Page 683 - Economy & Policy News

I-T Dept notifies Cost Inflation Index for current FY for computing LTCG

The Cost Inflation Index (CII) is used by taxpayers to compute gains arising out of sale of capital assets after adjusting inflation

Why is growing rice becoming a challenge with each passing year

India being one of the major players in the world rice markets can't remain untouched with the weather and other challenges that the crop faces every year

Core inflation still elevated despite muted demand, easing supply situation

Some economists believe that firms are using the excuse of supply disruptions, earlier due to Covid-19 and now the Russia-Ukraine war, to increase prices, calling it 'excuseflation'

Cost of Iraqi oil to India drops as competition from Russia bites

The price of crude from Iraq averaged $76.19 a barrel, compared with $78.92 in January, according to data published by India's ministry of commerce and industry

India remains top destination for Russian Urals oil in April: Report

Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freight rates are also helping keep supplies elevated

CPSEs achieve revised capex target of Rs 6.46 trn in FY23: Govt official

Some firms yet to provide their data for March

Amid tension with China, India looks to Taiwan for high-tech imports

India's overall imports from Taiwan during April-February rose by 34 per cent to $7.5 billion

India's March fuel demand soars to record high on robust economic activity

Consumption of fuel, a proxy for oil demand, rose by 5% from a year earlier to 4.83 million barrels per day (20.5 million tonnes), the highest recorded in data going back to 1998

Coal ministry to hold discussions with coal block allottees on Apr 12

Coal ministry officials will interact with the representatives of captive and commercial coal block allottees on Wednesday to discuss ways to increase coal production and other issues

Rajasthan govt approves Rs 463 cr to strengthen micro irrigation system

Besides, the farmers will be given a 5 per cent interest subsidy on repaying long-term agriculture cooperative loans on time

Centre nudges state govts to speed up PM GatiShakti scheme adoption

The GatiShakti NMP was announced by Prime Minister Narendra Modi one-and-a-half years ago

Govt allows 5 pvt firms for cluster farming with Rs 750 cr investment

Desai Agrifoods, FIL Industries, Sahyadri Farms, Meghalaya Basin Management Agency, and Prasad Seeds are five companies selected for pilot cluster farming through a bidding process

Indian sugar prices climb as production drops amid record demand

Sugar demand rises as consumption of cold drinks and ice cream climbs in India during the summer months that run roughly from April to June

Centre aims for low premium, coverage with new livestock insurance scheme

According to the parliamentary panel's reports, not even a single livestock was insured during 2022-23, whereas in 2021-22, 174,061 animals were insured

Centre to come up with a single trade body to promote exports: Report

Last month, the Centre unveiled its new foreign trade policy (FTP 2023) setting a target of achieving $2 trillion in exports by 2030

Trade talks with UK still on, reports of pause 'baseless': MEA official

In a bid to bring negotiations back on track, the UK Home Office is planning to make an announcement in the coming weeks and a crackdown on Sikh extremists

Trai blocks 120 sender IDs for bulk messaging over Chinese link in 2 months

An investigation by Indian Cyber Crime Coordination Centre (I4C) revealed that the sender IDs were hosted from China

Liquidated damages in certain cases to draw 18% GST, rules Andhra AAR

Such damages are the sum that one party receives when the other party fails to meet provisions of a contract

Inflation may ease in March on softening food prices, says poll

Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices

Gold imports decline 30% to $31.8 billion in April-February 2023

According to industry experts, high import duty on gold and global economic uncertainties are the reason for the dip in the imports of the precious metal