Page 641 - Economy & Policy News

Retail inflation cools to over two-year low in May; IIP growth recovers

Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April

Seeds of stagnation in Bt cotton: Can newer variants impact productivity?

Manufacturers said deferrals in introducing newer variants will seriously impact productivity

Rupee-kyat trade arrangement negotiations may conclude by Jun-end: Myanmar

Early May, Adani Ports and Special Economic Zone (APSEZ) had said that it had concluded the Myanmar Port sale for a consideration $30 million

India's inflation is higher than other key developing economies, shows data

In its outlook on inflation last week, the RBI maintained that the headline inflation is to be shaped by food price dynamics

Incentives on cards to increase LPG cover in remote, inaccessible areas

This includes hilly regions, forests, tribal inhabited areas, sparsely-populated places, disturbed areas, islands and Left Wing extremism (LWE)-affected areas

India's GDP reaches $3.75 trillion-mark in 2023, says Finance Ministry

CEA says it's time to catch up with the pre-pandemic trend

India, UAE looking at ways to expand trade in value-added gold products

India and the UAE are looking at ways to increase trade in value-added gold and gold products, Commerce and Industry Minister Piyush Goyal said

DGCA eases norms for Indian carriers launching new foreign destinations

Current 33-point checklist pruned to 10 points related to airlines' preparedness for intended operations

India-UAE aim to double non-oil trade to $100 bn by 2030: Piyush Goyal

Joint committee of officials from both sides to review terms of CEPA, which came into force on May 1, 2022

Centre imposes stock limits on wheat till March 2024 to check prices

The government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The ban on wheat exports will continue

Govt transfers Rs 1.18 trn as third instalment of tax devolution to states

The size of the instalment to the states is also a reflection on the Centre's revenues

Retail inflation eases to 4.25% in May; April IIP rises 4.2% vs 1.1% in Mar

It was for the second month in a row that retail inflation remained within the RBI's comfort zone of below six per cent

Tendu leaves worth Rs 515 crore disbursed to collectors in Chhattisgarh

The target is to collect 1.67 million standard bags of tendu leaves by the end of this year

Power Min asks imported coal-based plants to run full capacity till Sept 30

The Ministry of Power extended time period of its direction to thermal plants using imported coal to operate full capacity by three-and-a-half months till September 30

India, UAE central banks discuss rupee-dirham trade progression: Goyal

Discussions between the central banks of India and UAE on promoting trade in rupee and dirham to reduce transaction cost is progressing at a "very" fast pace

Centre releases Rs 1.18 trillion as tax devolution to state govts

The government is releasing an additional advance installment to the states in this month

Online banking frauds see huge rise in Delhi post Covid-19 lockdown

The Delhi Police received 5,294 complaints related to debit-credit card and SIM swap frauds in 2022 against 2,483 in 2021

Govt releases 3rd instalment of tax devolution of Rs 1,18,280 cr to states

The Centre on Monday released the third instalment of tax devolution to states amounting to Rs 1,18,280 crore, as against normal monthly devolution of Rs 59,140 crore

India's soybean imports to drop in 2022-23 on higher domestic output

Releasing the estimates, the Soybean Processors Association of India (SOPA) said domestic production is pegged at 124.11 lakh tonnes during the 2022-23 oil year

South Indian women outnumber men in availing of loan for street vendors

According to urban affairs ministry, of the total number of beneficiaries (3.6 million) of the scheme in the country, 2.13 million are men and 1.5 million are women