Economy

Economy News

India pitches for clear definition of e-commerce trade in goods, services in WTO

Though certain WTO members have been discussing the e-commerce issue since 1998, there is no clear-cut definition of the subject. India has asked the WTO members to work on a.

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Economy News

Forex reserves decline by USD 2.36 bn to USD 583.53 billion

In the previous reporting week, the overall reserves had increased by USD 1.153 billion to USD 585.895 billion. India’s forex reserves declined by USD 2.36 billion to USD 583.53 billion.

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Economy News

India to replace “Google tax” with OECD 2-pillar solution from FY26

Initial impact on revenue seen to be adverse India is “most likely” to adopt the Organisation of Economic Co-operation and Development’s (OECD) Pillar-One and Pillar-Two tax package and bring it.

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Economy News

Niti Aayog explores ways to reduce trade gap with China

Study by think-tank to identify sectors to lead manufacturing growth Government’s economic policy think tank Niti Aayog has initiated a study on how to reduce dependence on Chinese imports and.

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Economy News

CPI could moderate to 4% by H1FY25

India’s retail inflation, as measured by the Consumer Price Index (CPI), will likely moderate to 4% by H1FY25 from 5.02% in September, external monetary policy committee (MPC) member of the.

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Economy News

India will remain fastest-growing major economy in FY’24: Finance Ministry report

The September edition of the Monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf and depending on how the situation develops,.

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Economy News

National meet on agri-exports potential of cooperatives

In the meet, cooperation minister Amit Shah will launch the logo, website and brochure of NCEL and distribute the membership certificates, according to an official statement. To harness agricultural products.

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Economy News

RBI to maintain ‘prolonged pause’ stance; Kotak expects MPC to keep liquidity conditions tight

Kotak Institutional Equities maintained its view of MPC’s prolonged pause and expected system liquidity to remain tight in the near term. The October RBI MPC minutes highlighted members’ increased focus.

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Economy News

Govt hikes wheat MSP by Rs 150 per quintal to Rs 2,275/quintal for 2024-25: I&B minister

A decision in this regard was taken in the meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Modi. Ahead of assembly polls in key wheat.

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Economy News

State govt capital spending to expand by 29% in FY24, supported by loans from Govt of India, says ICRA

With revenues likely to trail the budgeted targets, ICRA said, the revenue and fiscal deficits of the sample set are estimated at Rs 2.1 trillion and Rs 8.3 trillion, respectively,.

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