Page 1089 - Economy & Policy News

Need to develop all-weather deep-water port in India, says Tharoor in LS

He said the development of ports in India is "important" as ships carry 90 per cent of the world's goods around the globe.

'Railways needs Rs 3-trn yearly investment to meet country's aspirations'

"If we won't do it then we will never be able to cross subsidize passenger fare," Ashwini Vaishnaw said

FinMin proposes amendments, seeks to tighten norms for crypto taxation

The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets

Weak local currencies rein in India, Thai export rates

India's 5% broken parboiled variety was quoted at $367 to $370 per tonne, down from last week's $371 to $378, edging lower on a depreciation in the rupee amid steady demand from key buyers

Public procurement from GeM portal crosses Rs 1 trillion-mark this fiscal

Procurement by central public sector enterprises (CPSEs) rose multifold to about Rs 43,000 crore

Sugar mills again allege OMCs differentiating in ethanol purchase tie-ups

The OMCs, on their part, according to earlier reports, said that there is no preference in awarding contracts for supply of ethanol

Stress in 30 plus day dues in micro-loans declines in December quarter

Disbursements take a knock on Omicron concerns

Punjab, AP, WB respondents say farm acts didn't give more selling options

While the 3 farm laws have now been repealed, a Supreme Court panel found that the mandi system has not been very effective

Four firms selected for Rs 18,000 crore PLI scheme for ACC battery

Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said

Govt encourages startups, pvt sector to participate in Gaganyaan programme

The Centre is encouraging the private sector and startups for realisation of India's ambitious human space mission, said Science and Technology Minister Jitendra Singh.

PM hails Government e-Marketplace achieving order value of Rs 1 trn in a yr

PM Modi on Thursday hailed the govt procurement portal GeM achieving an order value of Rs 1 trillion in a single yr and said the platform is especially empowering the MSMEs.

Govt sets Rs 1-trillion infrastructure lending target for DFI

An action plan is being prepared on making the newly set up DFI functional and operationalising the Rs 1-trillion target

BS Awards for Corporate Excellence: Power-packed jury to pick winners today

The jury will select the best in corporate India from a list based on financial data as well as qualitative aspects

400 mn fliers by FY24, airports to get Rs 1-trn investment, says Scindia

The number of air passengers was 145 million in 2018-19. The traffic fell to 83.8 million in 2021 due to the pandemic.

Aluminium plants receive fewest coal rail rakes in six months

The industry got an average of 18.4 coal-laden carriages a day in the first half of March, the lowest since the 17.8 rakes it received in September

Centre may seek crypto log on transactions from banks, exchanges

Sale and purchase of digital assets will reflect in the AIS

Two years after Covid, Indian economy hopping from one crisis to another

While the economy was mending its way up, the second wave beginning March 2021 led to loss of many more lives and further deceleration of growth momentum.

Commerce ministry to extend foreign trade policy for some more months

Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came into force on April 1, 2015.

Second hike in two days: Petrol, diesel prices dearer 85 paise each

Petrol and diesel are costliest in Mumbai at Rs 111.67 and Rs 95.85 a litre, respectively.

Challenges due to Russia-Ukraine war may lead to trade disruptions: Goyal

About the new SEZ law, he said that the ministry will start consultations with stake holders from the next month