Page 170 of ECONOMY

Global demand, low inventories push Basmati paddy prices

Mandi prices of Basmati paddy at Karnal (Haryana) and Rajpura (Punjab) are currently ruling around Rs 3,800 – Rs 4,000/quintal,…

Updated: November 17, 2022 07:26 IST

Convene GST Council soon: West Bengal

Officials attribute the delay in the GST Council meeting to GoMs on online gaming and another on GST tribunals, whose…

Updated: November 17, 2022 07:14 IST

U.S. retail sales beat expectations in October

Massive savings accumulated during the COVID-19 pandemic, and strong wage gains amid a tight labor market, have generally helped consumers…

November 16, 2022 22:21 IST

Mills in states like UP sell around 5 lakh tonnes of sugar export quota at premium

The 2022-23 sugar export policy announced on November 5 allowed exports of 6 million tonnes of sweetener on a quota-basis…

Updated: November 16, 2022 14:24 IST

Govt appoints Arvind Virmani as full-time member of NITI Aayog

Arvind Virmani served as the chief economic adviser in the finance ministry (2007-2009).

Updated: November 16, 2022 13:03 IST

Direct tax mop-up to exceed FY23BE target by 25-30%

Given the current buoyancy in tax collections, the BE for FY24 is also likely to be higher, Gupta said without…

November 16, 2022 03:45 IST

Centre likely to simplify capital gains tax structure in Budget: Official

The government will likely simplify the capital gains tax regime to align the tax rates and holding period across the…

November 16, 2022 03:30 IST

Exports shrink 16.7% in Oct

The curbs on exports of select steel products, iron ore and non-basmati rice and the ban on those of wheat…

November 16, 2022 02:30 IST

Punjab and Haryana aim to stop stubble burning in 2-3 years

Haryana reported a 44% drop in straw burning incidents at 3128 events during the same period.

November 16, 2022 00:45 IST

India approves ‘vostro’ accounts for nine banks to help promote trade in rupees

The measure was seen as aiding business ties with Russia in case of more stringent Western sanctions against Moscow.

November 15, 2022 20:32 IST

Direct tax mop-up to exceed budget target by 25-30 pc: CBDT chief

Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta also said that the Budget for next fiscal could bring about…

November 15, 2022 18:02 IST

Moody’s accords negative credit outlook to countries on high prices, slowing growth

It forecast that as many as 13 nations, including India, would spend over 20 per cent of their government revenue…

November 15, 2022 17:14 IST

NAA to wind up, GST anti-profiteering complaints to be taken up by CCI from December 1

A notification in this regard is expected to be issued by the finance ministry later this month, the official added.

Updated: November 15, 2022 12:55 IST

A paradigm shift for the rupee? Premium Story

Despite the difficult current account situation, the rupee could be turning around for more than just a few months, with…

Updated: November 15, 2022 08:26 IST

GST appellate tribunals likely to be set up by December 2023

The appellate body will be headed by a judge from the Supreme Court or the Chief Justice of a high…

November 15, 2022 04:05 IST

Global economic outlook gloomier than projected last month: IMF

It noted that the challenges that the global economy is facing are immense and weakening economic indicators point to further…

November 15, 2022 03:45 IST

Food inflation falls sharply in October

India imports about 58% of the total annual edible oil consumption of around 24 to 25 MT.

November 15, 2022 03:45 IST

Retail inflation falls to 6.77 pc in October: Govt data

The retail inflation, which the RBI factors in while deciding its periodic monetary policy, was 4.48 per cent in October…

November 14, 2022 18:57 IST

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Sugar exports to pick up only when global prices rise: Industry

Policy42 min ago

The government has allowed 1.5 million tonnes of sugar exports for 2025-26, but profitability depends on global prices. The industry faces a potential stock increase due to a 16% production rise. Removing export duty on molasses is expected to improve cash flow and reduce excess stock pressure.

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