Page 518 - Economy & Policy News
Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck
Wilful defaulter dues up by Rs 1.2 trillion since the Covid-19 pandemic began. Some states have seen a larger rise than others
 "Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck")
India's mango exports witness a 19% jump at $47.98 bn during 2023 season
In the 2023 season, India exported mangoes to 41 countries by exploring new destinations such as Iran, Mauritius, Czech Republic, and Nigeria
 "India's mango exports witness a 19% jump at $47.98 bn during 2023 season")
Summer sown rice output expected at more than 100 MT in 2023-24: Report
The ministry said it expects output of summer-sown pulses for the period at 7.1 million tonnes, lower than the previous year due to climatic conditions
 "Summer sown rice output expected at more than 100 MT in 2023-24: Report")
Cheap Venezuela crude oil to complement discounted Russian grades
India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020
 "Cheap Venezuela crude oil to complement discounted Russian grades")
India will be the world's third largest economy by 2030, says VP Dhankhar
Dhankhar said international organisations such as the International Monetary Fund have called India a"shining destination" in terms of investment and opportunities
 "India will be the world's third largest economy by 2030, says VP Dhankhar")
Hindustan Aeronautics partners Safran of France for making engine parts
The products that HAL and Safran will jointly produce in Bengaluru will power the Airbus A320 Neo family and the Boeing 737 Max single-aisle airliners
 "Hindustan Aeronautics partners Safran of France for making engine parts")
Oil prices rise 1% after paring earlier gains on mixed Middle East reports
Israeli forces carried out their biggest Gaza ground attack in their 20-day war with Hamas overnight
 "Oil prices rise 1% after paring earlier gains on mixed Middle East reports")
Retail onion price up 57%; Centre steps up buffer sale to provide relief
In the national capital, retail price of onion was at Rs 40/kg on Friday as against Rs 30/kg in the year-ago period, the data showed
 "Retail onion price up 57%; Centre steps up buffer sale to provide relief")
Wheat acreage jumps in initial sowing on good weather and firm price
According to the latest preliminary data by the Union ministry of agriculture, wheat has been sown in around 0.38 million hectares till October 27
 "Wheat acreage jumps in initial sowing on good weather and firm price")
Federal Reserve expected to leave benchmark interest rate unchanged
Fed Chair Jerome Powell has said the pieces of the low-inflation "puzzle" may be aligning, though the central bank hasn't declared its inflation fight over
 "Federal Reserve expected to leave benchmark interest rate unchanged")
Govt extends time for accreditation of halal certification bodies till Apr
Products covered under the notification include meat of bovine animals, fish and chilled meat of sheep and goats; and sausages and similar meat products
 "Govt extends time for accreditation of halal certification bodies till Apr")
Irdai excludes retail sector of general insurance from arbitration clause
Following the amendment, the clause will only apply to commercial lines of business
 "Irdai excludes retail sector of general insurance from arbitration clause")
Five MSME lending products complete test phase under RBI's sandbox cohort
Products of the entities that completed the test phase were evaluated based on mutually agreed test scenarios and expected outcomes
 "Five MSME lending products complete test phase under RBI's sandbox cohort")
Govt raises bid quantity to 200 tonne under OMSS wheat to stabilise prices
The increase in the bid quantity is aimed at enhancing the availability of wheat in the open market and to further stabilise the prices of wheat, it said
 "Govt raises bid quantity to 200 tonne under OMSS wheat to stabilise prices")
UP plans to attract pvt investment of more than Rs 1,000 crore in Toy Park
The Indian toy market is estimated to double to $3 billion by 2027-28, from $1.5 billion now
 "UP plans to attract pvt investment of more than Rs 1,000 crore in Toy Park")
India's forex reserves resume losing streak, fall to $583.53 billion
The RBI intervenes in both the spot and forwards markets to prevent runaway moves in the rupee
 "India's forex reserves resume losing streak, fall to $583.53 billion")
RBI central board reviews global economic, financial developments
The Central Board of Directors of the Reserve Bank of India on Friday reviewed economic and financial developments, including challenges posed by the evolving geopolitical conflicts.
 "RBI central board reviews global economic, financial developments")
Mobile phones, auto parts top cargo items at Jaipur airport in September
Surprisingly, human hair also comes in the top category
 "Mobile phones, auto parts top cargo items at Jaipur airport in September")
India exports mangoes worth $47.98 million, up 19% from last year
India expanded its mango exports to 41 countries, exploring new markets in Iran, Mauritius, Czech Republic, and Nigeria
 "India exports mangoes worth $47.98 million, up 19% from last year")
Finance ministry notifies prospective levy of GST on corporate guarantees
GST at 18 per cent will be levied on 1 per cent of the total amount guaranteed by the parent company or the actual consideration, whichever is higher, the notification said
 "Finance ministry notifies prospective levy of GST on corporate guarantees")