Page 1091 - Economy & Policy News
'400 mn air traffic by FY24, Rs 1-trn investment lined up in airports'
He also defended the government's move to lease out airports to private entities saying the profitability of the Airports Authority of India (AAI) will increase due to this
 "'400 mn air traffic by FY24, Rs 1-trn investment lined up in airports'")
28,091 patents granted till March 15 this financial year: Govt tells Parl
India's import of edible oils stood at 1,35,40,020.94 tonnes in 2020-21
 "28,091 patents granted till March 15 this financial year: Govt tells Parl")
India imports 651.24 tonnes of gold in financial year 2020-21, says govt
The import of toys, games, sports equipment from China is showing a declining trend
 "India imports 651.24 tonnes of gold in financial year 2020-21, says govt")
Many Indians tighten belts as Ukraine war drives up prices of necessities
Higher prices from European conflict put economic recovery at risk; companies up prices to pass on higher costs of fuel, materials
 "Many Indians tighten belts as Ukraine war drives up prices of necessities")
Despite huge outlay, Rs 15,000 cr MGNREGA dues may spill over to FY23
Expenditure on the MGNREGA scheme in FY22 is pegged at 1,13,311.23 cr, so even if the Centre uses all if the Rs 98,000 cr allocated to the scheme, a huge sum will remain uncleared.
 "Despite huge outlay, Rs 15,000 cr MGNREGA dues may spill over to FY23")
Petrol, diesel prices hiked by 80 paise a litre for second day in a row
Petrol and diesel prices on Wednesday were hiked by 80 paise a litre each for the second day in a row since the ending of an over four-and-half month hiatus in rate revision.
 "Petrol, diesel prices hiked by 80 paise a litre for second day in a row")
India's economic recovery holds steady as Ukraine war clouds outlook
India's services and manufacturing activity held steady in February, even as the war in Ukraine clouds the outlook for prices and growth in the consumption-driven economy
 "India's economic recovery holds steady as Ukraine war clouds outlook")
Centre spent Rs 5,674 cr for computerisation of panchayats in Bihar
The Centre has spent more than Rs 5,674.70 crore for the computerisation of panchayats in Bihar.
 "Centre spent Rs 5,674 cr for computerisation of panchayats in Bihar")
FY22 Healthcare hires saw 100-220% growth in specialised roles: TeamLease
Overall employment in sector grew from 6.8 mn in FY21 to 7.5 mn in FY22; about 9.5 mn people likely to be employed by FY26
 "FY22 Healthcare hires saw 100-220% growth in specialised roles: TeamLease")
Petrol and diesel prices hiked for first time in over four months
Up 80 paise a litre; domestic gas cylinder now dearer by Rs 50
 "Petrol and diesel prices hiked for first time in over four months")
EVs to cost same as petrol-run vehicles in two years: Nitin Gadkari
EV sales in India rose 162 per cent in the last year, said MoRTH last week, citing the latest available data.
 "EVs to cost same as petrol-run vehicles in two years: Nitin Gadkari")
Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices
The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation
 "Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices")
Fitch cuts FY23 growth forecast to 8.5%, cites soaring energy prices
The rating agency said post-pandemic recovery is being hit by a potentially huge global supply shock that will reduce growth and push up inflation
Raw jute MSP hiked by Rs 250 to Rs 4,750 a quintal for 2022-23 season
Jute Corporation of India will continue as central government nodal agency to undertake price support operations and the losses incurred, if any, in such operations, will be fully reimbursed by Centre
 "Raw jute MSP hiked by Rs 250 to Rs 4,750 a quintal for 2022-23 season")
India likely to offer lower import tariffs on premium Australian wine
This will be part of an early harvest agreement; officials hope to finalise the interim trade pact by end of this month
 "India likely to offer lower import tariffs on premium Australian wine")
New Investment Policy-2012 for three fertiliser plants extended
The cost of the three HURL urea projects is Rs 25,120 crore. GAIL is supplying natural gas to these three units.
 "New Investment Policy-2012 for three fertiliser plants extended")
India's CUET likely to be largest university entrance exam in the world
In 2019-20, as per UDISE data, 12.7 million students were enrolled in Class XII across the country
 "India's CUET likely to be largest university entrance exam in the world")
Par panel cautions govt against early euphoria over NPA reduction
Cautioning the govt against any early euphoria with regards to reduction in NPA in banking sector, a Parliamentary panel on Tuesday said that bad loans may go up due to some lag Covid pandemic impact
 "Par panel cautions govt against early euphoria over NPA reduction")
In a bid to boost relations, Australia to invest over $280 million in India
The Australian govt will provide additional investment worth $16.6 mn to strengthen linkages with India's key policy and finance institutions and $8.9 mn to support enhanced business engagement
 "In a bid to boost relations, Australia to invest over $280 million in India")
GST on insurance premiums should be reduced to 5% or nil: SBI Research
Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration
 "GST on insurance premiums should be reduced to 5% or nil: SBI Research")