wheat import: India has no plans to import wheat for now: Piyush Goyal
India does not plan to import wheat and its farmers are likely to harvest a bumper crop that will boost stockpiles in the world’s second-biggest producer of the staple, the trade minister said on Saturday. “Ground reports indicate that the…
India masur production: Govt says masur production may touch record 1.6 mn tons this rabi season
The country’s masur (lentil) production is estimated to touch an all-time high of 1.6 million tonnes in the 2023-24 rabi season on higher acreage, according to Consumer Affairs Secretary Rohit Kumar Singh. Masur production stood at 1.55 million tonnes in…
Interim Budget 2024: Plans afoot to privatise a state-run bank and a general insurance firm
New Delhi: The government is expected to announce its commitment to reforms in the financial sector in the upcoming interim budget, laying the roadmap for big bang announcements in 2024-25, including the privatisation of a state-run bank and a general…
fuel tax: Budget 2024: A likely fuel tax cut will support India’s consumption
Budget 2024: As we head towards the interim budget, there are increased debate and discussions on what the government should do to further bolster growth in the ensuing fiscal. One aspect that keeps coming up for consideration is whether the…
India shares social security data with US
India has shared with the US data related to its various social security schemes such as Employee Provident Fund Organisation, National Pension Scheme and Employee State Insurance Corporation, eyeing a totalisation agreement with Washington. New Delhi, will this week, push…
Rajnath Singh, David Cameron appreciate momentum of India-UK partnership
Defence Minister Rajnath Singh who is on a visit to the UK held a meeting with British Foreign Secretary David Cameron on boosting ties between the two nations. The two leaders appreciated the new momentum and direction of the India-UK…
Former Prime Minister of Belgium Yves Leterme emphasises on inclusiveness in education
Former Prime Minister of Belgium Yves Leterme said on Wednesday that the European Union is focusing on Free Trade Agreement with India in coming days and emphasized on inclusiveness in education and said that challenges of illiteracy should be addressed….
electric vehicle: Govt to build 6,000 km of electric vehicle-ready highways on Golden Quadrilateral
New Delhi: The government is working on a plan to build electric vehicle-ready highways on the Golden Quadrilateral in a major effort towards reducing fuel consumption and vehicular emissions through electrification of intercity public transport. People in the know told…
Tax exemption notified for non-residents’ investments in offerings by IFSC
New Delhi: The Centre on Friday notified the income tax exemption for investments by a non-resident in a financial product offered by capital market intermediary in International Financial Services Centre. The tax exemption, introduced in the budget last year, will…
india vehicle exports: Piyush Goyal asks auto industry to raise share of vehicles exports to 50% from 14% now
Commerce and industry minister Piyush Goyal on Friday urged the automobile industry to set a target of increasing the share of vehicles being exported to 50% of all passenger vehicles produced in the country by 2030 from 14% in the…
Credit growth signals robust Q3 for India Inc
Kolkata: Early business data from lenders, published ahead of the month-long earnings season starting next week, showed that Indian companies are on track to report yet another quarter of robust performance amid buoyant consumer demand, although rising cost of funds…
Amit Shah launches tur dal procurement portal; sets 2027 as target to become self reliant in pulses
New Delhi: Cooperation Minister Amit Shah on Thursday inaugurated a tur dal procurement portal through which farmers can register and sell their produce to NAFED and NCCF at a minimum support price or market price. A similar facility will be…
global financial markets: India’s no longer ‘fragile’, can weather global market volatility
The roiling of global financial markets has always led to worries on the currency front back home given the high current account deficit. This year though, any volatility resulting from global spillovers may not lead to runaway depreciation of the…
Taxing times: Why are so many companies getting GST notices?
