Page 596 - Economy & Policy News

G20: FM calls for global efforts to restructure poor countries' debt

She added that New Delhi has ensured that so far the geopolitical differences do not supersede international cooperation which is the core mandate of the G20 grouping and the summit

India's Russian crude oil buying spree continues even as prices climb

India's consumption of Russian crude has soared since last year, with the country becoming a leading supplier, ousting Saudi Arabia and Iraq from the top spots

GBA: India reaching out to non-G20 members before September summit

Russia, Saudi Arabia and China not convinced about joining multilateral initiative

Rural volumes grow for second straight quarter in 2023, shows NIQ data

Consumption increase drove India FMCG growth in June quarter to 12.2%

Monetary policy review: RBI holds rates steady as inflation looms large

Repo rate remains at 6.5%; FY24 inflation forecast up at 5.4%; surprise incremental CRR move to drain out over Rs 1 trillion

Monetary policy review: RBI may seek comfort in Rs 1 trn excess fund

Some market participants believe that it will have little impact on the bond market as it is only applicable for a short period of time

Monetary policy review: Soon, pay up to Rs 500 at a go via UPI Lite

UPI-Lite was launched in September 2022 to reduce transaction failures and optimise processing resources for banks

Monetary policy review: Soon, conversational payments on UPI using AI

Reserve Bank of India (RBI) Governor Shaktikanta Das said that talks are underway with several countries, including Japan, regarding UPI linkage

Monetary policy: RBI to prescribe framework to reset floating rate loans

Pulls up banks for ignoring repayment capacity while elongating repayment period

Digital trade issue continues to be a major cause for concern for India

Govt seeks clarity before joining trade pillar under IPEF

EPFO invested Rs 13,017 crore in ETFs during April-July this fiscal: Govt

Retirement fund body EPFO has invested Rs 13,017 crore in exchange traded funds (ETFs) in the April-July period of the current fiscal year, Parliament was informed on Thursday

Govt moves Bill dropping CJI from EC selection process; Opposition protests

Proposes Cabinet minister in the panel

No-confidence motion: India in unique position of optimism, says FM

'From fragile economy in 2013 to fastest-growing in world today'

Govt to deploy AI, advanced analytics solutions for Passport Seva services

The efforts are part of the Ministry of External Affairs' upgraded Passport Seva Program 2.0, which is being implemented through service partner TCS

Peru looks at exporting avocados, fresh grapes, blueberries, gold to India

The two countries started negotiations for an FTA in 2017

Australia to host Exercise Malabar for the first time from August 11-21

The Malabar series of maritime exercises commenced in 1992 as a bilateral exercise between the Indian and the US navies

RBI move focused on taming inflation, supporting growth: Industry groups

RBI has kept the policy rate unchanged at 6.5 per cent

Parliamentary committee recommends a separate medical devices Bill

According to sources, DCGI has convened a meeting in Delhi on August 10 to discuss matters related to the draft New Drugs, Medical Devices and Cosmetics Bill, 2023

RBI deputy Guv asks banks to double down on recovery efforts, limit losses

Reserve Bank Deputy Governor Swaminathan J on Thursday asked banks to double down on recovery efforts to limit the losses from the write-off of loans, saying it will help them post higher profits.

Indian rural markets growth wavers, sales volumes climb 4%: NielsenIQ

However, inflation eased in April and May, bringing some relief for consumer goods makers like Maggi instant noodles-seller Nestle India