Page 740 - Economy & Policy News

Trade deficit hits 1-year low at $17.75 billion; exports, imports contract

Exports dropped in 19 of 30 sectors in January

About 178 km four-laning projects to be constructed for Rs 4,700 crore: CM

About 178 kilometers of four-laning projects would be constructed with an estimated cost of Rs 4,700 crores, said Chief Minister Sukhvinder Singh Sukhu on Wednesday

India's imports from Russia goes up by 384% in April-Jan: Commerce Ministry

India's imports from Russia has jumped about five times to USD 37.31 billion during April-January this fiscal on account of increasing inbound shipments of crude oil from that country

Govt may consider fuel, maize tax cuts to control climbing retail inflation

The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing retail inflation

West Bengal Budget: A rural thrust with focus on social schemes

Among the major departments, the allocation for panchayats and rural development is one of the highest at Rs 26,603.51 crore

Farmers slam UP govt's status quo on sugarcane price for 2022-23 season

Opposition says move will ruin farmers economically; meanwhile food secy says Centre will take a call next month on increasing sugar export quota

India-UK ongoing FTA negotiations won't be hit by BBC row: Govt official

"As per the UK government, BBC is an autonomous organisation and the even UK government is not owning up to it," said the official

Cabinet okays plan to set up 200K primary agri co-ops in next five years

The plan according to an official statement will be implemented by converging various schemes of the government in the spirit of 'whole of government approach'

Aero India 2023: Rajnath Singh lauds 'new energy' of defence start-ups

Innovation aided by Make in India that prioritised local procurement, says tech firm Zeus Numerix

Fossil fuel related items contributed 20% to annual inflation rate of India

Fossil-fuel related items -- transport and household energy -- contributed about 20 per cent to India's annual rate of inflation between April and May 2022, said a report by Cambridge Econometrics

Union Cabinet approves construction of Shinkun La tunnel in Ladakh

The Union Cabinet on Wednesday gave its nod for the construction of the 4.1-km Shinkun La tunnel on the Nimu-Padam-Darcha road link to provide all-weather connectivity to the border areas of Ladakh

Petroleum products can be brought under GST if consensus reached: FM

Finance Minister Nirmala Sitharaman on Wednesday said that if states arrive at a consensus, then petroleum products can be brought under the GST regime

Exports dip by 6.58% in Jan; trade deficit lowest in 12-months at $17.75 bn

Contracting for the second month in a row, India's exports dipped by 6.58 per cent to 32.91 billion in January due to slowdown in global demand

Govt to raise sugar export quota in March after assessing output estimate

He said the sugar production is estimated to be lower in the 2022-23 marketing year because of bad weather in some producing states

Schemes not 'freebies', but part of social security: CM on Rajasthan Budget

"We made a promise to our people, we are just delivering on that promise. Social security is their right," he said

India's merchandise trade deficit in January down at $17.75 billion

January merchandise exports were $32.91 billion compared with $34.48 billion in December, while imports were at $50.66 billion against $58.24 billion in December, according to government data

Govt to spend 75% defence outlay for procurement from Indian firms: Rajnath

The decision will mean setting aside of around Rs 100,000 crore for procurement of military platforms and equipment from the Indian manufacturers, he said

India's January exports fall by 6.58% to $32.91 bn, imports down 3.63%

Trade deficit in January stood at $17.75 billion

Centre aims at almost doubling seafood exports to $14 billion by 2025

'In 2021-22, the (seafood) exports figure was worth USD 7.76 billion, which was 17 per cent of our agriculture shipments. We have a target to achieve USD 14 billion by 2025'

India's soymeal exports to soar as drought trims Argentine supply

The drop in Argentina's output has driven up the South American producer's prices, making Indian soymeal more competitive