On the New Year day, Life Insurance Corporation of India (LIC) got a demand notice of about Rs 806 crore for alleged short payment of Goods and Services Tax (GST) for 2017-18. LIC has received the communication/demand order on Monday…
Bharat Dal: Nafed feels the pulse, ropes in pvt retailers to sell subsidised grains
For the first time, the government subsidised foodgrain in consumer packs have become available to consumers through private retail channels. Government agency Nafed launched the pilot of selling subsidised pulses under the Bharat Dal brand through Reliance Retail and Big…
Tea production falls by 6.18pc to 127.12 mkgs in Nov 2023
KOLKATA: Tea production in the country has dipped by 6.18 per cent to 127.12 million kilograms in November 2023. According to Tea Board data, the production in the year-ago month was 135.49 million kgs. In North India, primarily comprising Assam…
Work demand under rural job scheme declines again in December
Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) moderated for a second straight month in December from a year before, official data showed, reflecting the impact of improved economic activities. The preliminary data compiled by…
government: Govt procures 25,000 tonnes of kharif onion so far for buffer stock
The Centre has so far procured 25,000 tonnes of onion grown in the 2023 kharif season for maintaining a buffer stock, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The government is procuring onion to maintain a buffer stock…
CMAI expects India’s y-o-y apparel exports to UAE to increase by 10-15%
Indian apparel exporters, known for white label manufacturing for the global brands, now want to take Indian national and local brands to the international markets. The growing strength of home-grown brands, their capacity to offer international standards at reasonable rates…
British PM Rishi Sunak: British PM Rishi Sunak keen to clinch FTA with India by April: Report
London, British Prime Minister Rishi Sunak is keen to clinch a Free Trade Agreement (FTA) with India in time for Easter, which falls at the end of March 2024, according to a UK media report. The India-UK FTA talks began…
India-UAE ties transcend to multilateral level in 2023
The already strong India-UAE ties transcended to a truly multilateral level in 2023 with the announcement of the strategically important India-Middle East Economic Corridor and the expansion of the BRICS grouping to include the key Gulf nation. The bilateral ties…
India Australia trade deal: India, Australia may ink full trade deal after 2024 LS Polls
India may sign the comprehensive trade deal with Australia only after the conclusion of the general elections next year as Canberra has sought access to India’s agriculture market, a senior government official said Friday. “The government is reluctant to commit…
Indian economy news: India’s key infra sectors’ growth slows to 7.8% in Nov from 12.1% in Oct
The growth of eight key infrastructure sectors grew by 7.8 per cent year-on-year in November after registering a growth of 12.1 per cent a month before, data from the Ministry of Commerce & Industry showed on Friday. The index of…
Final ONDC sellerto be liable for TCS, CBDT clarifies
NEW DELHI: If multiple e-commerce operators are involved in a single transaction, the responsibility of compliance will lie with the operator which receives the final payment, the Central Board of Direct Taxes (CBDT) clarified on Thursday. This will put an…
RBI Financial Stability Report: RBI flags contagion risk, says stress in NBFC sector assessed to be higher than in March 2023
While macro stress tests for credit risks indicate that even under a severe stress scenario all banks would be able to comply with minimum capital requirements, stress in the NBFC sector could be higher relative to March 2023, the Reserve…
Basmati prices cool at home as a restive Red Sea hurts exports
KOLKATA: Exports of basmati rice have fallen due to militant attacks against merchant ships in the Red Sea, leading to 5-10% fall in basmati prices in the domestic market, exporters said. Leading shipping lines’ decision to avoid the Suez Canal…
RBI’s repo sees strong demand, traders eye more cash infusion in Q4
The Reserve Bank of India’s (RBI) infusion of 500 billion rupees ($6 billion) through a two-day variable rate repo on Wednesday saw strong demand from banks, boosting hopes of more short-term cash infusions through March. India’s banking system liquidity deficit…
ET analysis: Surging corporate profits to help ease Reserve Bank’s inflation fight
Mumbai: India’s consumer price gauge hit a half century of stubborn defiance in November. For the 50th month, the reading on the politically sensitive gauge strayed from the 4+/-2 percentage guideposts, with a surge in food prices causing an ungainly…
fiscal deficit: Fiscal deficit at 6% to exceed government target in FY24: Ind-Ra
India’s fiscal deficit is likely to breach the government’s target of 5.9% in FY24 owing to higher revenue expenditure and lower than budgeted nominal GDP, ratings agency India Ratings and Research said Tuesday. It noted that although higher tax and…
RBI may not have to drain cash further as core liquidity declines
Mumbai: The Reserve Bank of India need not have to tighten liquidity any further as a metric cited by the central bank has fallen below levels that could stoke inflation, potentially paving the way for Mint Road to effectively deliver…
Budget 2024: Interim Budget 2024: Types of deficits and how they are calculated
Union finance minister Nirmala Sitharaman will be presenting her sixth Budget in 2024. The Budget will be presented on February 1, 2024. The upcoming Budget will be for the next financial year (starting April 2024 to March 2025) i.e. FY25….
infrastructure projects: 421 Infra projects hit by cost overrun of Rs 4.40 lakh crore in Nov
As many as 421 infrastructure projects, each entailing an investment of ₹150 crore or more, were hit by cost overrun of more than ₹4.40 lakh crore in November this year, an official report said. According to ministry of statistics and…
India’s economic growth to boost demand of corporates: Fitch Ratings
Leading credit rating firm Fitch Ratings expects that India’s resilient economic growth will boost demand of the corporates. In its latest research report on ‘India Corporates: Sector Trends 2024’, Fitch said that this is a sequel to the robust performance…
unemployment: Unemployment challenge resurfaces amid parliament attack. But will it affect voters’ choice?
