India to appeal WTO panel ruling on sugar sops, says no impact on extant policies

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India will file an appeal at the World Trade Organization (WTO) against a panel report issued by on Tuesday that has ruled in favour of Brazil, Australia and Guatemala in their dispute settlement complaints targeting India’s domestic support for sugarcane producers and export subsidies for sugar. India said that the ruling will not have any … Read more

July-September quarter FDI inflows plunge 42%

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Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20. Total FDI inflows including equity inflows, re-invested earnings and other capital was down 30% on-year … Read more

India’s retail inflation in November firms up to 4.91%

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India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) firmed up to 4.91% year-on-year in November on the back of a rise in vegetable prices, data released by the Ministry of Statistics and Programme Implementation on Monday showed. With this, the CPI has remained within the tolerance level of 2%-6% for the fifth … Read more

India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finance ministry report

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India will be among only a few economies in the world to rebound strongly from COVID-19 induced economic contraction of 2020-21, a Finance Ministry report said assuaging that the Omicron variant’s impact on the economy will be less severe due to rapid vaccination. Real GDP in Q2 of FY2021-22 has grown by 8.4 per cent … Read more

Economists fear India’s recovery may be plateauing

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India’s industrial growth remained tepid at 3.2% in the peak festive month of October, weighed down by the base effect and weak production of consumer durables and capital goods, sparking concern that the economic recovery may be plateauing. Economists called for more measures from the government to support the revival, pointing to below-expectation growth in … Read more

India’s top military chief killed in air force helicopter crash

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Chief of Defense Staff Gen. Bipin Rawat died along with his wife, Madhulika Rawat, the IAF said via Twitter. He had been in the post for almost two years. The helicopter, which had a crew of four, crashed near Coonoor in Tamil Nadu state while en route from Sulur to the town of Wellington in … Read more

India signs trade and arms deals with Russia

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Putin traveled to India with Russia’s defense and foreign ministers in a visit that saw the two countries reinforce their ties with a military and technical cooperation pact until 2031 and a pledge to boost annual trade to $30 billion by 2025. The Russian President is visiting India amid increasingly strained relations between Russia and … Read more

India-Pakistan friendship will increase trade: Navjot Singh Sidhu

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Punjab Pradesh Congress Committee president Navjot Singh Sidhu on Saturday said that India-Pakistan friendship will increase trade. While speaking to the media here in Amritsar, Sidhu said, “If our friendship is increased with Pakistan then our business will also be increased. I admire our former Prime Minister Atal Bihari Vajpayee’s scheme when he started Aman … Read more

Economy is on recovery path, but hold the celebrations

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Deepthi Mary Mathew Economist, Geojit Financial Services She holds a Masters in Economics and is currently pursuing her doctoral studies. Before joining Geojit, she was working as Senior Research Associate at the Kochi, Kerala-based think-tank Centre for Public Policy Research. Ms Mathew writes regularly on the developments in the areas of monetary policy, fiscal policy, … Read more