Page 489 - Economy & Policy News

EFTA deal with India could be signed before 2024 elections: Swiss envoy

Ralf Heckner stressed on the importance of the proposed trade deal for unlocking innovation and investment opportunities

India seeks to resolve WTO import duty dispute with EU on ICT goods

Under the MFN basis, a WTO member country can not give import duty concessions of goods only to one country or region as it would be a violation of global trade rules

FinMin to empanel bankers, law firms for OFS disinvestment, dribbling

The minimum experience for bidders in this category would be of five years in share broking. The bidder should have a minimum net worth (including that of its parent entity) of at least Rs 25 crore

Health and welfare of Tribal Communities: Leaving no one behind

National Health Policy 2017 also highlighted the special health needs of tribal and socially vulnerable population groups and recommended specific measures in provisioning and delivery of services

Govt working on 1st ever 'cost of regulation' study for states: DPIIT secy

DPIIT has created a dataset to let the States know how some of the areas may be affecting them in terms of their 'business-friendly reputation'

India becoming middle income country within realms of possibility: NK Singh

Talking about the challenges that India needs to address, he stressed the need for ensuring the sanctity of contracts across governance

Crucial to identify real beneficiaries of interest subvention scheme: GTRI

It is also necessary to find out which product groups receive the most credit and the effectiveness of banks in assisting small firms through this scheme should be examined, it said

GDP growth reflection of transformative reforms of last 10 years: PM Modi

India is one of the fastest growing fintech markets in the world today and the GIFT International Financial Services Centre (IFSC) is emerging as its centre, the PM said

World recognizes India only option for large demand: Piyush Goyal

The Union Commerce Minister emphasized the unprecedented opportunity presented by 1.4 billion people aspiring for a better future

COP28: New GST draft text gives four options for move towards clean energy

The Global Stocktake is a fundamental component of the Paris Agreement of 2015 which is used to monitor its implementation and evaluate the collective progress made in achieving the agreed goals

Preventing carbon leakage CBAM's aim: Europe as India threatens retaliation

European Commissioner Wopke Hoekstra made this statement at a press conference at the UN climate talks here even as India's Commerce Minister Goyal threatened retaliatory action

Union Cabinet approves Rs 2,500 crore for Interest Equalisation Scheme

This would help exporters from identified sectors and all MSME manufacturer exporters to avail of pre and post-shipment Rupee export credit at competitive rates

Picture of resilience: RBI raises GDP growth forecast to 7% for FY24

MPC holds repo rate at 6.5% but maintains tight stance as inflation remains a concern

India's foreign exchange reserves cross $600 billion after four months

'We remain confident of meeting our external financing requirements comfortably," Das said

Centre bans onion exports, tightens wheat stock limit to tame food prices

Maha farmers protest onion export ban; Ajit Pawar terms ethanol decision as 'sudden'

Wheat sowing picks up pace as Central inventories drop to 7-year low

A high-level team of officials on a survey in some of the major wheat-growing areas found that almost 85 per cent of wheat sown so far has been of climate-resistant varieties

Airbus supply, support services by Tata to draw 5% GST, rules AAR

Tata Advanced Systems approached the AAR to know if GST is applicable on the supply of the aircraft

E-rupee to cut cost of cross-border remittances to 2-3%, says DEA secy

CBDC was announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman. The RBI began the pilot wholesale CBDC project on November 1, 2022

Gold prices slide 1% as strong US jobs data clouds interest rate cut bets

The dollar index firmed 0.2 per cent, making bullion more expensive for overseas buyers

Monetary policy review: Reversal of SDF, MSF on weekends from Dec 30

Market analysts said that the RBI's persistent focus on addressing the uneven distribution of liquidity in the banking system led them to the adoption of measure