While traditional economic conflicts, such as worker strikes, have been on the wane, the vicious circle of low employability, leading to few jobs, mass unemployment and frustration, is now showing up in new forms of social conflict,” former RBI governor…
budget 2024: Who will present Interim Budget 2024, and how is it prepared?
Finance Minister Nirmala Sitharaman is set to present her sixth consecutive budget since 2019, placing her in an exclusive category of finance ministers who have delivered at least five consecutive Union Budgets. This distinguished group includes notable figures such as…
A lot of things need to be developed across different agricultural pockets from north to south of Bengal: Bengal Food Processing Minister
Kolkata: A number of things need to be developed across different agricultural pockets from north to south Bengal, West Bengal Food Processing Industries and Horticulture minister Arup Roy said at a conclave organized by Indian Chamber of Commerce (ICC). The…
Budget FAQ 2024: Interim Budget vs Vote on Account – How two are different?
Ahead of the Lok Sabha elections 2024, Finance Minister Nirmala Sitharaman will present the interim budget of the Modi government on February 1, 2024. Before this, Piyush Goyal, then serving as the acting Finance Minister, presented the interim budget preceding…
Does IMF view on exchange pate policy matter to India?
Recently, the International Monetary Fund (IMF) reclassified India’s exchange rate regime to ‘stable’ from ‘floating’. However, the Reserve Bank of India has said that such a reclassification is incorrect. What would the reclassification mean for future RBI actions? Gayatri Nayak…
Retail inflation: Retail inflation for farm workers rises to 7.37 pc in November, 7.13 pc for rural labourers
Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and…
CBDT amends safe harbour norms for intra-group loans
India’s apex direct taxes body Wednesday unveiled new safe-harbour provisions for intra-group loans extended by companies to their subsidiaries, removing the condition of sourcing debt in Indian rupees for consideration during tax calculation. Safe harbour rules for intra-group transactions prescribe…
Rice prices India: Govt closely monitoring rice situation in domestic, intl mkts on weekly basis
The government is closely monitoring the rice situation in the domestic as well as international markets on weekly basis and it can increase the percentage share in global rice trade when favourable conditions arise, Parliament was informed on Wednesday. India…
Clutch of funds in race for NIIF’s $1.2 billion roads portfolio
Mumbai: Up to 10 global and domestic infrastructure funds, including the likes of KKR, have shown interest in acquiring the road assets owned by the government backed infrastructure fund, National Investment and Infrastructure Fund (NIIF), said multiple people aware of…
India per capita income: India needs to fix one issue before becoming 3rd largest economy, as per Bandhan Bank MD
Bandhan Bank managing director Chandra Shekhar Ghosh on Tuesday said there is a need to increase per capita income to make India third largest economy in the world. The per capita income of the fifth largest economy, as per the…
Inflation: Curry mix adds some spice to inflation: Impact on retail prices expected
New Delhi: Your curry mix is adding some spice to inflation with prices of jeera, turmeric, chillies, black pepper and other spices soaring as lower crop acreage and pest infestation have impacted their production. Spices inflation has remained above 22%…
India likely to achieve fiscal deficit target in 2023-24, says govt
The Indian government is likely to achieve its fiscal deficit target of 5.9% of gross domestic product (GDP) in the financial year 2023-24, junior finance minister Bhagwat Karad said on Monday. India’s fiscal deficit in the first seven months of…
pink bollworm: As if bales of problems weren’t enough, pink bollworm hits Northern farmers hard
For Manish Mehta, a farmer in Dabwali village in Haryana’s Sirsa district, cotton has been a reliable crop for years. This time, he grew cotton in 40 acres of land. After all, cotton requires less water than paddy, and in…
Number of GST return filers up 65 pc to 1.13 cr in 5 years; 90% filing tax payment form in time
The number of GST return filers rose about 65 per cent to 1.13 crore in 5 years till April 2023 as compliance by taxpayers improved, the finance ministry said on Sunday. Also, the number of active taxpayers registered under GST…
If growth rate is not over 6%, India will remain lower middle economy by 2047: Raghuram Rajan
Hyderabad: Former Reserve Bank Governor Raghuram Rajan said India will still remain a lower middle country if the growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the…
13 states, Union Territories among achievers in logistics performance index 2023: DPIIT report
