Page 1112 - Economy & Policy News
Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari
Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol
 "Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari")
Indian exporters sitting on large orders after Ukraine conflict: Gadkari
He said exporters are concerned over availability of containers and port-related issues
 "Indian exporters sitting on large orders after Ukraine conflict: Gadkari")
Reprocessing scrap will boost India's steel production: Minister Ram Singh
Singh said India was producing over 118 million tonnes of steel and by 2030 it is planning to produce 300 million tonnes of steel
 "Reprocessing scrap will boost India's steel production: Minister Ram Singh")
Textile min receives applications for PLI in man-made fibres, techtex
The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres and technical textile sectors.
 "Textile min receives applications for PLI in man-made fibres, techtex")
Russia urges India to deepen investments in its oil and gas sector
Russia is keen on expanding the sales networks of Russian companies in Asia's third-largest economy.
 "Russia urges India to deepen investments in its oil and gas sector")
TN plans 20,000 MW solar plants at a cost of Rs 70K crore by 2030
Tamil Nadu Generation and Distribution Corporation (Tangedco) is planning to install solar power plants of 20,000 MW capacity at an cost of Rs 70,000 crore by 2030.
 "TN plans 20,000 MW solar plants at a cost of Rs 70K crore by 2030")
Crude prices risk can be treated as supply shock: RBI deputy governor Patra
Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy
 "Crude prices risk can be treated as supply shock: RBI deputy governor Patra")
Airlines send out SOS as loans dry up, fuel prices hit record high
Companies have sought government intervention to get banks to lend working capital
 "Airlines send out SOS as loans dry up, fuel prices hit record high")
Boost to IT, industries, infra in Kerala during its first paperless budget
The Left government in Kerala on Friday presented a budget which made huge allocations to information technology, industries and infrastructure.
 "Boost to IT, industries, infra in Kerala during its first paperless budget")
Andhra Pradesh govt presents Rs 2.56 trillion budget for 2022-23
The Andhra Pradesh government presented the Budget for 2022-23 with a proposed expenditure of Rs 2.56 lakh crore and a projected revenue deficit of Rs 17,036 crore
 "Andhra Pradesh govt presents Rs 2.56 trillion budget for 2022-23")
West Bengal budget proposes sops for real estate, tea for job creation
2% stamp duty rebate, 10% on circle rate for another six months; no Rural Employment Cess for tea during FY23, small tea gardens spared Agricultural Income Tax
 "West Bengal budget proposes sops for real estate, tea for job creation")
Surge in global energy prices will hurt India, says IMF MD Georgieva
India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said IMF MD Kristalina Georgieva
 "Surge in global energy prices will hurt India, says IMF MD Georgieva")
Maharashtra's falling labour unrest a reflection of national trend
Strikes and lockouts are down 95% in Maharashtra since 1981
 "Maharashtra's falling labour unrest a reflection of national trend")
Digital economy to see exponential growth to $800 bn by 2030: FM
The total number of retail investor accounts has almost doubled, from about 45 million as of March 2016 to 88.2 million by March 31 2021, said Finance Minister Nirmala Sitharaman
 "Digital economy to see exponential growth to $800 bn by 2030: FM")
Govt in talks with sectors impacted by ongoing Russia-Ukraine conflict
An industry official said that as far as manufactured goods are concerned, Indian exporters can have an advantage over the supplies from Russia to European nations
 "Govt in talks with sectors impacted by ongoing Russia-Ukraine conflict")
India and Canada set to relaunch free trade agreement talks
During April 2021-January 2022, Indian exports to Canada increased to $3 billion, up almost by a fourth as compared to a year ago.
 "India and Canada set to relaunch free trade agreement talks")
Centre may allow rupee-ruble trade in phases starting with agri, pharma
This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees
 "Centre may allow rupee-ruble trade in phases starting with agri, pharma")
18 military platforms to be designed, developed by Indian defence industry
The move is part of the ministry's larger goal of boosting the domestic defence industry
 "18 military platforms to be designed, developed by Indian defence industry")
Hospital regulation, insurance penetration key tasks for new Irdai chief
Debasish Panda, former secretary, Department of Financial Services, to the top position of the Insurance Regulatory and Development Authority of India (Irdai) for three years
 "Hospital regulation, insurance penetration key tasks for new Irdai chief")
Exports cross $380 bn this fiscal so far; likely to hit $410 bn: Goyal
The country's merchandise exports have reached over $380 billion so far this fiscal till March 7 and are expected to reach $410 billion in 2021-22, Commerce and Industry Minister Piyush Goyal said
 "Exports cross $380 bn this fiscal so far; likely to hit $410 bn: Goyal")