Page 481 - Economy & Policy News
India, China follow contrasting external lending strategies: World Bank
Escalating debt vulnerabilities in many low or middle-income countries and overlapping crises are forcing an increasing number of countries to seek debt restructuring from external creditors
 "India, China follow contrasting external lending strategies: World Bank")
2023 The India Story: When rupee gained currency against US dollar
The year rupee remained the most stable against the dollar in nearly three decades
 "2023 The India Story: When rupee gained currency against US dollar")
India may discuss non-tariff barriers in Trade Policy Forum meet with US
"For India, restoration of our status as a beneficiary of the US GSP programme and securing good terms for Indian professional service providers should be the priorities," said secretary general, CUTS
 "India may discuss non-tariff barriers in Trade Policy Forum meet with US")
Current account gap narrows to 1% of GDP at $8.3 bn in Q2FY24: RBI
The lower CAD in Q2FY24 was due to the narrowing of the merchandise trade deficit to $61.0 billion from $78.3 billion in Q2FY23
 "Current account gap narrows to 1% of GDP at $8.3 bn in Q2FY24: RBI")
12 states raise Rs. 20,759 crore through auction, Tamil Nadu tops list
Tamil Nadu secured Rs 6,000 crore through two papers - Rs 3,000 crore through a 10-year paper with a cut-off yield of 7.66%, and Rs 3,000 crore through a 30-year paper with a cut-off yield of 7.56%
Current account gap narrows to 1% of GDP at $8.3 bn in Q2FY24: RBI
Services exports grew by 4.2 per cent on a y-o-y basis on the back of rising exports of software, business and travel services, the Reserve Bank said
 "Current account gap narrows to 1% of GDP at $8.3 bn in Q2FY24: RBI")
MGNREGA spend spike, subsidies to lead to fiscal slippage in FY24: Report
India Ratings and Research, which is a unit of international rating agency Fitch Ratings, said the fiscal deficit for FY24 will come at 6 per cent, as against the budgetary target of 5.9 per cent
 "MGNREGA spend spike, subsidies to lead to fiscal slippage in FY24: Report")
You may be able to file revised GST returns from April 2025 if...
An official said that allowing updated returns under the GST regime will simplify the process of filing returns
 "You may be able to file revised GST returns from April 2025 if...")
India aims to become developed nation by 2047: Hardeep Singh Puri
Puri, who is the only Sikh in the Narendra Modi cabinet, expressed delight upon visiting the historical site where the 10th Sikh Guru was born
 "India aims to become developed nation by 2047: Hardeep Singh Puri")
Govt cleared 746 PLI applications till November for different sectors
The schemes for 14 sectors were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports
 "Govt cleared 746 PLI applications till November for different sectors")
DPIIT working with 24 sub-sectors to promote manufacturing, cut imports
The commerce and industry ministry on Tuesday said that since its launch, 'Make in India' has made "significant" achievements and is now focusing on 27 sectors under 'Make in India 2.0'
 "DPIIT working with 24 sub-sectors to promote manufacturing, cut imports")
2023 Rewind: India helps Sri Lanka reel out of its debt-trapped economy
President Ranil Wickremesinghe's official visit to New Delhi in mid-July, albeit delayed, marked a crucial diplomatic engagement between the two nations
 "2023 Rewind: India helps Sri Lanka reel out of its debt-trapped economy")
Year ender 2023: Here's a look at top critical tech deals between India, US
Politically, the sharing is made easy by the fact that after plenty of years, both nations will have governments that will have their mandate in the same year at the same time
 "Year ender 2023: Here's a look at top critical tech deals between India, US")
Agriculture exports relying on 5 items make sector volatile: GTRI
Global Trade Research Initiative (GTRI) said that these five products -- basmati rice, non-basmati rice, sugar, spices, and oil meals -- account for 51.5 per cent of India's total agriculture export
 "Agriculture exports relying on 5 items make sector volatile: GTRI")
How BJP govt is celebrating various days to mark emergence of 'new India'
While August 15 and January 26 retain their salience, August 5 and January 22 are the anniversaries of the 'new India'
 "How BJP govt is celebrating various days to mark emergence of 'new India'")
India makes first-ever rupee payment for the purchase of crude oil from UAE
India spent $157.5 billion on importing 232.7 million tonnes of crude oil with West Asia contributing 58% of all supplies
India-Asean FTA review: Talks for 'modern' pact scheduled for Feb
For a long time, India has been worried about the routing of goods from third countries through non-Asean countries by taking the duty advantages of the agreement
 "India-Asean FTA review: Talks for 'modern' pact scheduled for Feb")
India on lookout for major global labour arrangements for skilled workers
Govt in discussion with several countries to send skilled workers
 "India on lookout for major global labour arrangements for skilled workers")
First rupee payment for oil to UAE: Looking for more deals, say officials
India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation made payments for purchase of crude oil from Abu Dhabi National Oil Company in Indian rupees
 "First rupee payment for oil to UAE: Looking for more deals, say officials")
Disinvestment to miss target again in FY24, raises over Rs 4 trn in 10 yrs
General elections in India are due in April-May next year
 "Disinvestment to miss target again in FY24, raises over Rs 4 trn in 10 yrs")