Page 7 - Economy News
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
 "India's new trade policy: Blinded by local market, a dry recitation of laws")
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
 "Fuels from Russian crude oil get backdoor entry into Europe via India")
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
 "Employers must seek employees preferred tax regime for deducting TDS: CBDT")
Stagnant milk output: Dairy imports may be allowed after a decade
India usually imports high-value milk products but not mass-consumed items
 "Stagnant milk output: Dairy imports may be allowed after a decade")
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
 "RBI should prioritise inflation over growth, say FinMin officials")
New projects hit Rs 12.3 trillion in March quarter on large orders
Analysts say slowing growth globally may limit future investments
 "New projects hit Rs 12.3 trillion in March quarter on large orders")
Global trade growth expected to be subpar at 1.7% in 2023: WTO
With this, the trade growth is below the 12-year average of 2.6 per cent since the trade collapse that followed the global financial crisis in 2008
 "Global trade growth expected to be subpar at 1.7% in 2023: WTO")
Govt may import dairy products on tight supply amid stagnant milk output
The government will intervene to import dairy products like butter and ghee, if required, after assessing the stock position of milk in Southern states, where the flushing season has started now
 "Govt may import dairy products on tight supply amid stagnant milk output")
Inflation is driving boom in secondhand shopping, $177 bn global sales
The shoppers most attracted to resale are members of younger generations, mainly Gen Z
 "Inflation is driving boom in secondhand shopping, $177 bn global sales")
India has trade deficit with China in electronics, computer hardware
The major commodities in which India has a trade deficit with China include electronic components, computer hardware, telecom instruments, industrial machinery for dairy and organic chemicals
 "India has trade deficit with China in electronics, computer hardware")
Financials, IT aid rise in Indian shares ahead of RBI rate decision
The Nifty 50 closed 0.91% higher at 17,557.05, while the S&P BSE Sensex rose 0.99% to 59,689.31. Both the benchmarks have extended gains for a fourth session in a row
 "Financials, IT aid rise in Indian shares ahead of RBI rate decision")
