Page 862 - Economy & Policy News

India's edible oil import bill rises 34% to Rs 1.57 trillion, says SEA

Import gradually increased during the first two quarters and it slowed down in the third quarter

Finance ministry likely to give additional Rs 25,000 crore for MGNREGS

But asks rural development ministry to identify and remove inefficiencies

Retail inflation eases to 6.77% in October, lowest in three months

May make MPC less hawkish on rate hike; WPI inflation dips to 19-month low of 8.39% in Oct

India Stonemart 2022 exhibition gets enquiries worth Rs 1,200 crore

As many as 1,400 B2B (business-to-business) meetings were held with 116 buyers from 19 countries, and 30,000 visitors came to the show

Goyal calls for IITF-like fairs for showcasing swadeshi capabilities

This year, India's largest annual fair will see the participation of nearly 2,500 exhibitors from India and abroad

RBI imposes monetary penalties on nine urban cooperative banks

The bank regulator has fined two banks each from Odisha, Madhya Pradesh, and Gujarat, and one bank each from Chhattisgarh, Maharashtra, and Jharkhand

Market regulator Sebi plans to streamline disclosure framework

Suggests halving disclosure timeline to 12 hours; proposes mandating top 250 listed firms to confirm/deny media reports

Indian cities will need $840 bn investment over 15 years: World Bank

Municipal bonds account for a marginal share in debt financing, says the report

Indian warehousing needs $3.8 bn to meet 223 mn sq ft demand in next 3 yrs

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

Tax-authorities tighten noose around under-invoicing of Chinese imports

Tax authorities suspect a tax evasion of more than Rs 16,000 crore through under-invoicing by businesses from April 2019 to December 2020

Gadkari inaugurates two Rs 3,390-cr national highway projects in Bihar

Gadkari also inaugurated a 1.5 km long 2-lane elevated RCC bridge near Panduka on Son river in Rohtas, Bihar at a cost of Rs 210 crore

India smartphone mkt falls 10% in Q3; Xiaomi, Vivo shipments dip: Study

Lowest third-quarter shipment since 2019 as weak demand and device price hurt festive buying

Year 2023 will be year of disinflation in Asia: Morgan Stanley report

The year 2023 will be the year of disinflation (inflation at slow rate) in Asia, said Morgan Stanley in a research report.

Centre ready to bring petrol and diesel under GST: Hardeep Singh Puri

The minister, however, pointed out that it is unlikely that the states will agree to such a move as liquor and energy are revenue generating items for them

Rajasthan govt approves Rs 2.60 crore for camel conservation scheme

Chief Minister Ashok Gehlot has approved a proposal for the scheme, an official statement said on Monday

Chatroom: 'Export incentives available on payments received through SVAs'

Export invoicing in INR is already allowed but the payment must come through Vostro Accounts maintained by foreign banks with a bank in India

Over 400 cooperatives registered on GeM portal in last 3 months: Govt

"So far, more than 400 cooperatives have registered on the GeM portal and begun the trade," the Minister of State for Cooperation said

India's palm oil imports dip 4.8% in 2021/22, soyoil overseas buying up 45%

The country's palm oil imports in the marketing year ended on Oct. 31 fell to 7.9 million tonnes

India's wheat planting gathers momentum, acreage rises nearly 10%

Late rains in October and November raised soil moisture levels and helped farmers bring in more area under wheat, the main winter crop, growers said.

Budget 2023-24: FY24 direct tax target likely to see 14-17% increase

Centre's FY23 mop-up may top BE by Rs 1-1.5 trn