Andhra Pradesh, Karnataka, Tamil Nadu, Chandigarh, and Gujarat are among the 13 states and Union Territories that have again been categorised as “achievers” in the logistics index chart 2023, according to a report released by the Commerce and Industry Ministry…
sugar mills: Curbs may be eased on sugar use for ethanol production
The government is likely to allow diversion of 1.7 million tonnes of sugar for the production of ethanol, an official aware of the matter said Friday, a few days after it directed sugar mills and distilleries not to use sugarcane…
vegetable oils import: India sees 25% fall in vegetable oils import in Nov: SEA
The country’s vegetable oils import declined by 25 per cent to 11.60 lakh tonne in November, the first month of the 2023-24 oil year, compared to 15.45 lakh tonne in the year-ago period, industry body SEA said on Friday. Of…
budget: Commerce Ministry shares list of goods facing inverted duty structure
The commerce and industry ministry has shared a list of 13-14 products with the finance ministry that face issues related to the inverted duty structure, an official said. Inverted duty structure is a situation when inputs are taxed at higher…
WPI inflation: Wholesale price index returns to inflation after seven months
Wholesale inflation turned positive in November after witnessing seven months of deflation, as a pick-up in wholesale food inflation and fading base effect turned the cycle. The Wholesale price index registered a 0.26% increase in November, compared with 0.5% deflation…
Poultry sector to seek reduction in import duty on maize & soyabean
PUNE: Food shortages created due to the erratic monsoon are not limited to humans. The poultry industry is going to request the central government to reduce import duty on maize and soyabean to tackle a scarcity of feed for their…
Services exports hit USD 192 bn so far this fiscal: SEPC
The country’s services exports have touched USD 192 billion so far this fiscal and are expected to reach USD 400 billion by the end of 2023-24, SEPC said on Wednesday. Services Export Promotion Council (SEPC) said that key sectors which…
economy: Fiscal Prudence Remains Top Priority: Finance Minister Nirmala Sitharaman
Finance minister Nirmala Sitharaman on Tuesday said fiscal prudence without compromising on judicious social welfare spending remains the cornerstone of the government’s policy. Replying to a debate on the first batch of supplementary demands for grants for FY24, which was…
India Oman ties: Indian goods worth USD 3.7 billion entering Oman to get boost by free trade agreement: GTRI report
Over 83.5 per cent of Indian goods worth USD 3.7 billion such as gasoline, iron and steel, electronics, and machinery will get a significant boost in Oman, once both sides reach a comprehensive free trade agreement, a report said on…
old pension scheme: No plan to restore Old Pension Scheme: Centre
The Centre on Monday told Parliament that it is not considering any proposal to restore the old pension scheme for central government employees. “No proposal is under consideration of the Government for restoration of OPS in respect of Central Government…
rice bran: Govt extends export ban on de-oiled rice bran till March 2024
The government has extended the export ban on de-oiled rice bran, a major ingredient in preparation of cattle and poultry feed, till March 31 next year, according to a notification. It was first banned in July this year. “Export prohibition…
RBI’s unlikely to cut interest rates before June next year
MUMBAI: Markets worldwide may be keenly awaiting a return to lower interest rates, but a domestic derivatives gauge shows the Reserve Bank of India (RBI) is unlikely to start an easing cycle for at least six to eight months until…
FinMin to empanel merchant bankers, law firms for disinvestment via OFS, dribbling
The Finance Ministry has invited bids for the empanelment of merchant bankers and legal advisors for assisting the government in CPSE disinvestment transactions undertaken through OFS and stock market dribbling. The bids have been invited in four categories — A++,…
Soaring high end, falling low end: India’s consumption story splits in two after pandemic
India’s consumption story is a baffling tale of contrasts. Luxury apartments, fancy cars and top-end consumer goods are flying off the shelves. Malls and restaurants are full while hotel rooms are pricier than ever amid surging demand. Meanwhile, FMCG companies…
India: World recognises that there’s no option but to come to India for a large demand: Piyush Goyal
Union Minister Piyush Goyal, speaking at the 23rd Apparel Export Promotion Council (AEPC) Excellence Honours, stated that the world recognises the need to engage more deeply with India due to its substantial demand. “The opportunities (in India) are huge. The…
Trying to crack toughest knots in FTA talks: UK envoy Alex Ellis
