Economy

88% Indian CEOs confident on global economic improvement in a year: PWC

According to the PWC’s 24th Global CEO Survey, 88% of India CEOs are confident about global economic growth improving over the next 12 months, while 70% are confident about their revenue growth in t

The strong economic performance of the US on the back of a large stimulus and less disruptive decision-making will provide an additional boost to the exporting companies.

India allows additional 3,675 tonnes of sugar export to UK under concessional duty quota

TRQ (Tariff-Rate Quota) is for a volume of exports that enter the UK at relatively low tariffs. After the quota is reached, a higher tariff applies to the exports.

This additional quantity of sugar is beyond the EU?(European Union) CXL sugar quota of 10,000 tonnes during 2020-21 notified by the DGFT last year.

Govt promises diplomatic interventions to get P&K fertilisers imports at reasonable rates

With the imposition of countervailing duty by the US on imports from Morocco and Russia, there is a realignment of the supply chain with the Middle East diverting the supplies to the US, they said.

In the meeting chaired by Fertiliser Minister D V Sadananda Gowda, the issue of increase in prices of P&K fertilisers were discussed in "length" and understood concerns of the companies with regard to rising global prices of raw materials.

India’s palm oil imports rise 56.50 pc in March

Among soft oils, the import of sunflower oil declined to 1,46,970 tonne in March due to high prices as against 2,95,387 tonne in the same period last year.

IIP data must change for the better; infra investment to drive growth

Apart from a few segments led by automobile, tractors, 2 wheelers and FMCG products, the other segments of industry are yet to swim into the positive territory.

steel

Who is afraid of India’s fiscal policy?

With little resources to tackle the pandemic and kick-start economic recovery, India should receive debt relief in exchange for a commitment to align economic policies and newfound spending capacity w

Centre’s tax revenue grows in pandemic year

Post-devolution, Centre nets Rs 14.2 lakh crore in FY21, up 5% on year

India, EU to resume formal FTA talks in May

After a gap of about eight years, India and the EU will resume formal negotiations for a trade and investment agreement on May 8, with both sides aiming to expedite a deal to aid economic growth in th

trade

Water security: A dry future awaits the world?

As per the World Bank, at least $1 trillion is required in the next 10 years to meet water needs of 20% of global population

Sugar exports at 24.96 lakh tonne so far, Indonesia emerges as top buyer

Sugar mills in India have exported 24.96 lakh tonne of the commodity in the ongoing 2020-21 season with Indonesia accounting for the maximum shipments (contributing 38.5% of the total exports so far),

sugar

COVID-19 second wave: Goldman Sachs lowers growth forecast, Nifty target

On the valuation compression, they now expect only low-teen returns this year and have pencilled in a 10 per cent PE compression.

Goldman Sachs

India looks forward to advance talks for investment facilitation pact with EU: Goyal

The minister also emphasised on the need for proportional and simultaneous discussions on both trade and investment so that the two sides have a balanced outcome.

Piyush Goyal

Decision on excise duty cut on petrol, diesel when time comes: CBIC chairman

The government will look to reduce prices of petrol and diesel through a cut in taxes when the time comes, the head of the agency responsible for excise and other indirect tax collections said on Tues

fuel price

Negotiations on India-EU trade deal to resume next month: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said resumption of formal negotiations on India-EU trade deal during the leadership summit next month would help further strengthen ties with the Europea

trade

Lockdowns to shave $1.25 bn a week off eco; 140 bps from Q1 GDP: Report

Amid surging pandemic cases forcing many states to curb mobility and businesses, a report has said these localised lockdowns in key economic hubs can cost the economy an average of USD 1.25 billion ea

economy

Insights created by spacetech will ensure improved productivity and profitability in agriculture: Mark Kahn, Managing Partner, Omnivore

Using Artificial Intelligence (AI) and advanced satellite imagery to produce unique data sets which help tackle problems like predicting harvests, natural disasters and tracking the presence and sprea

As economy recovers, survey shows 59% firms in India intend to give salary increments in 2021

As the economy moves to a recovery path after a sharp decline last year amid the pandemic, a study has shown that 59 per cent of companies in India are intending to give salary increments to their emp

No increase in P&K fertiliser prices for now; govt keeping close eye on global rates: Sadananda Gowda

Fertiliser Minister D V Sadananda Gowda on Tuesday said there will not be any increase in retail prices of phosphatic and potassic (P&K) fertiliser for the time being and the government is keeping a c

India’s fertiliser consumption in FY20 was about 61 million tonne — of which 55% was urea — and is estimated to have increased by 5 million tonne in FY21. Since non-urea (MoP, DAP, complex) varieties cost higher, many farmers prefer to use more urea than actually needed.

eSaNTA platform for marine products to empower farmers: Piyush Goyal

Launching the platform, the minister also said it will enable farmers to do spot as well as forward sales.

eSanTa platform for marine farmers, Piyush goyal, Marine Products Export Development Authority , selling marine products digitally

Indirect tax mop-up exceeds RE, grows 12% in FY21 at Rs 10.71 lakh cr

The net indirect tax collections in 2020-21 grew 12.3 per cent to Rs 10.71 lakh crore as compared to the previous fiscal year, thereby exceeding the target set in revised estimates, the finance minist

net indirect tax revenue, gst, Customs and excise duties, finance ministry, central excise and Service Tax

Indian economy may clock double-digit growth in 2021: Moody’s

Moody's expects that given the focus on 'micro-containment zones' to deal with the current wave of infections, as opposed to a nationwide lockdown, the impact on economic activity would be less severe

Moodys

China’s exports rise at robust pace in March, imports growth highest in 4 years

China's exports grew at a robust pace in March in yet another boost to the nation's economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while import growth sur

export

IIP falls 3.6% in Feb, CPI inflation hits 4-month high

Contraction in industrial output widened to 3.6% year-on-year in February from 1.6% in the previous month, while retail inflation in March scaled a four-month peak of 5.52%, according to official data

IIP and Retail Inflation

Maharashtra, Uttar Pradesh neck and neck in race for top sugar producer tag

After a gap of nearly five years, Maharashtra has overtaken Uttar Pradesh (UP) in sugar production. The state crossed the 100 lakh tonne-mark by the end of March, as against UP’s 96 lakh tonne.

Agri credit growth at 4-year high of 10.2% in February

Overall credit growth picked up in H2FY21. Housing loan growth, however, slowed down, affecting the pace of retail growth

Unemployment rate at 15-week high of 8.58%

India’s unemployment rate galloped to a 15-week high of 8.58% for the week ended April 11, largely due to a sudden 260 basis points rise in the urban unemployment rate to 9.81% over the week.

Retail inflation quickens to 5.52 pc in March on costlier food, fuel

Retail inflation rose to 5.52 per cent in March, mainly on account of higher food prices, government data showed on Monday.

cpi
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