Economy

RBI MPC LIVE: Shaktikanta Das to announce MPC outcome today; no rate cut on cards, may maintain status-quo

Reserve Bank of India MPC LIVE: Economists and analysts will keep a close eye on what the MPC makes of the rapidly evolving economic scenario and what it makes of inflation.

Budget FY23: CII suggests halving LTCG tax on domestic investments in start-ups

CII has urged the government to continue its investment focus and enhance capital expenditure in areas such as infrastructure to promote growth in the economy at a time when consumption demand has not picked up adequately.

Urban employment slips by 0.9 million in November

The country’s overall unemployment rate declined to 7% in November from 7.8% in October and the employment rate rose from 37.28% to 37.34%. India had a total of 400.8 million employment in October which rose to 402.1 million in November.

US trade deficit narrows in October as exports rebound

The report showed the deficit in goods totaled USD83.9 billion in October while America's surplus in services trade, which includes airline and travel payments, totaled USD16.8 billion.

Stepping up ethanol production may help reduce crude oil import, says PM Modi

He claimed that before the BJP came to power, only 20 crore litres of ethanol was being sent to oil companies from Uttar Pradesh, which now increased to around 100 crore litres.

States borrowing cost again on a song, hits one-month high at 6.80%

Seven of the 13 states that initially indicated their participation in the auction did not raise funds, even as Telangana borrowed Rs 500 crore more than indicated, she said.

Govt inks two loan pacts worth Rs 2,074 crore with ADB

The government and the ADB signed a USD 150 million loan agreement to provide access to inclusive, resilient, and sustainable housing for the urban poor in Tamil Nadu.

Till September, 421 cases resolved under insolvency law; 1,149 cases went for liquidation: Govt

Corporate Insolvency Resolution Process (CIRP) is conducted as per the provisions of the Insolvency and Bankruptcy Code (IBC). As of September 30, a total of 4,708 CIRPs were initiated under the IBC.

India exports 9.39 lakh tonnes of sugar so far this marketing year: AISTA

Mills have contracted to export 33 lakh tonnes of sugar without the government subsidy so far in the 2021-22 marketing year, it added.

Centre disburses Rs 2,071cr loan for 4,000-odd projects so far under Agri Infra fund

Out of 8,488 projects sanctioned so far, a maximum of 1,954 projects were from Madhya Pradesh, followed by 1,424 projects in Andhra Pradesh, 900 projects in Karnataka, 684 projects in Uttar Pradesh, 654 projects from Rajasthan and 555 projects in Maharashtra.

RBI Monetary Policy Dec 2021: MPC may not raise repo rate yet as Omicron threatens economic recovery

The Reserve Bank of India's Monetary Policy Committee (MPC) will present its fourth bi-monthly monetary policy on December 8.

India-US Trade Policy Forum has key role in deepening understanding of each other’s positions: former Obama admin official

During her maiden visit to India last month, United States Trade Representative (USTR) Katherine Tai had her first Trade Policy Forum (TPF) meeting with Commerce Minister Piyush Goyal.

China November export growth slows but imports accelerate

China's exports growth lost steam in November, pressured by a strong yuan, weakening demand and higher costs, but imports accelerated and came in well above expectations as the country scrambled to restock key commodities like coal.

‘Despite challenges, we have exported seafood products worth $700 mln till October to China’: KS Srinivas | MPEDA Interview

India is the biggest producer of farmed shrimps and accounts for nearly 6% of the global fish production.

E-way bill generation drops to lowest in 5 months in November

The daily e-way generation was 20.38 lakh in November, down 14% on month compared with 23.71 lakh in October. However, the daily e-way bill generation at 21.1 lakh in the first five days of December indicate possibility of demand pick up ahead of year-end vacations.

Finance Ministry says no plan to ‘boost’ cryptocurrencies

In a written reply to a question in the Lok Sabha, minister of state for finance Pankaj Chaudhary said: “No, Sir. The government has no plans for boosting the cryptocurrency sector in India.”

RBI’s MPC meet: With all eyes on Omicron’s impact, status quo likely on key rates for now

RBI’s accommodative stance and liquidity push ensured that the long pent-up demand made itself felt in the festive season that began from October.

Indian economy shows strong signs of recovery, upswing in 19 of 22 economic indicators

The latest information indicates that among 22 HFIs, full recovery has been achieved in respect of 19 HFIs, as their latest levels in the months of September, October and November this year are higher than their pre-pandemic levels in the corresponding months of 2019, official sources said.

Led by urea, fertiliser subsidies to soar 62 pc this fiscal on rising input costs: Report

The government has already announced an additional subsidy of Rs 21,328 crore (Rs 14,775 crore in May 2021 and Rs 6,553 crore in October 2021) for non-urea fertilisers.

Over 55 pc Jan Dhan account holders are women: FinMin

The scheme was extended beyond 14 August 2018 with the focus on opening of accounts shifting from 'every household' to 'every unbanked adult' with certain modifications.

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