Page 307 - Economy

India seen as growth engine for German investments in Asia-Pacific: Survey

AHK World Business Outlook, which surveyed around 820 members in Asia-Pacific and Greater China region, shows that 51 per cent of German companies based in India intend to increase their investments

India wants to enhance its influence over other countries: FM Sitharaman

While participating in discussion on 'Bretton Woods Institutions at 80: Priorities for Next Decade', FM stated that no country, whether US which is far or China which is very close cannot ignore India

Govt lifts curbs on non-basmati white rice exports, removes floor price

On September 28, the government withdrew a blanket ban on overseas shipments of non-basmati white rice and imposed the floor price

Major port cargo rises 6% in September at 65 million metric tonnes

The previous month saw a near 9 per cent increase in export-import (Exim) cargo and a 1.9 per cent fall in coastal cargo

MPC members comfortable on inflation; external ones cite slack demand

All members unanimously agreed to change the policy stance to neutral from withdrawal of accommodation

Growth needs to be supported by cheaper credit: MPC external member Nagesh

Food inflation driven by supply side rather demand which is addressed by monetary policy

Thaw in Indo-China ties: How bilateral trade fared in last decade

China has been among India's top two trade partners for close to over a decade, although New Delhi's import dependency on Beijing has been high as compared to exports

India's economic growth an example for many Brics nations, says Putin

"All of us talk about the need to ensure high economic growth rates; you (Modi) manage to do this successfully," Putin was quoted as saying by the state-run TASS news agency

DGFT notifies policy conditions for exports of sesame seeds to US

In a separate notice, the DGFT notified the procedure for filing of annual Remission of Duties and Taxes on Exported Products (RoDTEP) return

Satellite spectrum wars: No auction, foreign companies likely to benefit

Despite domestic telcos' insistence, earlier legal judgements have only called auction 'preferable' in the case of natural resources

Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

IMF should introspect, ensure they don't have mission drift: Sitharaman

'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'

Trai releases consultation paper on satellite gateway authorisations

In the latest paper, Trai has asked whether there is a need to review the eligibility conditions for the existing SESG authorisation, which was recommended in 2022

Chinese imports hit Indian construction equipment manufacturing sector

Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports

Artificial rainmaking still under research, says IMD chief Mohapatra

The IMD chief talked about the improved forecasting system, global warming impact, and the artificial intelligence (AI) applications

Diesel consumption to rise 3%-4% in FY25, says Indian Oil chairman

India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the movement of trucks

India largest growing economy: IMF lists 3 focus areas for growth reforms

IMF Asia Pacific Department Director Krishna Srinivasan suggested that India's reform priorities should be in three areas: Jobs, existing trade barriers, and infrastructure sector

India to retain investment curbs from border nations: FM Sitharaman

In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations

India remains world's largest growing economy with good fundamentals: IMF

In terms of fundamentals, IMF official said, 'despite elections, fiscal consolidation remains on track, reserve position is pretty good, and macro fundamentals, generally speaking, for India are good'

Focus on Infra, investment to make India developed by 2047: FM Sitharaman

To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said