Page 78 of economy news

WTO, World Trade Organisation, steel products, retaliatory duties, India, UK

India proposes 15 per cent retaliatory duties on 22 items imported from UK against curbs on steel products

India’s average imports of semi-manufactured silver from the UK stood at USD 412.68 million.

Updated: September 28, 2022 21:48 IST

economy, gdp growth, rupee fall, exports

Major headwinds for Indian economy; RBI intervention to curb rupee fall, slowing exports may derail recovery

The global growth slowdown may weigh on the Indian economy going forward, through not just exports, but prices and liquidity…

September 28, 2022 15:04 IST

Commerce ministry, Commerce ministry news, Commerce ministry, latest, antidumping, China, steel tubes, Directorate General of Trade Remedies, DGTR

Commerce ministry for imposing anti-dumping duty on Chinese steel tubes, pipes

The recommended duty ranges between USD 114 per tonne and USD 3,801 per tonne

Updated: September 27, 2022 21:02 IST

India’s retail inflation to exceed 6% until end of 2022, says S&P

Retail inflation has already exceeded the RBI’s upper tolerance threshold for eight months in a row.

Updated: September 27, 2022 06:45 IST

Recession clouds gather in Germany, Europe’s largest economy

“High energy and commodity prices are weighing on demand and putting pressure on profit margins,” said Carsten Brzeski, chief eurozone…

September 26, 2022 17:20 IST

Soumya Kanti Ghosh, the group chief economist at the nation's largest lender SBI, in a detailed note on Monday said, a half-percentage point hike in the repo rate looks imminent in an aggressive response to external shocks.

Economists see RBI delivering another 50 bps hike next week

Goldman Sachs’ Santanu Sengupta said also pencilled in a 50 bps hike (35 bps previously) and a 35 bps hike…

September 23, 2022 18:02 IST

India may boost coal power fleet 25% by 2030 amid rising demand

The world’s third-biggest emitter of greenhouse gases will add nearly 56 gigawatts of coal power capacity unless there’s a substantial…

Updated: September 23, 2022 14:12 IST

“So, we also have to be ready to keep an eye on that," he added.

Industry has to keep eye on new non-tariff barriers: DPIIT secy

Industry in the coming decades will be driven by research, innovation and sustainability and those firms that invest in these…

September 23, 2022 03:50 IST

India defends its decision to ban rice, wheat exports at WTO

At a meeting last week in Geneva, Senegal, the US and the European Union raised questions over this decision, stating…

Updated: September 22, 2022 12:50 IST

Fed chair Powell signals recession may be price to pay for crushing inflation

Federal Reserve officials gave their clearest signal yet that they’re willing to tolerate a recession as the necessary trade-off for…

Updated: September 22, 2022 11:01 IST

ADB cuts India’s GDP forecast for FY23 to 7pc on elevated inflation, monetary tightening

“Inflation has turned out to be more persistent than expected, and led to a sharp tightening in monetary policy,” it…

September 21, 2022 17:22 IST

Goyal calls for need to globalise trade

Goyal will be on a visit to Indonesia between September 21 and 23 for the G-20 trade, investment and industry…

September 21, 2022 04:55 IST

Monsoon, Monsoon in India, Monsoon 2022, Kharif crops, paddy, rice, rain deficit, rainfall, met department, economy news, agriculture news

Monsoon starts withdrawal, rainfall distribution uneven

During the monsoon season, the country receives more than 70% of the annual rainfall, which play a crucial role in…

September 21, 2022 04:05 IST

There is threat of post-Covid inflation becoming sticky, says AIMA president

Supply chain disruption during the pandemic and later Russia’s war in Ukraine have pushed up prices of commodities.

September 20, 2022 17:37 IST

Signing India-UK free trade pact will be best way to celebrate Diwali: British High Commissioner

Elaborating on the potential benefits emanating from India from the FTA with the UK, he said it is expected to…

September 20, 2022 16:09 IST

India’s robust growth momentum may create macro stability challenges for economy

Despite the slowdown and recession threat looming over the world, Barclays believes that India’s economy stands out as an outlier,…

September 20, 2022 14:41 IST

Centre to soon rope in private players for foodgrains procurement

The foodgrains, mainly rice and wheat, are procured at the Minimum Support Price (MSP) directly from the farmers and distributed…

September 19, 2022 18:41 IST

Broadest rate hikes in 5 decades may cause global recession in 2023: World Bank paper

According to the study, unless supply disruptions and labor-market pressures subside, the interest-rate increases could leave the global inflation rate…

September 17, 2022 01:05 IST

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Room opened for rate cut, time not opportune: RBI Guv

Policy6 hr ago

RBI governor Sanjay Malhotra believes that although there is room for a repo rate cut, the current external uncertainties and ongoing transmission of previous measures make the timing unsuitable. The MPC decided to maintain a pause, but acknowledged India’s strong economy.

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