India and the UK are “trying to crack the toughest knots” in the Free Trade Agreement negotiations, British High Commissioner Alex Ellis said on Friday. He said this during an interactive session at the Annual Convention of FICCI. “We are…
LIVE | RBI Monetary Policy: Post Monetary Policy press meet by RBI Governor Shaktikanta Das
LIVE | RBI Monetary Policy: Post Monetary Policy press meet by RBI Governor Shaktikanta Das
Timely policy interventions help India remain fastest growing economy: Sanjiv Puri, chairman and managing director of ITC
New Delhi: India is the best performing economy in current times because of policy interventions by the government and green shoots of recovery are emerging in the rural economy as inflation is becoming moderate, Sanjiv Puri, chairman and managing director…
Status quo to continue? RBI may retain repo rates and focus on liquidity tightening; GDP aim may see uptick
The Reserve Bank of India’s rate-setting panel, Monetary Policy Committee (MPC), is likely to keep the repo rate unchanged at 6.5 per cent for the fifth consecutive time, shifting its focus on liquidity tightening, according to some economists. RBI Governor…
ICC focuses on India-Italy bilateral trade, appoints Vas Shenoy as its Chief Representative in Italy
In a bid to explore new opportunities and strengthen trade relations between India and Italy, the Indian Chamber of Commerce (ICC) has appointed Vas Shenoy as its Chief Representative for Italy. The Chamber aims to prioritize Italy as a strategic…
Apple India manufacturing: Source iPhone 16 batteries from India: Apple tells its component suppliers
Adani Stocks Zoom up to 20% in Best Single-day Show Adani Group stocks surged on Tuesday, adding ₹1.93 lakh crore to market capitalization and marking their best single-day market performance, following a report by Bloomberg that quoted an unnamed official…
I&B sector attracts ₹6,058 crore FDI in H1 of FY24
The information and broadcasting (I&B) sector has attracted foreign direct investment (FDI) worth ₹6,058 crore in the first half of FY24, surpassing the previous fiscal’s FDI inflow of ₹3,745 crore. As per data sourced from the Department for Promotion of…
India, UK seek to wrap up trade talks before busy election year
India and the UK have begun crunch-time talks to secure a landmark free-trade deal, as leaders on both sides seek to resolve outstanding issues before they face election battles next year. A UK team — including Amanda Brooks, director general…
Govt mulls substantially expanding NCLAT strength to speed up insolvency, M&A appeals
The government is considering a crucial proposal to significantly expand the member strength of the National Company Law Appellate Tribunal (NCLAT) to 20 (including the chairman) from the currently-sanctioned 12, a person aware of details told ET. The idea is…
RBI has food for thought but likely to keep rate pause
MUMBAI: The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to keep interest rates unchanged this week while signalling tight liquidity conditions and vigilance on inflation, as rising food prices are seen exerting upward pressure on upcoming consumer…
Out of Rs 1 lakh cr worth of FDI proposals from nations sharing land border with India, half is cleared: Official
The government has received foreign direct investment (FDI) proposals worth about Rs one lakh crore since April 2020 from countries sharing land border with India and half of those applications have been cleared so far, a top official said. The…
Inflation ties heartland’s wedding consumption in knots
Persistent inflation is subduing wedding celebrations in India’s rural and semi-urban markets, particularly the large Hindi heartland, with demand faltering for customary wedding items such as gold jewellery and household appliances. Inflationary pressures are disrupting household budgets and there has…
We copy-pasted the advanced economies during global financial crisis: IMF Executive Director – The Economic Times Video
New York (USA): On former RBI Governor Raghuram Rajan’s statement regarding the growth of Indian GDP, KV Subramanian, Executive Director of the International Monetary Fund (IMF) and Former Chief Economic Advisor to the Government of India, on December 02 said…
rural demand: A strong third quarter on the cards for the Indian economy
India’s economy is set for a strong third quarter after a stellar show in the July-September period, showed a series of high-frequency indicators released on Friday. Manufacturing picked up pace in November, goods and services tax (GST) collections posted another…
GST collections rise 15 per cent to Rs 1.67 lakh cr in November – The Economic Times Video
GST collections surged by 15 percent to reach Rs 1.67 lakh crore in November, the Finance Ministry announced today. Goods and Services Tax (GST) mop-up was over Rs 1.45 lakh crore in November 2022. The November 2023 collections are, however,…
Surprise boost: Economy grows 7.6% in Q2, beating estimates
