Business

Hopeful of conclusion of at least two more trade deals by year-end: Piyush Goyal

India has recently signed two trade agreements with the UAE and Australia and is hopeful of concluding the negotiations for two more such pacts by the end of this year, Commerce and Industry Minister Piyush Goyal has said. Negotiations for a free tra..

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India stays out of Trade Policy Pillar at IPEF; broader consensus yet to emerge among nations

India has chosen to stay out of the Trade Policy Pillar - which deals with issues pertaining to labour, environment, digital, and agriculture at the Indo-Pacific Economic Forum (IPEF) - a two-day ministerial meet of 14 countries taking place at Los A..

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India to take decisions on IPEF aspects based on national interest: Piyush Goyal

India will take decisions on different aspects of the Indo-Pacific Economic Framework (IPEF) based on its national interest, Commerce and Industry Minister Piyush Goyal has said. Earlier, he attended the first in-person ministerial meeting of the IPE..

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Govt’s cash balances halve in a month with rise in infra spending

The government’s cash balances have nearly halved in about a month to Rs 2.3 lakh crore as it accelerates spending on infrastructure. Higher federal spending, though potentially inflationary, should boost economic growth that fell below even the cent..

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India surpasses UK to become world’s fifth biggest economy

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The former British colony leaped past the UK in the final three mon..

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NCLT recoveries improve to 30.6% in Q1FY23 from 26% in Q1FY22

Recoveries from insolvency cases have inched up to 30.6 per cent in Q1 of the current fiscal from 26 per cent in the year-ago period, while the number of insolvency cases filing/admission rose by 23.5 per cent during this period, says a report. Total..

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Digital payments a public good, no plans to levy charges: Finance minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman reiterated government's stand to keep the digital payments ecosystem completely free without levying any charges to aid its growth. Speaking at an event in Mumbai, Sitharaman said that the government sees digi..

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Central PSUs should hold regular meetings with MSMEs: Odisha official

Central public sector undertakings should conduct meetings regularly for the micro, small and medium enterprises to make the procurement process simpler for local enterprises, an official said. The plant-level advisory committee (PLAC) meetings will ..

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Partnership with Japan will boost India’s manufacturing prowess, says Maruti Suzuki chairman RC Bhargava

Partnership with Japan in manufacturing space will be a huge positive for India as it can learn a lot in terms of skills, best practices and management systems, RC Bhargava, chairman, said. Speaking to PTI, Bhargava said," I believe that India Japan ..

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Chris Wood thinks it’s time for RBI to start tightening

The dovish Reserve Bank of India needs to start tightening monetary policy given that inflation is becoming more of an issue in the country, said Christopher Wood, global head of equity strategy at Jefferies. The Consumer Price Index-based inflation ..

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Parliamentary panel for providing credit card to MSME entrepreneurs

The Parliamentary standing committee on finance has pitched for providing a credit card to MSME entrepreneurs on the lines of Kisan credit cards, putting in place a mechanism for payment scores and a significant ramp up of SIDBI to ensure access to r..

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100-150 lakh tonne wheat exports likely this year, India to export wheat to Egypt: Piyush Goyal

Commerce and industry minister Piyush Goyal on Friday said that India may export 100-150 lakh tonne wheat this year as against 70-73 lakh tonne in the just ended fiscal. India’s overall wheat exports were two lakh tonne till two years ago. His statem..

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