Page 739 - Economy & Policy News
Trade watch: Low demand for goods from China, others sinks imports
Import from India's key crude oil suppliers -- Saudi Arabia and Iraq -- contracted 14.3 per cent and 11.2 per cent, respectively
 "Trade watch: Low demand for goods from China, others sinks imports")
India writes to WTO against Carbon border tax; here's all you need to know
India has written to WTO raising concerns over selective application of carbon border rules to trade-exposed industries like steel, aluminium, chemicals, plastics, polymers, chemicals and fertilisers
 "India writes to WTO against Carbon border tax; here's all you need to know")
India's plan to lift curbs on solar imports to hit local production
Officials are considering a relaxation of rules for the next two years that restrict imports from China and other foreign producers, because local plants can't keep up with rising demand
 "India's plan to lift curbs on solar imports to hit local production")
Trai directs telecom companies to block all unverified telemarketers
Telemarketers have to be registered on the DLT platform
 "Trai directs telecom companies to block all unverified telemarketers")
Renewable energy firms missing deadlines to be blacklisted for 3-5 years
Bank guarantees will be encashed, says govt
 "Renewable energy firms missing deadlines to be blacklisted for 3-5 years")
Close on heels of India, US switches to T+1 trade settlement cycle
Growing pressure on global regulators to shorten settlement cycle, say experts
 "Close on heels of India, US switches to T+1 trade settlement cycle")
Mine over matter: Who will dig up India's new-found Lithium reserve?
The absence of an integrated mining policy for strategic metals and minerals and poor domestic capabilities could hinder exploitation of the recently discovered reserves
 "Mine over matter: Who will dig up India's new-found Lithium reserve?")
Govt looks to tap section of kirana stores to expand GST base: Report
The federal government is also working on a strategy with state governments and will seek their inputs to increase the base of indirect tax payers
 "Govt looks to tap section of kirana stores to expand GST base: Report")
GST Council to discuss GoM reports on tax evasion by gutkha firms on Feb 18
The GST Council in its meeting on Saturday is likely to discuss setting up appellate tribunals and mechanism to curb tax evasion in pan masala and gutkha business, sources said
 "GST Council to discuss GoM reports on tax evasion by gutkha firms on Feb 18")
CM Gehlot announces 100,000 jobs across Rajasthan current financial year
Rajasthan CM on Thursday announced one lakh recruitment in coming financial year as he called the state budget "excellent"
 "CM Gehlot announces 100,000 jobs across Rajasthan current financial year")
Indian consumer goods makers bet on rural recovery to lift profits
A nascent revival in rural demand is likely to prop profits at Indian consumer goods companies in the March quarter, as improving income and credit disbursal allow buyers to spend more on branded oils
 "Indian consumer goods makers bet on rural recovery to lift profits")
Amazon Pay, 31 other payment aggregators get RBI nod to continue operations
PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI
 "Amazon Pay, 31 other payment aggregators get RBI nod to continue operations")
Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022
The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations
 "Top 11 listed entities in Retail and QSRs opened 12 stores a day in 2022")
Centre sells 4 LMT of wheat during second e-auction organised by FCI
More than 1,060 bidders participated and 3.85 lakh metric tonnes of wheat was sold during the second e-auction organised by the Food Corporation of India (FCI) on Wednesday .
 "Centre sells 4 LMT of wheat during second e-auction organised by FCI")
Government affirms its number, says no 'overestimation' in retail inflation
A number of economists had pointed out that January's retail inflation data may have been overestimated by 23 basis points owing to a variation in the price index for cereals
 "Government affirms its number, says no 'overestimation' in retail inflation")
Retaining wheat export curbs to be a priority for PM Modi as polls loom
An extension of the export curbs would probably bolster the global wheat market, where supplies are tight because of dry weather in US growing areas and a drop in Ukrainian supplies
 "Retaining wheat export curbs to be a priority for PM Modi as polls loom")
Centre slashes windfall tax on crude oil from Rs 5,050/tonne to Rs 4,350
Windfall tax: The additional excise duty on ATF has been cut to Rs 1.5 per litre from Rs 6 per litre earlier
 "Centre slashes windfall tax on crude oil from Rs 5,050/tonne to Rs 4,350")
Goldman growth fund increases bets on India as China interest cools
The New York-based bank is targeting to invest a quarter of its newly-raised $5.2 billion growth fund in the region, people familiar with the matter said
 "Goldman growth fund increases bets on India as China interest cools")
Exporters need to be receptive towards impact of recession: FM Sitharaman
She also revealed that petrol, diesel can be included in GST once states agree
 "Exporters need to be receptive towards impact of recession: FM Sitharaman")
Use of nano-urea, DAP game-changers? Manufacturers in 'wait-and-watch' mode
Some critics also cite studies, which show that fertiliser use efficiency of urea is better via soil application rather than foliage
 "Use of nano-urea, DAP game-changers? Manufacturers in 'wait-and-watch' mode")