India’s economy expanded 7.6% in the September quarter from a year earlier, exceeding expectations as manufacturing posted strong growth and investments gathered pace. Private consumption was tepid while a patchy monsoon dented farm growth, according to government data released on…
Retail inflation: Retail inflation for industrial workers eases to 4.45 per cent in October
Retail inflation for industrial workers eased to 4.45 per cent in October from 4.72 per cent in September mainly due to lower prices of certain food items. Retail inflation based on All-India Consumer Price Index for Industrial Workers (CPI-IW) was…
municipal corporations: SEBI urges municipal corporations to enhance transparency for urban infrastructure bonds
Sebi chairperson Madhabi Puri Buch on Wednesday asked municipal corporations to display higher levels of transparency by creating digital escrow accounts to ring-fence certain cash flows and obtain credit ratings to burnish the allure of their bonds, adding that investor…
Female labour force participation rises to 24%; unemployment declines below 9%: Survey
The position of women in the urban job market improved further in the second quarter of FY24, with the female labour force participation rate rising to 24% compared with 23.2% in the previous quarter and 21.7% in Q2FY23, showed government…
Mission mode: Govt ups watch on Smart Cities
The government has stepped up monitoring of projects under the Smart Cities Mission (SCM), with about 21% of the projects yet to be completed and seven months remaining to meet the extended deadline of June 2024, said officials. “We are…
sustainability: Cash may still be king despite pick up in digital transactions
Even as post COVID pick up in digital transactions has slowdown the demand for cash in the country, a research paper by RBI economists says that cash is still a preferred as savings instrument for its ‘store of value’ and…
subsidy bill: India braces for a Rs 50,000 crore rise in its subsidy bill for FY24
New Delhi: India’s overall subsidy bill may surge by ₹50,000 crore this fiscal year because of increased expenditure on fertiliser, cooking gas and food security. The government expects to meet this higher spending from savings under other heads in its…
india: India needs to position itself as global mfg hub as China witnessing repeated outbreaks: GTRI
With China witnessing repeated outbreaks of respiratory ailments, India can position itself as a global manufacturing hub by enhancing its supply chain capabilities and investing in healthcare infrastructure, think tank GTRI said in a report.India can leverage its workforce and…
wto: India, 20 others to talk agriculture subsidies at WTO tomorrow
India, along with at least 20 other countries, will deliberate the way forward on trade distorting subsidies that have prevented substantive progress in the multilateral agriculture negotiations, at a key mini-ministerial meeting of the World Trade Organization (WTO) this week….
Seen huge increase in imports from India, says Swedish Financial Markets Minister
Higher interest rates and various military conflicts may have dampened global economic demand, but imports of Indian goods to Sweden have registered a “huge increase” this year, Niklas Wykman, Minister for Financial Markets, Sweden, said to Bhaskar Dutta. In 2022,…
Require multilateral discussion under a WTO body, say India, South Africa and Egypt
NEW DELHI: India, South Africa and Egypt have told the World Trade Organisation (WTO) that the informal discussions on dispute settlement reforms – initiated and led by the US last year – are not a substitute for multilateral talks and…
dbt: Tur and onion growers may be paid via DBT for procurement
New Delhi: The government plans to pay farmers for the purchase of tur and onions by directly transferring the amount to their bank accounts within 48 hours of the procurement, said a senior official. Until now, the National Agricultural Cooperative…
local exotic flowers: As local exotic flowers bloom, imports wilt
Wedding planner Mukta Kapoor recently had a client request an arrangement of locally grown nargis flowers (daffodils). And she’s not the only one. There’s a growing trend of Indians opting for domestic produce, as opposed to imported blooms. India’s increasing…
CPSE dividend: Surplus CPSE dividend unlikely to offset disinvestment revenue shortfall in FY24
Unlike in the last fiscal, surplus dividend by Central Public Sector Enterprises (CPSEs) may not entirely make up for an expected steep shortfall in the government’s disinvestment proceeds in FY24 from the budgeted Rs 51,000 crore, now that the strategic…
forex reserves: India’s forex reserves up by $5.08 bn to $595.4 bn
India’s foreign exchange reserves increased by $5.077 billion to $595.397 billion for the week ending November 17, the latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves witnessed a drop of $462 million to…