Page 519 - Economy & Policy News

Demand for co-working spaces surges due to flexible work, high realty costs

According to the 'India Real Estate Q3' report by Knight Frank, the country recorded office transactions of 16.1 million square feet during the July-September quarter

US move to withdraw some digital trade proposals at WTO to benefit India

The development comes ahead of the WTO's 13th ministerial conference and will see in-depth discussions on global e-commerce rules that include these topics

Reserve Bank of India allows premature deposit withdrawal up to Rs 1 crore

Banks typically offer higher interest rates on non-callable deposits

Unilever expects price adjustments in India, says CFO Graeme Pitkethly

The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued

Nine-year shift: Taxpayers' income distribution less tilted to super-rich

ITR filing surges 90% during AY13-14 and AY2021-22

IT, consulting firms lead NPS adoption in private space: PFRDA data

PFRDA nudges top 50 firms, with over half of total subscribers, to up coverage

Govt starts hackathon to fight dark patterns on e-commerce websites

Dark patterns are defined as practices or deceptive design patterns using user interface/user experience interactions on any platform, designed to mislead or trick users

ITR filing by individuals grows 90% in 8 years to 63.7 mn in AY 2021-22

There has been a 291 per cent increase in ITRs filed by individuals with gross total income between Rs 10 lakh and Rs 25 lakh

China top exporter of finished steel to India in April-Sept: Govt data

The Indian steel industry has sought government intervention through safeguards against Chinese imports

Govt looks to onboard consultants amid work on investment treaties

These treaties are in the form of either a standalone investment treaty, like a bilateral investment treaty (BIT), or an investment chapter (IC) within a free trade agreement (FTA)

CBDC pilot projects show promising results: RBI governor Shaktikanta Das

Furthermore, Das said that the ongoing conflict in Ukraine has significantly influenced the central bank's recent strategies in combating inflation

Fundraising through corporate bonds decline in October, shows data

According to data from the Prime database, companies and banks raised Rs 23,797 crore as of October 24, compared to Rs 72,941 crore in September

Having 8-9% growth in economy for next 3 decades a challenge: Kant

Pointing out that presently the size of China's economy is five times of India, Kant said, "To catch up with China, we will have to grow at 10 per cent"

Govt reduces floor price of basmati rice exports to $950 per tonne

On August 27, the government banned exports of basmati rice below $1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice

India shouldn't agree to free cross-border data flows under IPEF: GTRI

India should not agree to take binding commitments on free cross-border data flows under the Indo-Pacific Economic Framework (IPEF), GTRI said

Sustainable finance will foster economic growth: Deputy Guv Swaminathan J

He said that lenders need to go beyond mere compliance and must imbue the organisation's practices with sustainable finance principles in order to foster a culture of financial inclusion

Commerce ministry reduces floor price of basmati exports to $950 per tonne

The government on August 27 decided not to allow exports of basmati rice below $ 1,200 per tonne to restrict possible "illegal" shipment of white non-basmati rice in the garb of premium basmati rice

India's lentils imports from Canada keep flowing despite tensions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry

India can reduce fossil fuel dependence, cut import by $29 bn via biogas

This upgraded biogas, known as biomethane, is pipeline-ready and can be integrated into gas grids as a non-fossil gas, she said

Festival season to bring some cheer to economy, say economists: Poll

Battered during the pandemic, consumption, which makes up for about 60 of Asia's third-largest economy has been slow to reach its pre-Covid levels