TRADE POLICY

Delhi: Piyush Goyal unveils Foreign Trade Policy 2023, expects exports to touch $2 trillion by 2030

Union Minister for Commerce and Industry Piyush Goyal on March 31 unveiled the Foreign Trade Policy 2023. Union Minister of State for Commerce and Industry Anupriya Patel and other officials were present during the event. Delhi: Piyush Goyal unveils F

RBI Repo rate hike decoded: How will it affect equity investors?

As expected, the MPC voted unanimously to increase the policy repo rate by 50 basis points to 4.90 per cent. The MPC’s rate action was in line with market expectations. Sudip Bandyopadhyay, Group Chairman, Inditrade Capital decodes the repo rate hike and its implications on equity inve

Sensex loses over 100 points ahead of RBI policy decision; Nifty below 17,550

Sensex falls over 100 points ahead of RBI policy decision; Nifty below 17,550; DMart, Cyient shed 2% each; Dhani Services, Ujjivan Small Finance Bank, Cholamandalam are some of the top gainers in morning trade.Sensex loses over 100 points ahead of RBI policy decision; Nift

FM Nirmala Sitharaman at IMF: Terror financing, money laundering biggest risks of cryptocurrencies

In a panel discussion on "Money at a Crossroad" hosted by IMF, Nirmala Sitharaman talks about cryptocurrencies, and government's efforts to build India's digital infra over the past decade. Watch!FM Nirmala Sitharaman at IMF: Terror financing, money la

US visas for Indians to be issued quicker? Minister Piyush Goyal responds

India requested the United States to speed up the issuance of business visas, said Union Minister for Commerce and Industry Piyush Goyal after the conclusion of the 13th India-US Trade Policy Forum (TPF) with his US counterpart United States Trade Representative Ambassador Kat

Pre-budget meet with PM Modi: Here's what CEOs of India Inc have to say

Prime Minister Narendra Modi met top business leaders as part of a series of pre-budget interactions with industry leaders that is aimed at boosting the country’s investment climate. Finance minister Nirmala Sitharaman, who is scheduled to present the Union budget for 2022-23 on

Semi conductor shortage: Cabinet approves Rs 76000 cr incentive scheme

The plan envisages training 85,000 semiconductor engineers to make it a complete C to S (chips to startups) ecosystem (including design, fabrication, testing and packaging), Telecom and IT Minister Ashwini Vaishnaw said. He also elaborated on a new design linked incentive (DLI),

GST collections stand at Rs 1.46 lakh cr in November, 11% rise YoY

GST collections for November stood at Rs 1,45,867 crore, which were up by 11 per cent year-on-year, according to data released by the Finance Ministry on Thursday. Monthly GST revenues have been more than Rs 1.4 lakh crore for nine straight months now.GST collections stand at Rs 1.46

RBI just dashed hopes of Tatas and Birlas to add banking to their sprawling business empires

The Reserve Bank of India has kept in abeyance the entry of industrial houses into full fledged commercial banking even as it accepted 21 of the 33 recommendations of an internal working group, dashing hopes of the Tatas and Birlas to add banking to their sp

Digital lending: RBI working group recommends separate legislation to prevent illegal activities

A Reserve Bank of India (RBI) constituted working group has suggested a host of measures to regulate digital lending including a separate legislation to prevent illegal digital lending activities, creation of a nodal agency for verification of dig coveri

RBI keeps policy rate unchanged for 7th time in a row; repo retained at 4%

The Reserve Bank of India’s (RBI’s) Monetary Policy Committee voted 5:1 to keep key policy rates unchanged for the seventh straight meeting, said Governor Shaktikanta Das on Friday. As expected, the central bank’s MPC overlooked the continuing spike in retail inflation levels

SBI to levy charges for cash withdrawal beyond 4 free transactions per month; ET Now on what’s changing from July 1

A new quarter is all set to begin from July 1 and we would see new TDS, withdrawal & cheque norms tweaked from there on. What are these new regulations? Mubina Kapasi is here to take you through all of them.SBI to levy charges for cash

Have adopted zero tolerance policy towards drugs, showing results: Amit Shah

The Centre has adopted a zero-tolerance policy towards narcotics and it was showing results, Union Home Minister Amit Shah said on Saturday. This, he said, is necessary to achieve the objective of a healthy society and prosperous nation. Also, it was important from the secu

Two-day nationwide strike begins; banking, transport and other services to be affected

Trade unions have called for a nationwide strike today to protest against economic policies. The call for Bharat Bandh is for two days. Unions say govt's policies are 'anti-worker, anti-farmer, anti-people & anti-national.'Two-day nationwide strike begins; banking

Bharat bandh: Trade Unions' strike against govt policies enters second day

Amid the ongoing 2-day nationwide strike called by the Trade Unions against the economic policies that kicked-off in several states, various Trade Unions on March 29 held protests on the second day of the strike in Tamil Nadu and Karnataka. Bharat bandh: Trade Unions' strike

RBI MPC announcements: Here's how experts view the changes

In an unscheduled press briefing on Wednesday, the Reserve Bank of India (RBI) Governor Shaktikanta Das said that the Monetary Policy Committee (MPC) in an off-cycle meet unanimously voted to hike rates. The policy repo rate has been hiked by 40 bps to 4.40% with immediate effect. ET Now cau

India's exports in March up 20% to USD 42 billion; reaches USD 420 billion in FY22

The country's exports in March 2022 rose 19.76 per cent to USD 42.22 billion on account of healthy performance by sectors such as petroleum products, engineering, and leather, even as trade deficit during the month widened to USD 18.51 billion.India's exports in March

Economy has almost reached pre-Covid level in most sectors: Finance Secretary

In an interview to ET, Finance Secretary Ajay Bhushan Pandey said economic activity was returning to normal and that certain stressed sectors were being identified for targeted intervention. Edited excerpts.Economy has almost reached pre-Covid level in most sectors: Financ

GST Council meet ends without reaching consensus on compensating states

Finance minister Nirmala Sitharaman announced on Monday that the Centre and states ended the GST (Goods and Services Tax) Council meeting without conclusion. This comes after a long-drawn feud between state governments and the Centre that remain at loggerheads regarding GST comp

Finance Ministry puts a cap on expenses, hold on approval of new schemes

The finance ministry has barred all ministries and departments from proposing new schemes in FY21, barring those announced under the Pradhan Mantri Garib Kalyan Yojana and the Atmanirbhar Bharat Abhiyan, to cope with spending needs due to the Covid-19 crisis amid an economic sl

India's exports rise 6.16 pc in January; trade deficit narrows to USD 14.54 bn

Growing for the second consecutive month, the country's exports rose 6.16 per cent year-on-year to USD 27.45 billion in January 2021 following healthy growth in pharma and engineering sectors, according to provisional data of the commerce ministry. Trade deficit during th

ET Awards 2020: RBI Governor Shaktikanta Das is Business Reformer of the Year

The Reserve Bank of India will continue to focus on reviving growth while maintaining financial stability, Business Reformer of the Year, Governor Shaktikanta Das said while accepting the ET awards for Corporate Excellence on Saturday.ET Awards 2020: RBI Governor Shaktikan

Need policy push, not populism, to aid growth: Jaitley at India Economic Conclave