Page 1038 - Economy & Policy News

Telangana govt hikes liquor prices by 20-25% to mop up revenues

The Telangana government has increased the liquor prices by 20 to 25 per cent to mop up revenues.

Explained: Why India is facing its worst power crisis in over six years?

India is facing its worst power crisis in over six years as a heatwave bakes vast swathes of South Asia, causing widespread power outages

Equity funds bet on sectors likely to gain from an economic revival

These include capital goods, public sector banks, automobiles, oil and gas and utilities

5G rollout will be limited in near term, says Airtel CEO Gopal Vittal

Expresses disappointment on 5G Spectrum reserve price, hints at another tariff hike for ARPU growth

Govt pushes states, gencos to import coal before monsoon to offset shortage

The power ministry has directed all gencos to ensure adequate stocks at their power plants for smooth operation until October 2022

Centre looks to ensure easy credit from banks to cooperatives sugar mills

With cooperative sugar mills complaining of difficulty in accessing loans from banks due to a plethora of conditions, FM Sitharaman held a high-level meeting with senior officials to iron out glitches

Coal firms report delay in loading at railway sidings due to shortage

So far in May, 1,205 rakes allotted to the seven companies of CIL have incurred delays. This is close to a third of CIL's total loading.

EAC-PM's report suggests scheme for urban jobless, universal basic income

According to the report, while growth has taken place in terms of an increase in wages earned, the benefits of that growth have been concentrated and this has marginalised the poor further

Outward remittances through RBI's LRS hit an all-time high in FY22

In FY22, outflows under the LRS scheme was to the tune of $19.61 billion, up 54.6 per cent from FY21, data released by the RBI showed

S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%

The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside

India likely to extend credit line to Sri Lanka for essential medicines

The quantum of the line of credit to be extended is not yet known

Cabinet empowers PSU boards to recommend stake sale, close subsidiaries

At present, PSU boards have the authority to make equity investments, undertake mergers and acquisitions subject to certain ceilings of net-worth

Cabinet approves National Biofuel Policy after slew of amendments

Also, more feedstocks have been allowed for the production of biofuels which can be doped with auto fuels

Remain watchful of recent geo-political developments: RBI Governor to banks

Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

At the moment, most online gaming platforms pay 18 per cent on the commission collected by online gaming platforms for each game

Welfare schemes galore in Rajasthan's budget, but are they sustainable?

Like most other state budgets, Rajasthan's appears to have been crafted with one eye on the polls, while side-stepping on the issue of resources available to finance its programmes

NDAP's standardisation drive: Big shot at making govt data more accessible

While challenges do exist, the platform is focused on making official data contemporary with a constant mechanism of additions and updates

EAC-PM report recommends scheme for urban jobless, universal basic income

While growth has taken place in terms of an increase in wages, the benefits of that growth have been concentrated and this has marginalised the poor, states 'The State of Inequality in India' report

Pollution costs India nearly as much as govt health expenditure: Study

Air pollution kills more men than women, while it's the other way round for water pollution

India warns of fuel-supply cuts to utilities if coal imports delayed

Most state-run utilities are debt-laden and will have to import more coal to fire their power plants due to reduced local supply