Page 1087 - Economy & Policy News

India's FY23 fiscal deficit likely to hit 6.7% on free grains move

Finance Minister Nirmala Sitharaman has pegged the Centre's capex for FY23 at Rs 7.5 trillion

Statsguru: Six charts that show India's rich remain reluctant givers

Overall CSR allocations appear to have taken a hit during the pandemic even as they became skewed towards certain sectors

Govt seeks to change rules related to vehicles' fitness testing

The government proposed certain amendments in eligibility criteria for setting up an automated testing station to check vehicles' fitness, rules to enable testing outside state of registration

Indian PC market faces new disruption wave due to China lockdowns

As China takes a strong stance on its Zero-Covid policy, implementing lockdowns in major manufacturing hubs, supply disruptions in PC market will occur

Consumers show cautious optimism; hold non-discretionary spends: Report

Indian consumers are showing cautious optimism and balancing non-discretionary spending as they are saving more for the future, according to a report.

From 2023, India to start building nuclear power plants in 'fleet mode'

The first pour of concrete (FPC) signals the beginning of construction of nuclear power reactors from the pre-project stage which includes excavation activities at the project site

FPI outflow shoots past Rs 1 trn in 2022 amid Ukraine, inflation concerns

The exodus of foreign investors was largely owing to inflationary pressures and deepening global macroeconomic conditions following the Russia-Ukraine war, experts said

No shortage of coal in the country, says minister Pralhad Joshi

India's imports of non-cooking coal fell to 125.61 million tons during the April-January period of the current financial year, which is 23.33% lower compared to the corresponding period of last fiscal

Higher domestic coal output helps reduce imports, says govt

Imported coal-based power generation which was 78.07 BU during April to January 2020 has reduced by 55 per cent to 35.13 BU during corresponding months of current FY'22

India, at 8% growth, can double economy in 7-8 yrs: Niti Aayog VC

He said that the target of becoming a USD 5-trillion economy is not rhetoric, adding that the country is already a USD 2.7 trillion economy and it just needs to double it

Centre extends free foodgrain scheme by 6 months at Rs 80,000-cr extra cost

Centre's decision comes hours after UP government, under CM Yogi Adityanath, decided to continue the free ration scheme for another 3 months

GST, VAT to contribute over 62% to total receipts of Delhi govt in FY23

The GST and the VAT will be the biggest contributors to the Delhi government's tax revenue which is estimated at Rs 47,700 crore for 2022-23

India's coal imports fall 23% during Apr-Jan 2022 as local production rises

The domestic coal-based power generation upto January 2022 is 815.72 Billion Units (BU) with an increase of 12.55 per cent over 724.746 BU during the corresponding period of FY20

Centre extends free foodgrain programme for six months until Sept

Govt will spend another Rs 80,000 cr in the next six months, till September, 2022 on Pradhan Mantri Garib Kalyan Anna Yojana

Delhi govt unveils 5-year plan to create 2 mn new employment opportunities

"With all these efforts at least 20 lakh new jobs will be created in Delhi in the next five years"

Delhi govt presents Rs 75,800-cr budget; aims to create 2 mn jobs in 5 yrs

Chief Minister Arvind Kejriwal lauded his deputy for presenting a budget that has "taken care of" every section of the society

Centre has room to isolate consumers from 15% hike in crude prices: MOFSl

According to the brokerage house's estimates, the Centre has the financial capacity to take the hit on its own income statement without breaching the fiscal deficit targets

Domestic coal supply to be made proportional, says Power Ministry

It has issued a circular directing certain actions to be taken on priority to enhance the supply of domestic coal

Delhi govt presents Rs 75,800 cr budget; aims to create 2 mn jobs in 5 yrs

Delhi Deputy Chief Minister Manish Sisodia on Saturday presented a Rs 75,800 crore budget in the Assembly for the financial year 2022-23.

Delhi Budget: Retail, wholesale shopping festivals to boost economy

For this market redevelopment, 'five bazaars' have been identified initially, and Rs 100 crore outlay has been made in the budget for it, Sisodia said