Page 664 - Economy & Policy News
Missed opportunity: India far behind in race for electronics exports to US
India's failure to grab the opportunity is reflected in the fact that its share of US electronics imports was an abysmal 0.8 per cent in 2022
 "Missed opportunity: India far behind in race for electronics exports to US")
Netherlands emerges as India's third largest trading partner in 2022-23
The Netherlands has emerged as India's third largest exports destination after the US and UAE during 2022-23 on account of a surge in shipment of goods such as petroleum products, electronic items
 "Netherlands emerges as India's third largest trading partner in 2022-23")
Good earning season bring FPIs to India, Rs 23,152 cr investment in May
Foreign investors have shown strong buying interest in Indian equities in May and invested more than Rs 23,152 crore in the first fortnight
 "Good earning season bring FPIs to India, Rs 23,152 cr investment in May")
India can cut energy import bill by using 10% of coal bed methane: Experts
India can cut its energy imports bill by $2 billion if the nation harnesses 10 per cent of the coal bed methane reserves of 2,600 billion cubic meters, said experts
 "India can cut energy import bill by using 10% of coal bed methane: Experts")
Changes in anti-money laundering law can impact foreign investment: CAs
Chartered accountants are seeking clarifications on the finance ministry's recent notification on extending the ambit of anti-money laundering law as it can adversely impact ease of doing business
 "Changes in anti-money laundering law can impact foreign investment: CAs")
FPI bought equity worth Rs 18,617 crore in May, says V K Vijayakumar
In May, foreign portfolio investors (FPI) bought equity for Rs 18,617 crore
 "FPI bought equity worth Rs 18,617 crore in May, says V K Vijayakumar")
Commerce min reviewing existing guidelines for elections of EPCs, FIEO
The commerce ministry has decided to review the eligibility criteria for the election of office bearers of export promotion councils (EPCs) and apex exporters body FIEO to make them more inclusive
 "Commerce min reviewing existing guidelines for elections of EPCs, FIEO")
Blueprint for a $1-trillion Uttar Pradesh economy in 5 years is ready
"The blueprint has given major thrust on agriculture since Uttar Pradesh is an agrarian economy," a senior official said
 "Blueprint for a $1-trillion Uttar Pradesh economy in 5 years is ready")
Developing nations need to provide digital solutions for citizens: FM
Addressing G7 meet in Japan, Sitharaman highlighted that access to digital connectivity has empowered people and there is a need to discuss ways to measure empowerment going beyond GDP indicators
 "Developing nations need to provide digital solutions for citizens: FM")
Power Ministry asks CERC to consult before drafting, changing rules
The ministry has said it is issuing this as there have been several instances where it had to intervene to the CERC for change in regulations
 "Power Ministry asks CERC to consult before drafting, changing rules")
Dish TV reports Q4 net loss at Rs 1,720.62 cr, revenue down to Rs 504.8 cr
The company had reported a net loss of Rs 2,031.99 crore in the January-March quarter a year ago, Dish TV said in a BSE filing
 "Dish TV reports Q4 net loss at Rs 1,720.62 cr, revenue down to Rs 504.8 cr")
Low inflation shows RBI Policy is effective: Governor Shaktikanta Das
The impact of the recent unseasonal rain and hailstorms, however, needs to be watched
 "Low inflation shows RBI Policy is effective: Governor Shaktikanta Das")
CPI inflation dips to 18-month low of 4.7% in April; IIP slows to 1.1%
Food inflation fell to a 17-month low of 3.84 per cent in April from 4.79 per cent in March
 "CPI inflation dips to 18-month low of 4.7% in April; IIP slows to 1.1%")
Capex by large state-run firms jump 121% to Rs 53,000 crore in April
Expenditure cycle of NHAI, petroleum CPSEs off to a strong start
 "Capex by large state-run firms jump 121% to Rs 53,000 crore in April")
Govt to spend $1.2 billion on modernising semiconductor lab in Mohali
Action is part of govt's $10 bn Semiconductor Mission of 2021; Centre sees chip market in India growing at 22% CAGR, reaching Rs 9 trillion or 10% of global market by 2030
 "Govt to spend $1.2 billion on modernising semiconductor lab in Mohali")
CA, company secys fret over increased compliance burden under new PMLA
Transactions carried out by practising CAs, CSes, and CMAs on behalf of their clients under the scope of PMLA
 "CA, company secys fret over increased compliance burden under new PMLA")
Retail inflation eases to 4.7% in April; March IIP falls sharply to 1.1%
The food inflation also eased to 3.84% in April
 "Retail inflation eases to 4.7% in April; March IIP falls sharply to 1.1%")
Rajasthan govt to spend Rs 180 crore to promote small biz, generate jobs
The scheme was officially launched in December 2019, and so far hundreds have availed of the benefit of the scheme
 "Rajasthan govt to spend Rs 180 crore to promote small biz, generate jobs")
Vegetable oil imports up 21% to 8.1 MT in 6 months: Industry body SEA
Vegetable oil imports up by 21% to 81.10 lakh tonnes in first six months of the current oil year, driven by increased shipments of refined palm oil which is a cause of concern, industry body SEA
 "Vegetable oil imports up 21% to 8.1 MT in 6 months: Industry body SEA")
India's April palm oil imports slump 30% to 14-mth low as preference shifts
Sunoil imports in April surged 68% from a month ago to 249,122 00 tonnes, while soyoil imports edged up 1.4% to 262,455 tonnes
 "India's April palm oil imports slump 30% to 14-mth low as preference shifts")