Page 1056 - Economy & Policy News

100 cities in six months: Govt's ambitious ONDC pilots today

UPI equivalent for e-commerce will help create a robust playbook

A core problem in domestic oil: Widening gap between targets and output

A persistent gap between output and targets has played its part in subdued core-sector growth

Govt hikes non-urea fertiliser subsidy to Rs 61,000 cr for 6 mths of FY23

The per-bag subsidy on DAP has been raised by 50% from last fiscal

US aviation watchdog likely to maintain highest safety rating for India

A continuation of the highest standard by the FAA will be a relief for Indian airlines especially the Tata group which intends to increase Air India flights on India-US routes

Global funds likely to contest I-T dept's order on tax treaty misuse

The I-T department observes irregularities in tax filings of 2013-14, 2014-15, and 2015-16

Reserve Bank of India may curb first-loss default guarantees

Only regulated entities, rated arrangements can pass muster

Consider impact on other nations before imposing sanctions: FM Sitharaman

She also blamed rising commodity prices due to Russia-Ukraine war for the high inflation

Rs 79,000 crore of GST dues to states pending for FY22: Finance Ministry

It added that all dues had been paid for FY21. So far, it has released Rs 7.35 trillion to States, including the assistance released on a back-to-back basis

Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report

E-commerce in the country is expected to reach $130 billion by 2026, as compared to $45 billion in 2021, according to the report

Indonesia stuns markets by widening ban to include CPO, refined palm oil

It's back to square one for India, one of the biggest consumers of Indonesian palm oil, days after Indonesia had said the ban would exclude crude palm oil

International airfares rise 50% on higher demand, jet fuel costs

Seats are difficult to get on flights to Europe and US and those that are available fall in the higher slabs

Rs 4,526 crore sanctioned for 540 MW Kwar hydropower project in J&K

This is part of the Indus basin and would be one of the at least four projects coming up in the district, including the Pakal Dul hydroelectric project and run-of-the-river Kiru hydroelectric project

General insurance industry's GDPI to grow by 10-12% in FY23: Report

The rise is led by higher growth in the health and commercial business segments with increasing awareness of medical insurance and uptick in economic activity, Icra Ratings said in a report

Opposition parties blame Centre for not doing enough to control oil prices

Some have now criticised Prime Minister Narendra Modi for bringing this issue up during a meeting on Covid-19

PM Modi calls out Opposition-ruled states, says some didn't cut fuel tax

PM: States did 'injustice' to people by not passing on benefit of Centre's excise duty cut

Set up factories here: India's message to semiconductor makers

A few days ago, Finance Minister Nirmala Sitharaman, during a visit to the US, made a strong pitch to the leading chip companies to invest in India.

Cabinet approves Rs 820 cr financial support for India Post Payments Bank

The support will help state-run payments bank to penetrate deeper into the country, especially in the rural area and work towards financial inclusion

Cabinet clears Rs 2,426 cr to upgrade 2G mobile sites in naxal areas to 4G

The project is spread across naxal area in 10 states and the task has been assigned to the state-owned telecom firm BSNL

Govt approves Rs 60,939 crore subsidy for phosphate-based fertilizers

The decision to raise the fertilisers subsidy was taken after a spike in the prices of crop nutrients in global markets, mainly due to supply chain disruption after Russia's invasion of Ukraine

PM street vendor's scheme (SVANidhi) to continue till December 2024

The approval was given by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi