Page 44 - Economy
Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months
Imports at 10-month low of $55.88 billion, trade deficit lowest in 7 months
 "Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months")
Indian steel mills hopeful as demand rises, China eases Covid curbs
Prices have plummeted some 29% in domestic market after peaking in April
 "Indian steel mills hopeful as demand rises, China eases Covid curbs")
Bond yields rise as debt auction sees weak demand; dip on weekly basis
The overall sentiment remained weak because of hawkish commentary from central bankers across the world, which dimmed the hopes of domestic interest rate cuts later in 2023, said a dealer at a bank
 "Bond yields rise as debt auction sees weak demand; dip on weekly basis")
Global coal consumption set to hit new high this yr despite ambitious goals
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report
 "Global coal consumption set to hit new high this yr despite ambitious goals")
Centre likely to announce measures to curb Chinese imports in Budget 2023
The imports of finished goods entering India from China directly or indirectly via a third country will most likely be restricted
 "Centre likely to announce measures to curb Chinese imports in Budget 2023")
Windfall tax slashed: Down 65% on crude oil, and 37% on diesel exports
Windfall tax: The levy on diesel exports has been cut from Rs 8 to Rs 5 per litre and on aviation fuel from Rs 5 to Rs 1.5 per litre
 "Windfall tax slashed: Down 65% on crude oil, and 37% on diesel exports")
US steelmakers flag recession concerns, energy costs could impact demand
Benchmark steel prices are down more than 50% this year as surging inflation has crimped appetite for longer-term projects
 "US steelmakers flag recession concerns, energy costs could impact demand")
China's economy braces for turmoil as Covid curbs ease, infections surge
The government's abrupt abandonment of its long-held Covid Zero strategy has made the outlook for the economy very uncertain as factories brace for disruption and labor shortages rise
 "China's economy braces for turmoil as Covid curbs ease, infections surge")
New York risks losing wealthiest residents over high taxes: Official
An analysis by New York City's Independent Budget Office released this week showed that the number of city taxpayers who earned between $1 million and $5 million declined 11% in 2020
 "New York risks losing wealthiest residents over high taxes: Official")
Maharashtra govt asks large infra firms to bid for Mumbai road projects
A company won project to build elevated road near Mumbai but municipal corporation cancelled the tender without explaining a reason
 "Maharashtra govt asks large infra firms to bid for Mumbai road projects")
Capital, consumer goods output under pressure as demand, investments slow
Segments are yet to recover from pre-covid period of 2019-20 when the economy started slowing down
 "Capital, consumer goods output under pressure as demand, investments slow")
Domestic workers need to work in 6 households to earn minimum wage: Study
Employers believe they pay enough, do not consider skills while setting the wage and favour "trustworthiness" over caste and religion, found a study of households in Bengaluru and Chennai
 "Domestic workers need to work in 6 households to earn minimum wage: Study")
Signs of global slowdown: Export credit demand shrinks 25% YoY in October
The data released by the Reserve Bank of India (RBI) showed a fall in export credit even though the bank credit saw a robust growth of 18 per cent
 "Signs of global slowdown: Export credit demand shrinks 25% YoY in October")
Those selling products at market rate can't claim charitable status: ITAT
Hospital's appeal against income tax department rejected; it is a private company that turned into a non-profit
 "Those selling products at market rate can't claim charitable status: ITAT")
Sri Lanka weighs favoured creditor clause to speed up debt talks with IMF
Sri Lanka is pursuing pacts with commercial and bilateral lenders to meet conditions for the IMF to disburse a $2.9 billion loan
 "Sri Lanka weighs favoured creditor clause to speed up debt talks with IMF")
Trade settlement with Russia in rupees to start next week: Report
Five to six banks have been allowed to open Vostro accounts for rupee trade settlement and 10-11 such accounts have been opened so far
 "Trade settlement with Russia in rupees to start next week: Report")
Japan's wholesale inflation near steady at 9.3% as commodity prices ease
Japan's November wholesale prices rose 9.3% from a year earlier, data showed, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak
 "Japan's wholesale inflation near steady at 9.3% as commodity prices ease")
Top Headlines: Tax-free slab to Rs 5 lakh, basic Customs duty cut, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Tax-free slab to Rs 5 lakh, basic Customs duty cut, and more")
BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam
European regulators' decision affects more market segments than US norms
 "BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam")
Is tilapia the next big idea for boosting India's aquaculture sector?
Rising demand, export potential, ease of production have turned the focus on the humble tilapia
 "Is tilapia the next big idea for boosting India's aquaculture sector?")