Page 1045 - Economy & Policy News

Power crisis not one of capacity but delayed coal deliveries to generators

India's climate plans since November reveal slow progress towards meeting renewables target and an exponential expansion of thermal generation in the face of a power crisis

Discoms' outstanding dues to gencos rise 4% to Rs 1.21 trn in May

Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge interest on that in most cases.

Power crisis: Gencos may not switch on idle units soon over fuel cost surge

Imported coal price at nearly $380 per tonne, while power price is capped at Rs 12 per unit, say players

Non-core asset demerger likely to delay Shipping Corp and BEML sale

In the scheme for demerger of non-core assets announced by SCI, certain changes, including extra surplus cash, had to be approved, the official said

Power crisis: Buzzing Manesar hub goes silent in powerless summer

The first of a pan-Indian series, based on a ground report, shows how the Manesar industrial hub is coping with the challenge

Govt seeks to replicate NHAI success with InvITs at railways and ports

Plans more launches in FY23; gas pipelines, other sectors also on radar

DoT abolishes NOCC charges for all telecom licence holders

It had earlier levied Rs 21 lakh per transponder a year for 36 MHz of spectrum on pro-rata basis

Statsguru: Six charts show Indian economy's structural constraints

The RBI report stated that India would need to boost exports further and carry out import substitution

HC order to pare GST outgo for buyers of under-construction flats: Experts

Currently, GST is levied on sale of under-construction flats/units wherein the entire value of flat or uni is taxed after giving Ad Hoc deduction of 1/3 of value of flat/unit

Govt to invite bids for SCI sale by Sept; hive off Shipping House: Report

The government is likely to invite financial bids for Shipping Corporation of India by September, after the process of demerger of non-core assets is completed, an official said.

RBI interest rate hike wasn't surprising, timing was: FM Sitharaman

For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash reserve ratio by 50 basis points to 4.5 per

UAE Minister of Economy to lead high-level business delegation to India

UAE's minister for small and medium enterprises is also part of the delegation.

Lower taxes on hybrid cars can speed up India's EV adoption: Honda

The automaker noted that hybrid technology is currently best suited for Indian conditions as it is not dependent on external charging infrastructure.

Domestic LPG cylinder price hiked by Rs 50 from today; to cost Rs 999.50

With the new revision, the cooking gas cylinder will now retail at Rs 999.50 in Delhi.

FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain

Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology

Centre allows export of additional 2,051 MT of raw sugar to US for FY22

The Centre has allowed an additional 2,051 metric tonnes of raw sugar to be exported to the US under the Tariff Rate Quota (TRQ) for the US fiscal year 2022.

Govt to reassess broadcast pricing structure as media competition hots up

Direct-to-home active subscribers fell to 68.52 million in December from 70.99 million in March 2020

India plays catch-up in global chip race, offers subsidies to woo firms

Despite a $10 billion incentive package, the country is competing with rich countries offering bigger subsidies, markets and efficient ecosystems to attract investments

Disclosure norms on investments from neighbour nations tightened

This is alignment with the tweaked FDI policy of 2020 under the approval route to curb hostile takeovers

Unemployment rate at 8.7% in October-December 2021, says NSO survey

Joblessness was high in October-December in 2020 mainly due to the staggering impact of the lockdown restrictions in the country, which were imposed to curb the spread of the deadly coronavirus