Page 932 - Economy & Policy News

India's retail inflation likely rose in Aug, ending 3-month downtrend: Poll

Food inflation, which accounts for nearly half the consumer price index (CPI) basket, is expected to have soared as prices of essential crops like wheat, rice and pulses were driven higher

Indian corporates flood debt market to raise funds ahead of second half

Indian companies and banks have raised around Rs 35,000 crore ($4.39 billion) from Sep. 1 to Sep. 7, slightly short of the Rs 45,000 crore raised in August

Indian exporters should wait before hedging non-dollar exposure: Analysts

Exporters that have shipped goods and expect to earn euros, pounds and the yen are eyeing ways to manage the currency risk as the dollar surges against its major peers

India's rice export rates hit one-year peak on high demand from Bangladesh

Prices of rice exported from India held firm near their highest level in more than a year this week as demand from neighbouring Bangladesh remained strong

Need to boost investor confidence for sustainable, transformative growth

India needs to show investors not only that they can achieve decent returns in the country but that their money is safe here

India restricts rice exports to increase domestic supplies, ease prices

India exports rice to more than 150 countries, and any reduction in its shipments would increase upward pressure on food prices

Domestic drone industry in Uttar Pradesh gets 'Make in India' push

According to reports, India's drone sector is projected to clock a turnover of Rs 12,000-15,000 crore by 2026

Railways eyes Rs 30,000-crore revenue with new land licensing fee policy

Sources also indicated that the current policy was causing a lot of leasable Railways land to go idle, notwithstanding the potential for terminal operations

Coal ministry slashes interest on late payment of royalty and rent

The government has reduced the rate of interest levied on delayed payment of royalty, rent and fee from coal mines, a move that would give a fillip to ease of doing business

Flavoured milk or beverage? AAAR says Vadilal's Power Sip is the latter

GST rate is 5% on milk and 12% for beverage; company says product is flavoured milk

New foreign trade policy may focus on non-fiscal measures to boost exports

The policy could throw light on how India may want to be integrated into the global value chain, for which realignment has started, and factors that have affected the integration

CEPA: When it comes to trade with Bangladesh, India is far behind China

China accounted for 10.2 per cent of FDI investments in Bangladesh between 2014 and 2021, India's share was 3.9 per cent

FTA may boost India's exports to Bangladesh by $10 billion in five years

For Bangladesh, the potential of additional exports to India could range from $3 billion to $5 billion in a time span of 10 years

India's power demand growth rate seen nearly doubling in next 5 years

CEA, an advisory body to the power ministry, said in a draft plan India's power demand would reach 1,874 bn units during the year ending March 2027, compared with over 1,320 bn units in 2021/22

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

Chhattisgarh govt chalks out strategy for exploring rich minerals

Till now, more than 100 potential mineral blocks have been identified on the basis of exploration taken up by government agencies in Chhattisgarh

Standstill period in retail auto fuel prices may impact performance of OMCs

From 2011, the Centre instead brought the costs upfront as explicit petroleum subsidies shown in the Budget

Centre imposes 20% export duty on non-Basmati rice from September 9

The price of rice variants has risen 6-20 per cent in major markets across the country due to drop in acreage, stoking fears of a 6-10 mt fall in kharif production this year, compared to last year

QRSAM: Indian Army clears quick reaction surface-to-air missile system

The QRSAM system is unique in its ability to operate on the move, searching for and tracking enemy targets; and then fire on a short halt

Govt imposes 20% export duty on non-Basmati rice from Sept 9

Below-average rainfall in key rice-producing states such as West Bengal, Bihar and Uttar Pradesh has raised concerns over rice production in India