Page 1113 - Economy & Policy News

Budget assumptions prudent, will help macro-fundamentals to hold-up: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said prudent budget assumptions for FY23 will ensure that the macro-fundamentals will be able to hold-up in the near-term.

Factory output grew by just 1.3% in January despite favourable base

Omicron-led lockdowns across the country reduced demand for goods and services

FM Sitharaman discusses impact of rising commodity prices with IMF chief

Finance Minister Nirmala Sitharaman held a virtual meeting with IMF MD Kristalina Georgieva and discussed various issues, including the impact of rising commodity prices on world economy.

Maharashtra Budget 2022-23: State to be the first to have $1-trn economy

Presenting the budget in the state assembly, Pawar said Maharashtra has become the first state in the country to formulate an agricultural export policy

JNPT to invest Rs 4,300 crore under the PM Gati Shakti project

The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ.

India's merchandise exports likely to be at $111.3 bn in Q4 FY22: Exim

The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.

Govt earmarks Rs 500 cr for scheme to support pharma clusters, MSMEs

The government has earmarked Rs 500 crore for a scheme to provide support to the existing pharma clusters and MSMEs across the country to improve their productivity and sustainability

FM Sitharaman invites Canadian pension funds to invest in infra projects

Finance Minister Nirmala Sitharaman on Friday invited Canadian pension funds to invest in the National Monetization Pipeline and National Infrastructure Pipeline.

Andhra Pradesh economy "fully recovered" from Covid-19, says survey

Andhra Pradesh's economy has "recovered fully" from the adverse impact of Covid-19, leading to a 18.47 per cent increase in the Gross State Domestic Product (GSDP), the Socio-Economic Survey said.

Ukraine war threatens another global recession, deglobalisation: Patra

While immediate implications are likely lower growth, higher inflation and disruptions to financial markets, the longer-term implications are disruptions to global supply chains, he said

Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief

The appointment of IRDAI chairman comes nearly 9 months after the vacancy was created following Subhash Chandra Khuntia completing his term in May last year

Maharashtra Budget: 'Medicity' offering all treatments to come up near Pune

A sprawling 'Medicity' offering all kinds of treatments at one place will come up near Pune, Maharashtra Finance Minister Ajit Pawar announced while presenting the state Budget on Friday.

India's growth recovery may get hurt by geopolitical crisis: RBI deputy

'In a sense, India's growth story remains as weak as it was at the time of the 2013 taper tantrum,' he said

Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief

Here are the top headlines on Friday

Kerala govt sets aside Rs 10 crore to support Ukraine-repatriated students

The Kerala Government said it would provide necessary assistance to the state students repatriated from war-torn Ukraine to recover their lost certificates and valuables and continue their studies.

Tamil Nadu Govt employees expect restoration of old pension scheme

The announcements made by the Rajasthan and Chhattisgarh governments for restoring old pension schemes in their respective states have kindled the hopes of the government employees in Tamil Nadu.

Kerala annual budget: New IT park proposed in Kannur, 4 IT corridors

Kerala Finance Minister K N Balagopal on Friday proposed to set up a new IT park, four IT corridors and 20 satellite IT hubs in the southern state while presenting the Budget for 2022-23.

Challenges ahead for new govts in UP, Punjab, Uttarakhand, Goa and Manipur

The new governments in Goa, Manipur, and Uttarakhand will have to create jobs for their people to bring down the unemployment rate to the national average.

What is corporate social responsibility?

Govt had in February this year asked India Inc to furnish a report on their corporate social responsibility (CSR) activities. From being a voluntary exercise, it has been made mandatory by the govt

Elections 2022: Economic challenges for new governments in UP and Punjab

Voters in five states threw a surprise by giving a clear verdict in assembly elections 2022. Both UP and Punjab -- the largest states of the lot -- have their own set of economic challenges to be deal