Page 576 - Economy & Policy News

Pessimism about Chinese economy not overdone, upbeat about India: DBS chief

DBS Group Chief Executive Piyush Gupta said current widespread pessimism about China's economy was not "overdone" but he was upbeat about India

Uttar Pradesh govt plans to meet green hydrogen production capacity

The current hydrogen demand in UP is approximately 900,000 tonnes per annum, especially in the fertiliser and refinery sectors

Govt further cuts stock limit on wheat traders, retailers amid price rise

Three months back on June 12, the government had imposed a stock limit of 3,000 tonnes on these wheat players till March 2024

Aug retail inflation eases to 6.83%; IIP growth for July comes at 5.7%

Rural inflation was on the higher side at 7.02 per cent, compared to urban inflation at 6.59 per cent in August

India's August retail inflation eases to 6.83%, but still above RBI band

Industrial output growth surged to 5-month high in July

WPI-based inflation increases slightly to -0.52% in Aug vs -1.36% in July

WPI-based inflation is in the negative territory for the fifth month in a row

With aim to provide quality electricity, Rajasthan to beef up energy infra

Power distribution companies (discoms) have appealed to electricity consumers to control their power consumption

Indian oil firms explore using stranded $600 million to buy Russian oil

This is at a time when Russia has emerged as the top crude oil supplier to India, accounting for more than a third of all purchases New Delhi makes from overseas

India to be exporter of renewables equipment, solar mfg to touch 100GW

"We aim to create India as a leading global supplier of renewable energy (equipment)," New & Renewable Energy Secretary Bhupinder Singh Bhalla said at a CII event here

India's outward FDI falls 33% sequentially to $1.2 bn in Aug: RBI data

Debt commitment falls to $269.3 mn in August from $607.5 mn in July

India rice production might fall by 2 mn tonnes due to dry Aug, says USDA

The 2023-24 production includes kharif rice production, rabi rice and also rice that is produced in the summer months

Centre slashes solar imports from China as domestic manufacturing thrives

This strategic shift, coupled with the imposition of tariffs, underscores India's determination to minimise dependency on imports and prioritise the development of its domestic manufacturing capacity

India, Russia explore development of Northern Sea Route for logistics

Russian President Vladimir Putin has welcomed the announcement, and said at the eastern economic forum on Tuesday that there is nothing about the project that could harm Russia in any way

India, EU officials to discuss New Delhi's concerns over carbon border levy

India and the EU established a Trade and Technology Council (TTC) last year, the trade bloc is prepared to engage with India on potential challenges the latter could face due to CBAM's implementation

IT companies' forex revenue exceeds earnings of other manufacturers in FY23

According to data, the combined forex revenue of listed IT companies grew by 20.7 per cent to reach Rs 5.14 trillion in FY23

Delisting from futures doesn't have big impact on price movement in chana

Chana futures have been banned from August 16, 2021

RBI decides to include corporate bond under Held to Maturity category

Move to deepen corp bond market

India not considering import tax incentives for Tesla, says Piyush Goyal

Musk-led firm plans to source parts worth $1.9 billion from India this year, says Goyal

What more can India do to win over the Big Three sovereign rating agencies?

A high sovereign credit rating can raise a country's star among the global investor community; a low rating, indicating doubts over ability to repay debts, increases its financing costs

Global Biofuel Alliance can turn India into export hub for SAF: Puri

India has enough feedstock, 1 percent blend will benefit 5 lakh farmers, Union Minister Hardeep Singh Puri told Business Standard