Page 14 - Economy

Sri Lanka weighs favoured creditor clause to speed up debt talks with IMF

Sri Lanka is pursuing pacts with commercial and bilateral lenders to meet conditions for the IMF to disburse a $2.9 billion loan

Trade settlement with Russia in rupees to start next week: Report

Five to six banks have been allowed to open Vostro accounts for rupee trade settlement and 10-11 such accounts have been opened so far

Japan's wholesale inflation near steady at 9.3% as commodity prices ease

Japan's November wholesale prices rose 9.3% from a year earlier, data showed, a rate of increase that was almost unchanged from the previous month and showed initial signs of an inflation peak

Top Headlines: Tax-free slab to Rs 5 lakh, basic Customs duty cut, and more

Business Standard brings you the top headlines at this hour

BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam

European regulators' decision affects more market segments than US norms

Is tilapia the next big idea for boosting India's aquaculture sector?

Rising demand, export potential, ease of production have turned the focus on the humble tilapia

IMF, World Bank raise concerns over worsening global economic outlook

The IMF currently forecasts global growth will be 2.7% next year, slowing from 3.2% this year

Waiting for private sector to take the lead on capex: CEA Nageswaran

'Not necessary or healthy for public sector to keep expanding capital investment,' he says

UK-based Nithia Capital eyes 3.5 MT steelmaking capacity in India: CEO

Government infrastructure will fuel domestic steel consumption for two years, says Jai Saraf

78% of frontline workers in Delhi NCR employed in e-commerce sector: Survey

During pandemic, consumer sentiment improved for SMEs that went online, leading to a spike in frontline jobs, revealed study by BetterPlace, a tech platform for blue-collar workforce management

India faces no immediate impact of oil tanker pileup in Turkey: Officials

Situation could change if jam in Bosphorus Strait continues as a result of sanctions on Russian seaborne crude, they say

Concor stake sale: Inter-ministerial group expected to clear EOI today

Based on Concor's current market cap of Rs 46,674.9 crore, a 30.8 per cent stake in the company is valued around Rs 14,376 crore

China's politburo shifts focus to boosting economic recovery in 2023

The economy is expected to face bigger pressure from spiking Covid cases in the early stages of China's reopening

China's trade weakens to worst since first Covid lockdown as demand falls

The worsening trade performance is undermining a strong pillar of China's economy over the last two years, where the rise in exports to record levels have provided Chinese firms with stable demand

Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9%

Says strong macro fundamentals place country in good stead

GST Council to discuss decriminalisation at Council meet on December 17

One of the proposals before the Council is to raise the threshold limit for launching criminal proceedings under GST for offences over Rs 20 crore

Hospitality industry sees welcome boost from India's G20 presidency

As President, India will host nearly 200 meetings across the country that thousands of delegates are expected to attend along with media, govt officials, event managers, private sector representatives

GST superstructure lacks some basic features even after 5 years

Currently, there is no appellate mechanism in place for rulings by the GST authorities and a group of ministers is deliberating on it

India set to export mobile phones worth $9 billion in FY23: Report

Phone exports have already crossed the $5 billion mark, twice more than the last year's $2.2 billion

India's G20 priorities to reflect that of the global south: Amitabh Kant

'This is a unique forum of both the developed world and emerging economies. We need to build new approaches that benefit them both'