Page 944 - Economy & Policy News

S&P raises India inflation forecast by 50 basis points to 6.8% for FY23

India is facing the external pressures of higher commodity prices, US dollar dominance, and tightening financial conditions from a position of relative strength: S&P

EPFO adds over a million new subscribers in June for 3rd month in a row

New EPF subscribers increased marginally to 10,54,261 in June from 10,07,441 in May 2022 and 10,09,689 in April, according to data published by the National Statistical Office

UP drafts 'services export' policy to attract investors, earn forex

UP is targetting to increase merchandise exports to almost Rs 3 trillion in the next three years

Centre signs long-term fertilisers import deal with Saudi Arabia

India and Saudi Arabia on Thursday signed a pact for an annual supply of 2.5 million tonnes of ammonia and DAP, NPK fertilisers for the next three years

Rise of cosmetic dermatology space gets big pharma looking for buyouts

According to reports, Torrent Pharmaceuticals is set to sign a deal to acquire Curatio Healthcare, a maker of skincare products, for Rs 2100 crore.

ESIC-run social security scheme adds 1.5 mn new members in June: Data

Around 15.47 lakh new members joined the ESIC-run social security scheme in June 2022, according to official data released on Thursday

Centre implements 'One Nation One Fertiliser' plan under 'Bharat' brand

All fertiliser bags to sport this common brand irrespective of company making it

India has ample forex to withstand pressure on creditworthiness: S&P

India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said

Over 70% unorganised workers registered in year since e-Shram portal launch

National labour conference being held today to discuss providing social welfare schemes to card holders

India's crude oil imports from US dip by one million tonnes in June quarter

At the same time, share of Russian oil in India's crude basket rose from 2.2% in FY22 to 12.9% in the first quarter of FY22

What is UP's new Parivar Kalyan Card and how will people be enrolled for it

UP Parivar Kalyan Card will provide a unique 12-digit ID number for each family, and the initial collection of data will be done through ration cards

India's economic indicators give conflicting signs of recovery in July

Demand for Indian goods and services softened, a cross-section of high-frequency indicators compiled by Bloomberg News showed

Centre may allow 8 million tonnes sugar exports next season in two tranches

In the first tranche, market sources said exports of around 5 mt could be permitted. This could be expanded by another 2.5-3 mt only after assessing the price situation and supply-demand scenario

Regulator seeks to make insurers have clear policy for agents' commission

Boards will make written norms that will be reviewed annually, says draft IRDAI proposal

Must improve trade data integrity in corporate bonds: RBI Deputy Governor

"While we can discuss the reasons for this trend, it is clear that the corporate bond market largely meets the needs of highly rated corporates," he said

Lower paddy acreage: How will it affect India and the world?

A victim of supply chain disruption is food. Even as the world looks towards India to fill the void created by the Russia-Ukraine war, a drop in paddy acreage is threatening to make the matter worse

Department of Commerce to overhaul export scheme for services sector

The scheme is expected to be a part of the new foreign trade policy expected to be rolled out by the Directorate General of Foreign Trade next month, said people in the know

India to tell US that Russia oil price cap needs broader consensus: Report

The South Asian nation, which has emerged as one of the biggest buyers of Russian oil since the invasion of Ukraine, is hesitant to join the plan unless a consensus is reached with all buyers

Printing question paper exempt from GST, but not answer booklet, rules AAR

Holds that an answer booklet is a good, whereas printing question paper is a service provided to educational institution

Festive season sans Covid curbs to spur ad growth at the movies and on TV

Broadcasters, multiplex operators counting on September-December period that is marked by regional and national fests