Page 822 - Economy & Policy News
India, UAE want to use relationship to shape changing world: Jaishankar
India and the UAE signed UAE-India Comprehensive Economic Partnership Agreement (CEPA) in February this year
 "India, UAE want to use relationship to shape changing world: Jaishankar")
RBI sells $33.42 billion in Apr-Sep FY23 to curb rupee volatility
The central bank closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate
 "RBI sells $33.42 billion in Apr-Sep FY23 to curb rupee volatility")
India's Nov retail inflation eases below 6% for the first time this year
India's annual retail inflation eased below its central bank's upper tolerance level for first time this year in November, on the back of softer rise in food prices, easing pressure on policymakers
 "India's Nov retail inflation eases below 6% for the first time this year")
Shaji K V took charge as NABARD Chairman from Dec 7: Govt in Parliament
Shaji K V has taken the charge as Chairman of National Bank for Agriculture and Rural Development (NABARD) with effect from December 7, 2022, the government on Monday informed Parliament
 "Shaji K V took charge as NABARD Chairman from Dec 7: Govt in Parliament")
All-India electricity demand may grow 7% to 1,480 bn units in FY23: Icra
The all-India electricity demand is expected to grow 7 per cent to 1,480 billion units (BU) in the ongoing financial year, according to Icra
 "All-India electricity demand may grow 7% to 1,480 bn units in FY23: Icra")
India imports 131.92 MT coal worth Rs 2.3 trillion in Apr-Sep this year
India imported 131.92 million tonne of coal worth Rs 2.3 trillion in April-September period of ongoing financial year
 "India imports 131.92 MT coal worth Rs 2.3 trillion in Apr-Sep this year")
Direct tax collection up 24% to Rs 8.77 trn; nears 62% of Budget estimates
The net direct tax collection grew 24 per cent to Rs 8.77 lakh crore in the April-November of the current fiscal, the Finance Ministry said
 "Direct tax collection up 24% to Rs 8.77 trn; nears 62% of Budget estimates")
GST evasion of Rs 23,000 cr by gaming firms being investigated: MoS to LS
Several cases related to Cyber and Crypto assets frauds wherein online gaming etc. have been used for siphoning the proceeds are being investigated
 "GST evasion of Rs 23,000 cr by gaming firms being investigated: MoS to LS")
Govt not to make public RBI report on reasons for inflation target breach
The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6% upper limit for the 3 consecutive quarters
 "Govt not to make public RBI report on reasons for inflation target breach")
Govt not to make RBI report on MPC's first-ever inflation failure public
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022
 "Govt not to make RBI report on MPC's first-ever inflation failure public")
Retail inflation drops to 11-month low of 5.88%; factory output drops
This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4% (+/-2%)
 "Retail inflation drops to 11-month low of 5.88%; factory output drops")
Three-day G20 Finance Track led by India kicks off in Bengaluru on Tuesday
Meeting, from December 13-15, will be hosted jointly by FinMin and RBI; Sherpa Track meetings already on
 "Three-day G20 Finance Track led by India kicks off in Bengaluru on Tuesday")
India's steel output grows 5% to 10.34 million tonne in Nov, says report
India's crude steel output rose by about 5 per cent to 10.34 million tonne (MT) in November 2022, according to a
 "India's steel output grows 5% to 10.34 million tonne in Nov, says report")
Elephant turns into a cheetah: India is ready to take its rightful place
India is poised to reach its full potential and regain its rightful place at the top of the world order
 "Elephant turns into a cheetah: India is ready to take its rightful place")
Those selling products at market rate can't claim charitable status: ITAT
Hospital's appeal against income tax department rejected; it is a private company that turned into a non-profit
 "Those selling products at market rate can't claim charitable status: ITAT")
Trade settlement with Russia in rupees to start next week: Report
Five to six banks have been allowed to open Vostro accounts for rupee trade settlement and 10-11 such accounts have been opened so far
 "Trade settlement with Russia in rupees to start next week: Report")
Budget 2023-24: Centre mulls increasing tax-free slab to Rs 5 lakh
Only 10-12% assessees opted for new regime introduced in 2020
 "Budget 2023-24: Centre mulls increasing tax-free slab to Rs 5 lakh")
Top Headlines: Tax-free slab to Rs 5 lakh, basic Customs duty cut, and more
Business Standard brings you the top headlines at this hour
UK trade minister in India to kickstart sixth round of FTA talks
The new round marks the first formal meeting between the India-UK negotiating teams since July and the first since Rishi Sunak took charge
 "UK trade minister in India to kickstart sixth round of FTA talks")
Are states with high levels of poverty spending less on MGNREGS?
Experts said an institutionalised system of social audits will clear lots of doubt
 "Are states with high levels of poverty spending less on MGNREGS?")