Page 6 - Economy & Policy News

Confident of achieving wheat procurement target, says food Secretary

Rice Fortification nationwide likely to be completed before March 2024

Int'l banking system is headed for more trouble, says Raghuram Rajan

His comments add to warnings that the troubles at SVB and Credit Suisse are indicative of deeper underlying problems in the financial system

Govt plans panel to help resolve state-owned firms' land disputes

Land is a state subject in India, with both the Parliament and state assemblies able to write laws around certain land rights

Housing sales climb 22% in Jan-Mar; new launches rise 86%: PropTiger.com

Housing sales and new supply increased 22 per cent and 86 per cent, respectively, during January-March this year on better demand, according to residential brokerage firm PropTiger.com.

Confident of achieving wheat procurement target of 34.2 mt: Food secretary

Earlier in the day while announcing the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said the expectation of a record rabi harvest bodes well for easing of food price pressure

Travel tech firm OYO witnesses 167% rise in bookings for long weekend

There was a 57 per cent increase in booking demand for beach destinations and 43 per cent for hill stations, according to the company

Consumer org COF seeks probe into activities of online gaming firm RARIO

The letter by Consumer Online Foundation (COF) alleged that RARIO is engaged in unfair trade practices that infringe on the rights of consumers

RBI proposes expanding UPI digital payments system to allow credit

UPI is an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details

India, Australia to invest $3 mn each in critical mineral exploration

State-owned firm to lead first-such investment by India for energy security

India Inc cheers RBI stance to hold interest rate, terms it 'prudent' move

India Inc cheered the Reserve Bank's stance to hold key interest rate on Thursday terming it a "prudent" move in the wake of headwinds emanating from global banking stress

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

RBI may pause on rate hikes at next meet also: ICICI official Prasanna

The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent

To boost production, govt may provide Rs 50/kg support for green hydrogen

The government plans to provide Rs 50 per kg of hydrogen in the first year and the support will be brought down to Rs 30 per kg of production in the third year

India's new trade policy: Blinded by local market, a dry recitation of laws

India's trade policy remains blinded by its huge domestic market. This was underlined last week when the govt released its latest trade policy - three years late

Fuels from Russian crude oil get backdoor entry into Europe via India

Access to cheap Russian crude has boosted output and profits at Indian refineries, enabling them to export refined products competitively to Europe and take bigger market share

Employers must seek employees preferred tax regime for deducting TDS: CBDT

The Central Board of Direct Taxes (CBDT) on Wednesday issued a clarification about Tax Deducted at Source (TDS) deduction by employers in the current fiscal

Stagnant milk output: Dairy imports may be allowed after a decade

India usually imports high-value milk products but not mass-consumed items

India services growth slows down in March after 12-year high in Feb

No change in employment seen neither in services nor in manufacturing, says PMI survey

RBI should prioritise inflation over growth, say FinMin officials

The RBI has a mandate to keep retail inflation at 4 per cent within a band of 2 percentage points on either side

New projects hit Rs 12.3 trillion in March quarter on large orders

Analysts say slowing growth globally may limit future investments