Page 501 - Economy & Policy News
Japan, India most favoured markets in Asia Pacific region: BofA survey
Investors optimistic on lower rates, weaker dollar, finds BofA survey
 "Japan, India most favoured markets in Asia Pacific region: BofA survey")
Crude oil sinks into a bear market, all eyes on Opec+ leaders meet
The International Energy Agency said earlier this week that production growth means the global market won't be as tight as had been expected this quarter
 "Crude oil sinks into a bear market, all eyes on Opec+ leaders meet")
Gold set to snap three-week losing streak amid Federal Reserve pause hopes
"Alternatively, the war is still bubbling, simmering away," Rodda said
 "Gold set to snap three-week losing streak amid Federal Reserve pause hopes")
Online sellers seek FDI in inventory-based model of e-comm for export
He said that the e-commerce stakeholders have asked the department for the promotion of industry and internal trade (DPIIT) to relook at the FDI policy on this issue
 "Online sellers seek FDI in inventory-based model of e-comm for export")
India's oilmeals export rises 36% in Oct to nearly 290,000 ton: Trade data
"Foreign demand for Indian soyabean meal has benefited from improved price competitiveness and the shortage of Argentine export supplies in recent months," SEA said
 "India's oilmeals export rises 36% in Oct to nearly 290,000 ton: Trade data")
Amid supply crunch, price of Kashmir apples zooms 50% to a decadal high
The prices of Grade-A apples have doubled in the past year in Sopore, Asia's second-largest fruit market
 "Amid supply crunch, price of Kashmir apples zooms 50% to a decadal high")
Transmission remains incomplete amid calibrated liquidity management: RBI
However, the increase in term deposit rates in the current tightening cycle has exceeded that in lending rates, the report said
 "Transmission remains incomplete amid calibrated liquidity management: RBI")
Chhattisgarh Assembly elections: Sops cast a shadow on paddy sale
Even as 15 days have passed since the state government started procurement at minimum support price (MSP), just about 400,000 tonnes of paddy has reached the centres
 "Chhattisgarh Assembly elections: Sops cast a shadow on paddy sale")
Climate action not a burden but opportunity for innovation, growth: Goyal
Goyal also participated in the Investor Forum of the Partnership for Global Infrastructure and Investment (PGII)
 "Climate action not a burden but opportunity for innovation, growth: Goyal")
Tankers newly sanctioned by US supplied Russian oil to India: Report
NS Century is currently on its way to discharge Sokol crude at Vadinar port in Gujarat for Indian Oil Corp (IOC) on Nov. 25, LSEG and Kpler data showed
 "Tankers newly sanctioned by US supplied Russian oil to India: Report")
Social security benefits for salaried employees shrinking post pandemic
Workers in rural areas, women hit harder
 "Social security benefits for salaried employees shrinking post pandemic")
India granted record 41,010 patents in 2023-24 so far: Piyush Goyal
On this, Prime Minister Narendra Modi said this is a "notable feat" and it marks a milestone in India's journey towards an innovation-driven knowledge economy.
India's GDP to grow 6-7.1% during 2024-2026, growth prospects strong: S&P
The report further said that the State Bank of India and leading private-sector banks have largely addressed their asset-quality challenges
 "India's GDP to grow 6-7.1% during 2024-2026, growth prospects strong: S&P")
Reserve Bank of India net sells $1.5 billion foreign currency in September
In the second quarter of the current financial year, the RBI purchased a net total of $1.9 billion of foreign currency, against $33.7 billion in the second quarter of the previous financial year
 "Reserve Bank of India net sells $1.5 billion foreign currency in September")
Outward remittances under RBI's LRS rose 26% in Q2FY24, shows data
In September 2023, Indians remitted $3.50 billion overseas, compared to $2.67 billion in September 2022
 "Outward remittances under RBI's LRS rose 26% in Q2FY24, shows data")
Food inflation sole threat to 4% CPI target: RBI 'State of Economy' report
The headline inflation had risen to a 15-month high of 7.44 per cent in July due to a surge in retail prices of vegetables, particularly tomatoes
 "Food inflation sole threat to 4% CPI target: RBI 'State of Economy' report")
At next board meeting, Sebi to relax delisting norms: Madhabi Puri Buch
The move is expected to help promoters take their company private if they wish to do so
 "At next board meeting, Sebi to relax delisting norms: Madhabi Puri Buch")
Netherlands, UK, Australia push India's exports in April-October period
India's imports contracted 8.9 per cent in April-October period though inward shipments shot up 12.3 per cent in October led by a near doubling of gold imports
 "Netherlands, UK, Australia push India's exports in April-October period")
Elections, festivities, and pollution weigh on India's cement demand
While the festival season typically sees a slowdown in construction activity, some dealers anticipate this lull extending throughout the entire month as multiple states enter election mode
 "Elections, festivities, and pollution weigh on India's cement demand")
UK seeks customs duty concessions on EV exports in FTA with India
The UK is also looking at phasing out ICE (internal combustion engine) vehicles by 2035, and the British auto market is export-driven
 "UK seeks customs duty concessions on EV exports in FTA with India")