Page 37 - Economy

An updated perspective on India

While markets could remain choppy and correct more, thought leaders in the investment world have turned positive

Oil and Natural Gas Co to bet on deepwater oil as India seeks to cut import

India, with a fast-growing appetite for crude, is eager to reduce its fuel import bill and bolster energy security, and has encouraged companies like state-controlled ONGC to do more

Why is growing rice becoming a challenge with each passing year

India being one of the major players in the world rice markets can't remain untouched with the weather and other challenges that the crop faces every year

Core inflation still elevated despite muted demand, easing supply situation

Some economists believe that firms are using the excuse of supply disruptions, earlier due to Covid-19 and now the Russia-Ukraine war, to increase prices, calling it 'excuseflation'

Trai blocks 120 sender IDs for bulk messaging over Chinese link in 2 months

An investigation by Indian Cyber Crime Coordination Centre (I4C) revealed that the sender IDs were hosted from China

Liquidated damages in certain cases to draw 18% GST, rules Andhra AAR

Such damages are the sum that one party receives when the other party fails to meet provisions of a contract

India stands firm at WTO: Our food subsidies ensure global food security

Under the trade norms, a WTO member's food subsidy bill should not breach the limit of 10 per cent of the value of production

India does not believe in conflict between ecology and economy: PM Modi

Prime Minister Narendra Modi on Sunday said India did not believe in conflict between ecology and economy but gave importance to coexistence between the two. Protection of wildlife was a universal issue, Modi said, launching the International Big Cat Alliance (IBCA), which endeavours to protect and conserve big cats. The Prime Minister was speaking after inaugurating the programme Commemoration of 50 years of Project Tiger' organised at Karnataka State Open University. Citing data about the tiger population in India, which stood at 3,167 in 2022, Modi said, "The tiger numbers that we have reached shows that this family of ours is growing. This is a moment of pride." Calling for a standing ovation to celebrate the rise in tiger population, he added, "I'm confident and I assure the world that in the days to come we will achieve more." According to the data, the tiger population was 1,411 in 2006, 1,706 in 2010, 2,226 in 2014, 2,967 in 2018 and 3,167 in 2022. Union Minister for ...

Santa Fe Relocation is celebrating and reflecting on fifteen years of moving talented professionals into and out of India

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Sri Lankan economy projected to contract by 4.3%, says World Bank

The Covid-19 pandemic, rising energy prices, populist tax cuts and inflation of more than 50 per cent has battered Sri Lanka

Axis Bank CEO flags risks of slowing economic growth, says report

Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry said he was watchful over consumer demand in the Indian economy and that expectations for growth might have to be tempered a bit

Deliberate on skill gap, social security finance: Teli urges G-20 countries

Union Minister Rameswar Teli on Monday called upon G20 countries to continue deliberations on the Employment Working Group's three priority areas - skill gaps, gig and platform economy and sustainable financing of social security- to translate them into clear strategies. Addressing the inaugural session of the second EWG meeting here, the minister said that "remarkable progress was achieved during the first meet at Jodhpur in February". The collective efforts of the G20 delegates, knowledge partners and guests have laid a solid foundation for the working group's three priority areas, Teli, the minister of state for labour and employment, said. The deliberations will be taken forward by the respective ministries in their countries after the formulation of the ministerial communique, he said. "The communique is key to defining the future direction of the global economy through its eventual implementation in the G20 nations, and moving towards tangible outcomes on the key priority are

Manufacturing PMI at 3-month high of 56.4 in March as input costs decline

Companies expect customers, new products, advertising to support sales for 12 months: S&P Global survey

Global uncertainties hit office demand, gross leasing falls: Colliers India

India's office demand has been affected by global economic uncertainties with gross leasing of workspace falling 19 per cent in January-March across six major cities, according to Colliers India. Real estate consultant Colliers India on Saturday released data on the office market, which showed that the gross leasing fell to 10.1 million square feet in January-March from 12.5 million square feet in the corresponding period of the previous year. New supply declined 34 per cent during January-March to 9.5 million square feet from 14.4 million square feet in the year-ago period. Gross leasing does not include lease renewals, pre-commitments and deals where only a letter of Intent has been signed. Colliers India said that the leasing of office space has fallen due to "delayed decision-making by occupiers amidst continued economic uncertainties". Bengaluru and Delhi-NCR accounted for half of the total leasing during the first quarter of this calendar year. As per the data, the gross le

Rupee weakens 7.8% against US dollar in FY23, most in three years

The rupee closed FY23 at 82.18 to a dollar, against 75.79 a year ago

India's current account deficit declines to 2.2% of GDP in Q3FY23

Underlying the lower CAD in Q3FY23 was the narrowing of merchandise trade deficit to $72.7 bn from $78.3 billion in Q2FY23, coupled with robust services and private transfer receipts, RBI said

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