Page 585 - Economy & Policy News

As India pushes to make rupee international, UCO Bank is in a sweet spot

State-owned lender aims to use its experience in facilitating trade with Iran

World's first flex fuel car will launch in India today: Why this matters

Aa new 100% ethanol-fueled variant of Toyota's Innova will launch today and it will run on 100 per cent ethanol.

Raw sugar heads toward two-month high on concern over Indian exports

"Indian exports for the coming season look more likely they will be canceled, at least until after the election," said Michael McDougall, managing director at Paragon Global Markets

India's farming input inflation saw marginal dip in last few months

WPI-based food inflation remained subdued since November last year, but rose in July, higher than the consumer price index inflation at 11.51 per cent

Monthly income of food delivery workers fell 11% over 3 years: NCAER

NCAER study shows real income of long-shift workers fell 11.1% in 3 years due to inflation and increased share of fuel costs

Ministries should be realistic in budgeting for this and next year: Govt

The Finance Ministry is expected to bring out the budget circular in the first week of September. The pre-budget meetings will start in October

Plastics exports decline 15% in July to $956 mn on lower demand: Plexconcil

Flexible Intermediate Bulk Containers (FIBC), plastic raw materials, packaging items, plastic films and sheets, and plastic writing instruments and stationery witnessed a major decline in exports

No impact on company's basmati exports from price limit: LT Foods

LT Foods Ltd on Monday said the government's decision to impose a minimum export price on basmati rice at $1,200 per tonne will not impact the company's outward shipments

FSDC-SC commits to remain vigilant against any build-up in vulnerabilities

The vigilance extends particularly to potential repercussions stemming from global influences in a continuously evolving and unpredictable global landscape

Adani energy arm pursuing over $1 billion capital expenditure programme

By the financial year 2024-25 (FY25), Adani Electricity Mumbai (AEML)'s capacity is set to go up to 5000 MW

Central govt's restrictions on rice exports puts wheat and sugar in focus

The curbs on rice now cover all varieties that the South Asian nation ships to overseas markets, further tightening global supply

Sugar body ISMA seeks 5% GST on flex-fuel vehicles in line with EVs

Sugar industry body ISMA on Monday sought GST rate of 5 per cent for vehicles using flex fuels, same as that on electric vehicles

India's current account deficit seen falling to $10 bn in Q1: India Ratings

Imports are expected to be around $163 bn during the period, up from a seven-quarter low of $160.3 bn witnessed in Q1 FY24, due to increase in crude prices since July

Over 15 mn jobs created across 9 sectors under Modi govt: Bhupender Yadav

Union Minister for Labour and Employment Bhupender Yadav on Monday said more than 1.5 crore jobs have been created in nine organised sectors, including IT, manufacturing, trade and transport

PM Modi weighs continuing free grains program into Lok Sabha polls 2024

The proposal involves continuing a $24 billion program by another six months to June 2024, said the people who asked not to be identified as the discussions are private

Tourism expected to create 130-140 mn jobs by 2030: PM Modi at Rozgar Mela

Addressing the 'Rozgar Mela', PM Modi said India is set to emerge among the top three economies in the world in this decade and bring benefits to the common man

E-commerce, FMCG demand for electric vehicles doubles in FY24

Companies are also increasing their focus on electric commercial vehicles to save fixed operating costs and reduce logistics costs

India is the solution to global supply-chain issues: PM Narendra Modi

Urges nations with critical minerals to see custodianship as 'global responsibility'

Sugar mills lay down plan for 50% ethanol blending with petrol by 2030

The plan envisages a cumulative investment of Rs 50,000 crore in ramping up distillation capacity

India, UK to continue free trade agreement negotiations till Aug-end

While expressing satisfaction over the last 12 rounds of negotiations wherein several chapters have been finalized, both nations exuded confidence that next round of talks to be similarly successful