Page 246 - Economy

Hedging, cost cut: India Inc takes cover as rupee plunges against dollar

Firms securing forex, cross-currency cover

CGST amendment on credit note: Compliance burden on suppliers may be higher

Credit note is given by the seller to the buyer in cases of sales returns, discounts and overbilling to reduce the amount payable by the buyer or adjust it against future payments

Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday

At the end of November, the Reserve Bank of India (RBI) had a $59 billion short position in the forward market

New income-tax Bill likely to receive Cabinet approval on Friday

New bill will not impose any additional taxes or create new burdens, says finance secretary

US jobless claims rise to 219,000, but layoffs remain relatively low

US applications for jobless benefits rose by 11,000 to 219,000 for the week ending February 1, the Labour Department said

Bengal receives investment proposals worth Rs 4.4 trn: CM Mamata Banerjee

Banerjee said investment proposals worth Rs 4,40,595 crore had been received. "I am extremely happy," she said

Govt trying to evaluate impact of US duties on certain countries: Report

India has imposed anti-dumping duties on several goods, including chemicals imported from China, and a number of anti-dumping investigations are going on

Homemade meals get dearer in Jan, non-veg thali pinches more: Crisil report

A jump in the chicken prices led to a more pronounced jump in the non-vegetarian thali, the monthly roti, rice rate report by a unit of ratings agency Crisil said

Bank of England cuts rates to 4.5%, sees higher inflation, weaker growth

Bank of England Governor Andrew Bailey said the BoE would be "monitoring the UK economy and global developments very closely and taking a gradual and careful approach to reducing rates further"

Labour ministry to soon seek Cabinet nod for pension scheme for gig workers

This assumes significance in view of the Budget announcement earlier this month by Finance Minister Nirmala Sitharaman about rolling out of a social security scheme for one crore gig workers

India's push for self-reliance in palm oil gets a boost with NMEO-OP

NMEO-OP aims to enhance palm oil production while securing farmers' livelihoods

Biomass co-firing, a sustainable solution to stubble burning problem

Process burns biomass and coal together to generate electricity, offering a way to tackle air pollution

Rural demand, price hikes drive growth in consumer goods sector: NielsenIQ

India's rural areas - which account for just over a third of consumer goods sales have proven a bright spot

New RBI Governor Sanjay Malhotra expected to begin interest rate cuts

The governor is chairing an almost entirely new six-member monetary policy committee

Govt likely to flag deportation by US military aircraft during Modi's visit

Discussions between the two sides will also cover the entire gamut of issues from trade, energy security to increased security cooperation, sources said

India open to revive US trade deal talks during PM Modi's upcoming visit

Inter-departmental meetings being held to identify key trade-related proposals

Growth in services sector slows to more than 2-year low: PMI survey

Overall new business continued to increase strongly as companies report rise in costs, it says

Rate cut expectations push rupee to a new low despite falling dollar index

Despite a weaker dollar index and stronger Asian currencies, the rupee depreciated due to stop-loss triggers, said dealers

Revenue department rejects panel's GST waiver demand on co-lending

In May 2024, the Department of Financial Services had asked SBI to set up a co-lending committee to address issues related to its business model

Secy group on asset monetisation to meet on Thursday; to discuss NMP 2.0

It will also review progress of first phase of project