Page 627 - Economy & Policy News

Govt to sell tur dal from buffer stocks to millers for augmenting supply

The quantities being auctioned and the frequency will be calibrated on the basis of the assessed impact of the disposal on the availability of tur to consumers at affordable prices

Futures ban hurts farm produce firms using exchange platform to hedge risks

Companies say farmers have lost an important and certain source of income because of the suspension

Tomatoes disappear from kitchens as prices soar, vendors blame rains

Local vendors are selling tomatoes in the price range of Rs 80 to Rs 120 per kg, depending on the quality and the localities

Recovery underway in financial sector, upgrades of 4 institutions: S&P

The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects

How better cyber sense, zero trust can help overcome the new 'CEO scam'

According to the recent PwC report, CEOs of Indian companies are increasing cyber investments, adjusting supply chains, and changing their physical footprint in response to geopolitical conflict

Market size of India's online retail sector likely to touch $325 bn by 2030

The report said that India boasts a digitally savvy consumer base of 220 million online shoppers, further driving the growth of e-commerce

How cheaper crude oil from Russia has changed India's fuel trade matrix

Since India is a key supplier of refined petroleum products, this has changed the pecking order of key export destinations

RBI changes settlement, T-Bill auction date due to Bakri-Eid holiday shift

Auction for Govt of India T-bills, earlier set for June 29, will now be held on June 28, with settlement taking place on June 30

GeM's provision of penal interest on delayed payments to start from July

In 2020, the government decided to levy a 1 per cent penalty on government departments and agencies for delayed payments to vendors selling goods on the GeM platform

Road network grows 59% in 9 yrs to become second largest in world: Gadkari

India's road network stood at 1,45,240 km today compared to 91,287 km in 2013-14, the Road, Transport and Highways Minister said

Decision to cut import duty on US apples to harm Himachal farmers: Cong

Kuldeep Singh Rathore demands that Union government should immediately withdraw the decision and so as to save the apple industry of Himachal Pradesh which supports the economy of the State

War shadow on Bengal foundries as stocks pile up, economies slow down

Export orders have been slowing down since Jan, impacting SMEs and depriving workers of overtime pay, a crucial wage component

Centre to release tur from national buffer till imported stocks arrive

The order has also made it mandatory for entities to declare the stock position on the relevant portal of the Department of Consumer Affairs

Non-ferrous industry earnings to remain under pressure in FY24: Icra

Due to global macroeconomic uncertainties and weaker-than-earlier expected recovery in Chinese demand

World MSME Day 2023: Date, Theme, Celebration, Essential Facts about MSME

This celebration of World MSME Day is to create market opportunities in both domestic and global markets, promote regional development, reduce regional disparities

Tomato prices soar across country due to supply dip, cost Rs 80-100 per kg

Tomato prices have also skyrocketed in the southern state of Karnataka and its capital city Bengaluru as incessant rains have damaged the crop and made transportation difficult

Rupee climbs to 81.96 against US dollar after gains in domestic equities

The domestic currency opened higher at 82.02 against the dollar at the interbank foreign exchange market. It moved in a tight range of 81.95 to 82.02 in the early trade

Tier-2 city consumers spend 16% of income shopping online: CMR study

Tier-II cities, including Guwahati, Coimbatore and Lucknow amongst others, lead in terms of time spent on online shopping

Centre to release draft Digital India Bill for consultation in next 15 days

The bill was due to be released last month but was delayed due to the need for fresh consultations with experts on topics like fact-checking and misinformation

India's current account balance likely turned to surplus in Jan-March: Poll

The latest survey of 22 economists showed the current account balance likely recorded a surplus of $3.3 billion, or 0.4% of gross domestic product (GDP), in the last quarter of the 2022/23 fiscal year