Page 658 - Economy & Policy News

El Ninos cost trillions of dollars with lasting economic scars: Study

The natural burst of El Nino warming that changes weather worldwide is far costlier with longer-lasting expenses than experts had thought, averaging trillions of dollars in damage, a new study found

Rajasthan govt to disburse Rs 22,000-cr interest-free crop loans in 2023-24

Agriculture and its allied sectors contribute over 28 per cent to the state's GSDP

Centre unlikely to undertake any new PSU disinvestment in 2023-24

Disinvestment could resume after 2024 general elections

India-focused offshore funds, ETFs inflow drop 9% to $803 mn in Q4

Through the quarter ended March 2023, their asset base declined by 1 per cent to USD 42.4 billion from USD 42.9 billion recorded in the previous quarter

Tax bodies must ensure fast closure under trader amnesty scheme: CBIC

The scheme was announced by the DGFT in the Foreign Trade Policy on 31 March and is set to benefit 2,500-3,000 exporters

A reality check for Indian oil product exports amid international sanctions

EU's threat to sanction India for exporting petroleum products to its member-nations based on cheap Russian crude will not be an existential risk

Exports to EU worth $1.3 bn to be impacted by deforestation rule: GTRI

It also said that the regulation's compliance costs and discriminatory nature are concerns, as they may disadvantage smaller firms in the global agricultural trade arena

FinMin applies amnesty scheme for traders failing to meet export obligation

The authorisation holder choosing to avail this scheme will have to complete the customs duty payment by September 30, 2023

E-Commerce: Are open digital markets the next big thing in India?

Unbundling e-commerce in India could upend billions of dollars of investment

Mobile wallets market in India to surpass $5 trn in 2027, says GlobalData

UPI has become one of the most preferred methods for day-to-day payments, said the report

NCDs responsible for maximum out-of-pocket expenditure on health: Govt

Non-communicable diseases are responsible for maximum out-of-pocket expenditure on health, and economic output lost due to them, excluding mental conditions, is estimated to be 3.55 trillion

Americans 'very keen' to transfer nuclear energy tech to India: Power Secy

The US is very keen to collaborate with India in the area of technology transfer on the nuclear energy front, a senior government official said on Wednesday

EV penetration: At 1.1%, India is far behind Asian average of 17.3%

The countries covered in the region include China, Japan, South Korea, India, Indonesia, Malaysia, the Phili­ppines, Singapore, Thailand, Vietnam, the greater China region, and Pakistan

Satcom spectrum auction: DoT likely to nudge Trai for recommendations

Stakeholders can still make suggestions via the consultation paper

India remains a bright spot, likely to grow 6.7% in 2024: UNDESA report

UN retains CY23 forecast at 5.8%; investment, exports to remain weak

Cabinet okays revised IT hardware PLI scheme with Rs 17,000-cr outlay

Move to boost local production of tablets, laptops

Cabinet approves Rs 38,000-cr subsidy for non-urea fertilisers this kharif

Centre likely to spend Rs 1.08 trn overall on subsidy this Kharif season

Goldman Sachs sees remittances keeping CAD lower in 2023: Report

Despite an improved external situation, Goldman expects rupee to underperform Asian peers

Govt approves revision in NBS rate for Rabi season, sets rate for Kharif

Mandaviya also stated that the reduction in fertiliser subsidy of Rs 1.08 trillion for the Kharif season (April-September) will not lead to higher prices for the farmers

PM Modi to chair NITI Aayog's Governing Council meeting on May 27

PM will chair NITI Aayog's Governing Council meeting on May 27, and issues related to the economy, agriculture and health are expected to be taken up for discussions, according to official sources