Page 616 - Economy & Policy News

Inflation likely rose to 4.58% in June on higher food prices: Reuters poll

"We believe the RBI will tolerate a supply-side driven rise in food inflation as long as core price pressures continue to ebb within the bank's tolerance band," said Alexandra Hermann

Hard to imagine gas-led economy based only on domestic supply: PNGRB Chief

The regulator for the downstream energy sector has pitched an imported gas-based regime

Soaring vegetable prices can tip delicate inflation balance: Economists

However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank

Top headlines: GST council meet on July 11, India Inc Q1 profit may rise

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Rupee to climb after dollar's fall on weaker than expected US jobs data

Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to the U.S. dollar, compared with 82.74 in the previous session

Crude oil eases ahead of China, US data, but OPEC+ cuts limits slide

Brent crude futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%

CII business confidence index rebounds on capital expenditure push

Capex, domestic drivers & financial system to drive growth in FY24: CII

India's natural gas ambitions tripping even though imported LNG prices fall

The slowdown could impact India's net zero targets

Restaurants watching tomato prices closely, yet to increase prices

Another problem for restaurants is the availability, owing to the crop being damaged

Govt to offer Rs 75,000 cr power transmission projects to private firms

Last month, the National Committee on Transmission (NCT) convened with a draft agenda of projects worth Rs. 64,000 crore

IPEF may bring 3-year exit clause to allow members to move out of deal

To enable easy exit of members from a pact

Piyush Goyal to visit UK for FTA negotiations, review progress of TEPA

India and the UK began negotiations on the FTA in January 2022, and set a Diwali deadline last year for the trade pact

India may not hit ambitious electronics export target for FY26, says ICEA

Electronics exports: Forget China, long way to go for India to catch up with Vietnam, Malaysia

Positive momentum in Q1 business indicators like GST collection: CII survey

Notably, 65 per cent respondents are of the view that the fresh sightings in private investment will be sustained in the current fiscal

Govt plans to hire agency to estimate actual size of digital economy

The agency will need to submit the draft report on estimation of the size of the digital economy and projections from the current financial year till 2029-30 to Ministry of Electronics and IT

Russia oil discount to India shrinks to $4, delivery charges remain opaque

Following Moscow's invasion of Ukraine in February last year, Russian oil was sanctioned and shunned by European buyers and some in Asia, such as Japan

India could become a magnet for foreign direct investment: Martin Wolf

'The global environment is more dangerous and chaotic than prior to 2007, but for India, it also offers opportunities', says Wolf

Top headlines: Rail freight's 1st dip after Covid, Kharif sowing falls 9%

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Govt has put in eco-system for development of Green Hydrogen: Hardeep Puri

Hardeep Puri said," We have a natural advantage in producing Green Hydrogen as we have an abundance of solar energy and investments in our power grid

Uttar Pradesh govt plans to set up micro dairies of Indian cow breeds

The state has also dealt with illegal slaughter houses and cattle smugglers with an iron hand