Page 1084 - Economy & Policy News

PM-led CCS approves procurement of 15 light combat helicopters

The ministry said it would be a potent platform to meet the operational requirements of the Indian Air Force and the Indian Army

FY23 wheat stock may be robust despite exports, free grain scheme extension

However, traders say if free foodgrains scheme goes beyond September and there is another Covid wave that requires more relief, then the closing stock position could turn precarious

How govt can use battery swapping tech to give fillip to EV industry

'Battery as a Service' business model, based on battery swapping technology, is the new talk of the EV Motown

Cabinet clears Rs 6,062-crore World Bank-assisted programme for MSMEs

RAMP programme with impacts across the country will directly or indirectly benefit all 6.3 crore enterprises under the MSME category

West Coast refinery could get a new home as demand for such plants revives

Renewed interest in adding refinery capacity in India owes to the long-term decline of the business in Europe; and in the short-run, the Ukraine war has been a key driver

3% hike in DA for Central govt staff, pensioners effective Jan 1, 2022

This will benefit about 4.76 mn central government employees and 6.86 mn pensioners

Gold jewellery retailers' revenue may rise 12-15% in FY23: Crisil

This is as per an analysis of 82 of them rated by Crisil Ratings, which accounts for 40 per cent of the sector's revenue

EPF continues to beat inflation even with interest rate at four-decade low

The scheme also offers better returns than other most other investment avenues

3-year extension for 10 mega power projects to submit required documents

This will lead to an increase in liquidity of such projects. It will also boost the country's overall growth and ensure the revival of various stressed power assets

India Ratings revise its FY23 GDP growth forecast downwards to 7-7.2%

Ratings agency India Ratings and Research (Ind-Ra) on Wednesday revised India's FY23 forecast downwards to 7-7.2 per cent.

Too early to predict impact of Ukraine war on economy: Pinaki Chakraborty

The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said

Russia proposes SWIFT alternative to India for Ruble payments

India is keen to continue bilateral trade due to its dependency on Russian weapons and the prospect of buying cheaper oil as global prices surge.

India cuts coal supply, inventories slump as power demand surges

India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities

CM Bommai announces launch of 'Invest Karnataka 2022' Meet in B'luru

The event will be held in Bengaluru from November 2 to November 4.

Australia says 'very close' to finalising free-trade agreement with India

A free trade agreement between India and Australia has been more than 10 years in the making, with negotiations beginning in 2011 before being suspended four years later in 2015

Running on borrowings, Indian Railways must get on the track

India's largest public transporter has to reform its accounting practices to determine the losses it can sustain

Can opening of procurement market to UAE firms lead to a tricky situation?

India has finally inked free-trade agreement with UAE. Delhi has extended 'national treatment' status to UAE firms in bidding for central govt tenders. Why has it raised concerns in several quarters?

Garment units in a tizzy as cotton prices approach Rs 1 lakh a candy

High cotton rates have denied them export opportunity created by drop in Chinese shipments

Long-awaited four labour codes may not come up before June-end

In the case of the labour codes, apart from the states, the Centre too is required to frame rules

Icra lowers FY23 GDP forecast to 7.2% on higher prices, supply disruption

Rating agency cites impact of ongoing Ukraine war, China lockdowns