Page 528 - Economy & Policy News

Fuel shortage unlikely but disruption in oil supplies, price hikes possible

Fluctuations since the attack pushed oil prices as high as $96

India will account for 18% of global growth by 2028, to play key role: IMF

India's faster growth compared with China's economic slowdown could see the South Asian nation make a bigger contribution to global growth than its larger rival

Number of women in blue-collar jobs increasing across manufacturing sector

As companies move to be more gender inclusive

Rural road construction changes path for the first time in 8 years

The rural development scheme has been 'poorly' performing for some time now, as it has been continuously missing its targets for the April-June period since FY16

Govt won't curb PC, laptop, and other IT hardware product imports

Puts in place 'contactless' authorisation system

Some MNCs may face tax heat as SC clears air on MFN applicability

The issue emerged when India signed treaties with other nations, including Slovenia, Lithuania, and Colombia, and fixed a lower rate (5 per cent withholding tax)

Contract of 3 out of 4 flexi workers lasted more than 6 months in FY23

The report also noted that there was an increase of 5 per cent in the share of flexi work as compared to other employment formats, to 66 per cent from 61 per cent last year

Strengthening US dollar is a global risk: RBI's state of the economy report

"The Indian rupee has also exhibited low volatility and orderly movements relative to peers, in spite of the elevated US treasury yields and a stronger dollar," the RBI report says

For sustainable growth of nations, WB's Gill calls for data-driven policies

Gill pointed out that relatively few countries (31) have grown into high-income countries between 1990 and 2021

India likely to meet 5.9% fiscal deficit target in FY24, says IMF

Earlier, this month, India hiked the cooking gas subsidy for low income households to 300 rupees per cylinder from 200 rupees announced in August

Food prices to remain stable during festival season, says food secretary

The government has used all tools at its disposal, be it trade policy or stock limit norms, to ensure prices remain stable, said Chopra

Working on plan to encourage traders to use Indian-flag vessels: Goyal

On Tuesday, Prime Minister Narendra Modi said that India aims to be among the top five nations in shipbuilding over the next 25 years

India needs its own P&I entity for maritime, says FM Nirmala Sitharaman

Addressing the Global Maritime India Summit 2023, the finance minister said that such an entity would provide greater strategic flexibility to India's shipping operations

Sebi eases norms for borrowing for large corporates through debt securities

Presently, if at the end of three years, there is a shortfall in the requisite borrowings, a monetary penalty of 0.2 per cent of the shortfall in the borrowed amount is levied

Moderating inflation bolsters macroeconomic fundamentals: RBI article

The inflation based on Consumer Price Index (CPI) was 6.83 per cent in August and 7.41 per cent in September 2022

Reserve Bank of India net sells $3.9 billion foreign currency in August

The rupee depreciated by 0.6 per cent in August. In July, the RBI had recorded a net purchase of $3.4 billion in the spot market

Oil prices slip as Venezuela sanctions ease, Middle East in focus

Saudi Arabia had said it would keep its voluntary cut until the end of the year

RBI intervenes to helps rupee from hitting new low amid high US yields

The Indian unit moved in a range of Rs. 83.25 a dollar to Rs. 83.28 per US Dollar for the entire day

Prices of essential foods to remain stable during festive season: Food Secy

The government has taken some decisions recently to ensure price stabilisation, the secretary said

Govt to issue end-to-end digital authorisation for laptop, tablets' import

The decision spells relief for global laptop makers such as Dell, HP, Apple, Samsung and Lenovo, which had been unnerved by the abrupt announcement of a licensing regime in August