Page 1027 - Economy & Policy News

Finance Ministry allows govt departments to carry over quarterly spending

The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure

India's protectionist moves spark concern that rice may be next target

India has stockpiled more than enough rice and prices have been under control

India has no plans to curb rice exports as local supplies surge: Report

India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year

India Q1 GDP growth likely slowed for the third consecutive quarter: Poll

Growth in Asia's third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year ago in a Reuters poll of 46 economists

Strong demand powers Indian economy past record inflation, for now

The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers

Do Thomas Malthus's words still hold water?

If the Ukraine-war doesn't end soon, we may witness food crises in parts of the world. So, do we need another green revolution to boost food production and save us from Thomas Malthus's prophesy?

How close is the govt to its divestment target for FY23?

After missing disinvestment target for three years, will the govt be able to nail it this financial year? How are things progressing for the Centre's divestment and privatisation plans? Let's find out

Standards for shared economy on the cards amid rise in consumer complaints

Part of bigger action plan to create benchmarks for services

Centre in talks to address legal hurdles in liquidating Devas Multimedia

Officials discussed the Companies Act and its implementation under the mutual legal assistance treaty (MLAT)

Moody's cuts CY22 India GDP growth forecast to 8.8% amid rising inflation

Says rise in crude, food, and fertiliser prices will weigh on household spending

SBI economists peg Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

Official data on the economy is expected to be released on May 31

Govt brings import of paper under compulsory registration from Oct 1

Move addresses dumping concerns of domestic paper industry and also checks re-routing of goods through other countries in lieu of trade agreements, says govt

Will formally launch free trade negotiations with India very soon: EU

European Union Executive Vice-President and Trade Commissioner Valdis Dombrovskis has said the EU will formally launch negotiations for the proposed free trade agreement with India "very soon"

Adityanath 2.0 presents maiden UP Annual Budget 2022-23 of Rs 6.15 trn

Big ticket Budget aligns with UP's trillion dollar economy vision

Govt relaxes norms for ministries in bid to push public expenditure

Ministries are now permitted to utilise unspent balances from Quarterly Expenditure Plan for 1st and 2nd quarter within a fiscal year under intimation to Budget Division for cash management purposes

Officers to face strict disciplinary action for coercive GST collection

However, tax consultants are still sceptical that this instruction will stop coercive recovery for GST payments

Indian fintech's success an example of popular support for reforms: Modi

India got record amount of foreign investments last year during the coronavirus pandemic, says Prime Minister in Hyderabad.

Economists see limited impact of oil prices on India's GDP growth in Q4

Projections by economists range widely, from 2.7% to 5.5%, but most, however, agree that the economy was on a steady footing in Q4FY22

Home truths about urban housing scheme: 60% completion in 11 of 35 states

It would take the government another five years to construct all houses sanctioned under Pradhan Mantri Awas Yojana (urban).

Hasmukh Adhia panel suggests Gujarat reorient budget towards services

State must increase spending on tourism, IT, financial services, education and sports.