Page 1130 - Economy & Policy News

Govt plans to procure record 44.4 mn tonnes wheat from farmers next year

This is 2.44% more than the purchases made during the current season; Punjab will contribute the maximum, at 13.2 million tonnes

Formal job creation surged to 1.5 mn in December 2021, shows data

Around 15.26 lakh new members joined the ESIC-run social security scheme in December 2021 against 10.39 lakh in the previous month, official data showed

PM Narendra Modi to discuss Gati Shakti with India Inc on Monday

Gati Shakti, a digital portal, is currently in a testing phase but officials said that a full-fledged launch should be done by the end of March

Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura

A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said

Cabinet likely to consider proposal for FDI in IPO-bound LIC on Saturday

The initial public offering of over 31.6 crore shares or 5 per cent government stake is likely to hit D-street in March

Need govt support, specific incentives for services sectors: Exporters

SEPC says travel, tourism and hospitality sectors need govt support

Russia-Ukraine crisis: Food prices set to zoom on threat to shipments

Ukraine and Russia together account for more than a quarter of the global trade in wheat, as well as a fifth of corn sales

Rajasthan govt move to replace NPS with Old Pension Scheme sparks debate

The promise by the SP and the BSP in the ongoing Uttar Pradesh Assembly elections that they will revive the Old Pension Scheme (OPS) was dismissed as a political rhetoric by many

Strong Centre-State relations essential for development: FM Sitharaman

Sitharaman mentioned managing the growing urbanisation to create stronger communities as one of the areas in which the Centre and states' coordination will be essential

Ukraine crisis: 'Raw material prices may see rise; steel output to be hit'

Amid the Russia-Ukraine crisis, the commodity and raw material prices will see a steady increase and this will in turn impact the input cost of steel production, the Indian Steel Association said.

Budget should focus on getting more investment: CII tells Tamil Nadu govt

CII said more focus should be on the micro, small and medium enterprises (MSME) sector as it ensures job creation which is the need of the hour due to the challenges posed by Covid-19 pandemic

India's development challenged as world peace threatened: FM on Ukraine war

'Disturbances' to severely hamper economic recovery in India, world; recovery needs to be sustainable, sans disruptions, for humanity's welfare, says FM Sitharaman

India bonds, rupee fall on week as geopolitical tensions weigh

India's benchmark 10-year bond yield ended at 6.75%, down 1 basis point from its previous close but yields on the week were up 9 basis points

Ukraine war: Cabinet Committee on Security likely to meet again on Saturday

The Cabinet Committee on Security (CCS) is likely to meet again on Saturday amid the Russian offensive against Ukraine, sources in the government said.

Rajasthan govt rewinds to guaranteed pension scheme in poll season

The move may encourage other state governments to go back to the old pension scheme as well, according to analysts

India plans urea import deal with Iran using rupee payments: Report

India plans to pay in rupees for its first long-term urea import deal with Iran to hedge itself from global supply disruptions, higher prices and forex volatilities

Officials bust network availing fake input tax credit benefits under GST

Central Goods and Services Tax (CGST) Commissionerate, Mumbai zone, on Friday said it has busted a network involved in availing fake input tax credit benefits under goods and services tax.

Budget session of Delhi Assembly from March 23, to continue till March 29

The Budget session of the Delhi Assembly will commence from March 23 and will continue till March 29, official sources said on Friday.

Ministry mulling PLI scheme for chemical sector: Mansukh Mandaviya

Chemicals and Fertilisers Minister Mansukh Mandaviya said the ministry is planning to bring production linked incentive (PLI) scheme for the chemical sector to boost domestic production and exports

8 in 10 Indians using mobile banking apps in pandemic, says report

More than eight in ten Indians with a bank account in Metro cities now use mobile banking apps that saw a surge amid the Covid-19 pandemic, according to a new report.