Page 980 - Economy & Policy News
G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets
Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out
 "G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets")
Settling trade in rupee: FTP tweaks may allow traders export benefits
It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to unveil in Sept
 "Settling trade in rupee: FTP tweaks may allow traders export benefits")
Global recession fears may ease inflationary pressures: Govt report
CAD will deteriorate if crude prices don't come down
 "Global recession fears may ease inflationary pressures: Govt report")
Wheat stock in central pool close to minimum threshold amid low procurement
Grain inventory in central pool, as on July 1, 2022, lowest since 2019
 "Wheat stock in central pool close to minimum threshold amid low procurement")
As rupee falls, spread between India and US bond yields tightens
In comparison, the recent decline in the yield spread is because bond yields in the US have risen faster than in India
 "As rupee falls, spread between India and US bond yields tightens")
Stealth frigate INS Dunagiri set for launch into the Hooghly River
INS Dunagiri is the reincarnation of an earlier frigate with the same name, which was part of the six-frigate Leander class
 "Stealth frigate INS Dunagiri set for launch into the Hooghly River")
Customs dept puts gold, 8 more items under controlled delivery regulation
The customs department has issued controlled delivery regulations authorising officers to track suspicious consignments of items, including gold, precious stones, drugs and cigarettes.
 "Customs dept puts gold, 8 more items under controlled delivery regulation")
Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn
Crude oil imports in June almost doubled to $21.3 billion. Coal and coke imports more than doubled to $6.76 billion in the month under review as against $1.88 billion in June 2021
 "Exports up 23.5% to $40 bn in June; trade deficit widens to record $26.2 bn")
Explained: What happens if the rupee hits 80 against the US dollar
When the value of a currency falls, imports become dearer and prices of raw materials rise
 "Explained: What happens if the rupee hits 80 against the US dollar")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
I2U2: UAE to invest $2 bn to develop integrated food parks across India
The summit focused on food security crisis and clean energy and that they discussed innovative ways to ensure longer-term, more diversified food production and food delivery systems
 "I2U2: UAE to invest $2 bn to develop integrated food parks across India")
CAD expected to deteriorate in FY23 on costlier imports: FinMin report
With regard to corporate sector, the report said, it has begun to show signs of revival with robust growth in net sales in the quarter ending March 2022, assisted by a general recovery in demand
 "CAD expected to deteriorate in FY23 on costlier imports: FinMin report")
RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday
On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent.
 "RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday")
Strength and opportunity: What rupee going 'international' will mean
The rupee is partially convertible. It attained current account convertibility in the early- through mid-1990s. This means the rupee can be converted to any foreign currency at existing market rates
 "Strength and opportunity: What rupee going 'international' will mean")
New IT Act may bring in deliberate misinformation, doxxing as offences
The law may have provisions for net neutrality, data privacy, and algorithmic accountability of social media platforms. It will focus on 'user harms' specific to the online world.
 "New IT Act may bring in deliberate misinformation, doxxing as offences")
Inflation in Asia Pacific economies to subside early: Moody's Analytics
Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody's Analytics
 "Inflation in Asia Pacific economies to subside early: Moody's Analytics")
Top headlines: 5G spectrum auction, economic growth projection, and more
From 5G spectrum auction to tax irregularities, here are the top headlines on Thursday morning
 "Top headlines: 5G spectrum auction, economic growth projection, and more")
From IIP to inflation: Here's a status check on the Indian economy
A significant jump in IIP growth indicates economic recovery. Also, is the recovery sustainable given the raging inflation and adverse global geopolitical conditions?
 "From IIP to inflation: Here's a status check on the Indian economy")
Farm to Fork: Consumers curb discretionary spends to combat inflation
Households are repaying debt and replacing costlier loans with cheaper options; rising costs are taking a toll on ability to save enough
 "Farm to Fork: Consumers curb discretionary spends to combat inflation")
Action plan in place to ensure adequate coal availability during monsoon
The Union coal ministry is confident that till September-end, there will be 9-10 days of coal stock at the power units
 "Action plan in place to ensure adequate coal availability during monsoon")