Page 510 - Economy & Policy News

Centre authorises release of tax devolution of Rs 72,961 cr to states

Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year

Indian govt bond yields edge lower as US peers, crude oil prices ease

Treasury yield rose above 4.65% on Monday but eased in Asian trading hours and was last at 4.6141%

Russian wheat export prices surged slightly last week, market calm

The Sovecon agriculture consultancy saw the price for the same class of wheat last week at $227-231 per ton FOB, down $2 from the week before

Rural market recovery boosts consumer goods sector growth to 9%: Report

Rural markets showed continued recovery during the quarter, with sales volumes rising 6.4% from 4% in the June-quarter, the market research firm NielsenIQ said.

A count of India's poor: It's a challenge in absence of govt data

Estimating extreme poverty in the country becomes a controversial task, leads to differing estimates

India's total tax receipts likely to exceed Budget Estimate in FY24

Monthly GST mop-up in FY25 could be Rs 1.7-1.8 trillion

From the hub: Shades of distress colour Punjab's weaves and drapes

The second of a three-part series on export slowdown looks at the textile hub in Ludhiana, often referred to as India's Manchester, to understand the setbacks and challenges there

Southeast Asia woos Indians with more flight seats and free visas

What was striking about Q3 2023 was that the number of airline seats between China and southeast Asia was 53 per cent of the 2019 levels, or 4.24 million seats

India's G20 presidency gave clear policy direction: FM Nirmala Sitharaman

'Need to maintain momentum on G20 guidance; global growth slow'

Costlier onion, pulses likely to push up thali prices in November: CRISIL

In October, the price of pulses, which accounts for a nine per cent share in the total cost of a veg thali, increased by 19 per cent year-on-year. This kept the thali cost from falling further, CRISIL

Oil at $110 could prompt RBI to hike interest rate again: Morgan Stanley

As the world's third-biggest consumer of oil, India is one of the most exposed economies in Asia to rising crude prices

Fitch upgrades India's medium-term GDP growth projection to 6.2%

The ten emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey

Pakistan informs IMF its debt serving costs may go up to PKR 8.5 trn

A substantial portion of this debt cost is attributed to domestic debt servicing, while external debt servicing exceeds PKR 900 billion

Inflows into India-linked ETFs set to smash 2014 record as investors surge

That was significantly higher than the $2 billion in net inflows by Oct in 2014, the year net buys into India-linked ETFs peaked

India-Russia new sea trade route plan in final stages of clearances

The Indian authorities have identified coking coal, crude, liquefied natural gas (LNG) and fertilisers as major commodities that will be traded in the route

India among top countries with high income, wealth inequality: UNDP report

Moreover, between 2015-16 and 2019-21, the share of the population living in multidimensional poverty fell from 25 to 15 per cent

Momentum must be maintained on New Delhi Leaders' Declaration: FM on G20

"Not only should we engage with G20 partners to take forward the outcomes," she said

Adityanath govt pitching for 'Make in UP' in the growing aviation sector

Leading Indian and foreign companies, including from the US, have shown interest in setting up their manufacturing and assembly units in UP

Russian oil price for India eased in September vs August: Govt data

India bought Russian oil at an average price of about $81.7 per barrel, compared to about $86 per barrel in August

No major fiscal impact from extended free food grain scheme: Report

Before the extension, the free food grain program was estimated to cost the government around 2 trillion rupees ($24.04 billion) this year