BUSINESS
With eye on food inflation, govt ready to keep check on prices of key items
The prices of a number of food items have either remained elevated or risen in recent months. And while the government has been taking steps to keep food inflation in check, officials say they are ready to take further action if needed.
BUSINESS
India, US resolve 6 of the seven WTO trade disputes: Piyush Goyal
The US and India have had a number of disagreements on trade in recent years, including a dispute over steep steel and aluminum tariffs imposed by the US in 2018.
WORLD
Exclusive: We support the idea of making India a global manufacturing hub, says US-India Biz Council
Most of the talks during the Modi’s visit to the US are going to be about strategic technologies, strengthening of supply chains, digital economy, some visa issues as well as space-related activities, Alexander Slater, Managing Director of the US-India Business Council (USIBC) tells Moneycontrol
POLICY
Monsoon starts with deficit in 2023, but situation not alarming yet
The months of July and August cumulatively account for two-third of the monsoon received in India during a year and promising IMD predictions give hope
POLICY
Exclusive: India hoping to close settlement on seven trade disputes during Modi’s visit to the US
Prime Minister Narendra Modi is on a three-day state visit to the US from June 21, during which various strategic issues, especially on trade between the two countries including dispute between the two over steep steel and aluminium tariffs imposed by the US, are expected to be discussed
POLICY
NCERT should have adopted an evidence-based approach: Expert group member Sridhar Rajagopalan
The body in April this year dropped several chapters including some on the Mughal Empire from Class 12 history textbooks. Rajagopalan, a member of NCERT's National Expert Group on Assessment of Elementary Education, tells Moneycontrol that presenting a rational reasoning could have avoided the political controversy.
POLICY
Uber integration with Government E-Marketplace complete
Here, Uber would provide the service at a fixed price with zero cancellation charges and no surge pricing, as per officials.
POLICY
India devises strategy to boost exports in 2023
In a focused approach to growing exports, a total of 40 countries, which form 85 percent of India’s export basket, have been identified.
ECONOMY
India-UK FTA: Tenth round of negotiations conclude
Talks on the India-UK Free Trade Agreement have merely crossed the halfway point, and India has missed its internal deadline of closing the negotiations by March 2023
BUSINESS
India's merchandise trade deficit soars to 5 month high
The exports in merchandise sector fell by 10.2 percent on-year to $35 billion in May, whereas, the imports in this category declined by 6.5 percent on-year to $57.1 billion.
POLICY
Revamp of 6 lagging PLI schemes likely as government plans review
The PLI scheme developed with the objective of making India 'Aatmanirbhar' have run into implementation hurdles. A review meeting is being held on June 27 to chalk out a strategy
BUSINESS
Govt’s decision to limit stock holding of wheat will have cooling effect on prices
Govt’s advanced estimate of wheat output may be higher than actual production, feel industry insiders. Moreover, output has taken a beating over the last two years due to climatic issues
POLICY
Centre imposes stock limit on wheat for FY 2023-24
The government has taken several steps to prevent any possibility of spike in domestic prices of wheat
POLICY
Industry unhappy with edible oil price slide, but govt intervention in favour of consumers
In the past two months, the Centre has twice asked edible oil companies to reduce retail prices in line with the fall in global prices for edible oil commodities.
POLICY
MSP hike on kharif crops may help lower inflation, say economists
The price incentives will result in higher production, which will translate into lower prices and bring down inflation, experts said.
BUSINESS
Union ministries yet to sort out funds, land issues for logistics plans under NLP
The union government had asked 13 ministries to come up with plans focussed on cross-sectoral integration and logistics efficiency. Only four ministries have submitted their plans so far.
POLICY
India only bright hope for next decade in a slowing global economy: NITI Aayog's Sanjeet Singh
India is where the profits will be and where investments will flow as countries around the world look to make partnerships with the country, the NITI Aayog official said. The RBI on June 8 projected the GDP growth for this fiscal year at 6.5 percent
INDIA
India cabinet raises minimum support price for all kharif crops for marketing season 2023-24
“The move has been taken to ensure remunerative prices to growers for their produce. This is the largest raise in MSP in the past several years,” Union Minister Piyush Goyal told reporters in New Delhi.
POLICY
ICT goods levy: India to stick to its decision to take Japan to WTO tribunal
Japan recently expressed disappointment over India's decision to appeal against a ruling of the WTO trade dispute settlement panel on import duties on certain information and technology products, and urged India to withdraw it.
POLICY
As PMI surges and order books of MSMEs look healthy, exports struggle with slowing demand
Small enterprises have healthy orders on hand, a fact backed by PMI data that rose to a 31-month high, but key exports such as textiles are struggling due to waning demand from the US and EU.
POLICY
RBI should change its stance to neutral: CII President R Dinesh
Given the fast moderation in inflation, the RBI should continue with a pause in the repo rate and also change its stance to neutral, the CII President explained
POLICY
India’s GDP growth to be in the band of 6.5-6.7% for FY24: CII President R Dinesh
CII expects the country to grow at a compound annual growth rate of 7.8 percent, making India to become a $9 trillion economy by 2030 and a $40 trillion economy by 2047.
POLICY
India’s goods exports to touch $773 billion by 2030, Standard Chartered says
India is expected to grow its exporting sectors by supporting innovation and capacity expansions, as well as building sector ecosystems, the report has said.
POLICY
ICT goods levy: India to not take EU to WTO appellate tribunal; to negotiate a solution under TTC
The European Union in 2019 lodged a dispute in WTO arguing that tariffs levied on ICT goods directly breached India’s obligations under WTO rules to impose zero-duty rates on these goods.
