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SC issues notice to centre over petition on imposition of GST on JDA

Mon, 05/13/2024 - 13:20
The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed

India's import from FTA partner nations up 38% in FY24 against FY19

Mon, 05/13/2024 - 13:03
"This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," GTRI said in a report

Urban demand slows down for FMCG products as rural picks up steam

Mon, 05/13/2024 - 13:02
According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

Nearly 51 mn person years of employment created annually in last 10 years

Mon, 05/13/2024 - 13:00
A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours

Retail inflation eases to 4.83% in April on softening fuel prices

Mon, 05/13/2024 - 12:49
Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

Over dozen states have higher inflation than national avg of 4.83% in April

Mon, 05/13/2024 - 12:19
The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent

After long wait, India inks Chabahar port's 10-year deal with Iran

Mon, 05/13/2024 - 11:50
India's plans with the port go beyond commercial interests, according to the Centre

Domestically held gold reserve rise by 40% in 5 years, shows RBI data

Mon, 05/13/2024 - 11:26
As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country

India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25

Mon, 05/13/2024 - 09:48
The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024

Retail inflation eases to 4.83% in April, surge in food prices continues

Mon, 05/13/2024 - 08:22
Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday. The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023. Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO). The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer inflation while arriving at its bi-monthly monetary policy, food price uncertainties continue to weigh on the inflation trajectory going forward.

514 million person-years employment created during 2014-24: Report

Mon, 05/13/2024 - 07:28
A SKOCH report on Monday claimed that 51.40 crore person years of employment was generated between 2014 and 2024 during the Modi government regime. A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours. The report titled, Employment Generative Impact of ModiNomics: The Paradigm Shifts, is based on 80 case studies covering borrowers who took multiple loans and data of various government schemes.. "Over a period between 2014-24, a total of 51.40 crore employment has been generated. Out of which 19.79 crore employment has been generated by governance-led interventions. The rest, 31.61 crore, has been contributed by credit-led interventions," a release said. SKOCH Group is India's think tank dealing with socio-economic issues, focusing on inclusive growth since 1997.. The current study also finds that micro-loans are being used to generate employment that is steady and stable, it stated. "We have

India's imports from FTA partners up 38% during 2019-24 fiscal years: GTRI

Mon, 05/13/2024 - 02:36
India's imports of goods from countries with which it has a free trade agreement like the UAE, South Korea, and Australia grew about 38 per cent during 2019-24 fiscal years to USD 187.92 billion, according to think tank GTRI. On the other hand, the country's exports to the FTA (free trade agreement) partners rose 14.48 per cent to USD 122.72 billion in 2023-24 from USD 107.20 billion in 2018-19. "From FY'2019 to FY'2024, India's imports increased by 37.97 per cent, from USD 136.20 billion to USD 187.92 billion. This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," the Global Trade Research Initiative data showed. According to the data, India's exports to the UAE increased by 18.25 per cent to USD 35.63 billion in 2023-24 as against USD 30.13 billion in 2018-19, while imports surged 61.21 per cent, from USD 29.79 billion in FY2019 to USD 48.02 billion in the last fiscal. The FTA between India and the UAE came into effect

India, Iran to ink 10-year agreement to manage and operate Chabahar port

Mon, 05/13/2024 - 01:57
The deal, significant for its potential impact on trade and geopolitics, had been in the works for years but had been stalled for various reasons

India to sign 10-year agreement with Iran to manage Chabahar Port

Mon, 05/13/2024 - 01:48
Chabahar Port will serve as a vital link connecting India to Afghanistan, Central Asia, and the broader Eurasian region

Friday's thunderstorm caused an 11 GW electricity load crash in North India

Sun, 05/12/2024 - 23:44
According to reports from state load despatch centres in North India, electricity demand fell by half in just 30 to 55 minutes when the storm hit

China credit shrinks for first time, decreases by almost $28 billion

Sun, 05/12/2024 - 13:39
Credit contracts as government bonds record net repayment

Phase IV of LS polls: Most constituencies lag on key development metrics

Sun, 05/12/2024 - 10:54
All 96 constituencies likely to miss 2030 anaemia target for women

Tata Power to sell green energy to group companies, MNCs: Praveer Sinha

Sun, 05/12/2024 - 08:21
Says they will offer carbon credit on their green power sale to companies that require it

India needs to focus on market reforms to achieve double digit growth: ADB

Sun, 05/12/2024 - 05:22
India needs to focus on factor market reforms like land and labour to propel India's growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. "There are still concerns that the basic factor markets like land and labour in the formal sector of unemployment in India are still small. So, you really want to formalise those," he told PTI in an interview. The factor market reforms include land, labour, energy, and access to credit, among others, which are critical factors for production. Labour reforms have been approved by Parliament in 2020, but it has not been implemented. In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes -- the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020. Labour is in the Concurrent List of the Constitution. Under the Labour Codes, rules are required to be framed by the .

India's coal import surges 8% to 268 MT in FY24 due to rise in power demand

Sun, 05/12/2024 - 02:25
India's coal import rose by 7.7 per cent to 268.24 million tonne (MT) in FY24 driven by softness in seaborne prices and likelihood of increase in power demand during summer. The country's coal import was 249.06 MT in FY23, according to data compiled by B2B e-commerce company mjunction services. Coal import in March FY24 also rose to 23.96 MT, over 21.12 MT in the corresponding month of the previous fiscal. Of the total volume recorded in March 2024, non-coking coal import stood at 15.33 MT, against 13.88 MT in March FY23. Coking coal import in March 2024 was 5.34 MT against 3.96 MT a year ago. During FY24, non-coking coal import was at 175.96 MT, higher than 162.46 MT imported during FY23. Coking coal import was at 57.22 MT in 2023-24, against 54.46 MT in 2022-23. "There was an increase in coal import volumes due to the continued softness in seaborne prices and expectation of a demand uptick during the summer season. However, as there is ample availability of domestic coal in the