Page 504 - Economy & Policy News

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

FPI investment value in Indian equities rises 15% to $651 bn in Sep qtr

On a quarter-on-quarter basis, the value of such investment rose 4% from $626 billion recorded in the three months ended June this year

Festive demand ebullient, but miles to go on inflation front: RBI bulletin

High-frequency food price data for this month up to Nov. 13 indicates that cereal and pulse prices have increased further, while edible oil prices continued to decline, the RBI said

Govt sells 284,000 tonnes of wheat, 5,830 tonnes of rice from buffer stock

As part of the central government initiative for market intervention to control the retail price of rice, wheat and atta, weekly e-auctions of both wheat and rice are conducted by the government

India's GDP to grow 6-7% during 2024-26, growth prospects strong: S&P

Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added

Centre cuts windfall tax on crude oil to Rs 6,300/tonne, halves for diesel

Windfall tax: The levy on the export of jet fuel and petrol will continue to be zero

Govt considering several measures to help revive special economic zones

To seek views of different ministries on these measures, the commerce ministry has circulated a note on a draft SEZ (special economic zone) amendment bill 2023

Goyal meets Micron CEO, discusses options in India semiconductor ecosystem

In June this year, Micron Technology had announced its plans of investing $825 million in a new chip assembly and testing plan in Gujarat

Clean energy overtakes fossil fuels in global job market: IEA report

India alone records job growth in both renewable and fossil fuel sectors from 2019 to 2022

FY24 supplementary grants: Big cash flow unlikely this winter session

The government has exhausted only 39 per cent of its fiscal deficit target in the first half (April-September) of FY24

World Bank global indicators are subjective, says CEA V Nageswaran

As of 2022, India had a percentile rank of 63.2 in governance effectiveness, meaning it was equal to or better than 63.2 percent of countries

Govt to exceed Rs 18.23 trn full-year direct tax collection target: CBDT

As per government data, the net direct tax collection between April 1 and November 9 this fiscal has swelled 22 per cent to Rs 10.60 trillion

No deadline for UK FTA but working on a timeline: Commerce Secretary

Out of four pillars, India has joined three pillars - supply chains, clean economy, and fair economy (issues like tax and anti-corruption), and is an observer under the trade pillar

Festival gold rush widens India's trade deficit to new high in October

Exports in Oct grew at fastest pace in 11 months, imports in 13 months; gold imports up 95.4%

Israel war a challenge for West Asia corridor: FM Nirmala Sitharaman

The Centre aims to resolve insurance issues for domestic shippers and reduce India's logistics costs through this move

Maximising the minimum: A look at MSP promises in poll-bound states

Ensuring central procurement of surplus grains purchased by announcing hefty bonuses over the MSP is tricky

MSCI Index rejig likely to spur $1.5 billion inflows in domestic stocks

The global index provider announced the changes in the global standard index on Wednesday

Softer US inflation, drop in yields prop up markets; Sensex up 742 pts

Benchmark indices jump over 1% to hit one-month highs

Foodgrains free of cost to 800 mn people under PMGKAY for 1 yr: Food Min

Recently, PM Modi announced that his government's free ration scheme PMGKAY has been extended for the next five years

Developing economies' quota in IMF key to global financial stability: CEA

"The executive board of the IMF has proposed to the Board of Governors that a 50% quota increase (should be) allocated to members in proportion to their current quotas," he said