Page 609 - Economy & Policy News

Taiwan seeks investment beyond chips, to strengthen ties with India

Taiwan has also decided to set up its third consular office in Mumbai as demand from the region grows

G20: India looks to forge alliance on fuels of future & climate finance

Among the fuels of the future are biofuels and hydrogen. India has already announced the creation of a Global Biofuel Alliance (GBA), of which the US would be the founding member

Satcom spectrum allotment: Prefer auction for allotment, says DoT

DoT officials were quoted as saying that satcom airwaves should be given to the highest bidder since several firms are trying to enter the market

A 700% jump in tomato prices creates windfall for some Indian farmers

Retail prices of tomatoes were at 178 rupees ($2.20) a kilogram in Delhi on Sunday, a jump of more than 700% from Jan. 1, according to data compiled by the food ministry

MoSPI kicks off work for CPI base revision after over a decade: Report

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12

May go back to GST council on online gaming regulatory framework: MoS IT

Amid the online gaming industry raising concerns over the levy of 28 per cent GST, Union minister Rajeev Chandrasekhar on Monday said the government may request the GST Council

Developed economies under stress, there is demand slowdown: Goyal

The developed economies are under stress, and there is a demand slowdown in the world market, Commerce and Industry Minister Piyush Goyal on Monday said amid a dip in the country's exports

India may prefer Middle East crude as Russian oil becomes costly: Report

India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago after the war prompted other countries to shun the OPEC+ producer

TN calls topping export preparedness index proof of its pro-biz climate

Tamil Nadu's electronics exports posted almost a two-fold increase in electronic exports from $1.86 billion in 2021-22 to $5.37 billion in 2022-23

Need to grow at 7.6% to be a developed nation by 2047-48, says RBI

Sustainable path to development requires investment in physical capital & comprehensive reforms across sectors covering education, infrastructure, healthcare & technology to raise productivity: Study

FDI moderates to $ 12.2 billion in Apr-May 2023: RBI monthly bulletin

Gross FDI had moderated from $ 84.8 billion in Fy22 to $ 71.4 billion in Fy23

Tomatoes highly perishable, price spike short-lived: RBI bulletin

Additionally, the bulletin highlighted that studies indicate that changes in wholesale prices have a relatively minor impact on the difference between wholesale and retail prices

As food prices spiral, fight against inflation not over: RBI report

CPI-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation

G20: US talks higher private investment to spur India's energy shift

Yellen backs reforms to multilateral development banks

135 million escaped poverty in five years, says NITI Aayog report

The report also highlighted that the Centre's welfare support during the peak of the Covid pandemic helped reduce the incidence of multidimensional poverty

OIS rates fall as US Fed seen the end of interest rate hike cycle

Earlier, traders were expecting the central bank to cut the repo rate, starting February

Outward remittances surge to $ 2.9 billion in May, shows RBI data

People in India spent close to $1.5 billion on international travel in May, against $1.10 billion in April

Goyal launches sale of subsidised chana dal under 'Bharat Dal' brand'

According to an official statement, Goyal launched the "sale of subsidised chana dal under the brand name 'Bharat Dal' at the rate of Rs 60 per kg for one kg pack and Rs 55 per kg for 30 kg pack"

How fuel price mirage has eroded India's credibility among investors

Lack of oil pricing reform is yielding supernormal profits for state-owned companies but hindering global majors from investing

Manufacturing sentiment positive in first quarter, shows Ficci survey

In the fourth quarter of FY23, 55 per cent of the respondents reported higher production levels