The country had imported 6.28 lakh tonne of refined palm oil (RBD palmolein) in the year-ago period. The oil year runs from November to October, it said. India, the world's leading vegetable oil buyer, imported 130.1 lakh tonne of vegetable oils during the November-September period of the ongoing 2021-22 oil year, 4 per cent higher than the year-ago period.
The states, namely, Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal have a combined fiscal space of Rs 7.4 lakh crore for capital spending in FY'2023, 81% higher than their capex of Rs. 4.1 trillion in FY'2022, Icra said in a note.
The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'Toughened glass for home appliances having thickness between 1.8 MM to 8 MM and area of 0.4 SqM or less' originating in or exported from China.
The Delhi Labour Department posted a draught notification on Wednesday exempting warehouses from sections 15 and 16 of the Delhi Shops and Establishment Act 1954, paving the way for such places to operate around the clock. Sections 15 and 16 of the Delhi Shops and Establishment Act 1954 address the duration of the closing and opening of shops and other commercial establishments in the city. According to officials, the move will benefit traders and boost the nationwide capital's economy.
About 39% of all job card-holding households seeking work under the Mahatma Gandhi National Rural Employment Guarantee scheme did not get a single day of work in the Covid year of 2020-21 as against the average work demand for 77 days, shows a study conducted by Azim Premji University in partnership with the National Consortium of Civil Society Organisations on NREGA and Collaborative Research and Dissemination (CORD).
Gadkari said that the InvIT, so far, has raised more than Rs 8,000 crore from foreign and Indian institutional investors. Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time.
India's annual retail inflation accelerated to a five-month high of 7.41% in September from 7% in the previous month, data released on Wednesday showed. Food inflation, which accounts for nearly 40% of the CPI basket, rose 8.60% in September, compared to 7.62% in August. RBI in the last three meetings has raised rates by 50 basis points each. However, retail inflation has stayed above the RBI's target for three quarters.
As per the CMIE’s Consumer Pyramids Household Survey (CPHS), the unemployment rate dropped to a four-year low of 6.3% and the index of consumer sentiments rose to a 30-month high by 7.1% in September.
"Icra estimates that the 13 state governments have the fiscal space to incur capital spending of as much as Rs 7.4 trillion in FY2023, rivalling the size of the GoI's capex budgeted for this fiscal. While the availability of funds doesn't appear to be a constraint in FY2023, the actual outgo incurred by these state governments in the early months of this fiscal has been rather muted," PTI quoted Icra Chief Economist Aditi Nayar as saying.