Page 1122 - Economy & Policy News

Delhi govt extends liquor licenses under new policy for two months

In two separate orders, the department stated that the licensees under different categories can pay a pro rata fee for the extended period

HDFC Capital bets on low-cost housing, emerges the largest investor

Emerges the largest investor among home-grown funds

Karnataka CM Bommai asks Centre to extend GST compensation period

After presenting the Rs 2,65,720-crore budget of the State for 2022-23, he told reporters that it was revenue surplus but due to Covid-19 it has become revenue-deficit

Health inflation above 6% the past year after muted first wave price rise

The metric, in fact, rose to as much as 8.44% last May, when second Covid wave was on; analysts cite huge demand-supply gap, rising staff costs for state of affairs

Maharashtra's revenue from property registrations to hit all-time high

Within the first 11 months of FY22, the state has earned Rs 5,671 crore from property registrations, which is 63 per cent higher than Rs 3,474 crore in FY21

Defence exposition in Gandhinagar cancelled, govt says will reschedule

MoD sources, speaking off the record, say postponement has nothing to do with "logistics problems"

Services PMI picks up marginally in Feb after falling for 3 straight months

Data released by the data analytics firm IHS Markit released on Friday showed purchasing managers' index (PMI) for services for February rose to 51.8 from 51.5 in the preceding month.

Multi-modal Logistics Parks: What they are and why they're needed

A dive into the logistics challenges involved in setting them up, and the how the parks will work once up

India's tea industry is on tenterhooks as Russia wages war on Ukraine

Russia accounts for 18 per cent of the industry's exports and the consequences of the conflict are making themselves felt already

Plan for railways asset monetisation didn't attract enough investors: Kant

Kant said the private sector will come to invest only if there are assured returns

Allocation of funds for rail projects in Telangana raised: Ashwini Vaishnaw

The remarks came against the backdrop of the ruling TRS alleging that the NDA government at the Centre meted out a raw deal to Telangana in allocation of funds and other developmental projects

Train collision prevention system 'Kavach' to be exported: Vaishnaw

Railway Minister Ashwini Vaishnaw on Friday said 'Kavach' will be implemented over entire rail network in the country and will also be exported to the world in the next coming years

India to raise fuel prices from next week amid concern over inflation

State oil companies have told the government that they need a price increase of 10-12 rupees per litre for petrol and diesel, an official said

LIC IPO: Govt to take call in best interest of investors, says DIPAM Secy

In the wake of the market volatility due to the Ukraine-Russia war, there might be a rethink on the timing of the LIC share sale

Indian sugar exports and output could hit record high, says trade body

India could export a record 7.5 million tonnes of sugar in the 2021/22 marketing year, nearly 25% more than the previous estimate, with output set to reach a record high

Auto engineer jobs up 7% in Feb driven by EV market: Report

Hiring demand for automotive engineers grew eight per cent sequentially in February driven by an uptick in the electric vehicles (EV) market, according to a report.

Rupee down 22 paise, crosses 76-mark to the dollar amid Ukraine crisis

At the interbank foreign exchange market, the rupee opened weak at 76.06 against the American dollar and fell further during the session as investors moved away from riskier assets

Tea exports dip 6.8% to 195.5 mn kg in CY2021, shipment value remains flat

Tea exports during the 12 months of 2021 declined marginally at 195.50 million kilogramme from 209.72 million kg during the previous similar period, according to latest Tea Board data.

Himachal govt presents Rs 51k-cr FY23 budget with focus on social security

In the election year, the Himachal Pradesh government on Friday presented a Rs 51,365-crore Budget for the financial year 2022-23 against the 49,131-crore Budget in 2021-22

2,000 km of rail network to be brought under 'Kavach' in 2022-23: Vaishnaw

'Kavach', the indigenously developed Automatic Train Protection (ATP) system, will be deployed across the entire rail network beginning with 2,000 km in 2022-23 fiscal, Railway Minister Vaishnaw said