Page 1114 - Economy & Policy News

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

New solar PLI scheme to cap bidding capacity at 10 Gw for past winners

The minimum Local Value Addition (LVA) or use of local content for participating manufacturers kept at 90%

Insurance companies step up stock purchases amid market swings

LIC may have also ramped up share purchases to cushion the market against steep falls ahead of its initial public offering, said market watchers

Aviation Ministry invites applications from drone industry for PLI scheme

The Civil Aviation Ministry on Thursday invited applications from the drone industry for the production-linked incentive (PLI) scheme that was announced last year.

Govt to extend loan scheme for building healthcare, medical infrastructure

Finance Secretary TV Somanathan said the scheme will be extended by another three months to June 2022.

Russia-Ukraine crisis: A lack of gas storage infra may come to haunt India

The lack of storage infrastructure will weaken India's energy security and delay the transition to clean fuel

Rs 745 cr collected from coal, other minerals in last 3 years: Minister

Over Rs 754 crore was collected as revenue from coal and other major minerals during the last three years, Meghalaya Commerce and Industry Minister Sniawbhalang Dhar told the state Assembly

BIS asks soy product makers to get quality certification, use ISI mark

The Bureau of Indian Standards on Thursday asked manufacturers of soya products to use 'ISI mark' on their products by taking BIS quality certification.

India's gold imports bounced back to 1,067 tonnes in 2021: GJEPC

India's gold imports bounced back to 1,067.72 tonnes in 2021 from 430.11 tonnes during 2020 when the demand was hit due to the COVID-19 pandemic, Gem Jewellery Export Promotion Council (GJEPC) said

Rlys accept all demands of students protesting against exam irregularities

In a good news for the railway job aspirants who had protested against irregularities in the Railway Recruitment Board Level-1 and NTPC examinations

Sidbi keen on coming out with venture debt scheme, says CMD S Ramann

"Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association.

Sustainability is now counted as major pillar of export business: AEPC

India has recently launched Project SURE - Sustainable Resolution - a firm commitment from the industry to move towards fashion that contributes to a clean environment

Commodity surge could pressure RBI to normalise more quickly: S&P

S&P expects duty cuts on petrol and diesel if global crude oil prices stay high

Income tax refunds of over Rs 1.83 trn issued so far this fiscal: CBDT

Refunds worth over Rs 1.86 trillion have been issued to more than 2.14 crore taxpayers during the current financial year, the Income Tax department said on Thursday.

India's GDP growth expected at 7.8% in fiscal 2023, says Crisil

India's gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil.

MS flags stagflation risk for India, cuts FY23 GDP growth forecast

'We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy,' they said