Page 1031 - Economy & Policy News

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"

5G roll-out: DoT, telcos weigh options to cross equipment testing hurdles

After meetings with stakeholders, the DoT is looking at various options which include an extension of the deadline

ESIC-run social security scheme adds 1.4 million new members in March

From September 2017 to March 2018, around 8.33 million new subscribers joined the ESIC scheme

Nations send in requests to India seeking supplies after wheat export ban

Export demand from India has seen a surge this year due to the shortage of wheat in the world markets because of the Russia-Ukraine war

WEF 2022: Advanced economies to be back on track by 2024, says Gopinath

Advanced economies will be back on track by 2024, but developing economies will be 5 per cent below where they would have been otherwise, IMF's Gita Gopinath said

No plan to change govt's FY23 borrowing target despite revenue hit: Source

No compromise on capex; consolidated fund to be used if needed, the source said

Hope sanity returns at soonest to supply chains: Sunil Bharti Mittal

He was speaking during a session on 'advancing digital cooperation', moderated by Observer Research Foundation President Samir Saran, during the World Economic Forum Annual Meeting 2022

India joins First Movers Coalition to decarbonise carbon-heavy sectors

Led by the WEF and the US government, the First Movers Coalition targets sectors, including aluminium, aviation, chemicals, concrete, shipping, steel and trucking

PowerMin announces second special scheme in two years to clear discom dues

Total amouny owed to gencos at record Rs 1 trillion; scheme enables discoms to pay up in 48 instalments, freezes amount outstanding as on notification date

RailTel posts highest-ever consolidated income of Rs 1,628 crore in FY22

With this, RailTel has posted a profit before tax amounting to Rs 281 crore and profit after tax of Rs 209 cr during the Financial Year 21-22 on consolidated basis

Cap on sugar exports will ensure availability in festivals: Food Secretary

Edible oil industry criticises zero-tariff quota on soy and sun oil; palm imports could fall to an 11-year low.

WTO MC12: India will agree to fisheries deal if it is 'equitable'

The current draft is unfairly constraining the less developed nations that don't have the capacity and resources to support their industry and farmers

Govt exploring Rupee-Rouble payment for fuel import amid sanction: Report

The government is exploring a payment mechanism for the import of oil from Russia in view of the sanctions imposed by the US and European countries following Moscow's attack on Ukraine.

WEF 2022: India puts 'new reality' on display with Davos street show

Inside a pavilion on the Swiss Alpine resort's Promenade street beneath an "India @ Davos 2022" logo, the federal govt served up treats including 'masala chai' tea, 'samosa' snacks

Don't want surplus wheat, sugar to go in hand of hoarders: Goyal at WEF

22 countries have food regulations to protect their own food security, says union commerce minister

Govt has no plan for additional borrowing to manage fiscal deficit: Report

This, despite sacrificing revenue on account of reduction in duties on petroleum products and other goods, say official sources

Export ban decisions based on domestic needs, checking hoarders: Goyal

With the WTO chief sitting next to him in the panel, Goyal said India traditionally has never been an exporter of grains and was rather importing initially, till the Green Revolution happened.

Inflationary concerns may delay GST rate rationalisation: Report

With the inflation rate ruling at an all-time high, there is hardly any scope for GST rate rationalisation, say sources