Page 486 - Economy & Policy News

WPI turns positive after 8 months in November as food, mineral prices jump

The uptick in factory gate inflation comes days after retail inflation bucked the downward trend and touched a three-month high in November due to a seasonal spike in vegetable prices

Das' final frontier: To bring down inflation to 4% before his term ends

During his five-year tenure, the banking sector has become resilient, improving profitability and maintaining healthy capital

Sharp improvement in liquidity expected from January 2024: India Ratings

Govt spending, FPI flows to drive liquidity

Procurement from govt's GeM portal may reach Rs 3.5 trillion this fiscal

The government e-Market (GeM) portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments

Bihar business summit: MoUs signed for Rs 50,530 crore investment

Stating that the Centre should grant special status to Bihar to ensure faster growth, minister said state govt's focus is on food processing, leather, textiles and IT, among other sectors

Capex on national highways rose to Rs 2.4 trl in 2022-23: Nitin Gadkari

Nitin Gadkari provided this information in a written reply in the Lok Sabha on Thursday. The NH network in the country has risen from 91,287 km in March 2014 to about 0.14 million km in 2023

Centre cuts logistics costs to below 9% of GDP with higher state spending

According to the World Bank's Logistics Performance Index, India ranked 38th out of 139 countries in 2023, helped by improving road and port networks and digitisation of the supply chains

Tamil Nadu's electronics export on road to $8 billion, says minister

According to industry experts, major reasons for the rise in exports is the 'China Plus One' strategy of global majors like Apple

Focus on design, IP creation key to India's rise as product nation: IT secy

Design elements add substantial value to products, particularly in the electronics and digital space, IT secretary Krishnan said while addressing the '23rd India Design Summit and Awards'

Net new women EPFO subscribers addition rises to 2.87 million in FY23

The net addition in Employees' Provident Fund Organization (EPFO) subscriptions is an indicator of the extent of job creation/formalisation of the job market

China's economy may slow sharply in 2024, recovery fragile: World Bank

Real estate investment has fallen by 18% in the past two years and more needs to be done to resolve hundreds of billions of dollars in unpaid debts of overextended property developers

ICC World Cup 2023: Local biz saw 400% hike in spending by foreign tourists

Quick-service restaurants in host cities saw an increase in spending by foreign tourists for three key matches - India vs Pakistan, India vs England, and the final clash between India and Australia

WPI inflation in Nov at 0.26%, returns to positive territory after 7 months

The rise in WPI inflation was led by food inflation. The index in this category rose steeply by 4.69% in November as compared to 1.07% in October

BoE set to hold interest rates at 15-year high amid economic concerns

While the interest rate increases have helped in the battle against inflation, the squeeze on consumer spending, primarily through higher mortgage rates, has weighed on British economic growth

Centre to launch Rs 10,000 cr sop scheme to boost chip ancillaries

This plan will be an overhauled version of the SPECS scheme and is likely to be launched at the start of the next financial year

GST on expat salary: CBIC asks officers not to apply SC order mechanically

Investigation in each case requires a careful consideration of facts, including the terms of contract: CBIC

In a blow to Tesla, Indian govt says not planning to reduce EV import tax

Parkash said existing policies under the government's "Make-in-India" push are aimed at encouraging domestic and foreign investment in the EV industry

After bumper years, oil demand growth in Indian market to taper in 2024

Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev.

India-US relationship has moved in positive direction, says USISPF chief

The Quad bloc groups India, Australia, Japan and the US, which oversees overall cooperation in the Indo-Pacific region

Here to enhance partnership between EFTA, India: Norway's trade minister

The European Free Trade Association is a trade organisation and free trade area consisting of four European states- Iceland, Liechtenstein, Norway and Switzerland