Category: Economy
Cabinet clears Rs 12,980 crore maritime insurance pool to cut costs
New Delhi: The Union cabinet on Saturday approved setting up a Bharat Maritime Insurance Pool (BMIP) with a sovereign guarantee of ₹12,980 crore to ensure…
Rupee depreciation forces Indian firms to adopt Yuan payments, boost local sourcing
Kolkata: Many Indian companies are seeking to mitigate the impact of the rupee’s slide against the dollar by shifting part of their payments for purchases…
Govt clears UP potato buy at Rs 6,500/ton, hikes gram cap in Andhra Pradesh
New Delhi: The Centre has approved the procurement of 20 lakh tonnes of potatoes in Uttar Pradesh at a market intervention price of Rs 6,500.90…
Below-normal monsoon and West Asia conflict cloud India’s agriculture outlook: BoB
The Indian agricultural sector faces a significant period of uncertainty due to a below-normal monsoon forecast and the ongoing conflict in West Asia, threatening to…
Govt strengthens DGFT Norms Committees to speed up export authorisations, cut delays
New Delhi: The Ministry of Commerce and Industry has introduced a set of reforms to improve the functioning of Norms Committees under the Directorate General…
RBI’s oil forex window set to fuel rupee recovery
Mumbai: The Reserve Bank of India has opened an exclusive foreign exchange window for supplying dollars to state-run refiners, easing pressure on the spot exchange…
Strait of Hormuz crisis spotlights ship ‘flagging’ rules as India-flagged vessels face higher compliance burden
As tensions flare in West Asia, the safety of ships transiting the Strait of Hormuz has put spotlight on a little-noticed but crucial detail of…
US Section 301 probe: India textile body TEXPROCIL pushes back on USTR excess capacity allegations
Pune: Industry body TEXPROCIL has submitted its representation to the Office of the United States Trade Representative (USTR) on Sec 301 Investigations on April 15…
ET Graphics: India to become world’s third-largest economy by 2031
India is expected to become the world’s third-largest economy by 2031, according to the latest International Monetary Fund (IMF) data, even as it is projected…
Govt revisits plan to raise wage cap for PF coverage
New Delhi: The labour and employment ministry is revisiting a long-pending proposal to raise the wage ceiling for provident fund coverage, after recent pay increases…