Page 1061 - Economy & Policy News
India produced 120 MT crude steel in FY22: Steel Minister Ram Singh
India produced 120 million tonne (MT) of crude steel during financial year ended March 31, 2022, Steel Minister Ram Chandra Prasad Singh has said.
 "India produced 120 MT crude steel in FY22: Steel Minister Ram Singh")
Covid-19 pandemic & Russia-Ukraine war: Black swans in India's gas economy
The war in Ukraine is upending the Modi government's efforts to make the creation of natural gas infrastructure and access a critical component of its economic programme
 "Covid-19 pandemic & Russia-Ukraine war: Black swans in India's gas economy")
West Bengal aims to double exports of agriculture & allied products by 2030
The government has identified export clusters across the state to ensure focused processing and higher production, he said
 "West Bengal aims to double exports of agriculture & allied products by 2030")
India keen to boost oil imports from Brazil: Hardeep Singh Puri
India, the world's third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said
 "India keen to boost oil imports from Brazil: Hardeep Singh Puri")
Gem, jewellery exports rebound 56% to touch $39 bn in FY22: GJEPC
Gems and jewellery exports rebounded in 2021-22 to touch USD 39.15 billion, showing a nearly 55 per cent jump compared to the previous financial year, industry body GJEPC said on Thursday.
 "Gem, jewellery exports rebound 56% to touch $39 bn in FY22: GJEPC")
Govt bars PSEs from buying state-owned companies on block for privatisation
The finance ministry has barred public sector enterprises from bidding for other Central Public Sector Enterprises (CPSEs) which are on the block for privatisation
 "Govt bars PSEs from buying state-owned companies on block for privatisation")
Fertiliser subsidy set to touch record Rs 1.65 trn in FY23: Report
According to the report, in the past two fiscals, the government has paid an additional Rs 1.2 lakh crore and increased the budgeted subsidy
 "Fertiliser subsidy set to touch record Rs 1.65 trn in FY23: Report")
India to push ahead with six airbags in cars despite resistance: Report
India's road transport ministry is pushing ahead with its decision to require all passenger cars to have six airbags, despite resistance from some carmakers
 "India to push ahead with six airbags in cars despite resistance: Report")
To curb pollution, Govt proposes battery-swap plan for e-bikes, rickshaws
The policy, which will be valid through March 2025, is targeted at electric two- and three-wheel vehicles "heavily concentrated" in urban areas
 "To curb pollution, Govt proposes battery-swap plan for e-bikes, rickshaws")
India adds 13.5 GW of renewable capacity in FY22, 12% higher than last yr
India added 13.5 GW of renewable energy capacity in 2021-22, which is 128 per cent higher than that in 2020-21, a statement said on Thursday.
 "India adds 13.5 GW of renewable capacity in FY22, 12% higher than last yr")
8-hour blackouts hit India; hottest March points to 'looming power crisis'
A surge in demand for electricity has prompted states including Punjab and Uttar Pradesh in the north and Andhra Pradesh in the south to cut off supply
 "8-hour blackouts hit India; hottest March points to 'looming power crisis'")
Nepal's economy slow and in danger amidst economic challenges, say experts
Amid sluggish major macroeconomic indicators, Nepal has been facing economic challenges and hassles as per the latest central bank data.
 "Nepal's economy slow and in danger amidst economic challenges, say experts")
NITI Aayog releases draft battery swapping policy, prioritizes major cities
According to the draft policy, vehicles with swappable batteries will be sold without a battery, providing the benefit of lower purchase costs to potential EV owners
 "NITI Aayog releases draft battery swapping policy, prioritizes major cities")
Top industrial states plan to import 10.5 mn tonnes of coal to beat crisis
The move by India, the world's second largest coal importer, could lead to a further increase in global prices, which are already trading near record highs
 "Top industrial states plan to import 10.5 mn tonnes of coal to beat crisis")
Indian rupee almost flat against US dollar at 76.31 in early trade
Unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said
 "Indian rupee almost flat against US dollar at 76.31 in early trade")
IMF urges India to prioritise food security, expand transfers to vulnerable
The International Monetary Fund has urged India to prioritise food security and expand transfers to the vulnerable in the wake of the global economic crisis
 "IMF urges India to prioritise food security, expand transfers to vulnerable")
World Bank welcomes India's move of selling oil from its stockpiles
World Bank President David Malpass has welcomed India's move to begin selling oil from its stockpiles
 "World Bank welcomes India's move of selling oil from its stockpiles")
INS Vagsheer: Launched with a coconut, a boost to submarine fleet
INS Vagsheer, the last of the Scorpenes, is a reincarnation of a diesel-electric boat that the Soviet Union supplied in 1974
 "INS Vagsheer: Launched with a coconut, a boost to submarine fleet")
Govt amends rules governing Nidhi companies; prior declaration 'mandatory'
The ministry said during 2014-2019, more than 10,000 companies got incorporated
 "Govt amends rules governing Nidhi companies; prior declaration 'mandatory'")
Money sent abroad for travel grew threefold in February: RBI data
Reserve Bank of India (RBI) data showed in FY21, Indians spent about $3.23 billion for travel, sharply down from $6.95 billion in FY20.
 "Money sent abroad for travel grew threefold in February: RBI data")