Page 473 - Economy & Policy News

Call of duty: Maruti Suzuki chairman advocates for low car tariffs in FTAs

The govt and Maruti believe the Indian car industry is no longer an infant and can face low-duty imports through FTAs, but not everyone is sure

Since pandemic, India-Maldives trade has surged even as investments lag

India exported goods worth $2.6 billion to Maldives between 2013-14 and 2022-23 and imported $644 million from Maldives in the same period

SC seeks govt's response on pleas by online gaming cos challenging 28% GST

The bench, led by Chief Justice of India DY Chandrachud, issued notice in pleas by online gaming companies such as Head Digital Works, Games 24/7, and Dream 11 challenging the government's decision

India's exports may plunge $30 bn owing to disturbance in Red Sea

Yemen's Iran-backed Houthi militants have targeted vessels transiting through the Red Sea with missiles. The Houthis say they are going after any vessels that have a connection with Isreal

ESIC leads in providing social security benefits by formalising workforce

ESIC is the primary government scheme that provides socio-economic protection against sickness, maternity, disablement, and death due to work-related injuries to employees in the organised sector

Govt to invest Rs 60,000 cr in river cruise tourism, green vessels

Sonowal also said the government aims at investing another Rs 15,000 crore in green transport over the next 10 years to develop 1,000 vessels and ferries

Agri exports likely to double to $100 billion by 2030: Commerce secy

"I am very sure that this $50 billion exports of India today will see a doubling of our exports by 2030 to almost $ 100 billion," he said at the IndusFood Show 2024 here

K-shaped recovery post pandemic is flawed, prejudiced narrative: SBI report

K-shaped recovery reflects uneven recovery where certain sectors of the economy thrives while other sectors continue to decline or struggle to recover

Fuel consumption rises 6.2% to 20 mn tonnes in December, shows data

Sales of gasoline in December slipped 4.5 per cent from the previous month to 2.99 million tons

Tata Power, Adani lead Rs 6.64 trn funding plans at TN Investor Meet

Among the investors, Tata Power ranked on the top by signing deals to invest Rs 70,000 crore to come up with 10 gigawatt (GW) solar and wind units in Tamil Nadu over a period of five to seven years

GAEC application for SCOMET items: Exporter must have trust in end user

Para 10.16 A.II.b.ii says that the applicant exporter is required to declare that the items that are intended to be exported shall not be used for any purpose other than the purpose(s) stated

Central banks worldwide to ease monetary policy in coming year: Report

After racing ahead with the most aggressive tightening campaign in decades during 2022, 2023, central banks around the world poised to begin easing monetary policy as inflation continues to retreat

India-Maldives row: Traders to refrain from dealing with island, asks CAIT

The Confederation of All India Traders (CAIT) stated it has "urged traders and exporters to refrain from conducting business dealings with the Maldives"

Indian Railways logs 6,577 route kms electrification in calendar year 2023

The electrification push by the government comes as the Indian Railways has set a target to become the world's largest green railway by 2030

Agricultural exports to rise despite curbs on wheat, rice, sugar: Goyal

These restrictions are likely to cause a shortfall of about $4 billion to $5 billion this year, Reuters reported last month.

EFTA: Trade deficit, Swiss blanket removal of import duties to hurt India

The report by economic think tank GTRI said the trade agreement in the current format will not help Indian exports and will result in higher imports and wider trade deficit

Budget 2024: Rebate under new income tax regime may be hiked to Rs 7.5 lakh

Last week, the PFRDA chairman had said that the body has recommended employer contributions to the National Pension Scheme up to 12 per cent to be exempted from the income tax

Can Brics, a frenemies grouping, challenge the West's sanctions regime?

The "Brics bank," which is currently led by former Brazilian president Dilma Roussef, has a mandate to lend to infrastructure projects that the rest of the multilateral architecture ignores

Fed pivot will dominate year of rate cuts in turn of global cycle

'Central banks are looking forward to a victory lap as inflation tracks back to target with only a modest blow to growth'

Aatmanirbhar Bharat successful because India stayed out of RCEP: Mahajan

We are not against foreign trade, and neither are we against agreements. But we need to ensure that whatever agreements we sign with other countries are in the best interests of our country, he said