Page 853 - Economy & Policy News

We should see core inflation dipping: RBI MPC member Ashima Goyal

Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices

Indian economy expected to maintain growth above 6.5% in coming years: CEA

Chief Economic Advisor V Anantha Nageswaran on Thursday expressed hope that the economy will maintain the trend growth rate of 6.5 per cent and above for the rest of the years in the current decade

Global uncertainty could have implications on India's exports: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said the ongoing global uncertainty and recessionary trends could have some implications on India's exports.

Monetary policy faces severe information constraints: RBI DG Patra

The moment inflation is released by NSO, it gets hit by unanticipated shocks, says RBI Deputy Governor Michael Patra

CCI to look into anti-profiteering steps under GST, replace NAA from Dec

The decision comes at a time when 50-odd cases against the constitutional validity of NAA have been clubbed and are being heard in the Delhi High Court

Unemployment rate dips to 7.2% in July-September 2022: NSO survey

Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said

SEA urges govt to hike refined palm oil import duty to save local refiners

The association has argued that a 15 per cent duty difference would help reduce refined palmolein imports and replace the same with crude palm oil imports

Cotton exports stall as farmers delay sales hoping for higher prices

The limited supplies are keeping local prices significantly above the global benchmark, making overseas sales unviable from the world's biggest producer of the fibre

Recession unlikely in APAC region in coming year: Moody's Analytics

A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said

India to grow at moderately brisk rate, inflation to ease: FinMin

India is well placed to grow at a "moderately brisk rate" in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry reported

EPFO wage ceiling likely to be raised from Rs 15,000 per month to Rs 21,000

The ceiling was last revised in 2014 from Rs 6,500 per month to Rs 15,000 and is applicable only to enterprises that have more than 20 workers

Greenfield construction cost for developers up 5-7% in Q3 2022: Report

Labour cost increased 8-10% and reinforcement steel prices went up about 20%, says study scanning cities

Exporters demand fiscal support, credit at affordable rates in next Budget

Exporters on Thursday demanded measures such as creation of a fund and credit at affordable rates in the forthcoming Budget to boost the exports and create jobs.

77% employers likely used more apprentices in second half of 2022: Report

Moreover, the trend to hire apprentices has seen a growth in Tier II and Tier III non- metro cities as well

Need to promote circular economy to deal with climate change issues: Kant

There is a need to promote a circular economy to deal with the issues related to climate change, India's G20 Sherpa Amitabh Kant said

What can India gain from the trade pact with Australia?

The Australian Parliament gave its assent to a free trade agreement with India, and amended the Double Taxation Avoidance Agreement. Let's understand how it will benefit India's foreign trade

Centre asks ministries, depts to identify new assets for monetisation

The report said the govt has been able to garner only Rs 33,443 crore in revenue from assets sale in the first 7 months

UP ministers ready to cross shores ahead of Global Investors' Summit

Confederation of Indian Industries and Federation of Indian Chambers of Commerce and Industry have been engaged for the event that eyes to attract an investment of over Rs 10 trn to the state

Arunachal Pradesh govt chalking out plan to empower all villages: CM

Arunachal Pradesh Chief Minister Pema Khandu has highlighted eight pillars of focus for the overall development of villages, which would also curb migration of rural folk to urban areas

Govt to introduce law to regulate digital media: I&B Minister Anurag Thakur

He said there used to be one-way communication of news earlier, but with the development of electronic and digital media, communication of news has become multidimensional