Page 4 - Economy & Policy News

Indian sugar prices climb as production drops amid record demand

Sugar demand rises as consumption of cold drinks and ice cream climbs in India during the summer months that run roughly from April to June

Centre aims for low premium, coverage with new livestock insurance scheme

According to the parliamentary panel's reports, not even a single livestock was insured during 2022-23, whereas in 2021-22, 174,061 animals were insured

Centre to come up with a single trade body to promote exports: Report

Last month, the Centre unveiled its new foreign trade policy (FTP 2023) setting a target of achieving $2 trillion in exports by 2030

Trade talks with UK still on, reports of pause 'baseless': MEA official

In a bid to bring negotiations back on track, the UK Home Office is planning to make an announcement in the coming weeks and a crackdown on Sikh extremists

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

Inflation may ease in March on softening food prices, says poll

Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices

Gold imports decline 30% to $31.8 billion in April-February 2023

According to industry experts, high import duty on gold and global economic uncertainties are the reason for the dip in the imports of the precious metal

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

Google tax mop-up slips for first time to Rs 3,864 crore since inception

Uncertainty over OECD's global tax deal affects collection in FY23

Goods exports hit $447 bn in FY23; final data awaited: Piyush Goyal

Services exports likely to see sharper jump, estimated to cross $320 billion in FY23 from $254 billion a year ago

Himachal Pradesh launches project Sanjeevani to empower dairy farmers

Himachal Pradesh's economy is largely banking on agriculture and animal husbandry. With a livestock population of about 4.41 million, their care is an essential part of every rural household

Real estate institutional investment up 37% to $1.65 bn in Jan-Mar: Report

Institutional investment in real estate increased 37 per cent to USD 1.65 billion during January-March, driven by higher inflow in office and housing properties, according to Colliers

Govt to set up 16th Finance Comm in 2023 for Centre-state tax devolution

The government is likely to set up the 16th finance commission this year to suggest, among other things, the ratio in which tax is to be divided between the Centre and states for five years

India's coal imports rise 32% to 148.58 mn tonnes in Apr-Feb: Report

India's coal imports increased by 32 per cent to 148.58 million tonne (MT) in April-February FY23 against 112.38 MT in the year-ago period, according to a report

More than 408.2 mn loans amounting to Rs 23.2 trn sanctioned under PMMY

PMMY aims to facilitate easy collateral-free credit of up to Rs 10 lakh to micro-entrepreneurs for income-generating activities

Over 40 cr loans sanctioned under MUDRA scheme in last 8 yrs: Govt

The MUDRA scheme has helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy

Interstate flow of goods rose to 70% of GDP post-GST implementation

Paper published by IPPR suggests new indirect tax regime led to increasing economic integration among states

RBI estimate too optimistic, will pivot to rate cuts in October: Nomura

Japanese brokerage Nomura on Friday said Reserve Bank's 6.5 per cent real GDP growth estimate for FY24 is too optimistic, and the central bank will pivot to rate cuts from October

Expert group on MDB reform to focus on development, green finance

Expert group will hold first in-person meeting in Washington next week