Page 1083 - Economy & Policy News

Steel, fuel rates to hit domestic steel demand in coming qtrs: SteelMint

The domestic steel demand is expected to take a hit in the coming quarters due to "very high steel prices" and continuously rising fuel prices, according to industry consultancy SteelMint India.

Ukraine war: Stock limit on edible oils, oilseeds extended up to Dec 31

In view of the ongoing Ukraine-Russia war resulting in supply restrictions, the Centre has extended the stock limits imposed on edible oils and oilseeds until December 31

RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds

The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months

Import allowed under open general licence to check edible oil prices

Union Minister of State for Consumer Affairs, Food and Public Distribution said India imported 62.84 lakh metric tonnes (LMT) of palm oil from June 2021 to 14th March 2022.

India has safeguards in place to mitigate risks from capital flows: IMF

India, which has received a record number of FDI during the last few years despite Covid, has quite a few safeguards in place to mitigate the risks from capital flows, the IMF said

Lethargic progress seen in Centre's clean energy ambition, shows data

None of the parties discussed environmental issues in any detail in their manifestos in the five states that went to polls this year

Budget Session: Accountancy Bill approval, vehicle safety norms, and more

Nearly 70 million senior citizens travelled by trains without availing concessions over the last 2 years since the Railways suspended the rail concession facility in March 2020, Ashwini Vaishnaw said

Govt extends ECLGS by one year, expands scope for contact-intensive sectors

Eligible borrowers in hospitality and related sectors, except civil aviation, can avail up to 50% of their highest fund based credit outstanding

Central govt exempts genome-edited crops from stringent GM regulations

Genome editing was discovered back in 2012, but Indian regulators took a decade to realise its potential for developing nutritionally superior crops resistant to biotic and abiotic stresses

EAM Jaishankar holds talks with visiting Mexican counterpart Casaubon

Casaubon is on a three-day visit to India

India, UK committed to delivering balanced FTA by year-end: FS Shringla

"We are also building a strong financial partnership with closer cooperation in fintech, market regulation, and sustainable and green finance," he said

Cabinet hikes dearness allowance for central govt employees by 3%

The move will benefit about 4.8 million central government employees and 6.9 million pensioners and will be effective from January 1, 2022.

MSME sector crucial for India's economic progress: PM Narendra Modi

The Union Cabinet approved a World Bank-assisted Rs 6,062 crore funding programme for the small and medium businesses to help improve their access to market and credit

India Ratings slashes India's FY23 GDP forecast to 7%-7.2% from 7.6%

Ind-Ra's India GDP forecast cut comes a day after ICRA Ltd cut its FY23 growth forecast to 7.2 percent from 8 percent

Lavrov to visit India; crude, rupee-ruble payment and arms deals on agenda

Since the start of the war, India has been facing pressure from the West and its allies to take a stronger stand against Russia

India cuts coal supply, puts hold on auctions as inventories slump

Coal India told Reuters that its supplies to the non-power sector were in line with its average over the "past few years", without elaborating

Govt to undertake a two-stage review to determine PLI scheme progress

This will be followed by utilisation of unused funds and the possibility of reallocation to the government department and ministries, which need more amounts, will be assessed

India to lead security pillar of BIMSTEC; PM pitches for regional security

Besides India, the BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) comprises Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal and Bhutan

Govt extends ECLGS for MSMEs till Mar 2023; boost for hospitality, aviation

The enhanced limit is subject to a maximum of Rs 200 crore per borrower

Amid record high prices, are industrial metals the new oil in India?

Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world