Page 1138 - Economy & Policy News
India's Dec factory output growth at 10-mth low of 0.4% on Covid disruption
Manufacturing output contracted 0.1% while mining and electricity grew at 2.6% and 2.8%, respectively
 "India's Dec factory output growth at 10-mth low of 0.4% on Covid disruption")
No proposal at present to include toy industry under PLI scheme: Govt
There is no proposal at present with the government to include the toy industry under the Production Linked Incentive (PLI) scheme, though it is providing all round support to the sector to make it more competitive, Parliament was informed on Friday.
 "No proposal at present to include toy industry under PLI scheme: Govt")
Centre sets target to replace Diesel with Renewable in Agriculture by 2024
Power minister R K Singh says this is in line with govt's commitment to hike the share of non-fossil fuels by 2030 and become a net zero emitter by 2070
 "Centre sets target to replace Diesel with Renewable in Agriculture by 2024")
Passenger vehicle wholesales dip 8% in Jan as semiconductor woes continue
The total passenger vehicle wholesales dropped to 2,54,287 units in January 2022 as compared to 2,76,554 units in the same month of last year.
 "Passenger vehicle wholesales dip 8% in Jan as semiconductor woes continue")
Budget's MGNREGA spend cut perplexing, says India Ratings
Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as 'perplexing' by India Ratings
 "Budget's MGNREGA spend cut perplexing, says India Ratings")
Festive season helps bank credit grow by 8.2% YoY, shows data
Showing a steady rise in demand for credit, bank loans rose 8.2 per cent year- on-year (YoY) at the end of the fortnight January 28, 2022
 "Festive season helps bank credit grow by 8.2% YoY, shows data")
Uttar Pradesh Assembly polls: In the trail of the Ganga Expressway
In the last of three-part series, Nitin Kumar looks at how jobs, education and health remain concerns even though locals are upbeat about UP's infrastructure push
 "Uttar Pradesh Assembly polls: In the trail of the Ganga Expressway")
India and Australia close to sealing early trade pact: Piyush Goyal
India and Australia have been fair about understanding the sensitive sectors in respective nations
 "India and Australia close to sealing early trade pact: Piyush Goyal")
Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj
Revenue Secy says govt wanted a stable and predictable tax regime, so very little tinkering was done in the Union Budget
 "Tax laws made complicated by exemptions, need to be simplified: Tarun Bajaj")
Checked inflation even when Covid hit us, says FM Nirmala Sitharaman
CPI inflation at 6.2% now, was 9.1% during 2008 financial crisis, she says
 "Checked inflation even when Covid hit us, says FM Nirmala Sitharaman")
India's semiconductor consumption estimated at Rs 1.1 trn in 2020: MoS IT
The minister said that beside Rs 76,000 crore semicon programme, the government has also approved modernisation of SemiConductor Laboratory, Mohali as a brownfield Fab
 "India's semiconductor consumption estimated at Rs 1.1 trn in 2020: MoS IT")
India and Australia close to sealing early trade pact, says Piyush Goyal
The negotiations should be complete within 30 days, Goyal told a joint news briefing with Australian Trade Minister Dan Tehan
 "India and Australia close to sealing early trade pact, says Piyush Goyal")
No plan to reintroduce three repealed farm laws in future: Agri Min in RS
Replying to a written question, he said 'the subject of compensation etc. to the families of the deceased farmers in the farmers movement is with the concerned state government.'
 "No plan to reintroduce three repealed farm laws in future: Agri Min in RS")
India's basmati rice exports hit 4-year low as Iran trims buying
The country's basmati rice exports in 2021 fell 20% from a year ago to 4 million tonnes, the lowest since 2017, according to government data
 "India's basmati rice exports hit 4-year low as Iran trims buying")
India has added 34% more drone start-ups since new August guidelines
Average funding of top 10 start-ups has increased 10 per cent to $5.6 million
 "India has added 34% more drone start-ups since new August guidelines")
MGNREGA was infested with ghost accounts, became source of corruption: FM
Slamming the Opposition, she further said: 'We are now working towards creating it and using it properly with transparency,'
 "MGNREGA was infested with ghost accounts, became source of corruption: FM")
Taxing income doesn't give cryptos legitimacy: FM Sitharaman
'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament
 "Taxing income doesn't give cryptos legitimacy: FM Sitharaman")
Govt contained inflation at 6.2% despite biggest contraction in economy: FM
She stated that the objective of the Budget is a stable and sustainable recovery in the economy
 "Govt contained inflation at 6.2% despite biggest contraction in economy: FM")
This Budget forward looking, has vision for India at 100: Sitharaman
Nirmala Sitharaman on Friday said in the Rajya Sabha that the Budget 2022-23 stood for continuity, was forward looking and has a vision for 'India at 100'.
Budget will bring stability to economy, predictability in taxation: FM
The Finance Minister further said that if India doesn't have a vision for 100 years then will suffer similarly to the first 70 years.