Page 539 - Economy & Policy News

Sept diesel flows to Europe reach all time peak, Oct volumes slowing

Russia banned diesel exports on Sept. 21 to stabilise domestic market fundamentals, though this was partially lifted from Oct. 6

India has high debt like China, but risks are moderated: IMF official

The current debt in India is also high. It stands at 81.9% of GDP. Compared to China, which is 83%, it is very similar, said Ruud de Mooij, Deputy Director, Fiscal Affairs Department at IMF

India expected to become $30-trillion economy by 2050: Chakraborty

International financial institutions have projected India's growth to be around 6.3% this year and inflation at about 6%, so nominal GDP would be around 10-12%, he said

Marketing strategy to help tap $112 bn export in 10 nations in 3 yrs: Study

Federation of Indian Export Organisations (FIEO) said that to tap this potential, a proper strategy is required

Will exceed Budget target for direct tax: CBDT chairman Nitin Gupta

Rs 600 cr TDS comes from online gaming firms, Rs 105 cr from crypto assets

IMF raises India FY24 GDP growth forecast by 20 basis points to 6.3%

Agency keeps global growth forecast unchanged at 3% for 2023, says economic activity still 'short of pre-pandemic path'

Inflation seen easing to 5.50% in Sept on softening food price rises: Poll

Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists

Indian economy needs 8% growth to topple China as global driver: Barclays

The South Asian nation should focus investment in areas like mining, utilities, transport and storage - sectors that have stronger spillover effects on the broader economy, said Barclays economist

India's jobless rate at 6-year low; wage employment share shrinks

Both rural, urban areas show a fall in unemployment rates in July-June 2022-23 period

Israel-Hamas war: Tea exporters worry conflict spillover to Iran

Tea export volumes to Israel are insignificant. But any repercussions on Iran, one of the top buyers of Indian tea, will impact the industry, exporters apprehend

India's natural gas demand to rise 4% in 2023: International Energy Agency

Global natural gas demand growth to slow to 1.6 % till 2026, down from 2.5%

National average coal stock at season's low ahead of festival demand

Coal, rail ministries confident stock will replenish by mid-month

States borrowing cost soars to highest so far this fiscal at 7.68%

The prices shot up reflecting the overall higher risk averseness of investors with the rising interest rates along with higher demand, which rose by 14 per cent

Israel-Hamas war: Will govt let OMCs bear burden if oil prices escalate?

While Israel and Palestine are not the major oil players, prices of crude could escalate if the fight drags other nations of the Arab world, as well as the US, into it

India's net direct tax collection rises 22% to over Rs 9.57 trillion

The net direct tax collection increased by 21.82 per cent to over Rs 9.57 lakh crore till October 9, helped by good inflow from corporates and individuals, the Finance Ministry said on Tuesday

Festive season bump unlikely to jumpstart rural auto demand: Analysts

India has a line-up of festivals and auspicious periods between August and November, pushing up vehicle sales

Uttar Pradesh govt eyes Rs 30k cr pvt investment in data centre hubs

According to reports, India is poised to create a trillion-dollar economic value from the digital economy by 2025

India in a sweet spot as rift between West, China grows: Economist

According to Basu, among the many nations that became independent in the last century, India stood out for its democracy, free media and secularism

India GDP: Cricket World Cup economic boost is threatened by taxes

An additional $2.6 billion spent on everything from ticket sales and TV rights to tourism and food delivery may lift India's GDP by as much as $1 billion, they say

Govt increases advertisement rates for FM radio stations after 8 yrs

Industry representatives said that the previous advertisement rates were fixed on the basis of the India Readership Survey of 2012