Page 681 - Economy & Policy News
India-Russia relationship among 'steadiest' of major global relations: EAM
He said Russia's resources and technology can make a powerful contribution to India's growth as Moscow is looking more towards Asia and stressed that there is scope to expand bilateral engagement
 "India-Russia relationship among 'steadiest' of major global relations: EAM")
Govt to take up consumer grievances in realty sector at Mumbai roundtable
Real estate accounts for 10% of the total cases in consumer commissions; case pendency has been rising despite separate tribunals for redress such as RERA and NCLT
 "Govt to take up consumer grievances in realty sector at Mumbai roundtable")
India will work with Russia to resolve trade imbalances: Jaishankar
He further said that there is a need to motivate business on both sides
March WPI inflation drops to 1.34%; food inflation slows to 2.32%
WPI inflation: This is the tenth straight month of decline in WPI-based inflation
 "March WPI inflation drops to 1.34%; food inflation slows to 2.32%")
Safe harbour for social media companies likely to become narrower
Digital India Bill may propose making them liable for content from non-verified users
 "Safe harbour for social media companies likely to become narrower")
Economy not falling behind, likely to grow at 6.5% in FY24: Sanjeev Sanyal
According to Sanyal, therefore, India needs to continue to be very vigilant
 "Economy not falling behind, likely to grow at 6.5% in FY24: Sanjeev Sanyal")
The slippery slope of oil exploration keeps India heavily import-dependent
Motorists have taken comfort in frozen pump prices and gas price caps but producers face high taxes, and restrictions on pricing freedom
 "The slippery slope of oil exploration keeps India heavily import-dependent")
MoRTH pumps in Rs 1.3 trn for highways, tunnels in J&K and Ladakh
A total of 41 significant tunnels are being constructed in J&K and Ladakh at a cost of Rs 45,000 crore, while 18 ropeways costing Rs 5,000 crore will be constructed in the UT
 "MoRTH pumps in Rs 1.3 trn for highways, tunnels in J&K and Ladakh")
Power consumption grows 9.5% to 1,503 billion units in 2022-23: Govt data
Power consumption grew 9.5 per cent to 1,503.65 billion units year-on-year in 2022-23, mainly due to higher demand amid a rise in economic activities, showed government data
 "Power consumption grows 9.5% to 1,503 billion units in 2022-23: Govt data")
India sees oil cuts, war impact as biggest risks to economy: FM Sitharaman
She also said possible recessions in the US or other developed countries could be a drag on India by hurting exports, particularly manufacturing
 "India sees oil cuts, war impact as biggest risks to economy: FM Sitharaman")
India-US people-to-people ties to get stronger, better: WH official
Kurt Campbell, the Indo Pacific Coordinator of US National Security Council, also said that the over the years the tow countries have built a "stronger relationship" that will only get better
 "India-US people-to-people ties to get stronger, better: WH official")
Govt policies to boost chemical exports during challenging times: Patel
Minister of State for Commerce and Industry Anupriya Patel on Saturday exuded confidence that continued policy support by the govt and CHEMEXCIL will help sustain the chemicals export growth momentum
 "Govt policies to boost chemical exports during challenging times: Patel")
India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet
She highlighted that conducive domestic policy environment along with the Indian government's focus on structural reforms has kept domestic economic activity in India robust
 "India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet")
5 of India's top 10 destinations for exports witness contraction in March
Among top 10 import origins, only two - Russia and South Korea - see growth
 "5 of India's top 10 destinations for exports witness contraction in March")
India to protect interests of farmers, dairy sector in FTA with EU: Goyal
India will completely protect the interests of farmers and dairy sector in the proposed free trade agreement (FTA) with the European Union, commerce and industry minister Piyush Goyal has said
 "India to protect interests of farmers, dairy sector in FTA with EU: Goyal")
In the old tale of Kabuliwala, there is a South Asia trade mystery
India's business with its neighbourhood is stagnant though it offers better terms than China
 "In the old tale of Kabuliwala, there is a South Asia trade mystery")
Edible oil import rises 8% to 1.135 mn tonnes in March: Industry body SEA
The Solvent Extractors' Association of India (SEA) in a statement said edible oil imports rose to 1,135,600 tonnes in March from 1,051,698 tonnes in the year-ago period
 "Edible oil import rises 8% to 1.135 mn tonnes in March: Industry body SEA")
Foreign exchange reserves jump to 9-month high to $584.76 bn: RBI data
That is an increase of $6.3 billion from the previous week
 "Foreign exchange reserves jump to 9-month high to $584.76 bn: RBI data")
ESAF SFB hikes FD rates, offers up to 9% returns effective from today
The interest rates at ESAF Small Finance Bank (SFB) were raised on deposits of less than Rs 2 cr
 "ESAF SFB hikes FD rates, offers up to 9% returns effective from today")
Opec+ output cuts may add to surging oil prices, IEA sees record high rates
Brent crude futures were up 22 cents, or 0.26%, to $86.31 per barrel at 1046 GMT. West Texas Intermediate crude futures (WTI) rose 21 cents, or 0.26%, to $82.37
 "Opec+ output cuts may add to surging oil prices, IEA sees record high rates")