Page 830 - Economy & Policy News

We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

Govt includes steel, pharma, chemicals in RoDTEP scheme as exports falter

Expanded list of items will be applicable for exports made from December 15. Scheme outlay pegged at Rs 1,000 crore, says govt official

Banks should not ask for verification at branch level if e-KYC done: RBI

RBI said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC or those who have completed the KYC (know-your-customer) process on C-KYC portal

Global Captive Centres to add 364k jobs in next 12 months: Report

Global Captive Centres (GCCs) are looking to ramp up their workforce and add close to 3.64 lakh jobs within next 12 months amid a spurt in service demand from key global markets, says a report

India to provide voice to issues of interest during G20 presidency: Govt

India's endeavour during its G20 presidency would be to build consensus within the grouping, raise key issues of the global south and highlight country's 3Ds -- development, democracy and diversity

Govt working on ways to contain surge in imports of non-essential goods

The government is working on ways to contain surge in imports of non-essential goods with an aim to boost the country's exports and reduce trade deficit, an official said

Centre seeks info from embassy on Iran's bar on rice, tea imports

'As of now, there has been no confirmation from the authorities and the response from the embassy in Tehran is also taking time'

SC directs Centre, RBI to put on record relevant info on demonetisation

SC on Wednesday directed the Centre and the RBI to put on record relevant records relating to the government's 2016 decision to demonetise currency notes of Rs 1000 and Rs 500 denomination

Broken rice exports up 33% to 2.4 million tonnes in Apr-Sep FY23: Report

Exports of broken rice increased 33.37 per cent to 23.82 lakh tonne during April-September FY23 as against 17.86 lakh tonne in the year-ago period, Parliament was informed on Wednesday

Three of 10 Indians watch online videos at least once a month: Ormax Report

OTT market now embraces 30% of Indian population, YoY growth is 20%

Increase in packing credit interest subsidy from 3% to 5% sought

Tirupur Exporters' Association (TEA) on Wednesday sought an increase in packing credit interest subsidy from three to five per cent

India to build more nuclear power plants to boost clean energy production

India plans to build more nuclear power plants to increase the production of clean energy, the government said on Wednesday.

Foreign regulators must respect our credibility: RBI governor on ESMA row

On Oct 31, ESMA de-recognised CCIL apparently over RBI's refusal to grant audit and inspection rights; Move has potential to hamper bond and derivative trading operations of European banks in India

Foodgrain subsidy bill to surge 30% to $33 billion this year: Report

India's spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal year, as the govt continues to provide support to the poor at least until December

India to step up gas imports to address summer power demand: Report

India has asked state-run firms to increase imports of natural gas in anticipation of higher power demand next summer

Agriculture sector remains resilient; Rabi sowing off to strong start: RBI

Reserve Bank Governor Shaktikanta Das on Wednesday said the agriculture sector remains resilient, and the rabi sowing has got off to a strong start

India's April-Nov finished steel exports fall 55% YoY on low demand: Report

India's finished steel exports more than halved during the first eight months of the current fiscal year that began in April, according to the latest government data reviewed by Reuters

Other countries should trust credibility of Indian regulations: RBI Guv Das

The India of today is different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India Governor Shaktikanta Das said

Commerce ministry shares Russia's list of goods for imports with exporters

The commerce ministry has shared with exporters a list of hundreds of goods such as auto parts and textile that Russia has provided to India for imports, an official said

30% edible oil consumption in a year from GM sources, say experts

Pro and GM groups slug it out ahead of SC hearing on GM mustard case tomorrow