Page 772 - Economy & Policy News

WEF 2023: US debt crisis clouds Davos optimism on global economy

More than a decade after one debt-ceiling standoff led to a sovereign US rating downgrade, financial-market turmoil and a weakened economic recovery

Indians' trust increases in govt and business, dips in media, NGOs: Survey

India is also among 11 countries where trust in government has increased

Big Oil peddled the big lie, says UN chief Guterres at WEF 2023

UN Secretary-General Antonio Guterres delivered his message on the second day of the elite gathering of world leaders and corporate executives in Davos

World needs resilience and India can take lead: N Chandrasekaran

Tata Sons Chairman further said India produces the largest number of graduates, which is just one of the several factors putting the country in an advantageous position

Small farmers must get fertilisers, market at lower cost: R K Singh

Asked why India is continuing to import cheap Russian gas despite international opprobrium, Singh said India imports less gas from Russia in a month than Europe does in a day

India's response to Covid ensured moderate inflation, high growth: Vaishnaw

The minister said India's economy has been resilient and the policy framework has been for a sustained growth with a very moderate inflation

DGFT simplifies composition fee for export obligation extension

The previous formula for composition fee was convoluted and difficult to understand, which made the process more tedious and strenuous for exporters

Board formed to fix tariff at major ports, PPP dispute resolution

New Board to take over functions of the Tariff Authority for Major Ports (TAMP)

WEF 2023: India to become a $26 trillion economy by 2047, says EY report

The report says India is most likely to overtake Germany and Japan to become the third-largest economy after China and the US by 2030

USO payments should be suspended till existing funds exhausted: COAI

Reduction of license fee to 1 %, lower customs duties, and a clearer definition of Gross revenue among key industry demands submitted in budget recommendations

Rupee surges as foreign banks make dollar sales, likely for FPI flow

Weaker dollar index, unwinding of offshore/onshore trades boost Indian currency

Dec traffic at major ports sails to highest in FY23, rises 10.4 per cent

Twelve major ports handled cargo of 69.5 million tonnes in December, which is highest during current fiscal year

High inflation causing tension between monetary and fiscal policy: Gopinath

On what needs to change, she said for the countries to manage such a difficult trade-off right, fiscal policy has to play a role

Crude compulsions in Budget: Oil prices to put pressure on govt finances

Freeing the industry from administrative pricing could be the best way forward

Govt proposes a slew of changes to Insolvency and Bankruptcy Code

Among other changes, the corporate affairs ministry has suggested developing a state-of-the-art electronic platform that can handle several processes under the Code with minimum human interface

USTDA expecting portfolio to unlock $37 bn financing in India: Director

Director of USTDA, Enoh T Ebong, also informed that USTDA has launched a new partnership with eight state governments India for 'interstate clean energy procurement partnership'

'India a great example of countries choosing security assistance from US'

In 1997, defence trade between India and the US was almost negligible, today it stands above $20 billion

Nitin Gadkari calls for efforts by all to reduce road accidents by 50%

During the event, megastar Amitabh Bachchan, Isha Foundation founder Sadhguru and many other stakeholders discussed the key issues related to road safety

Coal production target at more than 1 billion tonnes for FY24: Govt

A total of 290 mines are operational in Coal India Ltd (CIL) out of which 97 mines produce more than one MT per year

S Jaishankar visits Maldives, to witness impact of developmental assistance

Jaishankar is on a three-day visit to the Maldives and Sri Lanka beginning to further expand bilateral engagement with the two key maritime neighbours of India