Page 954 - Economy & Policy News

CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra

India's economy is predicted to overtake that of the US by 2048, said Patra

Centre reinstates Shah Faesal as Deputy Secretary in Tourism Ministry

The Central government has reinstated controversial IAS officer Shah Faesal and appointed him as Deputy Secretary in the Tourism Ministry

Cooling food prices pull inflation down to five-month low in July

Industrial output stays robust, tops pre-Covid level

No GST on residential premises if rented out for personal use: Govt

The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.

CPI numbers for March 2023 could be even lower than 5%: SBI Ecowrap

The inflation trajectory for India is expected to be benign and CPI numbers for March 2023 could be even lower than 5 per cent, due to signs of softening crude oil prices

India's trade deficit hits record $30 billion as exports struggle

Merchandise exports decline to a five-month low of $36.27 billion in July

Corporate tax collection soars 34% between April and July: I-T dept

Tax dept attributed the robust growth to simplified tax regime, low rates and no exemptions

Kharif paddy sowing almost 15% lesser than last year, shows data

The drop in acreage has triggered fears of the government clamping down in exports as it did in the case of wheat in May

Centre asks states and UTs to monitor trader stocks as tur prices rise

In the initial stages, tur sowing dropped due to delayed onset of monsoon over the major-growing states

Vande Bharat Express's 3rd rake to be field tested for 15,000 km: Vaishnaw

According to him, all tests such as static, dynamic, oscillation and others will be carried out and added that ICF will be rolling out more such trains.

Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn

Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed.

Edible oil July imports rise 31% to 1.2 MT amid fall in global prices

The Solvent Extractors' Association of India (SEA) said the import of vegetable oils, comprising edible and non-edible oils, in July this year rose 24 per cent to 1,214,353 tonnes.

July retail inflation eases to 6.71% on food prices, stays above RBI target

Among the sub-groups, inflation for vegetables was 10.90 per cent compared with 17.37 percent in June

India's retail inflation dips below 7% in July; IIP growth in double digits

RBI, in its latest monetary policy committee meeting had raised the rates by 50bps to 5.4 per cent, higher than the pre-pandemic level.

Dairy farmers to get Rs 4 per litre milk more till March 2023: Kerala min

Dairy farmers would be paid an additional Rs 4 per litre of milk till March next year as part of a Rs 28 crore project for them, Kerala Minister J Chinchurani said

India holds world's highest rate of recognising start-ups per day

Currently, there are 75,000 start-ups in the country, which coincides with the 75th year of independence

Health and education have never been called freebies: FM Sitharaman

Delhi Chief Minister has given a perverse twist to the debate on freebies, says FM

Govt to divert gas from industries after CNG, piped gas prices jump 70%

The increased allocation will meet 94 per cent of the demand for CNG to automobiles and piped cooking gas to household kitchens in the country

India at 75: A journey from growing more food to smartly growing it

Unless policies are pursued to address all the problems facing Indian agriculture holistically, the sector would find it difficult to meet the challenges of a new India

Centre garners Rs 3,000 crore from windfall tax on oil and gas firms

It is likely to continue with the levy till the Indian basket of crude is above $80 a barrel