Page 1030 - Economy & Policy News

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.

Yogi's new govt presents first budget, says UP set to become $1-trn economy

The Rs 6.15 lakh crore budget for 2022-23 -- up from Rs 5.5 lakh crore last year --- sets aside Rs 39,000 crore for welfare schemes, the government said.

As US buyers check for source, Surat diamond industry changes sales plan

Polishing units shift focus to domestic business as American clients shun Russian stones and company partly owned by the Kremlin comes under sanctions.

WEF calls for recreating a win-win world as annual Davos meet ends

The World Economic Forum on Thursday called for recreating a win-win world as its Annual Meeting 2022 in this Swiss ski resort town ended with the war in Ukraine, energy and food crises, etc

WEF 2022: Globalisation's cheerleaders grasp for new buzzwords at Davos

By Dan Burns and Leela de Kretser

Back to snow: World Economic Forum reverts to Jan for 2023 annual meeting

By Aditya Kalra and Dmitry Zhdannikov

Gold prices drop as May policy minutes confirm Fed's tightening path

By Swati Verma

BS Number Wise: How consumption is set to outstrip food grain production

Consumption will exceed food grain production but the world is not on the brink of a hunger crisis

Govt notifies new vehicle insurance rates, will be applicable from June 1

A discount of about 15% and 7.5% on the premium has been allowed for electric and hybrid electric vehicles, respectively

Q4 GDP growth may be less than 3%: SBI study flags 'forecaster's nightmare'

Lender's chief economic advisor says projection for economy is clouded by significant uncertainties.

Moody's slashes India's 2022 GDP growth forecast by 30 bps to 8.8 per cent

In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year

FY22 GDP growth seen at 8.2-8.5%, Q4 to come at 2.7%: SBI Ecowrap report

SBI's research report Ecowrap, in its latest edition, projected India's GDP growth for FY22 to be at 8.2-8.5%

Bad news for vehicle owners as third party premium to be hiked from Jun

From June 1, 2022 onwards, the motor third party liability insurance premium has been jacked up by the central government despite the portfolio being hugely profitable for the insurers

UP budget to focus on infra, employment, youth and women: State FM

Uttar Pradesh Finance Minister Suresh Khanna on Thursday said that the state's budget for 2022-2023 would focus on infrastructure, employment generation, youth and women.

Budget dedicated to overall development of Uttar Pradesh: Adityanath

State Finance Minister Suresh Kumar Khanna said the budget would be for the welfare of the people and according to the BJP's 'Sankalp Patra'

UP gears up for 3rd ground-breaking ceremony at Global Investors Summit

Hectic preparations have begun for the Global Investors Summit in Uttar Pradesh, which will pave way for making the state a $1 trillion economy

With a chapati crisis brewing at home, can India afford to feed the world?

As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent

Telecom dept removes five products from its prior mandatory testing list

DoT has exempted "Mobile user equipment/mobile handset", "server", "smart watch", "smart camera" and "point of sale devices" from "prior mandatory testing and certification in respect of parameters"