Page 984 - Economy & Policy News

Exports likely to record reasonable level of growth in 2022-23: Goyal

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Minister Piyush Goyal has said

India's high inflation to stick for longer, rates to rise more: Poll

One of the later entrants in the current round of global monetary policy tightening, the Reserve Bank of India raised its repo rate by a total of 90 basis points in May and June

CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May

According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year

'How will import duty cut on two edible oil varieties help boost supply'

According to official sources, Food Secretary has written to the SEA, Indian Vegetable Oil Producers Association (IVPA) and Soybean Processors Association of India (SOPA) in this regard

RBI allows settlement in rupee to settle trade with Russia, Sri Lanka

Move aimed to facilitate trade with Russia, Sri Lanka

Parameswaran Iyer, who handled Swachh Bharat, takes charge as Niti CEO

Iyer, a 1981-batch IAS officer of Uttar Pradesh cadre, spearheaded the government's Swachh Bharat Mission to eradicate open defecation by constructing over 90 mn toilets in rural India

RBI's move to settle trade transactions in rupee timely: Exporters

Exporters said the move was a step towards acceptance of rupee as an international currency.

Recovery tracker: Mobility up, power generation dips as Covid cases rise

Number of flights declined; Indian Railways carried more goods, traffic on Delhi roads eased

India to overtake China as world's most populated country in 2023: UN

Economic impact: People's productivity will have to increase to support larger numbers, say experts

The emerging stress in imports: Surprisingly, it's coal more than oil

More than oil, as the demand for coal shoots up even further in the economy, it has become the new pressure point in the import basket of India

GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala

The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM) to recommend necessary amendments required in the GST laws and other legal changes for setting up the GSTAT

Rupee falls to new low as US dollar index rises to fresh 20-year high

The domestic currency ended at 79.44 as against 79.25 at the previous close

Sebi's market risk factor disclosures will generate detailed datasets: CPAI

Commodity Participant Association of India (CPAI) on Monday said capital markets regulator Sebi's planned move on market risk factor disclosures will generate detailed datasets.

DoT bars use of non-trusted telecom gear for network expansion

With effect from June 15, 2021, the licencee shall only connect trusted products in its network and also seek permission from designated authority for upgradation or expansion of existing network: DoT

Credit growth expected to improve aided by govt's push on public spending

Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said.

'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'

India Inc is staring at the third consecutive quarter of a year-on-year drop in profit margins for the April-June 2022 period, a Crisil Ratings arm said on Monday.

RBI forms arrangement for settling trade payments in rupees

It has been decided to put in place an additional arrangement for invoicing, payment & settlement of exports/imports in INR, says RBI

Amid falling global prices, edible oil players see demand uptick

Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1

Northeast Frontier Railway records 28% growth in freight in Q1 FY23

NFR loaded 0.910 MT during the month of June, 2022. This is an increase of 7.9 per cent as compared to the corresponding period of last year, a spokesperson said on Monday

CBIC to issue SOP for GST summons to stop harassment of businesses

The new SOP will make officials more accountable and will also make the entire process transparent