Page 597 - Economy & Policy News
SAT partly set aside Sebi's order against NSE in unlit fibre case
The case relates to the alleged differential access given to certain broking firms in the form of 'dark fibre' at NSE, to connect across the co-location facilities before other members
 "SAT partly set aside Sebi's order against NSE in unlit fibre case")
Indian firms' funding costs from FPIs to rise by up to 40 bps: JPM analysts
He added that costs would increase by about 10 to 20 basis points for Mauritius-based SPVs
 "Indian firms' funding costs from FPIs to rise by up to 40 bps: JPM analysts")
RBI not 'unduly concerned' about Russian investments in G-secs, says Das
Governor Shaktikanta Das on Thursday said the Reserve Bank is not "unduly concerned" about the Russian investments in Indian government bonds
 "RBI not 'unduly concerned' about Russian investments in G-secs, says Das")
RBI's interest rate decision pragmatic, to keep EMIs stable, say experts
The Reserve Bank of India (RBI) left its key policy rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher
 "RBI's interest rate decision pragmatic, to keep EMIs stable, say experts")
May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor
"We have to stand in readiness to go beyond keeping Arjuna's eye to deploying policy instruments, if necessary" to contain inflation, said Reserve Bank Governor Shaktikanta Das on Thursday.
 "May need to go beyond keeping Arjuna's eye to tame inflation: RBI governor")
India starts importing tomatoes from Nepal amid record spike in prices
The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament
 "India starts importing tomatoes from Nepal amid record spike in prices")
High fruit prices may likely increase food inflation further in 2023
The late arrival of monsoon and heavy monsoon rains have impacted crops, which led to higher prices
 "High fruit prices may likely increase food inflation further in 2023")
Tomato woes: MPC pegs inflation at over 6 per cent in current quarter
Inflation unlikely to fall to 4% target even in Q1 FY25; GDP growth projections kept intact
 "Tomato woes: MPC pegs inflation at over 6 per cent in current quarter")
No pin needed: RBI raises payment limit on UPI lite from Rs 200 to Rs 500
The overall limit is, however, retained at Rs 2000 to contain the risks associated with relaxation of two-factor authentication.
 "No pin needed: RBI raises payment limit on UPI lite from Rs 200 to Rs 500")
RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%
"Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Das said
Rupee rises by 5 paise to 82.80 against US dollar ahead of MPC announcement
Investors were trading cautiously ahead of the Reserve Bank's rate-setting panel MPC's monetary policy decision. The MPC meeting started its three-day review meeting on Tuesday
 "Rupee rises by 5 paise to 82.80 against US dollar ahead of MPC announcement")
Rupee eyes RBI monetary policy decision, US inflation data to follow
Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa
 "Rupee eyes RBI monetary policy decision, US inflation data to follow")
Oil prices fall as China woes offset boost from high US fuel demand
Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session
 "Oil prices fall as China woes offset boost from high US fuel demand")
Govt to offload additional wheat, rice via open market to tame prices
On likely cut in wheat import duty, the government said it will take action based on the requirement as things are dynamic and evolving
 "Govt to offload additional wheat, rice via open market to tame prices")
NHAI, Railways on track to achieve 60% of capital expenditure target in H1
Capex by CPSEs touches 35% of target in Apr-July
Bringing Gati and Shakti to development
The planning of the ambitious energy corridor of Indian Railways, for instance, has been done completely on the Gati Shakti principles
 "Bringing Gati and Shakti to development")
In a first, non-trade issue gender equality included in FTA talks
Led by Trade Minister Piyush Goyal, India's approach to FTA talks has seen a perceptible shift
 "In a first, non-trade issue gender equality included in FTA talks")
Incentives for private bus operators to take EV route in the works
China continues to lead the e-bus market, accounting for over 80 percent of global e-bus sales in 2022
 "Incentives for private bus operators to take EV route in the works")
Domestic electronic manufacturing up Rs 8 trn, semicon import at Rs 1 trn
The government is focused on its objective of catalysing the overall semiconductor ecosystem to further expand India's already rapidly expanding electronics manufacturing and innovation ecosystem
 "Domestic electronic manufacturing up Rs 8 trn, semicon import at Rs 1 trn")
GeM enabled govt to save over Rs 45,000 cr since 2016: Commerce ministry
"A hallmark of GeM's success lies in its dedication to cost savings, having enabled the government to save over Rs 45,000 crore since 2016," it said in a statement
 "GeM enabled govt to save over Rs 45,000 cr since 2016: Commerce ministry")