Page 534 - Economy & Policy News
Investment bankers see highest fee income at $968 million in Jan-Sept
Private equity-backed M&As amounted to $11.1 billion, down 58.1 per cent from a year ago, and the lowest first nine months period by value since 2020
 "Investment bankers see highest fee income at $968 million in Jan-Sept")
Rice traders demand flat export duty of $80 per tonne on parboiled rice
On Friday, the government had extended the 20 per cent duty on parboiled rice exports until March 24
 "Rice traders demand flat export duty of $80 per tonne on parboiled rice")
FTA pact with UK critical for India's ambition to become mfg powerhouse
Officials of India and the UK are holding hectic parleys to conclude the negotiations for the FTA. The talks were launched in January 2022
 "FTA pact with UK critical for India's ambition to become mfg powerhouse")
Committee in PLI scheme approves Rs 1,000 cr disbursement to beneficiaries
The government disbursed Rs 2,900 crore till March 2023, out of claims worth Rs 3,400 crore received under the scheme, which aims at boosting domestic manufacturing, creating jobs
 "Committee in PLI scheme approves Rs 1,000 cr disbursement to beneficiaries")
Passenger handling increases by 22% to 460,000 in Sept in Guwahati airport
The international airport also handled almost 4,000 air traffic movements in September, which is 19 per cent higher than that (3,216) in that month in 2022, he said
 "Passenger handling increases by 22% to 460,000 in Sept in Guwahati airport")
World's higher-for-longer rate era stokes worry among finance officials
Debt levels are at record high levels at the same time that we're in this higher-for-longer interest-rate environment, said Gita Gopinath, No 2 official at IMF
 "World's higher-for-longer rate era stokes worry among finance officials")
Govt maintains basmati rice floor price as grain export curbs continue
India imposed a $1,200 per ton minimum export price (MEP) on basmati rice shipments in August to calm local prices ahead of key state elections
 "Govt maintains basmati rice floor price as grain export curbs continue")
ADB joins hand with Bengal govt to study economic corridors' development
The study aims at "strategising economic development across the nodes of Andal-Panagarh, Kharagapur-Goaltore-Salboni and growth centres such as Siliguri, Dankuni and Kalyani
 "ADB joins hand with Bengal govt to study economic corridors' development")
Govt looking at eligibility criteria for direct overseas listing of firms
The official said the ministry is in discussions with finance ministry as well as other stakeholders to finalise the rules for Indian companies to list overseas
 "Govt looking at eligibility criteria for direct overseas listing of firms")
Middle-East conflict raises fuel price concerns, says FM Sitharaman
Sitharaman is on an official visit to Marrakech, Morocco, to attend the IMF-World Bank Annual Meetings 2023
 "Middle-East conflict raises fuel price concerns, says FM Sitharaman")
G20 finance ministers and central bank governors adopt crypto road map
Crypto Asset Reporting Framework exchanges to start from 2027
 "G20 finance ministers and central bank governors adopt crypto road map")
Weekly India-UK FTA meets taking place, ironing out differences: Govt
The government is working on an import management system - laptops, tablets, and other IT hardware - and it will come into effect on November 1
 "Weekly India-UK FTA meets taking place, ironing out differences: Govt")
Export contraction narrows in September; govt sees 'green shoots'
Outbound shipments fall 2.6%; imports decline 15%
 "Export contraction narrows in September; govt sees 'green shoots'")
GST regime altered contours of fiscal federalism in India: Debroy
"This is at times cited as a restriction on the powers of the states," he said, adding that it is equally a "restriction" for the central government
 "GST regime altered contours of fiscal federalism in India: Debroy")
India needs structural reforms to achieve higher growth levels: IMF
In response to another question on the impact of a sharp increase in bond yields on emerging markets, Srinivasan said that both the public and private sectors should be careful while borrowing
 "India needs structural reforms to achieve higher growth levels: IMF")
MDBs need to shift to informed risk-taking, says G20 group report
Pushes for pvt capital to strengthen MDBs
 "MDBs need to shift to informed risk-taking, says G20 group report")
Over 1.94 million new workers enrolled under ESI Scheme in August
According to the official release, around 24,849 new establishments have been registered and brought under the social security umbrella of the ESIC in August 2023, thus ensuring more coverage
 "Over 1.94 million new workers enrolled under ESI Scheme in August")
Imports from Russia up 67% in Apr-Sep on higher shipments of oil: Govt data
Among all the top ten import source nations of India, imports from Hong Kong increased to $ 10.21 billion as against $ 10 billion in April-September 2022
 "Imports from Russia up 67% in Apr-Sep on higher shipments of oil: Govt data")
Govt extends 20% tax on exports of parboiled rice until March 2024
The 20 per cent export duty on parboiled rice was imposed on August 25 till October 16 to maintain adequate local stock and keep domestic prices under check
Crude oil prices surge on US sanctions, tight stockpile forecasts
Russia is the world's second-largest oil producer and a major exporter and the tighter U.S. scrutiny of its shipments could curtail supply
 "Crude oil prices surge on US sanctions, tight stockpile forecasts")