Page 655 - Economy & Policy News

India's goods exports may see a marginal impact from Germany recession

But exports may contract in FY24 due to worsening external situation in FY24

India's forex reserves snap 3-week rise, ease from near 1-year high

Forex reserves decreased $6.05 billion from the previous week, after rising by a total of $15.3 billion in the prior three weeks

Services sector to drive GDP growth to 4.9% in Q4 FY23, says Icra

Domestic rating agency Icra expects GDP growth in January-March period of 2022-23 at 4.9 per cent, a modest step-up from the 4.4 per cent recorded in preceding quarters, driven by the services sector

Rajasthan govt promotes manufactured sand as easy alternative to river sand

The demand for river sand in the state is around 70 million tonnes a year

Govt plans to link tax collected at source with tax deducted at source: CEA

Generally, TCS is the tax collected by a seller at the time of sale of goods or services while Tax Deducted at Source (TDS) is the amount levied as tax by the government

Govt's rice procurement reaches 52.06 MT so far; pays Rs 1.6 trn MSP

The government's rice procurement has reached 52.06 million tonnes so far in the ongoing 2022-23 marketing season, benefitting 1.12 crore farmers with MSP of Rs 1.6 lakh crore, the food ministry said

Govt plans PLI for chemicals used in pharma, other industries: Mandaviya

Mandaviya asked pharma-medical devices industry to focus on manufacturing quality products at an affordable rates to compete globally, and announced plans to bring PLI scheme for basic chemicals

Exports to Germany may get impacted as it enters recession: Traders

With German economy contracting for two consecutive quarters, exports from sectors such as footwear and leather to European Union nation are likely to be impacted adversely, according to exporters

On the job: India's poorer states progress in creating employment

Their momentum may shape how India manages it unemployment problem

India witnessing snowball effect; set to see exponential growth: WEF prez

India is expected to clock the highest growth among the world's big economies this year and the country's economy is witnessing the "famous snowball effect"

India's 'mini-demonetisation' may have political motivations: Chris Wood

India will see a series of state polls this year and a general election in 2024

Workers stuck in vicious cycle of coal, heat to keep power grid standing

To cope with increasingly brutal temperatures, India has to keep its power grid standing- and for now that means digging up ever expanding quantities of the dirtiest fossil fuel

Withdrawal of Rs 2000 notes: India once again makes money a plaything

Sovereign cash should have no room for questions

India appeals to the void in WTO dispute over ICT tariffs on mobile phones

A trade expert said India's appeal only against the Japan case and not against the EU one could be to avoid EU retaliation

Modi govt at 9: As 2nd innings nears close, some unfinished business

As the Narendra Modi government enters the final year of its second term, here's a look at some projects that are hanging fire

Don't see another US Fed rate hike soon, says CEA V Anantha Nageswaran

Steel, cement sectors in India ready for greenfield investment, says Nageswaran

Govt caps amount of interest subvention at Rs 10 cr per IEC holder

The government on Thursday capped the amount of interest subvention at Rs 10 crore per IEC (import-export code) holder in one financial year

Global uncertainty casts shadow on India's FDI inflows in FY24: Experts

Country's strength to attract global investments remains intact, they say

Centre further raises 2023 wheat production estimate to 112.74 mt

The purchases though are much higher than last year's multi-year low procurement of around 19 million tonnes

Modi govt at 9: Social goals to economic targets, here're hits & misses

The pandemic has weighed on growth in recent years and has worsened government finances. A lacklustre performance on trade may also have contributed to slower overall growth