Page 1099 - Economy & Policy News

India-UAE trade pact: Bilateral trade projected to touch $100 bn in 5 years

The bilateral trade in goods is projected to increase from the current $60 billion to $100 billion annually within five years of the implementation of the India-UAE free trade agreement

India approves investments worth $1.79 billion from its neighbours

India said on Wednesday it had approved foreign investment worth $1.79 billion from neighbouring states, in its first statement since tightening controls after tensions with China in 2020.

Raised Rs 8,361 cr from highway monetisation in FY22, Gadkari tells RS

This is about 64% of the targeted revenue of Rs 13,000 cr for the current financial year that comes to a close in two weeks

Largest ceramic manufacturing cluster bears brunt of gas price hike

The industry is facing natural gas supply and price hike issues

PE/VC investments in Feb 2022 up 2.3 times year-on-year: IVCA-EY report

Month-on-month, the spike was 24%; Exits recorded in Feb 2022 were $1.4 billion across 10 deals, including three secondary ones worth $1.2 billion

Assam FM presents deficit Budget, proposes green tax for old vehicles

Assam Finance Minister Ajanta Neog on Wednesday presented a Rs 2,83,494.64 crore tax-free Budget for FY 2022-23, in which he proposed to levy green tax on the use of old vehicles.

Sri Lankan FM calls on PM Modi; appreciates India's economic support

PM Modi conveyed to visiting Sri Lankan Finance Minister Basil Rajapaksa that India would always stand with the island nation as it occupies a central role in New Delhi's 'neighbourhood first policy'.

Decoded: Why the next FATF review is critical for India

The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year

Piyush Goyal asks auto cos to cut import dependence, increase innovation

Commerce and Industry Minister Piyush Goyal expressed disappointment over certain auto companies continuing to import even those components which can be qualitatively manufactured in India.

Govt gets Rs 2,399 cr as dividend tranches from 3 CPSEs

The government has received Rs 2,399 crore as dividend tranches from 3 central public sector enterprises (CPSEs), DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

Over 66.3 million income tax returns for FY'21 filed till March 15

Over 6.63 crore income tax returns (ITRs) have been filed for 2020-21 fiscal as of March 15, an increase of 16.7 lakh over the tax returns filed last year, the I-T department said on Wednesday.

Peak power demand can cross 200 GW in March, says R K Singh

Power Minister R K Singh on Wednesday said electricity demand can beat all previous records and cross the 200 GW mark in March itself in view of soaring temperatures.

Highway construction gains pace, 8,045 km constructed till Feb-end

Current pace works out to 24.08 km a day, compared with the targeted 40 km/day, or 14,600 km for the full year

298,428 vacant posts in Indian railways: Minister Ashwini Vaishnaw

The total number of vacant posts in the Indian Railways is 2,98,428, Union minister Ashwini Vaishnaw said on Wednesday.

660 technologies developed under cyber scheme against target of 6,824: Govt

As many as 660 technologies against the target of 6,824 technologies have been developed under the National Mission on Interdisciplinary Cyber-Physical Systems

MoRTH constructs 8,045 kms of highways during April-February '22

The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year

European Union hikes tariffs on India, Indonesia stainless steel makers

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from unfair subsidies and imposed tariffs

Hydrogen pilot only the beginning, want to become energy exporter: Gadkari

Launching India's first green hydrogen pilot project, the minister said it can be the cheapest fuel, electrolyser policy in the works

Govt will implement Rs 7,500-crore scheme to tackle road accidents: Gadkari

India does not have a very good record on road accident front and registers the world's highest deaths due to it at 1.5 lakh every year, the government informed Rajya Sabha on Wednesday.

Exports of some products from India likely to be affected, says govt

Exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict.