Page 1125 - Economy & Policy News

Govt policy push to put solar manufacturing sector on strong footing: ISMA

The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, which is about 5 times the current cumulative installations

Railway registers record increase of 176 MT loading in FY22 till Feb

The Railways has registered a record increase of 176 MT in loading during this financial year till February 28 as compared to last year, according to official data.

JSW Steel, JSPL, Balco, others put in 26 bids for 11 coal mines

JSW Steel, Jindal Steel & Power Ltd and Bharat Aluminium Company Ltd were among the 21 firms that put in bids in the latest auction of coal mines, the government said on Wednesday

Exports rise 22% to $33.8 bn in Feb; trade deficit widens to $21.19 bn

India's exports rose by 22.36 per cent to $33.81 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the trade deficit widened to $21.19 bn

Incomes and household expenses of farmers rise post loan waivers: Study

The study found no major change in size of holdings in Punjab and UP farms post waiver, which showed no impact of the scheme on the land holding status of beneficiaries

Business as usual, assures Russia's Alrosa as Indian diamond trade frets

While almost 50% of the Indian industry's rough diamonds come from Africa, Alrosa is the second biggest source with 30-35% share

Aluminium industry body urges PMO to ensure coal supply on priority

The Aluminium Association of India (AAI) on Wednesday said that non-power industries, including aluminium companies, has been "plagued" by a protracted coal shortage for the past seven months

Rupee down 44 paise, closes at 75.77 against USD amid geopolitical tensions

At the interbank foreign exchange market, the rupee opened at 75.78 against the American dollar but later dropped to a low of 75.86

Indian exporters fear $400 mn stuck in Russia as West blocks its banks

While exporters will get more clarity on the impact when finer details of SWIFT ban are spelt out, they have had discussions with govt to deal with payment-related challenges

High net exports signal rising pressure on India's current account deficit

Geopolitical risks, hardening commodity prices may push it up more: Experts

India's mfg activities expand in Feb as output, new orders rise: PMI

Firms responded to strong increases in new work intakes by lifting production, input buying and stocks of purchases, the survey said

Petrol, diesel price hikes likely to restart from next week: Here's why

JPMorgan said for oil marketing companies to revert to normalised marketing margins, retail prices need to increase by Rs 9 a litre or 10%

Tracking the movements: Retail, recreation visits below pre-Covid levels

Retail and recreation visits were 0.9 per cent below levels seen in the early part of 2020, mobility data from search engine Google shows

Endemic: Fourth Covid wave unlikely as immunity levels rise, say experts

Steady and stable infection rate with minor fluctuations for four weeks or more is when the disease is in endemic stage.

Climate change to pull down crop yield, fish output, labour capacity: IPCC

Rice, wheat, pulses, and coarse cereal yields could fall almost 9% by 2050; maize production could drop by almost 17% in southern parts of country

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

India's economy faces headwinds amid Russia-Ukraine crisis, says Emkay

India will see lower than previously forecast economic growth because of disruptions from the latest wave of coronavirus cases

BPCL seeks extra Gulf oil, fearing Russian supply hit: Report

BPCL, India's second-biggest state refiner, on an average buys two million barrels of Russian Urals every month on a delivered basis

Ukraine crisis: Crude price may stay around $100 for 3 months, says CAPA

Bad news for airlines as fuel accounts for 40% of expenses. On Tuesday, OMCs hiked ATF price by 8.7% to Rs 93,530.6 a kilolitre. On a year-on-year basis ATF is up by 57%

NITI Aayog working on index to identify gaps in gender equality

The index will support policy action and advocacy around gender and will be aligned to the framework of Sustainable Development Goals