Rice sown area widens 2.69% days after ban on exports amid erratic rainfall
The sown area for rice had remained low by 6.1 percent till July 17.
Tomato to get even costlier in weeks ahead; relief only by September
Unseasonal rains, the resulting disruption in transportation and supply chains have affected the prices of a number of vegetables. Tomato prices are expected to touch Rs 300 a kg, but the government’s July 12 directive might provide some respite.
Defence Minister holds talks with Malaysian counterpart; focus on boosting industrial cooperation
Singh, who is currently on a three-day visit to Malaysia, also called on Prime Minister Anwar bin Ibrahim and conveyed to him PM Narendra Modi’s warm greetings.
Strategic investment targets initiative: DPIIT identifies 106 companies across sectors from 30 countries
Total FDI inflows, which include equity inflows, re-invested earnings and other capital, declined by 16 percent to $70.97 billion in the last fiscal as against $84.83 billion in 2021-22.
India says it will continue to support Sri Lanka in overcoming financial crisis
Jacob said India’s financial and humanitarian support worth $4 billion to Sri Lanka is far in excess of the total anticipated Extended Fund Facility of the IMF.
No respite, retail tomato price further shoots up to Rs 162/kg
In Gurugram, retail tomato price was ruling at Rs 140 per kg, at Rs 110 per kg in Bengaluru, Rs 107 per kg in Varanasi, Rs 98 per kg in Hyderabad and Rs 90 in Bhopal on Thursday.
Oil companies to turn profitable on fuel marketing in FY24: Fitch
The rating agency expects India’s petroleum product demand to grow by mid-single digit percentage in the medium term, supported by forecast that the GDP will grow by 6-7 per cent in the next few years, the government’s increasing spending on infrastructure and a pick-up in industrial activity.
Unregistered sellers can make intra-state supply to Amazon, Flipkart from Oct 1, says CBIC
Blueprint for appellate tribunal likely to be approved at July 11 GST Council meet
Kashmir new cash crop mushroom brings good news for its women
More than 150 women in #Kashmir associated with mushroom farming, which is preferred by women because they can grow it at home while doing house chores and earn a good income.
Piyush Goyal asks bankers to ensure enhanced, affordable credit to MSME exporters
This was stated in a meeting called by the ministry on June 28 to discuss ways of enhancing the availability of export credit to MSME exporters.
Domestic tour operators welcome govt move to defer hike in TCS on overseas packages
In a statement, Indian Association of Tour Operators (IATO) — the apex body of tour operators in the country with more than 1,700 members — thanked the government for ”giving partial relief of deferring Tax Collection at Source (TCS) on the overseas tour packages till September 30, 2023, and also for withdrawing increase of TCS percentage from 5 per cent to 20 per cent on amount up to Rs 7 lakh per annum”.
Average health insurance claims in India Rs 42,000; 15% exceed Rs 1 lakh: Report
This highlights the need for policyholders and insurance providers to consider potential high-cost scenarios, such as hospitalizations exceeding five days and costing over Rs 5 lakh, when designing coverage options
Indian economy makes solid recovery despite global headwind: RBI Governor Das
He said that financial stability is non-negotiable and all stakeholders in the financial system must work to preserve this at all times.
Indian banks' asset quality best in a decade, expected to improve further: RBI
In the bi-annual Financial Stability Report (FSR) released on Wednesday, the central bank said the GNPAs are expected to improve further to 3.6 per cent in the baseline scenario.
PM Modi's visit to US historic; redefined India-US ties: FM Sitharaman
Apart from listing various agreements signed between India and the US in several fields of work, including defence and technology, the finance minister also said that the rapid investment in semiconductor and other technologies is benefitting the people of India.
Exclusive: Govt to set up inter-ministerial committee for Urea Gold pricing, subsidy: Source
The sulphur coated urea is likely to be approved by the Union Cabinet soon, a government official said.
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
Joe Biden signs $31.4-trillion debt limit bill, averts US default
Fitch Ratings said on Friday the United States' 'AAA' credit rating would remain on negative watch, despite the agreement that will allow the government to meet its obligations
Biden cheers $31.4-trillion debt ceiling deal, declares from Oval Office: 'Crisis averted'
US presidents have generally reserved an address from the Oval Office for the most significant, and dramatic of events: the attacks of September 11, 2001, for example, or the Challenger space shuttle explosion
India Focussed On Improving Business Viability: Morgan Stanley MD Ridham Desai's Praises PM Modi
Morgan Stanley’s latest report shows India driving a fifth of global growth by the next decade, which is a big fillip to the Narendra Modi government. However, it predicted a fragmented outcome in the 2024 Lok Sabha elections.
News18's Marya Shakil spoke to Morgan Stanley India Managing Director Ridham Desai, who called Prime Minister Modi an ‘inflation hawk’, which essentially means he does not want inflation — this is critical for the prosperity of the economy.
Desai also praised India for focusing on macro stability when countries like the US were dealing with inflation during the pandemic.
Watch to know what he said!
At 6.1%, India’s Q4 GDP faster than the biggest, but there are a few worry lines
Both consumption spending and government spending will have to quickly accelerate onto a faster lane and continue to expand consistently over the medium term to maintain India’s growth momentum
RBI found gaps in corporate governance at banks despite guidelines: RBI Governor
Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused ”some degree of volatility”.
Introduction and withdrawal of Rs 2,000 note cast doubt on integrity, stability of India's currency: P Chidambaram
Addressing a press conference here, the former Union finance minister said the key economic indicators are pointing downward and there is low confidence that the economy will reach the high growth path.
Biden, McCarthy forge debt-limit deal in a bid to avert US default
Economists have said even a short default could see dramatic market declines and the loss of hundreds of thousands of jobs
White House reaches a deal with Republicans to avert US default
The deal would avert an economically destabilising default, so long as they succeed in passing it through the narrowly divided Congress before the Treasury Department runs short of money to cover all its obligations
