scorecardresearch
Sunday, June 16, 2024
HomeEconomy

Economy

Budget 2020 will have ‘plan of action’ to boost economy, says Prakash Javadekar

At a Cabinet briefing Wednesday, the minister said the economy is on the path of ‘revival’ and nobody should have a pessimistic view about it.

India’s painful ‘stagflation’ is now spreading to other emerging economies

India may be witnessing the most glaring setback among emerging economies, but its double pain of slowing growth & surging inflation is spreading far and wide.

$1.4 billion of palm oil is caught in CAA, Kashmir crossfire between India and Malaysia

If India’s imports from Malaysia drop, about 2 million tons of Malaysian processed palm oil products worth $1.4 billion may need new buyers.

Foreigners are dumping Indian bonds fearing widening fiscal deficit

Global funds have turned net sellers of India’s sovereign bonds for the first time in four months, as expectations grow of a wider fiscal deficit.

Cheaper China rice, high MSP — what non-basmati exporters are blaming for dip in trade

Govt data says export of non-basmati rice declines by over 37% — from 50,48,000 MT in April-November 2018 to 31,41,000 MT during same period last year.

Investors are hoping Nirmala Sitharaman will scrap long-term capital gains tax in budget

Removal of the long-term capital gains tax & measures to boost consumption are high on equity investors’ wish list from budget.

Indian stocks can expect billions of dollars after FPI rule change from 1 April

India will increase the foreign portfolio investment limit in a company from the current 24% to a higher threshold set for its sector.

RCEP in its present form clearly unworkable, says Piyush Goyal at WEF

Referring to India's decision to pull out of RCEP, Piyush Goyal said it had demonstrated for the first time that trade cannot be dictated by diplomacy.

Duty-free liquor limit will save $50 mn or 0.01% of India’s total import bill of $500 bn

According to data with the Association of Private Airport Operators, liquor imports for duty-free sales amounted to around $97 million, or 0.02% of total imports in 2018-19.

Next problem for Indian economy: Fuel shortage for domestic shipping

Ships hauling everything from coal to iron ore & consumer goods on domestic routes may run out of fuel as India struggles to meet new environmental standards.

On Camera

Elections showed that Manipur still has faith in democracy. Will new govt deliver?

The people of conflict-torn Manipur will have every right to feel betrayed if the new government doesn’t break its silence and show its commitment to addressing the state's issues.

Cash-strapped Karnataka hikes fuel tax by Rs 3/l, could earn Rs 2,500-3,000 cr more per yr

Move to bring down differences in commodity prices with neighbouring states, says government. Oppn, dealers blame it on welfare, Congress's guarantees.

With an eye on China, IAF expands taxi track at Leh airport, new shelters being built

Expanded taxi track is smaller than those meant for civilian operations, but is long enough for fighters & military transport aircraft to operate.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.