Business

Pension regulator wants capital cover for assured return plans

India's pensions fund regulator will ensure that the entities offering minimum assured return schemes (MARS) are adequately capitalised and that there are enough firewalls to ensure there is no "contamination" with other pension schemes.Unfunded..

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Prices of tomato and ginger skyrocket within a fortnight

Prices of kitchen essentials like tomato and ginger have shot up in the last fortnight. While the recent unseasonal rains have affected the tomato crop in northern India, ginger farmers, on the other hand, are holding back their crop and allowing the..

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India may defer ICT case appeal against EU in WTO

India is considering deferring its appeal against a ruling by the dispute settlement body of the World Trade Organization (WTO) that had favoured the European Union against New Delhi's imposition of tariffs on mobile phones and electronic compon..

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G20 to set norms to define startups

G-20 member countries will aim to arrive at a common framework to define startups next month, based on a draft policy communique issued by the grouping last week.The contours of the framework would come up for discussion on June 3-4 in Goa during the..

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FDI equity inflows contract 22% in FY23

Foreign direct equity investments into India in fiscal 2023 shrank 21.67% from the previous year to $46.03 billion, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed Monday.The FDI equity inflows were $58.77 ..

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Some money may now flow into gold, realty and high-value white goods

The withdrawal of ₹2,000 notes would not significantly impact consumption patterns, but certain high-ticket items, like gold, and high-value white goods, may experience a shot in the arm temporarily, economists told ET. Given the comfortable timeline..

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Cotton prices take a knock as farmers offload stocks

Prices of cotton in the futures trade and at the farm gate have declined 8% and 12%, respectively, in the last fortnight, as farmers, who were holding the crop expecting prices to return to last year's record-high levels, have started selling th..

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April rings in good times as GST collections rise, inflation eases

April marks a 'good beginning' to FY24, the finance ministry said, pointing to strong goods and services tax (GST) collection and other high-frequency data, but flagged downside risks to growth and upside risks to inflation.Corporates have ..

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Government looks to hire retirees in health, education sectors

The Centre has initiated internal discussions on engaging and hiring retirees for part-time work, consulting roles and mentorship functions in sectors such as education and healthcare, which are facing demand-supply gaps in talent, said officials.The..

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Wholesale prices in deflation zone for the first time in three years

Wholesale inflation dropped into the deflation zone for the first time in three years in April, fuelling hopes of a further easing of retail prices and raising the prospects of a cut in interest rates. The Wholesale Price Index (WPI) dropped 0.92% fr..

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India’s exports to UAE dip 22 per cent in April: Commerce ministry data

India's exports to the UAE contracted by 22 per cent to USD 2.23 billion as against USD 2.86 billion in April, according to the commerce ministry data released on Monday. Indian and the UAE have operationalised a comprehensive free trade agreeme..

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Piyush Goyal to take up trade deal with Canada during visit

Commerce and industry minister Piyush Goyal will co-chair the discussions for the sixth India-Canada Ministerial Dialogue on Trade and Investment (MDTI) in Ottawa on Monday. He will be joined by Mary Ng, Canada's minister of international trade,..

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