India's growth remains stable while most other economies lose momentum: OECD report
The growth outlook for the US has been downgraded from ‘stable growth’ to ‘growth losing momentum’ amid high inflation, low consumer confidence and declining share prices.
Need better synergy between govt and private players for harnessing PPP model in agriculture: Agri secretary
”Several players are working in silos. Being in the government, we can play the role of a conductor in a symphony orchestra. Can we bring about the synergy and work together,” Ahuja said addressing an event organised by the industry chamber Ficci here.
Government works on formal framework for public-private partnership in agriculture
The government wants to partner with industry to create a PPP model which will not only be replicable and upscalable but also highly viable on a sustainable basis, Agri Ministry officials have said. The move to formally rope in more companies into the sector comes 6 months after the three controversial farm laws were repealed by the Centre under popular pressure.
Centre constitutes new trade advisory body, onboards TCS CEO
The Board advises the government on policy measures connected with Foreign Trade Policy (FTP). However, the body had been defunct for a long time with the last meeting having taken place in 2013.
Govt appoints 29 members in Board of Trade
The board, which includes participants from states, union territories, senior officials from public and private sectors, provides a platform to discuss ways on boosting manufacturing and exports.
PM Modi to Inaugurate SGX Nifty Futures Trading At GIFT City; Know Details
The trading of the Nifty futures contracts on the Singapore Exchange (SGX) will begin at International Financial Service Centre (IFSC) in Gandhinagar. Know details
Inflation may ease gradually, precluding chances of hard landing, says RBI Guv
The current era is one of globalisation of inflation amidst growing deglobalisation of world trade, the RBI governor said on July 9.
RBI allows banks to settle Sri Lankan trade in currencies outside Asian Clearing Union mechanism
The move by the Indian central bank comes amid Sri Lanka's ongoing crisis, with its foreign exchange reserves at alarmingly low levels.
Govt-registered startups have created 7.5 lakh jobs till now, DPIIT data shows
Earlier this year, the DPIIT had begun a plan to enable the creation of 20 lakh new jobs in the sector by officially registering 50,000 new startups over the next four years.
Finance Minister exempts excise duty on ATF purchases by Indian carriers for overseas flights
In a notification, the ministry said that ATF supplied as fuel to domestic carriers on international routes would continue to be exempted from basic excise duty from July 1.
Current account deficit pips inflation as India’s major challenge at the moment: Analysts
Slowdown in developed markets will bring down India’s export numbers
Undertake repair work of roads every week: Delhi CM to PWD, MCD, NDMC
According to an official notification, roads in the city need the attention of concerned agencies like the Public Works Department (PWD), Municipal Corporation of Delhi (MCD), and New Delhi Municipal Committee (NDMC).
Rupee’s slide pits central bank against a market full of bears
The currency has dropped more than 6 percent this year, putting it on the threshold of 80 per dollar for the first time, as fears of a global recession and spiraling oil prices fuel outflows and deficits
Oil up nearly $5 as tight supply outweighs recession fears
Brent Crude futures were up $4.68, or 4.7 percent, at $105.37 a barrel by 1400 GMT. WTI crude futures climbed $5.11, or 5.2 percent, to $103.64 a barrel.
Road-based logistics sector may see 7-9% rise in revenue this fiscal: Report
This will be largely due to the debt-funded vehicle replacement capex induced by the upcoming scrappage policy, along with the rising interest rate regime, rating agency Icra said in the report on Thursday.
FM asks Niti Aayog to map all industrial activities for incorporating them into PM Gati Shakti
She also suggested to the shipping ministry to look at all the sea ports in the country and their linkages with industrial corridors.
Exclusive | Boris Johnson's exit may prolong India-UK trade talks but won't complicate it: Officials
The India-United Kingdom Free Trade Agreement(FTA) aims to significantly boost trade by reducing tariffs on upto 65 percent of traded goods and up to 40 percent of services. On June 24, both nations concluded the fourth round of talks.
Assam recognised as 'Leader' in states' startup ranking by Centre
This is steep progress from its previous recognition of being an Emerging Startup Ecosystem
RBI measures to have positive impact on overseas fund inflows: DEA Secretary
RBI on Wednesday raised the overseas borrowing limits for companies and liberalised norms for foreign investments in government bonds as it announced a slew of measures to boost foreign exchange inflows
Global stocks higher after Federal Reserve says rate hikes may be needed
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices edged up after falling below $100 per barrel this week.
Copper futures gain on robust demand
Analysts attributed the rise in copper prices to the raising of bets by participants
PM Modi, over 300 vice chancellors, deans to deliberate future roadmap of NEP
The summit will deliberate on internationalisation of higher education, skill mapping, qulaity enhancement, multidisciplinary education, online education, entrepreneurship in higher educational institutes, and how to improve global rankings, among other subjects.
Unfair to blame GST for revenue woes, says CBIC chairman
India is on the right track on GST, Johri said, adding that business processes and IT systems have stabilized and so have the revenue collections
MSP system should be reformed, less govt intervention crucial to agri growth: NITI Aayog member Ramesh Chand
Chand batted for deferred deficiency price payments (DPP) as an alternative to the existing procurement based MSP structure.
India’s energy hunger can widen the trade deficit
Only a sharp fall in global prices of crude oil, coal and other key imports can narrow India’s trade deficit. Meanwhile, India will have to live with a volatile rupee
