Page 950 - Economy & Policy News
Inflation: Things might get 'better' towards Sept-end, says SBI chairman
He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation
 "Inflation: Things might get 'better' towards Sept-end, says SBI chairman")
Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years
FSIB had recommended Rai's name for the top job in July
 "Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years")
Average housing prices rise 5% in April-June across 8 cities: Report
Revival in housing demand and rise in construction cost have led to a 5% average annual increase in residential property prices across 8 major cities during April-June quarter, according to a report
 "Average housing prices rise 5% in April-June across 8 cities: Report")
Recovery tracker: Flights soar, vehicle registrations near pre-Covid level
Power generation was lower than the previous week
 "Recovery tracker: Flights soar, vehicle registrations near pre-Covid level")
Huge opportunity for business in India's fintech space, says UKIBC
Negotiations for a trade deal between both nations started in January this year, and the deal is expected to be signed by Diwali
 "Huge opportunity for business in India's fintech space, says UKIBC")
India, Pak bonhomie at WTO blossoms despite fractious bilateral relations
Both countries have made two joint submissions at the WTO as co-sponsors in the past two months
 "India, Pak bonhomie at WTO blossoms despite fractious bilateral relations")
India's July WPI inflation eases to 13.93% as food, fuel prices decline
Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021
 "India's July WPI inflation eases to 13.93% as food, fuel prices decline")
India buys discounted Venezuelan petroleum coke to replace coal: Report
India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries
 "India buys discounted Venezuelan petroleum coke to replace coal: Report")
Taiwan makes 75% of all chips used for Indian mobile market: ICEA
Taiwan has a dominant position in manufacturing cutting-edge logic chips also
 "Taiwan makes 75% of all chips used for Indian mobile market: ICEA")
Coal stocks at thermal power stations to last 17 days: Senior official
CIL gives Rs 10 per tons of coal production towards pension to coal mine workers, and likewise, CIL gave approximately Rs 622 cr towards pension scheme out of total production of 622 mn tons last year
 "Coal stocks at thermal power stations to last 17 days: Senior official")
In a first, India buys discounted Venezuelan petcoke to replace coal
Indian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports
 "In a first, India buys discounted Venezuelan petcoke to replace coal")
India's fuel demand continues to fall in August as monsoon sets in
Diesel demand in India fell for the second month in a row as the onset of monsoon chipped away consumption in key sectors like agriculture, preliminary industry data showed Tuesday.
 "India's fuel demand continues to fall in August as monsoon sets in")
Indian Railways conducts test run of its longest freight train
The Railways conducted a test run of the 3.5-km-long freight train, Super Vasuki, with 295 loaded wagons carrying over 27,000 tonnes of coal between Korba in Chhattisgarh and Rajnandgao in Nagpur
 "Indian Railways conducts test run of its longest freight train")
Inflation: Things might get 'better' towards Sept-end, says SBI Chairman
State Bank of India's (SBI) Chairman Dinesh Khara on Tuesday said that things might get "better" on the inflation front towards the end of September.
 "Inflation: Things might get 'better' towards Sept-end, says SBI Chairman")
Top headlines: WPI inflation eases to 5-month low; Go Digit files for IPO
Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the Amul brand, on Tuesday increased prices of its Gold, Taaza and Shakti milk brands by Rs 2 per litre.
WPI inflation eases to 5-month low of 13.93% in July; food prices soften
India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June
 "WPI inflation eases to 5-month low of 13.93% in July; food prices soften")
GST rates could change to correct inverted duty, exemptions: Report
Group of ministers headed by Karnataka Chief Minister Basavaraj Bommai is working on the second round of GST rate changes, a news report said
 "GST rates could change to correct inverted duty, exemptions: Report")
Centre asks state-run firms to explore plans amid LNG supply crisis: Report
Gas supplies to India have been hit due to the ongoing Russia-Ukraine war
 "Centre asks state-run firms to explore plans amid LNG supply crisis: Report")
Retail inflation may remain elevated despite easing in July: Report
India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said
 "Retail inflation may remain elevated despite easing in July: Report")
Atmanirbhar push: PM Narendra Modi for innovation in defence products
"The world is seeing that India is changing. There is hope from India and the reason is the skills of 1.3 billion Indians," the PM said
 "Atmanirbhar push: PM Narendra Modi for innovation in defence products")