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
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.
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.
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.
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
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),
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.
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.
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
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
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
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
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.
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
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
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
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
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.
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- Textile MSMEs see uncertainty in production capacity ahead after recovering to near pre-Covid levels
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- Over 21,000 tested positive for COVID after taking first dose of either Covishield or Covaxin: Govt
- Govt releases COVID data showing severity, demography of victims in 2nd wave same as 1st wave
- Nashik Hospital Oxygen leak: 22 COVID-19 patients die as leakage interrupts Oxygen supply
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