Page 545 - Economy & Policy News

Fuel price hike unlikely despite oil price surge as polls loom: Moody's

This is despite the raw material (crude oil) cost surging last year, leading to heavy losses in first half of 2022-23 fiscal year before easing oil prices propelled them to profitability

Coal imports down 12% in Aug to 18.26 mn amid rise in domestic availability

The country's import of fossil fuel stood at 20.77 MT in August last year

UN FAO raises its forecast for this year's global cereal production

FAO's new Cereal Supply and Demand Brief pegs global wheat output at 785 million tonnes, coarse grain production at 1511 million tonnes

Kerala's liquidity strained, seeks Centre's intervention over borrowing cap

In a letter written to the union finance minister, Balagopal said the liquidity stress got aggravated specifically because of the cut in the annual borrowing ceiling

GST Council 'cedes right' to states on taxing neutral alcohols: FM

Strap: GST Council has slashed rates on molasses, millet mix, cleared air on corporate guarantee

Weekend Bites: RBI kills one bird with one stone, future of 50-over cricket

In which we munch over the week's platter of news and views

GST Council decides to slash rates on millet products, molasses: FM

Flour, containing at least 70 per cent millets, will attract zero per cent GST if sold loose, and 5 per cent if sold pre-packaged and labelled

Online gaming, casinos liable to 28% GST since beginning: Revenue Secy

In the 52nd GST council meeting, Delhi and Goa raised the issue of tax demands on e-gaming companies and casinos

Monetary policy: RBI expects banks to fully transmit rate-hike impact

Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote

Reserve Bank of India's lens on rising unsecured loans in banking system

According to RBI's latest Financial Stability Report, advances for unsecured retail loans rose to 25.2 per cent in March 2023 from 22.9 per cent in March 2021

RBI bond sale googly stumps market amid monetary policy status quo

MPC keeps repo rate unchanged; retains growth, inflation forecast

Monetary policy review: We use one stone to kill one bird, says RBI

There are several moving parts in the whole liquidity scenario. We will watch the evolving trends and notify as and when necessary: Das

Alternatives to China: Vietnam, India slug it out for semicon investments

Vietnam has garnered investments of over $5 billion in the semiconductor space, which have been publicly announced or are in various stages of implementation

Isma for staggered payment of sugarcane FRP to farmers in instalments

Proposal might not find much favour with farmers in an election year

Looking at expanding rupee-dirham trade, says Piyush Goyal in UAE

Goyal added that trade in domestic currencies will help save at least 5 per cent on all trade between the two countries

Monetary policy review: RBI keeps OMO sword hanging on bond market

Some see another hike in interest rates

India's forex reserves declines by $3.79 billion to $586.91 billion

In the previous reporting week, the overall reserves had declined by USD 2.335 billion to USD 590.702 billion as of September 22

FM Nirmala Sitharaman meets MDBs ahead of Morocco summit next week

During the Leaders Summit in New Delhi, G20 Leaders emphasised the need for reforms to deliver better, bigger, and more effective MDBs

Relief for Sikkim: Likely duty waiver by GST Council for warning system

The exemption would be valid for imports made up to the end of February 2024, a source familiar with the matter said

Govt considers lowering minimum export price on rice to $850 per tonne

The issue was flagged by various food product importers here during a meeting with Commerce and Industry Minister Piyush Goyal