Page 1063 - Economy & Policy News
Oil & gas assets: Centre eyes innovative ways for asset monetisation
The centre is exploring innovative ways to monetise assets in oil and gas as well as other sectors in the ongoing fiscal year
 "Oil & gas assets: Centre eyes innovative ways for asset monetisation")
Russian officials in talks with RBI to find solution on payments
Surovtsev welcomed India's diplomatic response to the situation following the war in Ukraine
 "Russian officials in talks with RBI to find solution on payments")
IMF slashes India's FY23 GDP growth forecast to 8.2%
The IMF's projection of India's retail inflation is now at 6.1 per cent, higher than the Reserve Bank of India's (RBI's) forecast of 5.7 per cent
 "IMF slashes India's FY23 GDP growth forecast to 8.2%")
48 hours before UK PM's arrival in India, no clarity on itinerary yet
The first UK prime minister to visit Gujarat, Johnson will begin his two-day visit to India with Modi's home state on April 21, ahead of "in-depth" talks with the latter in New Delhi on April 22.
 "48 hours before UK PM's arrival in India, no clarity on itinerary yet")
CIL raises coal supply to power units; in talks with govt to build stocks
The country's largest coal producer and supplier CIL on Tuesday said it has upped its supplies by 14.2 per cent to coal-based electricity generating plants in the first half of the current month
 "CIL raises coal supply to power units; in talks with govt to build stocks")
India's policy challenges will hinder net-zero progress, says Moody's
Many of the country's large private companies have announced net-zero targets that are well ahead of Indian authorities' goals
 "India's policy challenges will hinder net-zero progress, says Moody's")
There won't be any fertiliser shortage in kharif season, says govt
The government also said that it will soon announce the subsidy rate for non-urea soil nutrients for the current fiscal
 "There won't be any fertiliser shortage in kharif season, says govt")
Fitch Ratings trims India's gas consumption growth to 5% on high prices
Fitch Ratings cut its India gas consumption outlook for the current fiscal to a growth of 5 per cent as the recent spike in domestic gas prices and high LNG rates would slow the shift
 "Fitch Ratings trims India's gas consumption growth to 5% on high prices")
Sugar exports estimated at a record 9.5 million tonnes in 2021-22
Government says prices won't rise; closing stock levels seen among lowest in last 10 years
 "Sugar exports estimated at a record 9.5 million tonnes in 2021-22")
Govt sets foodgrain output target at 328 mn tonnes for 2022-23 crop year
The target is 3.8% higher compared to previous year's output
 "Govt sets foodgrain output target at 328 mn tonnes for 2022-23 crop year")
Govt setting up 75 digital banks this year, says FM Nirmala Sitharaman
Sitharaman is in Washington DC to attend the annual spring meeting of the International Monetary Fund and the World Bank
 "Govt setting up 75 digital banks this year, says FM Nirmala Sitharaman")
Crisis-hit Sri Lanka, India revive talks to link electric grids: Report
India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters
 "Crisis-hit Sri Lanka, India revive talks to link electric grids: Report")
National Crime Records Bureau report shows arson cases had declined in 2020
However, 14 of 35 states recorded an increase in arson incidents in 2020: NCRB data
 "National Crime Records Bureau report shows arson cases had declined in 2020")
Vande Bharat gets back on track after myriad controversies, vigilance probe
It is this huge business that, the government is hoping, may change the future of the Indian Railways and put the country on a faster development track'
 "Vande Bharat gets back on track after myriad controversies, vigilance probe")
Strong US-India relationship to strengthen global order: FM Sitharaman
Observing that the recent Indo Pacific Economic Framework (IPEF) is a fantastic thought which has come from the US, she said India is looking at it and will take a considered view
 "Strong US-India relationship to strengthen global order: FM Sitharaman")
Over 825,000 jobs created under flagship scheme PMEGP in FY22: Govt
The government on Tuesday said 1.03 lakh new manufacturing and service units were set up under its flagship scheme PMEGP along with creation of over 8.25 lakh jobs in the last financial year.
 "Over 825,000 jobs created under flagship scheme PMEGP in FY22: Govt")
India headed for robust economic growth, says FM Sitharaman in US
Sitharaman is here to attend the annual spring meeting of the International Monetary Fund and the World Bank
 "India headed for robust economic growth, says FM Sitharaman in US")
Coal shortages at thermal plants indicate looming power crisis: AIPEF
Thermal plants across the country are grappling with coal shortages, indicating a looming power crisis in the country, said All India Power Engineers Federation (AIPEF).
 "Coal shortages at thermal plants indicate looming power crisis: AIPEF")
OPEC share of India's oil imports steadies after six-year slump
OPEC's share of India's oil imports for the 2021/22 financial year remained almost flat year on year, arresting sharp declines over the the past six years
 "OPEC share of India's oil imports steadies after six-year slump")
Hiring activity up 6% in March on improving economic scene: Monster report
However, there was a marginal dip of 2.4% in hiring activity as compared to February, owing to the appraisal season, according to the Monster Employment Index
 "Hiring activity up 6% in March on improving economic scene: Monster report")