Page 1116 - Economy & Policy News
India, Canada to hold talks on proposed free trade pact on Thursday
The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal.
 "India, Canada to hold talks on proposed free trade pact on Thursday")
Union Cabinet approves creation of a new company for land monetisation
The special purpose vehicle (SPV), called the National Land Monetisation Corporation (NLMC), will be set up as a wholly state-owned company with an initial authorised share capital of Rs 5,000 crore
 "Union Cabinet approves creation of a new company for land monetisation")
Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings
S&P believes that heightened market risk could also pull capital out of Asia's emerging markets, hitting currencies, and raising funding costs.
 "Economic growth at 7.8%, oil price rise a dampener: S&P Global Ratings")
India needs to recalibrate response to price pressure: Raghuram Rajan
Asked whether he is worried about the India growth story, he said India benefited from the low crude prices from 2014 onwards and now it is payback time
 "India needs to recalibrate response to price pressure: Raghuram Rajan")
Challenge for EPFO as gap between govt yields and scheme's returns widen
EPFO invests mostly in central and state govt securities. Its earnings from these instruments are largely used to pay interest to its subscribers
 "Challenge for EPFO as gap between govt yields and scheme's returns widen")
Goyal urges investors to focus on entrepreneurs in small cities, towns
Commerce and Industry Minister Piyush Goyal on Wednesday urged investors to focus on entrepreneurs in small cities, foster innovation and facilitate mobilisation of domestic capital.
 "Goyal urges investors to focus on entrepreneurs in small cities, towns")
India's February fuel demand rises, but soaring crude may slow uptick
While India has been on a recovery path until now, high oil prices at present could lead to some demand destruction, says an analyst
 "India's February fuel demand rises, but soaring crude may slow uptick")
GST compensation cess period already extended till March 2026: FM
The Union Minister was responding to a query on Karnataka Chief Minister Basavaraj Bommai's statement requesting the Centre to extend the GST compensation period, which ends in June.
 "GST compensation cess period already extended till March 2026: FM")
PM Modi leads brain-storming at 11 budget-related webinars
The webinars saw an estimated participation of around 40,000 stakeholders
 "PM Modi leads brain-storming at 11 budget-related webinars")
Mandaviya urges industry to boost local production of medical devices
Union minister Mansukh Mandaviya has exhorted the industry to take concrete efforts towards increasing local production of medical devices while stressing that the sector has huge potential for growth
 "Mandaviya urges industry to boost local production of medical devices")
Food inflation on Ukraine crisis could force RBI's hand on rates: Economist
The RBI would like to keep interest rates unchanged for a while longer and not put any roadblocks in front of the Indian economy, says Moody's Analytics' Steve Cochrane
 "Food inflation on Ukraine crisis could force RBI's hand on rates: Economist")
India adds record 1,700 megawatt rooftop solar capacity in 2021: Mercom
India installed a record 1,700 megawatt (MW) of rooftop solar capacity in 2021, registering a 136 per cent year-on-year rise, according to a Mercom India Research report.
 "India adds record 1,700 megawatt rooftop solar capacity in 2021: Mercom")
We should cross $40 billion export-mark this year: Textiles Secretary
India's textiles exports are expected to cross $40 billion during the current fiscal, Textiles Secretary UB Singh said on Wednesday.
 "We should cross $40 billion export-mark this year: Textiles Secretary")
Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC
The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.
 "Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC")
Govt works out math of keeping Russia supplies open as oil prices spike
Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi
 "Govt works out math of keeping Russia supplies open as oil prices spike")
Cash dominates India playbooks as markets recoil from oil price shock
Surging oil prices have battered market sentiment toward major energy importer India, pushing down the rupee to a record low and dragging stocks and bonds
 "Cash dominates India playbooks as markets recoil from oil price shock")
India's economic challenges amid soaring crude oil price
Russia has threatened to shut its gas pipeline to Germany and warned of crude price at $300 a barrel. Back home, the signs of economic distress are imminent. What are the challenges ahead of India?
 "India's economic challenges amid soaring crude oil price")
Ukraine crisis: Oil prices surge as US and Britain cut off Russian crude
Britain said it will phase out the import of Russian oil and oil products by 2022
 "Ukraine crisis: Oil prices surge as US and Britain cut off Russian crude")
Soaring crude oil prices continue to dampen investor sentiment
Analysts said oil prices would overshadow the election results of five states, due on Thursday
 "Soaring crude oil prices continue to dampen investor sentiment")
Aiming for large chip, electronics investments into India: Union Minister
Rajeev Chandrasekhar, MoS for Entrepreneurship, Skill Development, Electronics & Technology said next challenge is to ensure digital and tech opportunity reaches other parts of country
 "Aiming for large chip, electronics investments into India: Union Minister")