Union Minister of Consumer Affairs, Food and Public Distribution Piyush Goyal (file photo) The Pradhan Mantri Gati Shakti National Master Plan will help develop the future infrastructure in a planned manner, prevent cost overrun, and increase India’s cost competitiveness, besides saving taxpayers’ money, Union minister Piyush Goyal said on Saturday. The minister said 1,000 geospatial… Continue reading PM Gati Shakti master plan integrated with geospatial maps to prevent cost overruns: Union minister Piyush Goel
Author: Economic Times of India Online News
India’s forex reserves dip by $2.23 billion to $570.74 bn
All other components of the country’s forex reserves rose during the week under review. Mumbai (Maharashtra): India’s foreign exchange (forex) reserves fell by $2.238 billion to $570.74 billion for the week ended August 12, the Reserve Bank of India (RBI) data showed. India’s forex reserves have declined sharply in recent weeks as the Reserve Bank… Continue reading India’s forex reserves dip by $2.23 billion to $570.74 bn
FPIs pump in Rs 44,500 cr into Indian equities in three weeks of Aug
FPIs poured a net amount of Rs 1,673 crore into the debt market during the month under review. New Delhi: After turning net buyers last month, foreign investors have shown tremendous enthusiasm for Indian equities and have infused close to Rs 44,500 crore in August so far amid softening of inflation in US and falling… Continue reading FPIs pump in Rs 44,500 cr into Indian equities in three weeks of Aug
Power crisis in China forces auto companies to shut down factories
Chongqing municipality is home to a host of factories that produce automobiles and computers. New Delhi: China, which is already staring at multiple economic challenges, now has another problem — an acute power outage driven by an intense heatwave in the country’s southwest region. This has forced a many factories to shut down temporarily, which… Continue reading Power crisis in China forces auto companies to shut down factories
Ladakh rolls out EV policy with subsidies to encourage buyers
With a view to encouraging this shift to electric vehicles, he said the administration has offered an early bird subsidy for the first year of the policy. Leh: The Union Territory of Ladakh has announced a new electric vehicle policy with subsidies to encourage the citizens to procure e-vehicles in order to create a carbon-neutral… Continue reading Ladakh rolls out EV policy with subsidies to encourage buyers
Chinese slowdown brightens prospects for Indian manufacturing: Experts
MUMBAI: With China facing economic slowdown on account of domestic and geo-political reasons, India needs to spruce its manufacturing sector to attract investment and emerge as an alternative global sourcing hub, said experts. The Chinese economic growth is expected to moderate to 3.5 per cent this year due to various reasons, including disturbances in the… Continue reading Chinese slowdown brightens prospects for Indian manufacturing: Experts
China demand doubts darken mood as miners baulk at energy costs
China, the world’s second biggest economy that accounts for more than 50% of global demand for raw materials, is sticking to its strict zero-COVID policy, enforced by recurrent lockdowns that slow output and demand. LONDON – The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw… Continue reading China demand doubts darken mood as miners baulk at energy costs
Taiwan says it has not been informed of ‘Chip 4’ meeting
South Korean foreign minister Park Jin has said Seoul is expected to attend a preliminary meeting of the four which have major chip manufacturers, describing the gathering as U.S.-led. TAIPEI – Taiwan said on Friday it has not been informed about a so-called ‘Chip 4’ meeting that would include it, the United States, South Korea… Continue reading Taiwan says it has not been informed of ‘Chip 4’ meeting
Geneva auto show 2023 cancelled
The organisers did not say when they expected the next Geneva edition of the show to take place. Geneva- Organisers of the Geneva auto show said Thursday they were scrapping next year’s event in the Swiss city, blaming global economic “uncertainties”. The Geneva International Motor Show (GIMS) — long a major event on the auto… Continue reading Geneva auto show 2023 cancelled
FTA provisions to prevail in case of conflict over Rules of Origin on imported goods, says CBIC
Central Board of Indirect Taxes and Customs (CBIC) The finance ministry on Friday said exemptions specified in Free Trade Agreement (FTA) with regard to country of origin will prevail in case of conflict between revenue department and importer. The Central Board of Indirect Taxes and Customs (CBIC) informed that the customs field officers should be… Continue reading FTA provisions to prevail in case of conflict over Rules of Origin on imported goods, says CBIC