Page 546 - Economy & Policy News

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

Financial savings increased by 14% in absolute terms: RBI deputy guv Patra

Patra also mentioned that households are shifting from financial savings to physical savings

Semiconductors, Industry 4.0 to be discussed at Vibrant Gujarat 2024: CM

The CM also announced that the 10th edition of the Vibrant Gujarat summit will be inaugurated by the Prime Minister, and the inauguration ceremony will be attended by heads of states

Gold price slides as dollar, treasury yields rise after strong jobs data

Benchmark Treasury yields edged higher and the dollar index rose 0.4%, denting appeal for gold

RBI's decision will support growth and check inflation, say experts

The Reserve Bank will announce the next bi-monthly monetary policy on December 8

Household savings rate plummeted to five-decade low in 2022-23: RBI

Deputy Governor Michael Patra said the dip in net financial savings of households to 5.1 per cent of the Gross Domestic Product (GDP) in FY23 also includes an increase in liabilities

India poised to become new growth engine of world, says RBI Governor

Invoking Kautilya's Arthashastra, Das said macroeconomic stability and inclusive growth are the fundamental principles underlying a country's progress

Monetary policy: RBI flags financial stability risks from unsecured loans

RBI asks lenders to smell where crisis is likely to come up

No major problem with central govt finances: RBI governor Shaktikanta Das

He said the government is, by and large, sticking to the fiscal consolidation roadmap after the end of the pandemic, which had seen some expansion because of the high spending

Falling tomato prices bring down cost of veg, non-veg thalis in Sept

The fall in tomato prices, which declined 62 per cent month-on-month (M-o-M) to Rs 39 a kg in September from Rs 102 a kg in August, was the major contributor

EU approves world's first green bond standards to avoid greenwashing

Europe is the world's biggest issuer of green bonds, accounting for more than half of global volume in 2021, though issuance is still only 3% to 3.5% of the overall bond market

In trials, genetically modified mustard's yield against peers under scanner

SC to take a call on further trials on October 10

India-UK FTA talks gain steam: Commerce secy, team in London to push deal

Thirteen rounds of negotiations have been completed so far