Page 1048 - Economy & Policy News

PM Modi meets Swedish counterpart in Denmark, discusses ways to deepen ties

Prime Minister Narendra Modi met his Swedish counterpart Magdalena Andersson here on Wednesday and the two leaders discussed ways to deepen bilateral ties and the progress in the Joint Action Plan.

PM Modi meets Iceland counterpart in Denmark; discusses ways to boost ties

Prime Minister Narendra Modi on Wednesday met his Iceland counterpart Katrin Jakobsdottir and discussed ways to boost ties in areas like trade, energy and fisheries.

In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent

The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das

Take a cautious approach in launching a digital currency, says report

Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper

RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm

The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news

People must be at heart of any infrastructure growth story: PM Modi

The prime minister mentioned India's efforts to scale up basic facilities like education, health, drinking water, sanitation, electricity and transport while also tackling climate change

India sets end-June as coal import target as power crisis mounts

The move can put pressure on the global prices of coal as the utilities rush to avoid a repeat of the electricity crisis in April

AAIB to probe SpiceJet Durgapur flight 'accident' after flyers are injured

DGCA has already carried out a preliminary probe and has initiated inspection of SpiceJet's entire fleet

State govts' borrowings to be lower by Rs 50,000 crore in Q1: ICRA

During Apr 1-May 2 FY2023, only Andhra Pradesh (Rs 44 billion), Maharashtra (Rs 40 billion), Punjab (Rs 25 billion) and Haryana (Rs 15 billion) raised through State Development Loans (SDL)

India should take caution in introducing CBDC, says NCAER report

The report says that while a CBDC would have more penetration, the reach of Unified Payments Interface is widespread.

Cumin prices to touch 5-year high as output shrinks by third: Report

Crisil estimates cumin prices to shoot up 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the Rabi season 2021-2022

Heat wave hurting farmers' income as yields drop across several crops

This could have an impact on their final output and prices in the months to come

India's exports up 24% to $38 bn in April; trade deficit widens to $20 bn

The preceding month had witnessed record outbound shipments of $42.2 billion

CBDT to taxmen: Complete 30% faceless assessments by end-June

Faceless assessment units identify issues, seek information, and analyse material to conduct assessment

Govt's Rs 7,000-cr port monetisation drive delayed on security clearance

The Ministry of Ports, Shipping and Waterways could award projects worth only Rs 1,000 crore in FY22, achieving barely 14% of the target

Coal production rises 28% in Apr on strong demand from power sector

The overall coal production was at 51.6 mt in April 2021

Centre to rate PSUs on capital mgmt, investor concalls among new parameters

PSUs also have to comply with asset monetisation targets set collectively by their administrative ministry

AC sales hit record high of 1.75 million units in April, says CEAMA

Already, in April the industry has clocked the sale of around 17.5 lakh units, which is also an all-time high for the month.

BS Number Wise: Education and the ability-to-pay principle in India

The fees Jawaharlal Nehru University (JNU) earned per student per annum, at Rs 7,375, was 99 times lower than the spending on academic, administrative, and other costs per student per annum in 2019-20

Innovations to mitigate carbon emission in dairy sector

A study by FAO has found that 36% of greenhouse gas emissions in India originate from its agri-food systems