BUSINESS
Price of onions 22.36% lower compared to last year: Govt
"Onion buffer of 2.08 lakh metric tonnes (LMT) built in current year under the Price Stabilisation Fund has been released in a calibrated and targeted manner to states/cities where prices are increasing over the previous month and also to source markets such as Lasalgaon and Pimpalgaon to augment the availability in these key mandis,"Food and Public Distribution Ministry statement said.
FY23 Outlook: Indian states' deficit expected at 3.6% of GDP
The FY23 estimate is a bit higher than the 3.5 per cent revised forecast for FY22. The agency's earlier forecast for FY22 was 4.1 per cent. "The revision was made due to better-than-expected growth in revenue receipts and higher growth in the nominal GDP in FY22," the agency said. Besides, Ind-Ra estimates India's nominal GDP to grow 17.6 per cent YoY in FY22.
India's forex reserves decline by over $1.7 bn
The Reserve Bank of India's forex reserves decreased to $630.190 billion from $631.953 billion reported for February 4. The country's forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF. On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $2.764 billion to $565.565 billion.
US, China face-off in Nepal over $500 mn US grant
Earlier this week, after Nepal delayed in ratifying the US aid in the Parliament, a senior US State Department official had warned that the US will force a review of its ties with Nepal if Kathmandu fails to ratify the grant under the Millenium Challenge Corporation. And now Kathmandu is witnessing violent protests everyday, particularly by Communist parties, against the American aid.
India, UAE sign CEPA to enhance bilateral trade volumes to $100 bn
The agreement to boost bilateral trade is expected to be implemented within 60-days.The agreement entails enhanced market access and reduced tariffs.It is expected that the CEPA will lead to an increase in bilateral trade from the current $60 billion to $100 billion in the next 5 years. At a press briefing post signing the deal, Commerce and Industry Minister Piyush Goyal said that India-UAE CEPA was negotiated in one of the quickest time frame of 88 days.
NSE ex-chief Ramakrishna under CBI scanner after damning SEBI report
According to the report, she met this yogi on the banks of holy Ganga around 20 years ago, and since then she had been taking his advice in all her personal and professional matters. Asked to identify the holder of email-id '[email protected]', she said it was Siddha Purusha and she used to meet him only at holy places.
Rescue Ops: Tata-led Air India to run special flights to Ukraine
As tensions between Russia and Ukraine remain high, the Tata Group-led Air India will run three direct flights to Kyiv to bring back stranded Indians from the East European country. Accordingly, Air India will operate three flights between Delhi and Kyiv on its Boeing 787 Dreamliner aircraft. The flights to the Boryspil International Airport from India will be operated on February 22, 24 and 26.
Global cues, FIIs outflows subdue indices; realty stocks down
Accordingly, indices closed lower for the third consecutive session amidst uncertainties on the way ahead for the Russia-Ukraine conflict.Besides, the FIIs were net sellers on BSE, NSE & MSEI in the capital market segment. They net sold Rs 2,529.96 crore worth of equities.On Thursday, they had sold Rs 1,242.10 crore worth of equities.
Volkswagen 'acquiring' Huawei's autonomous driving unit for billions of dollars
According to Germany's Manager Magazin, Volkswagen and Huawei are negotiating a "billion-dollar deal in China". Volkswagen promises "unconventional solutions" for its new market China and "maybe taking over a Huawei subsidiary will help. The talks are ongoing," the report said on Thursday. Huawei and VW China did not immediately comment on the report.
India invites Agri Start Ups, FPOs at EXPO2020 Dubai
Additional Secretary, Ministry of Agriculture & Farmers Welfare, Dr Abhilaksh Likhi assured the Start Ups and Farmer Producer Organisations (FPOs) that they would be considered for providing equity grants, management costs, and other available support measures.Dr Likhi was speaking at the inauguration of 'Food, Agriculture and Livelihood' fortnight at the India Pavilion in EXPO2020 Dubai on Thursday.
Don't Miss
Advertisement