Page 540 - Economy & Policy News

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

Urban jobless rate falls for second consecutive quarter to 6.6 % in Q1

The jobless rate in urban areas had been on a continuous decline since the high of 12.6 per cent recorded in the Covid-affected April-June quarter of FY22

Primary energy demand in India will more than double by 2045: Opec

India's energy demand will also reach 10 percent of global demand, up from 6.6 percent currently

Assam cabinet approves Rs 3,000 cr for 1,000 km economic corridor project

The loan will be used to upgrade 90 rural roads and four rural bridges under the Public Works Department, Tourism Minister Jayanta Malla Baruah said

Rupee falls 2 paise to settle at an all-time low of Rs 83.27 per US dollar

The rupee had settled at the same level on September 18

Upcoming Marrakech meet: Global deal for 15% min tax on MNCs on anvil

India is also expected to outline its roadmap for implementing Pillar 1 of the proposed deal, which would require amendments to domestic laws

Govt to scale back on investment as it curbs budget deficit: Goldman Sachs

This move will give the private sector scope to pick up the slack in the coming years

Oil prices surges more than 2% as Middle East turmoil roils markets

Brent crude was up $2.28, or 2.7%, to $86.86 a barrel by 0859 GMT, while U.S. West Texas Intermediate crude was at $85.23 a barrel, up $2.44 or nearly 3%

Israel-Hamas conflict: Jewellery, gems likely to lose sheen, say experts

The trade was already hit by almost 27 per cent from $2,794.39 million in 2021-22

Israel-Hamas conflict: Exporters remain wary of serious consequences

In case the conflict escalates, India's trade with Iran may be the biggest casualty

Israel-Hamas conflict: Rising energy costs likely to weigh on India Inc

An Adani Ports & SEZ statement said the company is closely monitoring the situation at its port, which is situated in the North - far away from the conflict zone

Israel-Hamas conflict: India's hope of respite in oil prices dashed

The Indian crude oil basket, a mix of Gulf sour and Brent sweet grades, averaged $93.54 a barrel last month

India, Peru to hold trade talks on furthering investments from Oct 10: Govt

The next round of negotiations for a trade agreement between India and South American nation Peru will start from October 10, an official statement said on Monday

India watching military conflict in Middle East closely, says Hardeep Puri

"The place where action is taking place is in many respects the centre of global energy... as we go along we will navigate through this," Puri told reporters at an industry event in New Delhi

Israel-Hamas conflict may add uncertainty to IMF's growth projections

The IMF on Sunday said it was closely monitoring developments in Israel and Gaza, and it was too early to assess any economic impact

FM to attend World Bank-IMF meet, G20 FMBCBG in Morocco from Oct 11

During the visit, it said, Sitharaman and RBI Governor Shaktikanta Das will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting

Israel-Hamas conflict may impact gems, jewellery trade, say exporters

Total India-Israel trade in merchandise and services sectors in 2022-23 is estimated to be $ 12 billion