Page 296 - Economy

India looks to establish standardised negotiation process for trade deals

The government is seeking to revive a decade-old proposal to streamline FTA negotiations, especially in the backdrop of imbalanced deals with a couple of trade partners

Rupee settles at new low of 84.41 as US dollar strengthens, FII outflows

The dollar index rose to 106.66 per cent on Thursday post the US CPI data. Dollar index measures the strength of the greenback against a basket of six major currencies

Market sets exchange rate, RBI acts to curb undue volatility: Governor Das

Important to note that the exchange is a barometer of the economy's strength, Governor Shaktikanta Das says

India-US trade to continue to grow despite regime change: Commerce Secy

During 2001-23, at a Compounded Annual Growth Rate (CAGR), India's exports to America rose by 10.48 per cent. In this period, the US imports from the world have grown by 4.76 per cent

WPI inflation hits 4-month high of 2.36% in October on food price spike

The latest WPI data comes days after Consumer Price Index data showed retail inflation hit a 14-month high of 6.2 per cent, also spurred by a rise in food prices

WPI inflation rises to 4-month high of 2.36% in Oct, food prices surge

Inflation in potato and onion remained high at 78.73 per cent and 39.25 per cent, respectively, in October

Centre expects to exceed gross direct tax collection target for FY25

Actual tax liability declined by 40% for those earning between Rs 10-20 lakh

ICAI to knock on MCA door against proposed audit standard revision

The NFRA, after its board meet, has suggested revisions to 40 Standards on Auditing

FPI-FDI transition to give overseas funds more elbow room, say experts

Move to open the door for higher exposure in startups, mid-size firms

As kharif harvest gains momentum, what's in store for crop prices?

As the Kharif harvest season intensifies, crop prices may see shifts driven by increased arrivals, inflation pressures, and recent govt interventions aimed at stabilising key agricultural commodities

Severe action to be taken for causing harassment to taxpayers: Sitharaman

The finance minister added that manufacturing is a priority for the government, and various schemes have been developed for this purpose

India's outward FDI rises to $3.7 billion in October 2024: RBI data

Equity commitments fell to $655.84 million in October 2024, compared with $993.35 million a year ago and $817.64 million recorded in September 2024

Civic bodies need major reforms to enhance revenue sources: RBI report

Central bank says revenue sources not adequate for meeting revenue expenditure of most of the MCs, which affects their functional and financial autonomy

Municipal corporations need to enhance own sources of revenue: RBI report

The 'Report on Municipal Finances' released by the Reserve Bank noted that the demand for high-quality public services in urban areas is growing rapidly with a rising urban population

RBI inflation target credible as expanding supply will curb pressure: S&P

India's retail inflation soared to a 14-month high of 6.21 per cent in October --above the RBI's tolerance band, mainly on account of rising food prices. It was 5.49 per cent in September

20,000 weddings daily in Delhi: Roads and business to be 'overloaded'

On November 12, which marked the auspicious occasion of Dev Uthani Ekadashi (also known as Prabodhini Ekadashi), around 50,000 weddings were reported to have taken place in the national capital

'AI could replace CEOs': Shankar Sharma cautions IT sector to face reality

While the ace investor acknowledged that AI is still in its nascent stage, it is here like a 'foreign hand' conspiracy theory that has plans to 'snatch food away' from Indian youth's table

India's middle class tightens its belt as inflation reaches 14-month high

Since the end of the pandemic, India's economic growth has been driven in large part by urban consumption, however, that now seems to be changing

Haryana's per capita income at Rs 3 lakh, but 70% are below poverty line

Data shows that around 7.5 million people have fallen into poverty in the past two years. However, this figure may not fully reflect Haryana's poverty situation due to registration limitations

Rupee falls to all-time low of 84.40 against US dollar in early trade

Forex traders said the USDINR pair has shown significant volatility in recent sessions, with the rupee inching closer to its all-time low of 84.40