Page 1086 - Economy & Policy News

Land special purpose vehicle on fast track as board structure finalised

The board of NLMC would have 13 directors, of which seven would be government officials and six would be from the private sector

In a first, India opens up central govt procurement market to UAE

Experts say this may open a Pandora's box with demand for similar commitment

Onion production pegged up 16.81% to 31.12 MT in 2022-23: Agri ministry

Spice production is also expected to fall to 10.81 million tonne from 11.11 million tonne recorded during the same period a year ago

Recovery tracker: Weekly gains in vehicle registration, power generation

Freight growth is higher than before

Oil and trouble: Crude calculations in petrol, diesel prices in India

State-run refiners, which control over four-fifths of India's fuel market, are walking a tightrope again, trying to balance the interests of consumers, govt and their own

Rs 3,343 crore received as FDI in defence sector since 2014: Govt

To a separate question, Minister of State for Defence Ajay Bhatt said the "term 'Matryr' is not used in Indian Armed Forces"

Coal prices may stay elevated throughout FY23, says ICRA

With international coal prices increasing further now, this trend in likely to continue in FY23 as well, putting pressure on domestic miners to ramp up production

RBI to maintain status quo at April meet: Axis Bank Chief Economist

On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22

Buzz on virtual assets: Crypto industry sees exits ahead of new tax regime

With new rules coming into force in April, several investors are booking profits, rejigging portfolios or moving their virtual assets outside of India

Airlines and 5-star hotels count gains as Indians holiday lavishly

Indians are holidaying lavishly now, spending more on five-star hotels and booking business-class seats as the country emerges from the coronavirus pandemic that restricted travel for two years

How rupee-ruble trade mechanism is shaping up

India is exploring a rupee-rouble trade mechanism with Russia to circumvent the sanctions on Moscow by the US and its allies. What are the options and how feasible will they be in the long run?

Air traffic likely to soar as regular foreign flights take wing after 2 yrs

Development marks end of air bubbles which came into being in mid-2020. Over 115,000 passengers flew in and out of India on 667 flights under this mechanism on Saturday

India and Russia may keep ruble out of the proposed rupee-ruble trade

Payments are likely to be settled in rupee pegged to dollar

Strategy needed for 300 mt steel output target by 2030: Minister

The production was 120 mt in 2021-22. There is also a need for suitable policy support to increase the production of iron ore production and other raw materials.

'Time-tested' India-Maldives relationship is a 'force for stability': EAM

The Maldives is one of India's key maritime neighbours in the Indian Ocean region and the bilateral defence and security ties have been on an upward trajectory in the last few years

Let's make local 'global', augment prestige of Indian products: PM Modi

The prime minister also lauded the rise in the market for Ayush products and start-ups related to it

Safe for now, macro economy may take a hit if Russian-Ukraine war stretches

A feeble impact is already being felt, and if the conflict stretches way beyond March, it could have implications on growth, inflation, fiscal deficit and current account deficit

Aramco unit attack in Saudi Arabia's Jeddah may raise crude, LPG prices

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre

Engineering, telecom, healthcare to add 12 mn jobs by FY26: Report

The report further pointed out that telecom, engineering and healthcare comprise nearly $1.5 trillion in market size by conservative estimates

Centre likely to distribute more rice than wheat to manage stock

The official statement released on Saturday said the government plans to allocate 24.4 million tonnes (mt) of wheat and rice for PMGKAY for the next six months starting April 1.