Page 1018 - Economy & Policy News

With green hydrogen priced at $1 a kg, India hopes to spur clean energy use

India wants global funders including the World Bank to structure guarantee programs to help access funds at low rates, said Niti Aayog CEO Amitabh Kant

High commodity prices continue to weigh on trade deficit: Acuite

The expectation of the expansion of current account deficit is not just driven by elevated global commodity prices, but is also linked to the unlocking of the economy, Acuite Ratings & Research said

PM Modi inaugurates 'Iconic Week' celebrations, launches Jan Samarth portal

PM Modi kick-started the "iconic week" today, celebrated between June 6 and June 11, 2022, and launched a portal for credit-linked government schemes called Jan Samarth Portal

Statsguru: Six charts show GST's revenue challenge for Centre, state govts

But a longer-term perspective on state collections raises questions on GST's ability to fulfil certain primary objectives

EPFO mulls increasing equity investment limit to 25% to bridge shortfall

Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO

Most economists see 50-bp repo rate hike: Business Standard policy poll

FY23 inflation projection may go above 6%; liquidity steps anticipated

Govt plans to offload some of interest cost on aid given to partner nations

The central government plans to tweak letters-of-credit rule

CPSEs to execute sale of units having Cabinet nod for privatisation: DIPAM

Those transactions for which Expression of Interest (EoI) have been issued will continue to be handled by the Department of Investment and Public Asset Management (DIPAM)

A first: After the success of nano urea, nano-DAP soon for farmers

Fertiliser major IFFCO has been asked to do the groundwork on this

India pitches sharp economic recovery to make case for ratings upgrade

Government officials have admitted that global inflationary pressures due to Russia's invasion of Ukraine have hit household savings and corporate margins, and will impact growth

Worry over non-tariff trade barriers after Turkey action on Indian wheat

Phytosanitary norms often cited to settle political scores or for vested interest: Experts

GoM may suggest pruning GST exemption list ahead of Council meeting

A meeting of the GST Council is expected this month or early next month. It may discuss the inverted duty structure, too

Govt won't impose countervailing duty on few Malaysian aluminium imports

Domestic firms had alleged that subsidised imports from Malaysia are causing material injury to them and had requested the imposition of countervailing duties on the imports

Efforts on to introduce ethanol in agri, construction equipment: Gadkari

Union Minister Nitin Gadkari on Saturday stressed on the need to switch to alternative fuel like ethanol and said efforts are on to introduce ethanol in construction and agriculture equipment.

58 coal blocks to start in FY23, 138.28 MT production targeted: Ministry

The Coal Ministry expects operationalisation of 58 coal blocks in 2022-23 and has set target of 138.28 million ton coal production, an official statement said

Railways to invest over Rs 95,261 cr to link northeastern state capitals

Railways would invest over Rs 95,261 crore to execute 21 projects including connecting the state capitals of Manipur, Mizoram and Meghalaya by 2023, and Nagaland capital by 2026

Ferro Scrap Nigam privatisation: Deadline to submit bids extended again

The last date for submitting initial bids for the privatisation of FSNL has been extended to June 17

WTO June meet: India not likely to create a hurdle on e-com moratorium

Developing countries, including India, have been battling for policy space to impose Customs duties on electronic transmissions

DGCA urges doctor's advice before denying boarding to special-needs flyers

The regulator's move comes shortly after an incident at Ranchi Airport where India's largest airline IndiGo refused to let a disabled teenager board its aircraft

Irdai eases capital requirement for insurers to offer PMJJBY schemes

PMJJBY provides life insurance cover worth Rs 2 lakh to all account holders aged 18-50 years