Page 496 - Economy & Policy News

Centre extends PMGKAY free ration scheme for another five years till 2029

At a cabinet briefing, Anurag Thakur said that the extension will cost the exchequer Rs 11.8 trillion

Karnataka attracts 62 investment projects worth over Rs 3,000 crore

Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday

Fruit basket: Pomegranate prices to drop by January, pears and kiwi to surge

Bananas remained relatively stable, suggesting a consistent market presence without significant supply alterations, while sweet lime indicated minimal price changes

Brisk export orders stoke new season basmati rice prices in India

This month, Reuters reported that India signed contracts to export about 500,000 metric tonnes of new season basmati rice, indicating brisk overseas sales of the premium aromatic variety

'Moment of truth': Fossil fuel lobby casts long shadow over COP28

In an interview with AFP on Saturday, Jaber had defended the large presence of heavy-emitting industries, including the oil and gas sector

China mysterious disease outbreak: Indian exporters fear likely impact

To compound the issue, China, the world's second-largest economy, is already slowing down and grappling with a crisis in its real estate market

E-commerce volumes surge by 23% during Black Friday sales: Unicommerce

Black Friday surge was not limited to metro cities alone. Tier-III cities reported the highest growth of 43 per cent, followed by 19 per cent growth for Tier-I cities and 16 per cent in Tier-II cities

COP28: Unilateral carbon taxes coercive trade measure, say BASIC nations

Grouping of Brazil, South Africa, India and China says new 'green trade barriers' against WTO rules

India to take up both fuel and biofuel at COP28 climate summit in Dubai

Govt expected to push Global Biofuel Alliance; OMC chiefs setting up meetings

'China slows, India grows': S&P pegs 7% GDP growth for India by 2026

We project China's GDP growth to slow to 4.6% in 2024 (2023: 5.4%), edge up to 4.8% in 2025, and return to 4.6% in 2026, S&P said

Domestic coal prices match international trends without raising power bills

Linkage policy gives power plants assured supply of the fuel while giving them more scope to sell electricity in exchange market

AAR under GST plagued by conflicting rulings, quality of orders

It is generally feared that AARs typically comprise deputy commissioner or joint commissioner rank of officials who give judgement in favour of authorities

Crude oil prices rise on weak dollar, expectations for OPEC+ output cuts

Brent crude futures were up 11 cents, or 0.1%, at $80.09 a barrel at 0510 GMT. U.S. West Texas Intermediate (WTI) crude futures were trading 4 cents higher, also 0.1%, at $74.90 a barrel

India's subsidies may cost the govt Rs 50,000 cr more than its FY24 Budget

The subsidy outgo for FY24 was planned at Rs 4.03 trillion, but it could rise up to Rs 4.53 trillion

Maharashtra's farmers thirst for a trickle of hope amid water crisis

Currently, numerous individuals across villages in the state are squarely dependent on external sources of water, such as tankers, to quench their drinking water needs

Onion exports decline 85% after Centre's minimum export price cap

The export price before the duty was levied was somewhere around $320 per tonne free-on-board (around Rs 2,650 per quintal)

India's engineering exports surge in US, Saudi Arabia, and UAE in October

The value of engineering exports to the US in October was $1.39 billion, up 2.2 per cent year-on-year, while shipments to the UAE rose 2.9 per cent to $348.6 million

S&P Global raises India's FY24 growth forecast on 'robust momentum'

Projects economy to grow at 6.4% as against 6% earlier; lowers FY25 outlook

PMFBY: Tech revamp boosts govt's crop insurance scheme, yields results

The Cabinet also decided that when states engaged any insurance company for PMFBY, the insurer would have to stay enrolled for at least three years, against the earlier provision of one to three years

US pension fund's index switch: Indian equity mkts set for $3.6 bn bonanza

Changing benchmark will trigger $3.6 bn inflows into domestic equities