ECONOMY
The Authorities is reportedly contemplating a couple of measures to examine rice costs, together with inventory restrict and retail gross sales at discounted charges., The Reserve Financial institution of India has flagged the problem as a priority. The Centre is mulling these measures following poor offtake of the grain within the weekly public sale on … Read more
The Centre will proceed to give attention to a capex-led progress technique to help financial progress because it goes about placing into impact a roadmap for reworking the nation right into a $5-trillion financial system. This was mirrored within the 2023 year-ender for the Division of Financial Affairs within the Finance Ministry launched on Wednesday. … Read more
The Division of Monetary Providers (DFS) within the Finance Ministry mentioned on Wednesday that its strategic intervention has performed a vital position within the important discount of Non-Performing Property (NPAs) in Scheduled Industrial Banks (SCBs). Gross NPAs have decreased from ₹9,33,779 crore in March 2019 to ₹ 5,71,515 crore in March 2023. Additional, recent slippage … Read more
Brace for a overseas portfolio buyers (FPI) influx surge within the debt markets in early 2024, forward of Indian bond inclusion in world bond indices in June 2024, economists and analysts mentioned. The nation is anticipated to see “entrance loaded inflows” within the debt phase from FPIs within the first quarter of calendar yr 2024 … Read more
The Pink Sea disaster precipitated by the assaults by Yemen’s Houthi rebels on container vessels has began taking a toll on transport commerce, with main traces saying a surcharge on ocean freights. Official sources within the transport trade in Kochi advised businessline that the surcharge varies from $1,500 for 20 ft containers and $3,000 for … Read more
Rice costs within the world market have elevated 7-8 per cent up to now month ensuing within the charges hovering to a 15-year excessive on larger demand and low arrivals because of the season’s finish, merchants and exporters have mentioned. “One purpose for costs to rise is that it’s the finish of the season. Although … Read more
India’s present account deficit (CAD) narrowed sharply to 1 per cent of GDP within the second quarter (Q2) of FY24 towards 3.8 per cent within the year-ago quarter resulting from decrease merchandise commerce deficit. Wholesome receipts from companies exports, respectable development in personal switch receipts (primarily remittances) and strong inflows in non-resident deposits additionally helped … Read more
Exports of engineering items from India to Russia is hovering, due to the rupee cost association. Within the April-November interval of the present 12 months, India’s engineering items exports to Russia rose 138 per cent to the touch $902.25 million, in contrast with $378.89 million within the corresponding interval of final 12 months, in accordance … Read more
New Delhi The federal government on Tuesday issued a recent advisory to all intermediaries together with Meta (Fb, Instagram) and Google (Youtube), to make sure compliance with the present IT Guidelines amid rising issues round misinformation powered by synthetic intelligence (AI) – deepfakes. “The content material not permitted underneath the IT Guidelines, particularly these listed … Read more
Christmas holidays and the absence of auctions in different South Indian centres boosted costs of sure styles of tea on the Coonoor Tea public sale centre final week. Merchants mentioned in sale 51, high-priced and higher liquoring types had been dearer by Rs 3 to Rs 4, and generally extra consistent with high quality. The … Read more