Page 1066 - Economy & Policy News
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")
FinMin waives customs duty on cotton imports till September 30
Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC)
 "FinMin waives customs duty on cotton imports till September 30")
India, US mull using Indian shipyards for maintenance of American vessels
In a small but significant move, India and the US have decided to explore the possibilities of Indian shipyards not only maintaining but also repairing American navy ships.
 "India, US mull using Indian shipyards for maintenance of American vessels")
RBI signals discomfort with sharp yield uptick; issues new seven-year paper
The RBI statement showed for a seven-year paper, the notified amount was Rs 7,000 crore and bids received were worth Rs 22,632 crore
 "RBI signals discomfort with sharp yield uptick; issues new seven-year paper")
Lack of planning by Maharashtra reason for coal shortage: Union Minister
"The MVA is raising a hue and cry about shortage of coal. If the state government had prepared a plan in advance, it would not have faced power shortage," Raosaheb Danve said
 "Lack of planning by Maharashtra reason for coal shortage: Union Minister")
Govt in discussion with World Bank on framework for coal mine closure
Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society
 "Govt in discussion with World Bank on framework for coal mine closure")
Centre allows tolling of up to 25% for thermal power plants
Cabinet clears use of land not meant for coal mining
 "Centre allows tolling of up to 25% for thermal power plants")
Domestic hotel industry to return to pre-Covid level this fiscal: Report
According to its report, the hotel industry is expected to clock 60 per cent of pre-COVID revenues in FY22, despite almost four months of impact because of COVID 2.0 and COVID 3.0
 "Domestic hotel industry to return to pre-Covid level this fiscal: Report")
Do strategic interests rule over economic gains in India's new trade pacts?
While the commerce ministry expects the utilisation rate of the current round of trade deals to be higher, the choice of partners shows a close fit with India's geopolitical ambitions
 "Do strategic interests rule over economic gains in India's new trade pacts?")
India's overall exports touch an all-time high of $669.65 bn in FY22
Goyal said that India is now an international aligned economy and the world is our market today, not India
 "India's overall exports touch an all-time high of $669.65 bn in FY22")
Services exports touched all-time high at $250 bn in FY22: Piyush Goyal
However, this is provisional data and the figure may increase once the final data is released, he added
 "Services exports touched all-time high at $250 bn in FY22: Piyush Goyal")
India achieved export target of $418 billion this year: Piyush Goyal
Goyal said the Indian textile Industry has the potential to achieve $100 billion in exports by 2030
 "India achieved export target of $418 billion this year: Piyush Goyal")
Govt working on scheme to promote natural farming: Narendra Singh Tomar
Tomar also urged scientists to provide their research inputs to reap more benefits from traditional methods of farming
 "Govt working on scheme to promote natural farming: Narendra Singh Tomar")
Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal
'This release of food subsidy is about 140% of the food subsidy released during 2020-21 and about 267 per cent of the food subsidy released during 2019-20,' an official statement said
 "Centre releases Rs 2.94 trn to FCI, states as food subsidy last fiscal")