Page 505 - Economy & Policy News

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

DGTR initiates sou-motu investigation into dumping of 4 Chinese goods

The move is aimed at granting much-needed protection to the micro, small and medium enterprises producers against dumped goods from China

Food inflation remains above comfort level, despite easing of CPI: Official

Food inflation, which accounts for nearly half of the overall consumer price basket, was 6.61% in October

No deadline for conclusion of India-UK trade pact talks: Commerce Secretary

Joint Secretary in the commerce ministry and India's chief negotiator for the pact said that the two sides continue to discuss the "outstanding issues" which remained unresolved

Comm min expects to issue 20,000 status holder certificates to exporters

"By the end of this year, we expect about 20,000 status holders to be recognised through this automated process," DGFT said

Imports from Russia up 64% to $36.27 bn in Apr-Oct; crude, fertiliser tops

With this, Russia has become India's second-largest import source during the first seven months of this fiscal

India signs deals to export 500,000 tons of new season basmati rice

After imposing a ban on non-basmati white rice exports in Jun to stabilize domestic prices, India set a floor price, or minimum export price (MEP), of $1,200 a ton for overseas sales of basmati in Aug

Centre to seek steady coking coal supplies from Australia for steel mills

Australia accounts for over half of India's coking coal imports of around 70 million metric tons a year

Exports up 6.21% to $33.57 bn in Oct; trade deficit high at $31.36 bn

Imports increased to $65.03 billion in the month under consideration, as against $57.91 billion recorded in October 2022

NASDAQ can play key role in attracting global investors to India: Official

The NASDAQ official said there is a fairly obvious focus on India now as it becomes more difficult to invest in China.

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

Centre may raise threshold for GST evasion cases from Rs 2 cr to Rs 3 cr

The Centre may also tweak the rules of issuing summonses to the violators

Despite visa hurdles, Indian student enrollment in US hits all-time high

Despite a slight dip of 0.2 per cent year-over-year, China remains the leader in international student enrollment in the US, with 289,526 students studying in the country during the same period.

Here's why India and UK are acting like cowards on the free trade agreement

Indian negotiators are pushing for strict "rules of origin" checks for tradable goods, to make sure that any FTA benefits apply only to goods made predominantly in Britain

European air fares 'rising way above inflation', says ACI Europe

This rising trend continued into October, ACI said, adding fares were up 47% when booked three months in advance

Crude oil prices edge higher as IEA raises demand growth forecast

A US crackdown on Russian oil exports could also disrupt supply, supporting prices further.

Now, 10-15 years of experience a must for NHAI's contractor staff

This decision comes after the ministry faced criticism over the quality of highways, especially in sensitive areas like the hills

China plans to allocate $137 bn of new funds to aid housing market

The outstanding amount of funds lent through the PSL program stood at 2.9 trillion yuan as of October.

Tesla on way to double its components imports from India: Piyush Goyal

Elon Musk apologises for failing to meet minister at California plant

WPI inflation at -0.52% for the seventh consecutive month in October

Food inflation declined to 2.53 per cent in October from 3.35 per cent in the previous month