Read daily news briefs on economic issues collected from different sources.
As two-wheeler electric vehicle has registered strong growth, EV registration surpassed the 1 lakh mark for the first time in the month of October. a total of 114,001 vehicles registered in October which was 23% above the month of September. [BL]
The gold demand in India has surpassed the pre covid level largely due to a price dip. In the September quarter of the year, it registered a 14% high growth compared to the same quarter of the last year. [BL]
In order to help Nepal in meeting its food security, India allowed duty-free paddy export of 6 lakh tonnes. This step is expected to give some relief to the rice exporter as the early decision of India had restricted rice exports. [BL]
Responding to the CCI anti-trust ruling against the company, google has announced pausing its in-app billing policy in India. The CCI has also directed the company not to restrict app developers from using third-party payment and billing services. [BL]
Alok Aditya (Junior Research Fellow at ISEC)
Anuradha (Research Assistant at ADRI)
Note: BL – Business Line, BS – Business Standard, FE – Financial Express, ET – Economic Times