Category: Economy
RBI pushes banks to bring more dollars home
MUMBAI: Reserve Bank of India (RBI) deputy governor Rohit Jain on Friday urged bank CEOs to step up efforts to mobilise overseas funds through FCNR(B)…
Call to extend duty cuts on critical inputs soon
India will soon decide on extending customs duty relief on select critical raw material imports beyond June 30, said a senior government official. An inter-ministerial…
El Nino sets in, clouds kharif outlook
El Nino conditions have set in over the equatorial Pacific Ocean and could strengthen during the southwest monsoon season, the India Meteorological Department (IMD) said…
Govt hikes onion procurement rate to Rs 16.5 per kg from Saturday to help farmers
The government has raised the onion procurement price under its buffer stock programme to Rs 16.50 per kg with effect from Saturday, from Rs 15.80…
Assam chief minister Chief Minister flags off international consignment of GI-tagged Tezpur litchis to Singapore
Guwahati: In an important step towards increasing the footprints of Assam’s rich horticultural produce in international markets, Chief Minister Himanta Biswa Sarma today ceremonially flagged…
RBI forex measures to lower banks’ overseas borrowing costs by 2-2.5 per cent, aid inflows: Report
Mumbai: The RBI‘s recent measures to incentivise overseas borrowings could lower funding costs for banks by 2-2.50 per cent through the external commercial borrowing (ECB)…
India’s forex reserves drop $711 million to $681.610 billion, RBI data shows
India’s forex reserves dropped $711 million to $681.610 billion during the week ending June 5 due to a sharp decline in foreign currency reserves, according…
Global rice production was 713 million tonnes per year during 2006-2015, saw growth: Study
New Delhi: Global production of rice for the decade 2006-2015 was 713 million tonnes per year, with China, India, and Thailand being the top three…
India’s agriculture and water tech startups gain momentum, sustainability in focus: Nasscom
New Delhi : India’s agri and water tech deeptech ecosystem is gaining momentum around commercialisation, as per a statement by Nasscom. These sectors stand at…
What’s ailing India’s fertiliser subsidy and ethanol policy? Ashok Gulati explains – The Economic Times Video
Ashok Gulati says India’s fertiliser subsidy model is fiscally unsustainable, heavily import-dependent and environmentally damaging. He advocates decontrolling fertiliser prices, replacing price subsidies with direct…