Page 6 - Economy News

Govt notifies gaming rules to prohibit online wagering and betting

All companies offering real-money games must have a physical contact address in India published on their website or application (app)

Household inflation expectations moderate, consumer confidence grows: RBI

The survey showed that household spending was buoyant on the back of higher essential and non-essential spending

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

Govt imposes gas price caps, accepts key suggestions of Kirit Parikh panel

Amends pricing regime; accepts key suggestions of Kirit Parikh panel

CBIC waives interest charges on EXIM traders due to payment woes

Besides, since importers are not able to clear their goods at the ports, the CBIC has urged shipping lines to waive detention and demurrage charges till April 10

On-tap application to set up fab plants likely; Meity may consider proposal

The change will give room to more players

Govt caps rates to rein-in CNG, piped cooking gas prices, changes formula

The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and piped cooking gas

Interest from central banks for rupee trade: RBI deputy guv T Rabi Sankar

The stakeholders on either side are getting adjusted to it, said RBI Governor Shaktikanta Das

Households in India expect inflation to moderate, find RBI surveys

Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said

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