Page 11 - Economy News

Mobile phone user base rises in Jan after four months of decline: Trai data

Vodafone Idea user base shrinks by 1.35 million; Jio cements lead with the addition of 1.65 million subscribers

Govt may close FY23 with Rs 50,000 cr shortfall in direct tax mop up

The dividend from public sector enterprises gave some breather: It stood at Rs 58,988 crore, compared to the revised target of Rs 43,000 crore

Richard Branson's Virgin Orbit announces to fire 85% of its workforce

Richard Branson's Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission

New foreign trade policy seeks to spur rupee trade, e-com exports

Targets $2 trillion in goods and services exports by 2030

G20 Sherpa's meeting: Negotiations to begin on leaders' statement

There have been differences between the two groupings over the language used to criticize Russia's invasion of Ukraine

G20: War in Europe did not cause global inflation, says Russian Sherpa

"Unless the G7 nations stop bringing attention to issues which have nothing to do with G20, it will be difficult to reach an agreement on the final Leaders Declaration at the end of the year"

Govt's new foreign trade policy set to boost domestic manufacturing

Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre

Procurement via GeM crosses target of Rs 2 trillion on last day of FY23

On March 30, GeM completed five million transactions in a single financial year for the first time ever

India's farm exports likely to touch record $56-57 billion: Official

The achievement will be commendable, given that exports of several high-value items, such as wheat and rice, have been banned during the financial year to control inflation

India keeps gas prices steady as government mulls new rate regime

The government sets the price of gas from domestic fields every six months, however this time around it decided to keep any changes on hold for the period beginning April 1

Retail inflation for industrial workers remains flat at 6.16% in February

Retail inflation for industrial workers remained flat at 6.16 per cent in February compared to that of January this year

Centre authorises SBI to issue electoral bonds between April 3-12

The State Bank of India (SBI) has been authorised by the government to issue and encash electoral bonds through its 29 authorised branches across the country from April 3 till April 12.

Coal India's production touches all-time high of 700 million tonnes

Volume surpasses CIL's own output target, is up 12% over last year's figure

Fiscal deficit touches 82.8% of full-year target in February: Govt data

Out of the total revenue expenditure, Rs 7,98,957 crore was for interest payments and Rs 4,59,547 crore was on account of major subsidies

Govt hikes interest rates on most small saving schemes for June quarter

The interest rate on the Public Provident Fund has yet again been kept unchanged at 7.1%

Current account deficit narrows to 2.2% of GDP in Q3, shows RBI data

Non-resident deposits recorded net inflows of $2.6 billion in the third quarter of the current fiscal as compared to net inflows of $1.3 billion in the year-ago period

FTP 2023 pragmatic, will pump country's share in global trade: India Inc

India's new foreign trade policy is pragmatic and positive, and has set a stage for exporters to increase the country's share in global trade, industry bodies and experts said

Output of eight core industries jumps 6% in February, dip in crude oil

At 22.2 per cent year-on-year (YoY), the sharpest jump was noted in fertiliser production

Compliance period extended from 2 to 3 yrs for 'large corporates': Sebi

Capital markets regulator Sebi on Friday extended the compliance requirement to three years for 'large corporates' to raise at least 25 per cent of their incremental borrowings

India unveils 'dynamic' foreign trade policy, eyes $2 trn exports by 2030

India on Friday came out with a 'dynamic and responsive' foreign trade policy with the objective of raising the country's outward shipments to USD 2 trillion by 2030