Economy & Policy News
India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood
While market valuation is high, it should be seen in the context of the acceleration in growth, Wood says
 "India market-cap to hit $10tn by 2030; sharp run near-term risk: Chris Wood")
Financial price retail discovery at Rs 260 : Reliance prospective123
It is the retail frenzy which you can see. I do not think the institutions are buyers at this
 "Financial price retail discovery at Rs 260 : Reliance prospective123")
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Reliance Retail among for Future Enterprises
Reliance Retail among for Future Enterprises
Madhya Pradesh ministerial group agrees to reduce import duty on beer, wine
A group of ministers (GoM) in the Madhya Pradesh government deliberating on excise matters has given the consent to reduce the import duty on beer and wine in the state, state home minister said
 "Madhya Pradesh ministerial group agrees to reduce import duty on beer, wine")
Power ministry seeks 2-year extension on deadline for emission norms
Power ministry has sought a two-year extension from the environment ministry for utilities to install emission cutting equipment, according to a power ministry letter
 "Power ministry seeks 2-year extension on deadline for emission norms")
As Indonesia curbs exports, Indian palm oil imports could fall to 11-yr low
Lower palm oil purchases by the world's biggest vegetable oil importer could put pressure on Malaysian palm oil prices and may lift soyoil imports to record highs and support U.S. soyoil futures price
 "As Indonesia curbs exports, Indian palm oil imports could fall to 11-yr low")
India to start new sugar season with 6.2 million tonnes of stocks
On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes
 "India to start new sugar season with 6.2 million tonnes of stocks")
Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts
Economists expect 40-50 bps hike in repo rate by MPC next month
 "Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts")
WEF 2022: Govt has no immediate plan to lift wheat export ban, says Goyal
The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high.
 "WEF 2022: Govt has no immediate plan to lift wheat export ban, says Goyal")
Govt's move to put sugar export cap of 10 mn tonne 'abundant caution': ISMA
Sugar industry body ISMA on Wednesday said the government's decision to cap sugar exports at 10 million tonnes in 2021-22 marketing year ending September will not have a significant impact
 "Govt's move to put sugar export cap of 10 mn tonne 'abundant caution': ISMA")
Govt has no plan for additional borrowing to manage fiscal deficit: Report
This, despite sacrificing revenue on account of reduction in duties on petroleum products and other goods, say official sources
 "Govt has no plan for additional borrowing to manage fiscal deficit: Report")
Inflationary concerns may delay GST rate rationalisation: Report
With the inflation rate ruling at an all-time high, there is hardly any scope for GST rate rationalisation, say sources
 "Inflationary concerns may delay GST rate rationalisation: Report")
India's economy seen growing 9.2% in FY22 on upbeat rural sector: BoB
India's economy is expected to have grown at 9.2 per cent in the fiscal ended March 2022, after having contracted by 7.3 per cent in the previous financial year
 "India's economy seen growing 9.2% in FY22 on upbeat rural sector: BoB")
India was never traditional supplier of wheat to world, says Goyal at WEF
Asserting that it was never a traditional player in the international wheat market, India said it will continue to allow wheat export for countries that are vulnerable, friendly
 "India was never traditional supplier of wheat to world, says Goyal at WEF")
Delhi bypoll: Hectic lobbying in BJP for ticket from Rajinder Nagar seat
Intense lobbying have begun in the BJP after the announcement of date for bypoll to the Rajinder Nagar Assembly constituency in the national capital
 "Delhi bypoll: Hectic lobbying in BJP for ticket from Rajinder Nagar seat")
Bad news for vehicle owners as third party premium to be hiked from Jun
From June 1, 2022 onwards, the motor third party liability insurance premium has been jacked up by the central government despite the portfolio being hugely profitable for the insurers
 "Bad news for vehicle owners as third party premium to be hiked from Jun")
FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI Ecowrap report
SBI's research report Ecowrap, in its latest edition, projected India's GDP growth for FY22 to be at 8.2-8.5%
 "FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI Ecowrap report")
Will formally launch free trade negotiations with India very soon: EU
European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis has said the EU will formally launch negotiations for the proposed free trade agreement with India "very soon"
 "Will formally launch free trade negotiations with India very soon: EU")
Air India Disinvestment housing scheme: 60% completion in 11 of 35 states
It would take the government another five years to construct all houses sanctioned under Pradhan Mantri Awas Yojana (urban).
 "Air India Disinvestment housing scheme: 60% completion in 11 of 35 states")
