Page 972 - Economy & Policy News

Japan trade deficit grows despite improved exports as oil prices surge

Japan's trade deficit for the first half of this year totaled nearly 8 trillion yen because of surging oil prices and a sinking yen, brought on partly by the war in Ukraine, and weaker global demand

Analysts slash India's GDP forecast amid high inflation, recession fears

On Thursday, ADB lowered India's growth forecast from 7.5 per cent to 7.2 per cent for FY23. Earlier on July 18, US-based Morgan Stanley also slashed India's GDP growth forecast to 7.2 per cent

Will inclusion in labour code work or do gig workers need a special law?

7.7 million people employed in the sector need welfare measures hardcoded into the law, say some experts

Asia's central banks forced to play catch-up in global rush to raise rates

Having bucked a global dash to tighten monetary policy for a year, Asian central banks find themselves scrambling to catch up in order to tackle rising inflation and defend weakening currencies

Only decentralised renewable energy can help achieve 2030 targets: Experts

According to the Ministry officials, India's RE installed capacity increased 286 per cent in the last 7.5 years but it had a share of just 26.53 per cent in the total installed generation capacity

Rewriting an industrial hazards law that followed the Bhopal gas leak

While it is easier now to sue a firm for adopting harmful manufacturing processes, successive govts have dragged their feet on goading companies to take out adequate insurance

India's economic recovery falters as high prices, falling rupee bite

India's economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month

Most districts in UP, Bihar and Jharkhand battle monsoon deficit

Paddy sowing slows down in the states, likely complicating the central government's plans for food stocks

Why has the govt slashed windfall tax on fuel exports and crude output?

The govt slashed the windfall tax on domestically-produced crude oil three weeks after imposing it. What may have prompted the govt to do this turnabout, and who all will benefit from it?

What are Uber files?

From lobbying world leaders to circumventing local regulations, Uber indulged in shady practices in its bid to spread business. This report offers insight into the Uber files and their dark secrets

Shortage of administrative capacity leading to underspending by states

CAG audits show that more than lack of funds, it's the shortage of administrative capacity that leads to underspending on health and education

Time is ripe for India to explore trade deal with AfCFTA: Commerce Secy

AfCFTA brings together the 55 countries of the African Union and eight regional economic communities to create a single market for the continent

Local currency makes trade more efficient, affordable: AfCFTA Secy General

In a Q&A, Wamkele Mene, who represents a free trade area in Africa, dwells on the investment opportunities in pharma, auto and agro processing that the continent has to offer

NITI Aayog moots licensing, regulatory framework for digital banks

Digital banks will be subject to prudential and liquidity norms on a par with existing commercial banks

Govt plans short-term foreign trade policy, may release before September

The new policy is much-awaited, following the extension of the existing policy for more than two years

Mumbai's CSMT facelift plan back to drawing board due to railway revamp

The project, which had received bids from Adani, Oberoi and GMR, goes back to drawing board after abrupt shutdown of nodal agency; station will now be developed under BOT mode

Levy on fuel exports slashed; govt exempts SEZs from windfall tax

Move to benefit RIL, ONGC and Oil India, say analysts

Rupee depreciation against US dollar lower than other major currencies: CEA

CEA Nageswaran said that the depreciation of the rupee against the US dollar has been lower than other major global currencies such as the Euro, the British pound and the Japanese yen

RBI prepared to spend $100 bn more for defending rupee, says report

Most analysts and traders believe worst is yet to come for the rupee, despite the RBI's intent to defend the currency and India's sound macroeconomic fundamentals

Over Rs 980 crore spent on Aadhaar enrolments, updates since 2019-20: Govt

Over Rs 980 crore has been spent by the UIDAI in the last three years on Aadhaar enrolments and updates, while nearly 5.99 lakh Aadhaars have been cancelled for being duplicate