Page 507 - Economy & Policy News

Nine states record higher inflation rates compared to national average

Among the advanced economies, only the UK has recorded higher prices compared to India

Centre to launch Rs 24,000 crore scheme for welfare of tribals: PM Modi

PM Modi said he has seen unprecedented trust and affection for BJP among the people of Madhya Pradesh, and added that the Congress has accepted defeat ahead of elections

GIC wants to divert terror insurance money for oil and nuclear risks

India has Rs 15,000 cr in terror risk insurance: Money could be better used

Wholesale inflation at -0.52% in Oct; in negative territory for 7th month

The WPI-based inflation rate has been in the negative zone since April and was at (-) 0.26 per cent in September, 2023

Jaishankar, Cameron discuss progressing India-UK Free Trade Agreement

The duo also discussed shared global challenges, including the situation in Israel and Gaza and the war between Russia and Ukraine

Rural housing construction may be driving up MGNREGS costs, says ministry

Rs 35,000-40,000 crore of MGNREGS wages have already gone towards the construction of houses under PMAY-Gramin since it was revamped in November 2016

Tesla to double its components imports from India, says Piyush Goyal

He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year

India-UK FTA: EAM hopes two sides will find 'landing point' which will work

Jaishankar, who is here on a five-day official visit to the UK with an aim to review various aspects of bilateral ties and give "new impetus to the friendly ties"

Faster trains are crucial for India to tap global export markets like China

What has local train travel got to do with exports? A lot, according to Lin Tian at INSEAD in Singapore and Yue Yu at the University Of Toronto

Manufacturing accelerates in Q2, likely to sustain in FY24: Ficci study

57% respondents have plans for investments and expansion in the next six months

Retail inflation falls again in October, hits 5-month low of 4.87%

Food inflation remained sticky as it slightly moderated to 6.61 per cent in October from 6.62 per cent in September due to the prices of items within the category cancelling each other out

Centre to seek bids for $960 million EV battery production program

The government will seek bids from potential investors next month, they said

Sri Lankan President presents budget, says economy not out of crisis yet

He said in order for the island nation to prevent another bankruptcy, hard reforms are a must

India asks Opec to ensure oil market stability for global economy's benefit

Puri highlighted that as the third-largest energy consumer, crude oil importer and the fourth-largest global refiner, close ties between India and OPEC are not only essential but also natural

Centre, ADB sign $400 mn loan pact to build high-quality urban infra

After signing the loan agreement, Mukherjee stated that the programme supports the government's urban sector strategy with a focus on reforms aimed at making cities livable

Govt policy tailwinds to drive 15% CAGR in India's defence production

The government's ongoing policy push for import substitution and exports is a big propellent, driving the 15 per cent CAGR in India's defence production turnover

Palm and sun oil imports rise to record highs on rebound in consumption

Soyoil imports in the year fell 12% to 3.68 million tons as for most of the months it was trading at a premium over palm oil and sunflower oil

Delhi earns Rs 525 cr in Diwali with 30 mn liquor bottles sold in 2 weeks

"The sale of liquor picks up during festivals like Holi and Diwali in Delhi as it is not only bought for personal consumption and stocking but also for giving as gifts," a senior excise officer said

8th round of commercial coal mines auction to be launched on Nov 15

A total of 39 mines will be put on sale in the eighth round of commercial coal mines auction

Onion prices: All-India average rate at Rs 59.09 per kg in retail market

Onion is grown in three seasons -- kharif, late kharif and rabi. It is only rabi onion which is stored, as the variety grown in this season has a longer shelf life