Page 1049 - Economy & Policy News

India, Denmark to further strengthen Green Strategic Partnership

A number of agreements covering sectors such as green shipping, animal husbandry and dairying, water management, energy, cultural exchange were inked after the bilateral talks

Delhi's peak power demand dips to 6,140 MW amid drop in max temperature

Amid a drop in the maximum temperature over the past two days, Delhi on Tuesday witnessed a slight dip in its peak power demand that was recorded at 6,140 MW, discom officials said.

Affordable housing finance cos loan book to grow 17-20% in FY23: Study

Affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20% in FY23, supported by the government's higher focus on housing and a favourable tax regime, says a report.

SIA urges India to align with Europe, 120 nations on spectrum allocation

Satellite communications industry body SIA has written to the government urging it to align the radiowaves allocation policy with Europe and over 120 countries

Experts not convinced about CMIE's unemployment data for April

Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy (CMIE), particularly about the statistics of the rural areas.

India falls 7.6% short of coal supply targets in April even as output rise

India faced its worst power crisis in over six years in April as demand hit a record high

India's April coal output tops 66.15 mn tonnes amid power crunch: Report

India's total coal production in FY22 was 777.02 million tonnes, up by 8.5 per cent from 716 million tonnes in FY21

Germany commits 10 billion euros for green projects in India by 2030

PM Modi says both sides launched Indo-Germany partnership on sustainable development

Odisha government to release Rs 804 crore in bank accounts of 4 mn farmers

Odisha Agriculture Minister Dr Arun Kumar Sahoo put up an advertisement in the newspaper on Tuesday regarding the same

Rise in yarn prices: TN's Tirupur garment units to go on 6-day strike

The price of cotton yarn has increased by Rs 40 per kg after the Centre reduced the import duty on cotton.

India to receive 10 bn euros for green projects from Germany until 2030

The Foreign Secretary highlighted the agreement signed between the two countries on collaboration on green hydrogen and renewables.

Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report

The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI report said

Panel for 28% GST on casino, online gaming: West Bengal FM Bhattacharya

The report of the GoM is likely to be taken up in the next meeting of the GST Council expected later this month

Inflation, imports main reasons for record GST collections, says report

The ministry attributed the robust mop-up to its tightened compliance measures and a crackdown on GST evaders and fake bills

11% fewer households demanded work under MGNREGA this April, shows data

In April 2021, 26.18 million households had sought work under the scheme while in April 2020, the number was 13.41 million

India's manufacturing PMI expands to 54.7 as demand picks up faster

In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction

India's $5-trillion economy dream: Not before FY29, says IMF

However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29

AAI starts collecting dues from foreign airlines directly as navigation fee

Process changed after Indian organisation's $29 million was seized in Europe in the Devas arbitration matter.

India, Germany ink pact on green hydrogen during Modi's Berlin visit

Union Minister for Power and New and Renewable Energy R K Singh and German Minister for Economic Affairs and Climate Change Robert Habeck signed the joint declaration virtually

Gadkari pitches for priority sector lending to alternative fuel players

Gadkari said they found it difficult to compete with the petrol and diesel sector, which has deep pockets