Page 1076 - Economy & Policy News

Rajnath releases 3rd list of defence equipment in Make-in-India push

The defence minister said India's self-reliance in the defence sector does not mean working in isolation from the rest of the world

Indian economy in good shape on high GDP growth, says Bimal Jalan

Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's economic performance

Puma, Nike footwear maker Hong Fu to invest Rs 1,000 cr in Tamil Nadu

20,000 jobs to be created, boost for footwear industry in state; Hong Fu has been manufacturing and selling sportswear since 2003

India-Israel free trade agreement talks to gather pace next month

Discussions and negotiations for an FTA with Israel have been going on for over a decade

Electricity to cost more in Maharashtra on coal and gas price hike

State allows all companies to raise power tariffs all across; Maharashtra now joins growing list of States to have allowed higher electricity tariff

GatiShakti, PLI scheme to offset global headwind, boost growth: FinMin

'Geopolitical conflicts and their consequent impact on food, fertiliser and crude oil pri­ces cast a cloud on the growth outlook globally'

Can easing regulatory norms for gene-edited crops compromise bio-safety?

Experts working in the area clarified that the order does not completely exempt genome edited final products from regulatory oversight but instead does away with a need to get additional clearances

Economic ties established with Russia, focusing on stabilising it: MEA

India on Thursday asserted that it has established economic relations with Russia and political colouring should not be attributed to the engagement

India-Aus trade pact to provide huge opportunities for students: Goyal

Commerce and Industry Minister Piyush Goyal on Thursday said trade pact between India and Australia would help expand the economies of both countries, thus providing huge opportunities for students

Polishing industry faces production cut amid delay in rough diamond imports

The industry is facing a hit of at least 30-40 per cent to its production capacity, due to delayed diamond imports.

Fruit-based fizzy drinks to draw 40% rate under GST after Gujarat ruling

The authority did not agree with a petitioner's that fruit-based drinks should attract 12 per cent GST.

India's richest state reviewing bids in largest coal import tender in years

A utility owned by India's richest state Maharashtra is reviewing the "cost reasonability and financial viability" of the bids received for a two million tonne coal import tender

Words and warning: What US has told India about economic ties with Russia

India-Russia Economic Relations: Joe Biden and his advisors have cautioned New Delhi against circumventing sanctions on Russia for its invasion of Ukraine.

Countries approach India for supply of wheat, sugar during Ukraine conflict

India said on Wednesday that its approach to the Ukraine crisis remains to promote dialogue to end the conflict and mitigate economic distress for itself and for the world

During Covid, free food helped rein in poverty in India: IMF paper

India has "eliminated low-income poverty (which is based the purchasing power parity or PPP of $1.9 per person a day)", the lead author of the paper said

Chennai declared world's cheapest FDI location for electronics R&D

Chennai emerged as the cheapest location in top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 mn for a 50-person R&D centre

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

RBI likely to revise inflation outlook as it extends rate pause: Economists

Expectations are for the RBI to revive open-market operations or resort to Operation Twists, wherein it buys longer bonds and sells shorter-dated notes, to support the market amid record debt supply

Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar

The seasonally-adjusted S&P Global India services purchasing managers' index (PMI) - released on Wednesday - showed PMI for services for March rose to 53.6 from 51.8 in the preceding month