Economy

Economy News

Reserve Bank of India’s surprise gift to govt

Record $25 billion payout is more than double what was budgeted. Contingency risk buffer increased to 6.5% for FY24. In a surprise gift to the government, the Reserve Bank of.

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Economy News

Over 7,000 farmer groups sell on ONDC platform

ONDC is being promoted as an alternative to global e-commerce giants such as Amazon and Walmart, supporting small enterprises. More than seven thousand farmers’ collectives across various states are now.

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Economy News

Govt recovers Rs 852 crore under amnesty scheme for exporters

Under the scheme September 30 was the deadline for availing the scheme and the deadline of payment of customs duty and interest was March 31, 2024. The one-time amnesty scheme.

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Economy News

Govt procures over 26 MT wheat

While overall procurement of grain until Saturday was 26.07 MT, marginally below last year’s level, procurement is likely to continue until the end of the month. After a sluggish start.

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Govt may consider lifting curbs on rice exports

Sources told FE that the government will assess the sowing of kharif paddy—expected to commence next month—before taking a call on removing curbs on shipments. Given the huge surplus of.

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Economy News

FSSAI ORDER ON PESTICIDE RESIDUES: Quality concerns can temper spices exports

India is the largest producer and consumer of spices, producing 11 million tonnes of spices annually. FSSAI’s recent order raising pesticide residue ceilings for spices has drawn the ire of.

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Economy News

Report on infra requirements to hit $1-trillion exports to be ready by Aug-Sept: Govt

According to projections when exports touch $1 trillion by 2030 from $437.06 billion in 2023-24, the imports would be around $1.5 trillion against $677.2 billion in the last financial year..

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Economy News

Govt to purchase chana at market rate from farmers for buffer

The government last week removed import duty on desi chana while extending import duty exemption on yellow peas till October, which is aimed to curb spike in chana prices. With.

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Economy News

FSSAI ORDER ON PESTICIDE RESIDUES: Quality concerns can temper spices exports

India is the largest producer and consumer of spices, producing 11 million tonnes of spices annually. FSSAI’s recent order raising pesticide residue ceilings for spices has drawn the ire of.

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Economy News

FY24 fiscal deficit to be slightly below revised estimate

Commenting on the current financial year, the first official said that the Centre’s expenditure so far has been as per the plans envisioned in the interim budget. The Centre’s fiscal.

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