Page 1088 - Economy & Policy News
Lok Sabha passes Finance Bill; completes budgetary exercise for FY23
The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by Finance Minister Nirmala Sitharaman
 "Lok Sabha passes Finance Bill; completes budgetary exercise for FY23")
Rupee advances 9 paise to close at 76.24 against USD on fall in crude oil
At the interbank forex market, the local unit opened at 76.15 against the greenback and witnessed an intra-day high of 76.12 and a low of 76.29
 "Rupee advances 9 paise to close at 76.24 against USD on fall in crude oil")
India-UK conclude round two of FTA negotiations, share text of draft treaty
Technical experts from both sides came together for discussions in 64 separate sessions covering 26 policy areas
 "India-UK conclude round two of FTA negotiations, share text of draft treaty")
Centre releases Rs 6,000 cr to states as GST compensation
Till now, 70% of the total estimated Goods and Services Tax compensation shortfall has been released to the states
 "Centre releases Rs 6,000 cr to states as GST compensation")
Will conduct spectrum auction soon; 5G services in India by year-end: Govt
The government has taken a slew of measures to revive telecom PSUs BSNL and MTNL
 "Will conduct spectrum auction soon; 5G services in India by year-end: Govt")
India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26%
Imports from China declined 7.2 per cent to USD 65.21 billion in 2020-21 from USD 70.31 billion in 2018-19, Parliament was informed on Friday
 "India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26%")
RBI central board discusses impact of geopolitical crises on Indian economy
The 594th meeting of the Central Board of Directors of RBI was held on Friday at Bengaluru under the Chairmanship of Governor Shaktikanta Das
 "RBI central board discusses impact of geopolitical crises on Indian economy")
Indian airline operators expected to add 120 new aircraft per year: Scindia
Exuding confidence about air traffic figures rebounding, the minister said the number of domestic passengers is expected to touch 4.10 lakh per day by next year and will surpass that number by 2024-25
 "Indian airline operators expected to add 120 new aircraft per year: Scindia")
Indian states and their propensity to exaggerate their GSDP numbers
The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat
 "Indian states and their propensity to exaggerate their GSDP numbers")
India, UK conclude second round of talks for proposed free trade agreement
India and the United Kingdom have concluded the second round of talks for the proposed free trade agreement (FTA), which aims at further strengthening the economic ties
 "India, UK conclude second round of talks for proposed free trade agreement")
India could restrict sugar exports to augment local stocks: Report
India is considering restrictions on sugar exports for the first time in six years and may cap exports at around 8 million tonnes in an effort to prevent domestic prices surging
 "India could restrict sugar exports to augment local stocks: Report")
HAL brings 19-seater civil aircraft, plans to deploy under Udaan scheme
In the first major attempt in India to develop small civil transport aircraft, HAL introduced Hindustan 228, a 19-seater aircraft that can be operated even in semi-prepared and unpaved airstrips.
 "HAL brings 19-seater civil aircraft, plans to deploy under Udaan scheme")
US recovery helped India achieve the $400-billion mark for exports
During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8 billion.
 "US recovery helped India achieve the $400-billion mark for exports")
India's job crisis 'biggest challenge, biggest opportunity': Naushad Forbes
India has an unemployment, quality of jobs and quality of income challenge, data show. Unemployment in India stood at 8.1% in February 2022, per Centre for Monitoring Indian Economy (CMIE) data
 "India's job crisis 'biggest challenge, biggest opportunity': Naushad Forbes")
What drove India's exports to record $400 billion?
Export of Indian goods crossed the $400 bn mark for the first time, nine days before the current fiscal drew to a close. Which are sectors that drove this growth? And will it sustain? Let's find out
 "What drove India's exports to record $400 billion?")
Russia-Ukraine war, Covid in China to push up prices of white goods
The last of the five-part series looks at why durables companies are planning to raise prices by up to 15%
 "Russia-Ukraine war, Covid in China to push up prices of white goods")
Reliance New Energy Solar, Ola among firms selected for PLI scheme
The selected companies which include Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors Co will receive incentives under India's Rs 18,100 crore-programme for local production
 "Reliance New Energy Solar, Ola among firms selected for PLI scheme")
Commodity price rise may affect India's economic recovery, says S&P
Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these markets are upended for an extended period.
 "Commodity price rise may affect India's economic recovery, says S&P")
Faltering Sri Lanka holds strategic importance for India, shows data
The share in India's total exports declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months of the current financial year.
 "Faltering Sri Lanka holds strategic importance for India, shows data")
Digital payments spike, but cash circulation still high, shows data
UPI has been the biggest beneficiary of the digital payments drive.
 "Digital payments spike, but cash circulation still high, shows data")