Page 742 - Economy & Policy News
India seeks mutually beneficial early harvest deal under IPEF
The ministry's statement comes in the backdrop of India hosting the second round of negotiations for US led-IPEF in the national capital last week
 "India seeks mutually beneficial early harvest deal under IPEF")
India's inflation higher than peers like Brazil and South Korea
The RBI last week raised its key interest rate by 25 bps to 6.50 per cent
 "India's inflation higher than peers like Brazil and South Korea")
Efforts afoot to have built-in satellite tuners in TV sets: Anurag Thakur
Information and Broadcasting Minister Anurag Thakur on Monday said efforts are afoot to have a built-in satellite tuner in television sets to offer access to over 200 channels
 "Efforts afoot to have built-in satellite tuners in TV sets: Anurag Thakur")
Can minimum guaranteed scheme in NPS assure states to not go back to OPS?
Under OPS, there is no defined contribution from employees but there is assured pension. However, NPS has defined contribution but no assured returns in terms of some proportion to last drawn salary
 "Can minimum guaranteed scheme in NPS assure states to not go back to OPS?")
FM Sitharaman asks states to expedite formalities to seek GST compensation
Finance Minister came down heavily in Parliament on states complaining about delay in getting GST compensation, saying that rather than blaming the Centre for delay in facilitating the payment
 "FM Sitharaman asks states to expedite formalities to seek GST compensation")
After budget announcement, Centre to revise guidelines for coastal ferries
Coastal shipping is an important cog in the Centre's larger plan to meet its net-zero carbon emission targets
 "After budget announcement, Centre to revise guidelines for coastal ferries")
Too early to gauge spillovers of central bank digital currency: Sitharaman
Finance Minister Nirmala Sitharaman told the Parliament that it is still too early to gauge the spillovers of the CBDC, while assailing concerns on whether it would impinge on an individual's autonomy
 "Too early to gauge spillovers of central bank digital currency: Sitharaman")
Govt begins consultations with sector experts on road safety standards
Safety index for highways on the cards; key focus is on four Es--engineering, education, enforcement and emergency care
 "Govt begins consultations with sector experts on road safety standards")
CBIC says won't object to a petitioner going to HC in absence of GSTAT
CBIC says it would like to withdraw earlier plea in matter relating to dispute over refund of a company
 "CBIC says won't object to a petitioner going to HC in absence of GSTAT")
DPIIT to bring quality control norms for building material to check imports
DPIIT is looking to bring building materials like asbestos and gypsum under quality control norms, a move aimed at containing import of sub-standard goods and boosting the domestic industry
 "DPIIT to bring quality control norms for building material to check imports")
January retail inflation rises to 6.52%, highest since October 2022
In December, the CPI-based inflation was 5.72% with core inflation at 6.10%
 "January retail inflation rises to 6.52%, highest since October 2022")
Enthused by investment summit, Rajasthan going full throttle on industry
More than 900,000 people are expected to get employment in the state through these
 "Enthused by investment summit, Rajasthan going full throttle on industry")
Rupee falls 15 paise to close at 82.73 vs US dollar on muted domestic trend
The rupee fell by 15 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overseas markets and a muted trend in domestic equities.
 "Rupee falls 15 paise to close at 82.73 vs US dollar on muted domestic trend")
Indian exporters boost euro hedges after rally to near two-year high
There is an urgency among exporters to hedge following the euro's rally to above 88, a treasury sales official at a private bank said
 "Indian exporters boost euro hedges after rally to near two-year high")
RBI rejects RTI seeking information on its correspondence with govt
The report mentioned the debate on disclosure of the RBI's failure to meet the flexible retail inflation target of 2-6% for three straight quarters between January and September
 "RBI rejects RTI seeking information on its correspondence with govt")
Govt coping with Indonesia's restrictions on palm oil exports: Officials
Last week, Indonesia said it will suspend some palm oil export permits to secure domestic supply as cooking oil prices rise ahead of upcoming Islamic festival Ramadan
 "Govt coping with Indonesia's restrictions on palm oil exports: Officials")
Domestic PV sales up 17.23% in January as consumer sentiment improves: SIAM
Two-wheelers ride the slow track with just 3.81% sales growth amid rural slowdown
 "Domestic PV sales up 17.23% in January as consumer sentiment improves: SIAM")
India's seafood exports to reach all-time high of $8 bn despite hurdles
Country's seafood exports are likely to reach an all-time high of $ 8 billion in FY 2022-23 despite three years of a sluggish global market caused by the pandemic, logistical hurdles
 "India's seafood exports to reach all-time high of $8 bn despite hurdles")
GST compensation to some states delayed due to lack of AG certificate: FM
The finance minister said if there is any delay of getting the AG's authentication, it is a matter between the AG and the state government concerned, and they have to sort it out
 "GST compensation to some states delayed due to lack of AG certificate: FM")
Indian refiners may buy Russian oil for domestic demand, export own: Report
With these imports, India can maintain a domestic inventory of refined products like petrol and diesel
 "Indian refiners may buy Russian oil for domestic demand, export own: Report")