Economy
Govt relief on PDS wheat quota, to launch Rs 1K cr credit guarantee fund
Secretary Sanjeev Chopra says food prices to remain stable during festivals; mulls lifting curbs on non-basmati rice exports
 "Govt relief on PDS wheat quota, to launch Rs 1K cr credit guarantee fund")
Gujarat, TN, Karnataka biggest gainers from 1990s reforms: PM-EAC report
Though Tamil Nadu's share declined, from 8.7 per cent in 1960-61 to 7.1 per cent in 1990-91, it saw a turnaround, with its share in the national GDP touching 8.9 per cent in 2023-24
 "Gujarat, TN, Karnataka biggest gainers from 1990s reforms: PM-EAC report")
India's exports to China fall at faster clip than to other partners
India's exports to China witnessed 22.44 per cent contraction to $1 billion, while overall exports declined 9 per cent at $34.7 billion in August, commerce department data showed
 "India's exports to China fall at faster clip than to other partners")
India's economic growth stands out globally, says FM Nirmala Sitharaman
The scheme is an extension of the already existing NPS to children. In the last 10 years, NPS has gained 1.86 crore subscribers, with Assets Under Management (AUM) of Rs 13 trillion
 "India's economic growth stands out globally, says FM Nirmala Sitharaman")
Cabinet okays 'One Nation, One Poll' and host of proposals in farm to space
The Union Cabinet on Wednesday cleared proposals in areas ranging from agriculture to moon and venus with a total outlay of more than Rs 60,000 crore
 "Cabinet okays 'One Nation, One Poll' and host of proposals in farm to space")
Windfall tax cut on crude may not impact companies and govt: Analysts
Analysts say move in line with falling global oil prices and shrinking upstream profits
 "Windfall tax cut on crude may not impact companies and govt: Analysts")
India becomes 6th largest market in MSCI ACWI, tops emerging markets list
China's weight has fallen by half since peaking in early 2021, while India's has more than doubled during this period
 "India becomes 6th largest market in MSCI ACWI, tops emerging markets list")
Labour Ministry pushes for shielding gig workers under e-Shram portal
Platform aggregators get 3 months to complete registration process
 "Labour Ministry pushes for shielding gig workers under e-Shram portal")
Conflict to cooperation: US-India trade hits 'high watermark' under Biden
India-US trade ties have taken a positive turn under Biden administration
 "Conflict to cooperation: US-India trade hits 'high watermark' under Biden")
Cabinet gives nod to Bio-RIDE scheme to support R&D in biotechnology
The proposed outlay for the implementation of the unified scheme Bio-RIDE is Rs 9,197 crore during the 15th Finance Commission period from 2021-22 to 2025-26
 "Cabinet gives nod to Bio-RIDE scheme to support R&D in biotechnology")
Number of Atal Pension Yojana subscribers at 69 mn, corpus at Rs 35,149 cr
About 7 crore people have subscribed to the Atal Pension Yojana (APY) whose corpus has swelled to Rs 35,149 crore, Finance Minister Nirmala Sitharaman said on Wednesday.
 "Number of Atal Pension Yojana subscribers at 69 mn, corpus at Rs 35,149 cr")
Cabinet clears Chandrayaan-4, Venus Orbiter Mission for space exploration
Moon mission Chandrayaan-4 will cost Rs 2104.06 cr while Rs 1,236 crore has been earmarked for Venus Orbiter Mission
 "Cabinet clears Chandrayaan-4, Venus Orbiter Mission for space exploration")
Modi 3.0 govt sanctioned Rs 12,554 crore to states as disaster relief fund
The Central government has also approved 'Yuva Aapda Mitra Scheme' as an extension of existing programme of 'Upscaling of Aapda Mitra Scheme' with an outlay of Rs 470.50 crore
 "Modi 3.0 govt sanctioned Rs 12,554 crore to states as disaster relief fund")
Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route
The approval was granted by the Department of Investment and Public Asset Management (Dipam) based on the recommendations of a high-level committee, a company statement said
 "Ireda gets govt approval to raise up to Rs 4,500 crore via QIP route")
Sitharaman launches NPS Vatsalya, parents can open pension a/c for children
Finance Minister Nirmala Sitharaman on Tuesday launched the NPS Vatsalya scheme, which will allow parents to save for their children's future by investing in a pension account.
 "Sitharaman launches NPS Vatsalya, parents can open pension a/c for children")
Telangana launches new MSME policy, plans to spend Rs 4,000 crore
The policy said the government is aiming to see that over 25,000 new MSMEs are established in the state in the next five years
 "Telangana launches new MSME policy, plans to spend Rs 4,000 crore")
Size of Indian economy can easily double by 2030: NITI CEO Subrahmanyam
India could easily double the size of its economy by 2030, NITI Aayog CEO BVR Subrahmanyam said on Wednesday.
 "Size of Indian economy can easily double by 2030: NITI CEO Subrahmanyam")
Russian insurance shores up oil exports to top buyer India, shows data
Over 60 per cent of Russia's seaborne oil exports go to India
 "Russian insurance shores up oil exports to top buyer India, shows data")
India plans to keep buying cheap Russian oil, says Hardeep Singh Puri
European countries and Japanese businesses are buying from Russia, so India is not alone, he said
 "India plans to keep buying cheap Russian oil, says Hardeep Singh Puri")
Govt slashes windfall tax on petroleum crude to nil effective Sep 18
The Indian government reviews the windfall tax every fortnight, and the cut comes after a significant decline in crude prices
 "Govt slashes windfall tax on petroleum crude to nil effective Sep 18")
