Page 1062 - Economy & Policy News

Govt to launch AYUSH visa for traditional medical tourism, set up parks

To launch AYUSH mark for standardisation of products in traditional medicine

Prescribed rollout obligations in sync with global 5G norms: Trai official

Trai has said the rollout obligations prescribed by it as part of the recent spectrum recommendations are easy, fair and rational, and fully in line with global 5G norms

India ends FY22 with 2.6% drop in oil production

India's crude oil production fell 2.67 per cent in fiscal year ending March 31, as state-owned ONGC produced less than the target, but natural gas output rose helped by KG production by Reliance-BP

Norwegian FM in India next week; discussions on climate, energy likely

Norwegian FM Anniken Huitfeldt will visit India from April 25-27 during which she would take part in the Raisina Dialogue and hold talks with the Indian leadership to strengthen bilateral ties

India should aspire to become high-income country by 2047: NITI Aayog CEO

Kant further said that India will grow if the country can use power of its private sector

Govt amends rules governing Nidhi companies, acceptance of deposits

Further, promoters and directors of the company concerned have to meet the criteria of fit and proper person as laid down in the rules

Retail inflation for farm, rural workers rises to 6.09%, 6.33% in March

The major contribution towards the rise in the general index of agricultural labourers and rural labourers came from the clothing, bedding and footwear group

PM Gati Shakti crucial for India to become $5 tn economy: Gadkari

Speaking at an event to mark the 15th Civil Services Day, Gadkari further said coordination and communication are required among different stakeholders for the completion of infrastructure projects.

Financepeer raises $31 mn in funding led by QED Investors, Aavishkaar

This is the second funding for the city-based startup, which is the industry leader with over 40 per cent externally-funded education fee market

10.6 mn domestic passengers travelled in March; 38% more than Feb: DGCA

In the last two years, the aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries in view of the Covid-19 pandemic

Currency devaluation detrimental to nation's export interests: Piyush Goyal

He also said it is important for India to expand exports significantly and encourage investments to increase foreign exchange inflows into the country

India to seek UK trade pact, easier worker visas during Johnson's visit

The British prime minister's trip comes just weeks after Foreign Secretary Liz Truss visited New Delhi in a bid to convince the Modi government to condemn Russia's invasion of Ukraine

Hospital industry revenue growth likely to moderate in FY23: Report

The rating agency said the performance of its sample set of hospital companies remained strong in Q3 FY22 on the back of continued momentum of elective procedures and strong ARPOB

The promise and pain of insuring natural disasters at the state level

While claims and compensation for victims are settled expeditiously, the pressures on revenues prevent many states from making top-up contribution to the SDRF and NDRF

G20 nations need to coordindate urgently for economic recovery: Sitharaman

The the G20 Emerging Market Economies meeting was organised by the IMF on the sidelines of the upcoming G20 Finance Ministers and Central Bank Governors meeting

Cheap Indian wheat faces quality checks, high freight cost for Egypt export

Traders also said freight costs would be a challenge for Indian suppliers, adding that the lowest freight cost on Tuesday stood at $70 a tonne

India to launch quality mark for traditional medicines, Ayush visa: PM Modi

The special 'Ayush visa' will help those who wish to seek traditional treatments in India, he said

BS Number Wise: Indian states are living dangerously on subsidies

Their tax revenues can't keep up with their largesse: it's a policy that risks putting them in economic peril

India doubles down on every major Russian oil variety as flows persist

India has a longstanding relationship with Russia that includes weapons buying, and purchasing of oil adds to the Kremlin's coffers while it tackles financial sanctions

Should purchasing power parity of $3.2 be made India's formal poverty line?

Experts have some reservations about the methodology used to arrive at the number, and that the poverty figures under the existing PPP of $1.9 per person per day have been understated