Category: Economy
India rice output set for biggest drop in nearly 20 years as weak rains hit yields
Mumbai: India’s rice production is set to fall this year for the first time in a decade, and by the most in nearly 20 years,…
India’s billion-dollar trade juggernaut has an unwanted case of missing balance
Trade deals were supposed to be a two-way street for India. But about 15 years after it opened the gates wider to the Association of…
‘Fed’ up with inflation? US rate hike leaves RBI with an October-or-December dilemma, economists say
The US Federal Reserve’s return to interest rate hikes is turning up the pressure on India, pushing the rupee past 96 against the dollar and…
India vows to protect energy security as US Russia bill opens door to 100% tariffs
India on Thursday said it was monitoring developments after the US Congress passed the Sanctioning Russia and Iran Act, while making it clear that its…
Indian exporters see strong festive season orders for textiles and food products to US and Europe
New Delhi: This year’s festive season promises to be more buoyant than the last for Indian exporters. Textile exporters have seen a 30-40% jump in…
MDR on UPI transactions faces PIL in Supreme Court
New Delhi: A PIL has been filed in the Supreme Court seeking quashing of the government’s move to levy a merchant discount rate of 0.4%…
DGFT to set up central unit for trade applications
New Delhi: The government is setting up a Central Processing Department (CPD) in the Directorate General of Foreign Trade (DGFT) to act as a central…
India clears 642 UK car imports under FTA in two months of implementation
New Delhi: India has approved applications of seven companies for importing a total of 642 passenger vehicles from Britain on concessional tariffs in two months…
Centre eases export compliance for shipments up to Rs 3 lakh, seeks 5-year RoDTEP extension
New Delhi: Exporters will not be required to obtain Registration-cum-Membership Certificate (RCMC) for shipments valued up to ₹3 lakh, thereby reducing compliance burden for new…
Pulses, oilseed prices rise as rain deficit hits crops
Pune: Prices of key pulses like tur and chana and oilseeds such as soyabean and groundnut have increased sharply compared with last year, as scanty…