Page 1065 - Economy & Policy News
Govt okays 61 firms for textiles PLI scheme, aims Rs 19,077 cr investment
Seven foreign companies have committed total investment of Rs 3,559 crore for the plan
 "Govt okays 61 firms for textiles PLI scheme, aims Rs 19,077 cr investment")
CBDC likely to pose risks for financial stability, says World Bank
CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers
 "CBDC likely to pose risks for financial stability, says World Bank")
Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda
A key global issue, cryptocurrency regulations, will not feature in the agenda and are unlikely to be discussed on the sidelines as well, Business Standard has learnt
 "Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda")
BharatNet plan to set up rural fibre networks slowed down in pandemic
Completion rate is less than a third, and at current pace it would take another two years to cover all gram panchayats in the country.
 "BharatNet plan to set up rural fibre networks slowed down in pandemic")
CNG price hiked by Rs 2.5 per kg, piped cooking gas by Rs 4.25
In all, the CNG price has risen by Rs 15.6 per kg in less than six weeks. This includes a Rs 7.50 per kg hike in this month alone
 "CNG price hiked by Rs 2.5 per kg, piped cooking gas by Rs 4.25")
High fuel prices to hit near-term demand, recovery seen in H2: Report
For overall 2022, India's oil demand is expected to grow by 225,000 barrel per day, with growth expected to ease to 185,000 barrels per day in 2023
 "High fuel prices to hit near-term demand, recovery seen in H2: Report")
SBI to hire consultant to explore biz potential in EV charging space
SBI said the eligible bidder must be an Indian company/ LLP /partnership firm registered under applicable Act in India
 "SBI to hire consultant to explore biz potential in EV charging space")
Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles
Textile Secretary U P Singh said that a total of 67 proposals were received under the PLI scheme for the textiles sector
 "Govt approves 61 proposals of over Rs 19k cr under PLI scheme for textiles")
Road ministry completes 141,190 km of national highways as of March 31
Ministry-wise progress of such projects was discussed during a review meeting on PM GatiShakti on April 13. It was chaired by Commerce and Industry Minister Piyush Goyal.
 "Road ministry completes 141,190 km of national highways as of March 31")
How India stands to gain amid calls for EU to ban Russian oil imports
If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.
 "How India stands to gain amid calls for EU to ban Russian oil imports")
Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit
Business Standard brings you the top headlines this morning
 "Top headlines: Four rate hikes likely in FY23, 'Tata Neu' an instant hit")
Piyush Goyal urges exporters to adopt uncompromising stance on quality
Goyal said that the export community had made India proud with stellar achievements in exports.
 "Piyush Goyal urges exporters to adopt uncompromising stance on quality")
India's March palm oil imports jump as Ukraine sunoil supplies halt
In March, 539,793 tonnes of palm oil landed in India, up from 454,794 tonnes in February, the Solvent Extractors' Association of India (SEA) said in a statement
 "India's March palm oil imports jump as Ukraine sunoil supplies halt")
Can consumers expect relief from further fuel price hike?
March inflation has surged to 6.95% in India. The government, however, is keen to share some burden if oil prices remain above $ 110 per barrel mark. But is there a relief in the offing?
Can consumers expect relief from further fuel price hike?
March inflation has surged to 6.95% in India. The government, however, is keen to share some burden if oil prices remain above $ 110 per barrel mark. But is there a relief in the offing?
 "Can consumers expect relief from further fuel price hike?")
Fuel price rise could not have stoked March inflation, say experts
Price rise in fuels will only reflect in April numbers
 "Fuel price rise could not have stoked March inflation, say experts")
Will India's green hydrogen projects fuel its future needs?
Govt had launched a green hydrogen policy in February this year. Companies like Reliance, Larsen & Tourbo and Adani have announced projects worth Rs 6 trillion. So how is this sector shaping up?
 "Will India's green hydrogen projects fuel its future needs?")
Experts see four rate hikes in FY23, beginning June: BS Poll of economists
Nearly 7% retail inflation in March may spur policy tightening
 "Experts see four rate hikes in FY23, beginning June: BS Poll of economists")
India growth forecast cut to 8% for FY23, says World Bank
Sluggish recovery in consumption demand, uncertainties of Ukrainian war cited
 "India growth forecast cut to 8% for FY23, says World Bank")
Next round of talks on EU trade agreement in June, says Piyush Goyal
India and the EU agreed to resume negotiations for a balanced and comprehensive free trade and investment agreements in May last year
 "Next round of talks on EU trade agreement in June, says Piyush Goyal")