Page 598 - Economy & Policy News

Rice prices soar to highest since 2008 on rising threats to supply

Rice is vital to the diets of billions of people in Asia and Africa, and the surge in prices could add to inflationary pressures and boost import bills for buyers

Erstwhile SCES held 2 meetings since its formation: Rao Inderjit Singh

The committee also advised re-examining the data of the Annual Survey of Industries (ASI) 2017-18 for specific cases before finalising the results

Cabinet clears changes to laws to levy 28% GST on online gaming, casinos

The amendments will also provide for blocking access to online gaming platforms located overseas in case of failure to comply with registration and tax payment provisions

T-bills demand softer than previous week on caution ahead of MPC outcome

Meanwhile, government bond yields inched up slightly, tracking a rise in US Treasury yields

Doing a second job? You may be under I-T department's lens for moonlighting

In the first phase, I-T department has sent notices to people with an average undeclared payment between Rs 5 lakh and Rs 10 lakh

Toy exports up 60% to $326 mn from FY19-FY23: MoS informs Parliament

"As a result of various steps taken by the government, the volume of import of toys into the Indian market has shown a consistently decreasing trend," MoS said in a written reply to the Lok Sabha

Rice prices soar to highest since 2008 on rising threats to supply

Rice is vital to the diets of billions of people in Asia and Africa, and the surge in prices could add to inflationary pressures and boost import bills for buyers

Low income group consumers' sentiments buoyant about Indian economy : study

However, despite the increase in their income the consumers are highly cautious when it comes to non-essential spending, the study said

India to offer 5 million tons wheat to bulk consumers to cool prices

The country has adequate stocks of wheat and rice which the government can release on the open market to stabilise prices, Food Secretary Sanjeev Chopra said

Controlling inflation will depend on monsoon, vegetable prices

In July, monsoon rains were almost 13% more than normal across India. In the entire monsoon season between June 1 and August 7, rainfall across India has been 2% above normal

India's anti-dumping duty impositions drop amid post Covid-19 shift

The Indian government's stance on anti-dumping duties has seen a decrease in the acceptance of recommendations from the DGTR, particularly concerning goods from China

SEBI report: Number of appeals filed in SAT rose to record 1,192 in FY23

The Securities and Exchange Board of India (Sebi) investigated 144 cases in the financial year 2022-23 (FY23) compared to 59 in the previous year

Govt might lift the ban on white rice export soon as production increases

In September last year, India imposed a ban on broken rice exports and put a 20 per cent export tariff on non-basmati and non-parboiled rice, aimed at improving domestic supplies

India's grain stockpiles crucial to PM Modi's pre-election strategy

Modi and his ruling Bharatiya Janata Party, campaigning to be re-elected for a third term, are facing widespread frustration about rising prices, a concern that has brought down past governments

RBI likely to keep rate and policy stance unchanged to control inflation

The RBI is likely to retain its "withdrawal of accommodation" stance introduced in April last year, according to 19 of 20 economists who shared their forecast on the stance

India's July inflation likely breached RBI's 6% upper tolerance level: Poll

The Aug. 3-8 Reuters poll of 53 economists predicted the consumer price index (CPI) rose at an annual rate of 6.40 per cent in July

Govt lost Rs 1 trn in taxes in FY21 due to corporate tax cut: MoS Fin

The government lost a little over Rs 1 trn in 2020-21 on account of a cut in corporate taxes, Minister of State for Finance Pankaj Chaudhary said on Tuesday

With operating ratio of 107.39%, Rlys couldn't make surplus in FY22: CAG

The report states that there was a loss of Rs 68,269 crore in all classes of passenger services during 2021-22. The auditor, however, said that this loss had decreased as compared to previous year

First trial shipment of fresh pomegranate exported to US: Commerce ministry

Buoyed by the acceptance of Indian mangoes in the US, exporters are hopeful that pomegranate would also become a successful product there

Five states raise Rs 5,250 crore through an auction of govt paper

The Reserve Bank of India (RBI) data showed that Telangana raised the highest amount of Rs 2,000 crore through two bonds