Page 704 - Economy & Policy News

Oil prices recoup losses after OPEC upgrades China demand outlook

The Organization of the Petroleum Exporting Countries (OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country's COVID-19 curbs

India likely to keep April-Sept borrowing under 60% of FY24 goal: Report

India aims to raise 15.43 trillion rupees ($187.18 billion) from the market in the financial year starting April 1, higher than the 14.21 trillion rupees it raised this year

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms

Top headlines: FPIs seek six more mths from FinMin, 1st India chip fab soon

Business Standard brings you the top headlines at this hour

Monthly old-age pension coverage increased to Rs 1500: Uttarakhand CM Dhami

"The state government is working to provide employment to our youth while also providing better healthcare to the general public," the chief minister added

National highway construction in February at 42 km/day, highest in FY23

National highway development near FY22 levels, but likely to miss target

First India chip fab to be announced in a few weeks: Ashwini Vaishnaw

The government had announced a $10 billion package to incentivise the manufacturing of chips in India in December 2021

Ukraine war: Is India complying with the Russian crude oil price cap?

Uncertainty about how much India pays is part of the murkiness around Russian oil flows more generally, as the trade shifts from the Atlantic basin to Asia and from large traders to smaller entities

Hiring intentions to remain marginally low in Apr-Jun quarter: Survey

Hiring intentions will remain marginally lower during the second quarter (April-June) this year as employers continue to have difficulty in finding people with the right skills, according to a survey

Govt to form high-level committee to fast-track infra along China border

The government on Tuesday decided to set up a committee of secretaries to fast-track implementation of infrastructure projects along the border with China

Not in favour of setting up Fiscal Council, Centre tells Rajya Sabha

The central government on Tuesday informed the Rajya Sabha said that it is not in favour of setting up a Fiscal Council as was suggested by the different Finance Commissions.

Too early to speak on impact of high temp on wheat crop: Agriculture Min

Union Agriculture Minister Narendra Singh Tomar said there has not been any effect seen so far on wheat crop due to high temperatures and it will be too early to say about the likely impact

External situation worsens as India aims to grow 6-6.8% in FY24

India may have to hugely rely on domestic consumption to drive growth as the external environment as cited above is facing a slowdown

India-European Union trade council's first ministerial meet by June

Last month, both sides constituted three trade working groups under the council that will cover key issues, such as strategic technologies, digital governance, connectivity and trade

WPI inflation eases to 25-month low in Feb as manufacturing prices cool

Inflation for manufactured items eased to 1.94% in Feb from 2.99% in Jan

Searing summer on the cards, all eyes on reservoirs, grain storage

Reservoir levels lower than last year but higher than 10-yr average; ample elbow room in grain storage for now

India exports wheat worth Rs 11,728 cr during Apr-Jan of this fiscal: Govt

The country has exported wheat worth Rs 11,728.36 crore during the April-January period of this fiscal year, the government said on Tuesday

Against popular belief, percentage of migrants have remained fairly stable

In India, broadly 29% of the population comprises migrants and surprisingly this number has remained fairly consistent since 2007-08 barring minor blips

Slow pace of capacity addition casts shadow over India's refinery targets

In short, India's energy security and the may both be on the line unless state refiners step on the gas

G20 nations need to push for growth amid debt crisis: Amitabh Kant

Kant said that governments can, at best, be facilitators and catalysts, and eventually, growth has to take place through production and productivity by the private sector