Page 1024 - Economy & Policy News

India's imports of cheap Russian crude surge since Ukraine invasion: Data

India received more than 24 mn barrels of Russian crude this month, up from 7.2 mn barrels in April, and is set to receive about 28 mn barrels in June, according to Refinitiv Eikon oil flows

Taking on Google, FB, Apple: CCI seeks more teeth to tackle Big Tech

The government is planning to bring changes to the existing Competition Bill 2020 to give the regulator wider powers

Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth

He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions

India's FY23 fertiliser subsidy may rise further to Rs 2.5 trillion

Finance Minister Sitharaman had said on May 21 that fertiliser subsidy would require an additional outlay of Rs 1.10 trillion over and above the budgeted amount, taking the outlay to Rs 2.15 trillion

India's domestic crude oil production slips to 28-year low in FY22

Production declined every month for last 4-and-a-half years in core sector index; old fields among likely reasons

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report

PM Cares: Modi announces education loans, monthly stipend for Covid orphans

He said in that atmosphere of negativity during the pandemic, India relied on its strength

A power crisis on an old track and a plan that was never implemented

The Railways' decision to stick with steel wagons may have contributed to the shortage of rakes to haul coal to generating plants

Lockdown, steel output restrictions hit exports to China, shows data

The exports basket is largely dominated by steel, iron ore, copper, paper products, plastics, organic chemicals, among others

IBC regime: NCLAT directs MCA, IBBI to amend statutory claims rule

The directive comes after observing gaps in the current IBC regime that deals with statutory claims

Post export ban, India asked to supply over 1.5 mn tonnes wheat: Report

'More than half a dozen countries have approached India for more than 1.5 million tonnes of wheat and we will see how to go about these requests,' says a govt official who didn't wish to be identified

Govt's wheat procurement down at 18.46 million tonnes so far in rabi year

The government has procured 18.46 million tonnes of wheat at a MSP value of Rs 37,192.07 crore so far in the ongoing 2022-23 rabi marketing year, benefitting 17.50 lakh farmers, the Food Ministry

Centre warns of CBI, EoW action against post-dated wheat export LCs

Since wheat export was banned on May 13, the government has been cracking down on exporters who are waiting to have their orders cleared on the basis of invalid LCs

Centre announces Rs 1,000 cr scheme for power and RE equipment making zones

The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore

Power ministry earmarks 81 thermal units to move coal to renewable by 2026

The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power

Dedicated freight corridors to be delayed again, deadline extended by 2 yrs

DFCC has so far commissioned 1,010 kilometres (km) of the proposed 2,843 km, pertaining to stretches undertaken by the government for both the corridors

Recovery tracker: Workplace attendance up, retail and recreation visits dip

Vehicle registrations continue into third week of decline

PMEGP extended till FY26 with Rs 13k-cr outlay; to create 4 mn jobs: Govt

PMEGP seeks to facilitate generation of employment opportunities for youth across the country by assisting them in setting up of micro enterprises in non-farm sectors.

Govt extends PLI scheme for specialty steel a third time, till June 30

The government on Monday extended for the third time the deadline to submit applications under the production-lined incentive scheme for specialty steel till June 30, 2022.

GST hasn't boosted states' tax collections, no gains seen in 5 yrs: Ind Ra

From June this year, the Centre will stop giving states any compensation for tax collection shortfall.