Page 1124 - Economy & Policy News

Policy in 7-8 days to promote pvt sector R&D in railways: Vaishnaw

The Indian Railways will come up with a policy in the next 7-8 days to make private-sector research and development a major part of the railway budget with 90 per cent allocation in the future, Union Minister Ashwini Vaishnaw said Wednesday.

India asks Indonesia to raise palm oil supply as prices spike: Report

Ukraine and Russia accounted for nearly 13% of India's edible oil imports last year, supplying 1.6 million tonnes.

Indian Rlys sees 34% rise in automobile freight at 3.35 mn tonnes in FY22

The Railways' overall annual freight rose 16% in 2021-22, to an all-time high of 1,278.8 mt

Pace of govt capital expenditure not robust enough, feel policymakers

The years FY21, FY22 and targets for FY23 have seen substantial jump in the Centre's capex outlay.

Mfg PMI improves to 54.9 in Feb after 4-mth low in Jan as Covid curbs ease

Ukraine war-induced commodity price spike could derail mfg rebound in India

Feb exports rise 22% YoY to $33.8 bn; trade deficit widens to $21.19 bn

Remain above $30-bn mark but pace of growth slows for 2nd month in a row

Russia-Ukraine crisis: Rising crude oil prices put growth prospects at risk

The latest Economic Survey for FY22 projected economic growth at 8-8.5 per cent assuming crude oil prices at $70-$75 per barrel

Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel

Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war

Ukraine crisis: United suspends Newark-Mumbai, San Francisco-Delhi flights

Airline has stopped flying over Russian airspace, continues to operate flights from Chicago and Newark to Delhi

Safety checks to samosas for students: How airlines are managing evacuation

From carrying out safety assessments to setting up of temporary bases, airlines are taking elaborate steps to ensure quick and efficient passage to students fleeing Ukraine

Ukraine crisis: Payments stopped, Russian firms pressure Indian banks

Banks await RBI, govt's advisory on transactions with Russian companies

LIC IPO to be delayed or not? GoM likely to take a call tomorrow

Merchant bankers say situation not ripe for IPO of this size

Indian farmers can now trade in carbon credits to boost income

Farming contributes around 14% of the annual greenhouse gas emissions from India

IFSCA invites comments on draft framework on sustainable financial lending

IFSCA has been established as a unified regulator to develop and regulate financial products, financial services and financial institutions in the International Financial Services Centres in India

AGR dues: TDSAT says public, pvt sector firms cannot be treated differently

The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) also said that an exemption can be given to the PSUs only if the same is extended to private sector players

Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions

The RBI is also likely to come up with a plan soon, and has collected information from Indian banks

Govt's Jan Aushadi programme to exceed 2021-22 targets, shows data

The pace is slower for including more medicines in the product basket; sales have grown at a CAGR of 51.9% in the last five years

Airbus rides on self-reliant India at DefExpo 2022

This will be the first time an Indian private company will be wholly manufacturing an aircraft in India

Odisha records robust growth rate of 47% in state GST collection

The successful auction of iron ore mines last year by the state government contributed significantly in increasing the tax revenue this year

PM Modi to address DPIIT seminar on 'Make in India for the World'

The objective of the webinar is to sustain the momentum of Budget and synergising the initiatives taken by various stakeholders to boost manufacturing, exports and strengthening the MSMEs