Page 493 - Economy & Policy News

Karnataka eyes Rs 1.4 trillion investment annually to boost state economy

Some of the big-ticket investment proposals received by the state include Foxconn, IBC, AMD, Qualcomm, Applied Materials, Marubeni and Tata Technologies

Coal output from captive, commercial mines rises 37% to 11.9 MT in November

Coal dispatch from captive, commercial coal mines in November was at 12.92 MT, registering a growth of 55 per cent as against 8.36 MT in the year-ago period

Russian oil turns dearer for Indian refiners after US enforces price cap

Moves by Washington to enforce the price cap strictly by opening investigations into five tankers transporting Russian oil has created concerns among refiners and traders

Indian refiners resume imports of Venezuelan oil, RIL seeks direct deal

But Venezuela's oil output has been volatile, limiting what it can offer for exports

India's manufacturing PMI rises to 56 in November on easing prices

The survey also notes that there was a substantial increase in the overall levels of new work received by Indian goods producers in November

Day after Q2 GDP data, economists raise India's FY24 growth forecast

However, analysts continue to exercise caution for the second half of the current fiscal year and FY25 as consumption remains a concern

RBI, Bank of England strengthen ties; ink agreement to end CCIL logjam

Move comes as a relief to UK-based banks such as Standard Chartered and HSBC

GST mop-up rises 15% to Rs 1.68 trn; two-wheeler sales enter fast lane

The 15 per cent Y-o-Y growth in November came despite weak external conditions

India will grow at nearly 7% in 2023-24: Member of EAC to PM Modi

"It's time we start taking control of our own narrative and defining ourselves on our own terms," he said

UN secretary general, COP28 president clash over future of fossil fuels

The competing visions summed up the most divisive issue facing world leaders at this year's UN climate summit in the oil-producing United Arab Emirates

Confident of growth in export this year despite global uncertainties: Goyal

Goyal said India is a global bright spot for investors, where "our market capitalisation has just touched $4 trillion two days back"

Odisha registers over 100% growth in GST collection at Rs 2,791 cr in Nov

The progressive collection under all Acts up to November 2023 is Rs 22,510.56 crore with a growth rate of 18.91% over corresponding collection till November 2022

India's forex reserves rise to near three-month high of $597.94 billion

The reserves rose by $2.5 billion in the reporting week, after rising $5.1 billion in the week before

India's services exports rise 10.8% to $28.03 bn in Oct, imports fall 0.4%

Data released by the government last month showed services exports in October were $28.70 billion, while imports were $14.32 billion

India's GDP grew 7.6% in Jul-Sep quarter, higher than RBI MPC projection

At the Business Standard BFSI Summit last month, RBI Governor Shaktikanta Das said that the Q2 GDP figure is likely to surprise everyone on the upside

94% Indian CFOs optimistic about nation's economic future: Survey

Global economic slowdown or recession (59%), geopolitical issues (53%), and digital and technology disruption (27%) have emerged as the top three external risks concerning Indian CFOs

Punjab CM Mann hikes sugarcane price by Rs 11 per quintal to Rs 391

He said farmers will again be forced to protest if the government does not hike cane prices "as promised"

Govt scouts for advisor to manage Bharat Bond ETF's AUM worth Rs 50,000 cr

The advisor will analyse, assist and advise on the possible monetisation of the debt of the select CPSEs through market-oriented instruments

Int'l food safety body endorses India's proposal on standards for millets

With the CAC endorsing the proposal, work on the submission of project documents and development of draft standards will now be initiated by India, it said

States debt to stay elevated at 31-32% this fiscal: CRISIL report

This fiscal, overall revenue is expected to rise only 6-8 per cent, supported by goods and services tax collections, devolutions from the Centre, and taxes and duties on liquor