Page 531 - Economy & Policy News

Semiconductor, deep tech to be in focus at the India Mobile Congress

With 250+ global and domestic exhibitors, the 7th edition of the event is expected to draw more than 1 lakh visitors this year

Skill ministry launches IndiaSkills 2023-24, to target 2.5 mn participants

India Skills is the precursor to the WorldSkills competition, as the participants who excel in India Skills at national level will participate in global event next year, scheduled to be held in Paris

Russian oil freight rates jump by 50% as US boosts scrutiny of price cap

G7 imposed sanctions in last Dec prohibiting shippers or insurers domiciled in member countries from offering services to facilitate Russian oil exports when the price is above $60 a barrel

States on course to spend 29% more in capex this fiscal: ICRA report

The increased capex spending will see their debt-level in relation to their gross domestic product rising to 30 per cent from 28.9 per cent in FY23, a report by Icra Ratings said

India's defence exports cross Rs 6,000 crore in FY24, shows DDP data

Total defence exports over the last five years has now crossed Rs 52,000 crore

India to spend nearly Rs 143 trn on infra between FY24 and FY30: CRISIL

Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals 2017-2023, it added

State borrowing costs to rise in H2 FY24 on hardening of yields: Report

Capital expenditure of 13 major states is expected to grow 29% YoY, says ICRA

Indian wheat prices at 8-month high on festival demand, tight supply

Wheat prices in New Delhi jumped by 1.6% on Tuesday to 27,390 rupees ($329) per metric ton, the highest since Feb. 10. Prices have surged by nearly 22% over the past six months

India's green hydrogen mission is high on ambition but low on resources

Centre must boost support through grants, carbon taxes, and procurement mandates to achieve global H2 hub aspirations

Govt mulling another PLI scheme for batteries to bring down cost: Singh

He pointed towards limited battery manufacturing capacity in the world and termed it as a reason for high prices

India, UK hold first '2+2' foreign & defence dialogue to boost cooperation

The dialogue took place as the two sides are exploring the possibility of a visit to India by British Prime Minister Rishi Sunak later this month

Overall trade gains may be limited for India in FTA with UK: GTRI

Negotiations for the FTA are in the final stages, with both countries engaged in weekly discussions

Wholesale inflation hits 6 month high in Sept but stays in negative

Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August

Amid declining Indian imports, shipments from Russia, Hong Kong see growth

In the realm of exports, India saw diverging trends among its top 10 markets

Retail cos expected to witness muted growth in Q3 after weak demand in Q2

In the apparel sector, few wedding dates and lingering weak consumption patterns are expected to hinder growth for companies

Indian economy projected to grow at 6.3% in FY24, says Ficci Survey

The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent

Experts see WPI inflation rising in second half of ongoing fiscal year

Elevated global crude oil prices and potential risks to kharif harvest due to uneven rainfall also pose upside risks to WPI inflation, Sinha said

Festive demand: Coal India's fuel supply to thermal plants rises 6% in Oct

The supply was increased amid a sudden rise in power demand even as unseasonal rains hit the operations in coal bearing areas of Coal India's arms based in the eastern part of the nation

India's economic growth expected to rise at 6.3% in FY24: Ficci survey

Ficci said the survey was conducted in September 2023 and drew responses from leading economists representing industry, banking and financial services sector

Basmati rice growers face losses as current floor price dents exports

India, the world's biggest rice exporter, has also curbed exports of non basmati rice varieties in an attempt to keep a lid on domestic prices ahead of key state elections