Page 574 - Economy & Policy News

Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept

The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion rupees, said the statement from Ministry of Finance

Stabilising core inflation shows easing price pressures in economy: RBI

Vegetable prices eased in August and brought down retail inflation to 6.8%. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin

Rupee falls to record closing low as rising oil pushes up dollar demand

Possible dollar sales from the RBI helped the local unit stay above lifetime lows. The rupee had fallen to a record low of 83.29 in October last year

Govt announces higher gratuity, other benefits for LIC agents, employees

The finance ministry increased the gratuity limit from Rs 3 lakh to Rs 5 lakh for LIC agents

High processing fees hindering growth of e-commerce exports: GTRI report

Unlocking India's e-commerce export potential to USD 350 billion by 2030 requires addressing banking issues that hinder growth and increase operational costs

Centre may raise rabi crop MSP by 2-7% for 2024-25 marketing season

An official was quoted as saying that MSP for wheat and Masur in the next season could be hiked by around 7 per cent to Rs 2,275-2,300 and Rs 6,425-6,450 a quintal, respectively

Keeping a tab on IT hardware imports: Govt looks at SIMS for template

May mandate prior registration of India-bound items

World's oil refiners are struggling to make enough diesel: Here's why

While oil futures are rocketing - on Friday they were just below $95 a barrel in London - the rally pales in comparison with the surge in diesel

Bharat Mandapam, Yashobhoomi to promote trade, employment: Piyush Goyal

He added that steps to make laws simpler, supporting startups, and increasing trade will help to promote the country's economic growth

Diesel sales fall in September amid rains, petrol consumption up in India

While diesel sales by three state-owned fuel retailers fell year-on-year in the first half of September, petrol sales were up marginally

Auditors should embrace technology, contribute to nation building: FM

The Finance and Corporate Affairs Minister remarked that the country has progressed at many levels in the last 20-25 years

Being 5th big economy 'impressive', per capita income must rise: Ex RBI Guv

All the same, we have no choice but to grow fast, given the present level of per capita income," the former chairman of the Prime Minister's Economic Advisory Council said

The storytellers' bazaar

The enduring legacy of trade routes lies in shared stories and religious diversity. Can the India-Middle East-Europe Economic corridor harness this legacy to empower nations?

Finance ministry defends GDP deflator and real GDP growth estimate

The finance ministry said India's GDP deflator is dominated by the Wholesale Price Index

India's exports shrink 6.9% in August; trade deficit hits 10-month high

Govt assures 'greenshoots' are clearly visible

India's foreign exchange reserves fall $5 billion, shows RBI data

The RBI has been persistently selling dollars in order to protect the rupee from depreciating further

Rupee settles near an all-time closing low as trade deficit widens

The surplus liquidity in the banking system fell to Rs 2,696 crore on Thursday ahead of the second tranche of Incremental Cash Reserve Ratio (I-CRR) disbursement on September 23

Area under millets except bajra lower than last year this season

Jowar, along with bajra and ragi, constitutes almost 70 per cent of the millets produced in the country

Weekend Bites: FM's wish, 15 yrs since Lehman fell, Taper Tantrum, Apple

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

India may add up to 30 GW more thermal power capacity, says R K Singh

Addressing at a CII conference, Singh said that India has around 25 GW of thermal capacity under construction and another 25 GW is planned