Page 31 - Economy

US bank crisis will have little impact on India: CEA V Anantha Nageswaran

Says lessons for India have not changed, banking sector should remain mindful of duration risk and credit risk, which then includes concentration risk

Roof mounted AC units for passenger coaches to have 28% GST: Punjab AAAR

Issue was product would come under which heading of harmonised system of nomenclature code

Taiwan's chip exports sputter on US-China tensions, falling demand

The total amount of semiconductors Taiwan shipped worldwide declined 17.3% last month from a year ago

Pak's effort to curb trade deficit leads to rising unemployment: Report

Curbing imports of raw materials to improve the trade balance is tantamount to cutting one's nose to spite one's face," according to the Dawn

Parikh panel's plan to link gas prices to global crude comes a cropper

When the suggestion was made, crude was at a huge discount to gas; but now, with the unpredictable course of fossil fuel prices playing spoilsport, govt may be forced to do a rethink

IMF wants friendly nations to give funds to cash-strapped Pak before deal

This has led to a delay in concluding talks with the IMF for the program, Pakistan Finance Minister Ishaq Dar told the upper house of parliament on Thursday

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose

Pension scheme for unorganised workers being evaluated: Govt to House panel

Against an enrollment target of 10 mn beneficiaries in each of the financial years starting 2020-21, only 522,868 workers were enrolled in the scheme in the past three years till Dec 2022

Volatile political situation in Pakistan delaying IMF deal: Report

The current volatile political situation in Pakistan has become a factor in delaying a much-needed deal with the Washington-based IMF that may stabilise the cash-strapped country's economy, according to a media report on Wednesday. Pakistan's economy is in dire straits. The country is awaiting a much-needed USD 1.1 billion tranche of funding from the International Monetary Fund (IMF). The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019, which analysts say is critical if Pakistan is to avoid defaulting on external debt obligations. Quoting diplomatic sources, the Dawn newspaper reported that global lenders, particularly the IMF, are seeking assurances from Pakistan that the future political setup in the country will respect any deal they sign with Islamabad. Pakistan and the IMF have been negotiating the resumption of an installed USD 7 billion IMF programme for months but have yet to reach an agreement. Last week, Finance Secretary Hamed Yaqoob Sheikh

Ukraine war: Is India complying with the Russian crude oil price cap?

Uncertainty about how much India pays is part of the murkiness around Russian oil flows more generally, as the trade shifts from the Atlantic basin to Asia and from large traders to smaller entities

IMF treating cash-strapped Pakistan like a 'colony': Maryam Nawaz

Pakistan is a "hostage" to the IMF which is treating the cash-strapped country like a "colony", senior leader of PML-N Maryam Nawaz has said while lambasting former prime minister Imran Khan for flouting the previous agreements with the global lender. Pakistan's economy is in dire straits. The country is awaiting a much-needed USD 1.1 billion tranche of funding from the Washington-based International Monetary Fund (IMF). The IMF is not ready to trust us. Pakistan is a hostage to the IMF and it is treating the country like a colony. Even if we try to come out of its clutches, we can't, Pakistan Muslim League (N) (PML-N) leader Maryam said while addressing the youth and social media activists in Model Town here on Monday. She castigated Pakistan Tehreek-i-Insaf chairman Imran Khan for flouting the previous IMF agreement, the Dawn newspaper reported. Because of this today we are begging for Rs 1 billion, the 49-year-old leader said. She drew the comparison of her father Nawaz Sharif'

Manufacturing output in IIP still shows weakness as headline numbers grow

One reason for decline is muted domestic demand, particularly in rural areas due to high inflation

We hope RBI will opt for a pause on rate hikes: CII president Sanjiv Bajaj

Inflation is coming under control. You've got all the right tailwinds for growth. And so we hope that RBI will take a pause on rate hikes, says Sanjiv Bajaj, President, CII

China could control a third of the world's Lithium supply by 2025: UBS AG

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022

FinMin pushes PSBs to enhance procurement via GeM to Rs 10,000 cr in FY24

GeM Sahay to provide short-term loans to all sellers

Govt panel concludes stakeholder discussion on digital competition law

Govt panel concludes stakeholder discussion on digital competition law

India, Australia pledge to boost economic and security relations

After the first India-Australia summit talks, Albanese said both sides are looking at firming up the CECA by 2023

India's exports growth momentum will have to come from its states

They can utilise opportunities for greater market access generated by free trade agreements

India and Australia plan military drills to boost defence ties over cricket

Australian Prime Minister Anthony Albanese announced new military exercises to be held with Indian forces in a speech on board the INS Vikrant aircraft carrier on Thursday

On the new Delhi-Mumbai expressway, a battle between the heart and the mind

If you are going to Jaipur from Delhi, the new stretch of the National Expressway 4 (NE4) makes the journey more enjoyable than the destination