Page 30 - Economy

Govt releases Foreign Trade Policy 2023, eyes $2 trn export target by 2030

India is likely to end this fiscal year with total exports of $760-770 billion as against $676 billion in FY22

Sugar getting even pricier now poses new threat to global food inflation

Prices of refined sugar surged to the highest in more than a decade this week, while the raw variety is near to the costliest in over six years

Pak's economy spiralling as friendly nations refuse to offer support: Rpt

Pak is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control

Initial field work for annual survey of services sector begins for 2022-23

However, the survey itself may not come up before the end of 2024

Tobacco in gunny bags to attract 28% GST, 71% compensation cess: AAR

No new product emerges from the post-coating process, rules authority in Gujarat

India needs to boost reforms push to raise potential growth: World Bank

The report said addressing the aftermath of financial sector distress in India could unlock significant growth

India mulls building LNG reserve to avoid future price hike or shortages

The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis

India's shrinking current account gap provides a reprieve for Rupee

Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1

Power challenge: Summer comes at a price for discoms as energy bills soar

Increase in cost has pushed states to seek tariff hike in the range of 15-30%

China foreign minister says nation's recovery to benefit US companies

Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country

World may split into rival economic blocs, it'll make all poorer: IMF chief

The IMF predicted growth of 2.9 per cent this year, and will release new forecasts next month

Pakistan professionals struggle with higher costs as economy teeters

Like most people in the nation of 220 million, Ahsan and her husband, who owns a car servicing business, are struggling to cope with a surge in living costs triggered

RBI central board reviews economic situation, global developments

The meeting comes in the backdrop of banking crisis in US triggered by the SVB collapse and the Fed's adoption of a softer tone on future rate hikes in its latest policy statement

Western Australia to improve ties with India, focus on green tech: Minister

Australian state 'uniquely placed' to work with India for energy transition, says Stephen Dawson

India set to surpass China in need for oil as growth paths diverge

With daily crude consumption triple that of China, traders and producers looking to tap into diminishing global demand growth will be betting on India into the next decade

US not considering 'blanket' bank deposit insurance: Treasury Secy Yellen

Yellen has earlier said that the US is prepared to take further actions to protect depositors if smaller lenders are threatened

Our sourcing from India has grown from 11% to over 23%: Bayer's Santos

In a Q&A, the president of the firm's crop science division says digital farming will be a key driver of the company's growth in India in the years ahead

Lanka economic crisis: From protests to IMF's $3-billion rescue

The IMF has approved a nearly $3-billion bailout which could help the country unlock up to $7 billion more from other lenders

The perfect moment for innovation or 'anusandhan' is now: Six reasons

Innovation can be a sustainable wealth creator for nations

At a crossroads: India's per capita emission increases 36% since 2011

The latest figure is nearly 8 times the level of 1960