Page 1057 - Economy & Policy News

How neobanks are set to disrupt $31 billion Indian fintech market

As the third largest fintech ecosystem in the world after the US and China, the Indian fintech market is poised for further disruption with the emergence of neobanks

Siddaramaiah writes to PM Modi, urges Centre for GST exemption on newsprint

According to Siddaramaiah, the tax on printing paper for RNI registered agencies before GST implementation was at three per cent, and it was increased to five per cent under GST system

Strong demand may bring down closing stock of major farm goods by FY23-end

Experts feel this could keep prices of major farm commodities and products dependent on them, such as poultry and meat, at an elevated level for quite some time

Govt sets timeline to launch first indigenous commercial chipsets by 2024

The Minister of State for Electronics and IT said that the Digital India RISC-V (DIR-V) programme aims to create future generations of microprocessors

India exports 13.5 MT finished steel worth Rs 1 trillion in FY22: Minister

According to official data, India's finished steel exports were at 10.78 million tonne in 2020-21

In a first, RBI may have to explain to govt why it couldn't curb inflation

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up

Rupee slumps 16 paise to 76.72 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 102.34

As subsidy spending rises, finance ministry sees no compromise on capex

Officials say no rejig of expenditure at a time when reviving growth is priority

Australia hopes digital trade agreement with India by the year-end

The outbreak of the global pandemic has impacted Australia's investment in India to a degree consistent with trends elsewhere in Asia

India urges Argentina to do away with export duty on sunflower oil

In return, New Delhi is offering import duty concession on edible oil

NITI Aayog bats for pricing freedom on natural gas in India

NITI Aayog favours selling all natural gas through the Indian Gas Exchange

India Inc plans greater capex push in FY23, says CEO survey by BS

More than half the CEOs surveyed say they plan to increase investment by over 25%

Be part of India's growth story: Nirmala Sitharaman at Silicon Valley

Finance Minister Nirmala Sitharaman at the Silicon Valley invited investors to be part of the country's growth story

Peak power supply across India crosses record 201GW mark

It has surpassed last year's (record of) maximum demand met of 200.539 GW which occurred on 7th July 2021, it informed

Power outage in Mumbai and Thane highlights energy crisis in state

Maharashtra has a deficit of 3,500 Mw per day due to heat wave, pick-up in industrial activity

Net direct tax collection reaches highest figure of Rs 14.09 trn in FY22

The net direct tax collection has increased by 49.02 per cent during financial year 2021-22

19 firms file applications under PLI scheme for white goods in 2nd round

The ministry said that among the 19 applicants, eight are for AC components and 11 for LED Lights

Fund utilisation of minority schemes slowed amid Covid pandemic, shows data

Expenditures under other schemes, such as grants-in-aid for the Maulana Azad Educational Foundation, have also been declining in the last few years

Expense on manpower unsustainable; surrender posts: Railway board to zones

The employees in such posts should be redeployed where there is a need for manpower and, if required, some of the work can be outsourced, the board has said

India's May palm oil imports on track despite Indonesia's curbs: Traders

India's palm oil imports in May are set to rise above 600,000 tonnes despite the restriction imposed by Indonesia on exports