Page 1096 - Economy & Policy News

India, the poorest of super-emitters, needs a different path to net-zero

Without a wave of financial support from abroad, India will likely rely on homegrown tools that have lowered energy consumption and the cost of living for millions of its people

I-T Dept reforms, stronger economy led to record tax collections: CBDT

Reforms undertaken within the Income Tax department and the "strengthening" of the economy are among the major factors that led to the highest-ever direct tax collections, CBDT Chairman said.

ONDC to help small retailers with modern ways of delivery: Goyal

The Open Network for Digital Commerce (ONDC) will ensure that small retailers get an equal opportunity to engage with big firms, Commerce and Industry Minister Piyush Goyal said on Saturday.

Elevated commodity prices expected to keep pressure on the rupee

The Indian rupee is expected to remain under pressure exerted by high commodity prices.

Downers in aviation drug test protocols: Pilots oppose new narco rules

Surprisingly, the DGCA has mandated that only 10 per cent of an airline's staff need to be checked for psychoactive substance use in a year

India accounts for 1% of world's nuclear warheads, shows SIPRI data

Russia, US hold 90% of total nukes. At 156, India has fewer than Pakistan's 165

Boeing's Eagle-II fighter may join race for Indian Air Force contract

Move may result in the US aircraft manufacturer pulling out Super Hornet from MRCA contest; tender value could be $15-20 billion

Legal backing a must to make urban employment schemes effective: Activists

Other features of an ideal scheme include adequate funding to boost Urban Local Bodies, minimum wages for workers, and exclusion of contractors from projects, among other things

Delayed projects decline, but cost overruns rising, shows data

As prices are rising, so are expectations that the government may have to budget more for its infrastructure pipeline.

India scurries on green bond plans to secure energy needs ahead of Europe

Both regions seek to attract big money to build renewable capacity and prune reliance on Russian gas following the outbreak of the Ukraine war

Delhi airport, Bengaluru metro and Kandla port picked for 5G pilots

Study will help Trai prepare policy on deploying small cells

Tamil Nadu Budget aims to cut revenue deficit by Rs 7,000 crore

Rs 2,531 crore for waiver of agricultural loans, Rs 1,000 crore for waiver of jewel loans and Rs 600 crore for waiving self-help group loans has been allotted

Legitimate energy deals should not be politicised, say govt sources

The assertion came amid some criticism against India over its position that it is open to buying discounted crude oil from Russia.

India's oil imports surge as refiners boost runs to meet demand

Indian refiners typically buy oil two months ahead of processing. Refiners are raising runs to cash in on high margins to offset some of the losses incurred for selling fuels in the local markets.

Rupee slide impacted export-import, inflation differently across periods

There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices

Russia-Ukraine conflict will boost inflationary trends: Nitin Sharma, FIL

Every $10 increase in crude prices lowers India's GDP growth by around 20 basis points and increases domestic inflation by 30 basis points

Affordable segment's share in housing sales falls to 43% in 2021: Report

The contribution of affordable housing, priced up to Rs 45 lakh, in total housing sales during 2021 declined to 43 per cent from 48 per cent in the previous year

Media and entertainment projected to be $100-billion industry by 2030

The Indian media and entertainment industry is one of the fastest growing media industries in the world and is projected to reach USD 100 billion by 2030, Apurva Chandra, Secretary, Ministry of Information and Broadcasting (MIB), said on Friday.

TN budget futuristic, aimed at propelling economic growth, says CII

Confederation of Indian Industry Tamil Nadu on Friday termed the budget presented by Finance Minister Palanivel Thiaga Rajan as futuristic, inclusive and growth-oriented propelling economic growth

Russian oil exports to India quadrupled in March as Europe shuns cargoes

Russia has exported 360,000 barrels a day of oil to India in March so far, nearly four times the 2021 average.