Page 515 - Economy & Policy News
Core sector output slows to a four-month low of 8.1% in September
Experts say pickup in rainfall expectedly flattened the core sector expansion
 "Core sector output slows to a four-month low of 8.1% in September")
Isma projects 9% fall in sugar output, says sufficient to meet local demand
"Gross sugar production for the 2023-24 sugar season has been estimated at around 337 lakh tonnes," Indian Sugar Mills Association (ISMA) said in a statement
 "Isma projects 9% fall in sugar output, says sufficient to meet local demand")
India's Q2 GDP number will surprise on the upside: RBI governor Das
BS BFSI Insight Summit 2023: Shaktikanta Das said India is better placed as compared to other countries to deal with risky geopolitical situations
 "India's Q2 GDP number will surprise on the upside: RBI governor Das")
Manufacturing accounted for 78% of foreign technical collaborations: RBI
Foreign Direct Investment (FDI) companies accounted for an overwhelming majority of the FTCs
 "Manufacturing accounted for 78% of foreign technical collaborations: RBI")
Key infra sector growth slows down to 4-month low of 8.1% in September
The growth rate in the output of refinery products, fertiliser, cement and electricity during the month under review has decelerated, while it was negative in the case of crude oil
 "Key infra sector growth slows down to 4-month low of 8.1% in September")
MCA enforces provision for foreign listing of Indian public companies
A public company, according to the Companies Act, is a company which, unlike a private company, does not restrict the transfer of shares
 "MCA enforces provision for foreign listing of Indian public companies")
Brazil offers ethanol tech to India, eyes to resolve sugar dispute at WTO
The offer can help India utilise its excess sugar output and ease competition for Brazil in the international sugar market
 "Brazil offers ethanol tech to India, eyes to resolve sugar dispute at WTO")
India's Russian oil imports eased in October after prices climbed
Indian refiners have slowed Russian oil imports in recent months from the nearly 2 million barrels per (bpd) peak seen earlier this year as discounts have narrowed
Govt's fiscal deficit rises to 39.3% of annual target in H1 of FY24
The fiscal deficit was 6.4 per cent of the GDP in 2022-23 against the earlier estimate of 6.71 per cent
 "Govt's fiscal deficit rises to 39.3% of annual target in H1 of FY24")
BFSI Summit 2023: Steady growth to continue, CEOs of public banks say
Ashwani Kumar, MD and CEO at UCO Bank said that the growth will be there due to budgetary push by the government, the G20 Summit and the production-linked incentive scheme
 "BFSI Summit 2023: Steady growth to continue, CEOs of public banks say")
RE sources can meet 65% of world's power supply, 90% by 2050: R K Singh
Currently, he informed that around 80 per cent of the global population resides in countries that depend on fossil fuel imports, totalling a staggering 6 billion people
 "RE sources can meet 65% of world's power supply, 90% by 2050: R K Singh")
India will shop for a flexible agenda for shipping at COP 28
The possible landing of the container ship shall signal the importance India attaches to the targets for the greening of the shipping sector and larger maritime sector
 "India will shop for a flexible agenda for shipping at COP 28")
Onion prices in Maha fell 5-9% after decision to fix MEP, says Centre
On Saturday, the Centre imposed a Minimum Export Price (MEP) of USD 800 per tonne on onion exports till December 31 to boost the availability of the vegetable in the domestic market
 "Onion prices in Maha fell 5-9% after decision to fix MEP, says Centre")
As Onion prices soar across India buyers request further govt intervention
"We are getting onions for Rs 60 to 65 from mandi. Customers are not buying the onions due to rising costs. There is a shortage of supply too," he said
 "As Onion prices soar across India buyers request further govt intervention")
Diwali bonanza: Uttar Pradesh may raise SAP for sugarcane farmers
State utility clears Rs 1,361 cr pending dues to Bajaj Hindusthan Sugar
 "Diwali bonanza: Uttar Pradesh may raise SAP for sugarcane farmers")
India, UK see free-trade deal possibly in December after poll results
There isn't any firm deadline but an announcement could be made after the vote concludes and results are out December 3
 "India, UK see free-trade deal possibly in December after poll results")
BFSI Summit: 'Inclusive economic growth needs push for capex, job creation'
Samiran Chakrabarty, MD and chief economist, Citi Research pointed that it was quite natural for income inequalities to worsen when the country witnesses high GDP growth
 "BFSI Summit: 'Inclusive economic growth needs push for capex, job creation'")
Road connecting Mizoram with Myanmar to be completed by Nov: Gadkari
Addressing a rally at West Phaileng in Dampa assembly constituency in west Mizoram's Mamit district bordering Bangladesh, Gadkari said the 26-km road project costs Rs 1,132 crore
 "Road connecting Mizoram with Myanmar to be completed by Nov: Gadkari")
Average onion price in Delhi touches Rs 78 per kg, shows govt data
All-India average rate at Rs 50.35 per kg, according to govt data
 "Average onion price in Delhi touches Rs 78 per kg, shows govt data")
BFSI highlights: Quality should get rewarded, says IFSCA chairperson
India's highest decision-makers brainstorm on the country's future growth trajectory and maintaining financial stability amid global headwinds at BS BFSI Insight Summit today
 "BFSI highlights: Quality should get rewarded, says IFSCA chairperson")