Page 1141 - Economy & Policy News

Australia's trade minister to visit India to further FTA negotiations

Australia's Minister for Trade, Tourism and Investment Dan Tehan will travel to India on Wednesday

Coal shortage crisis in power generation, non-power sector escalates again

The ministry cited the domestic coal supply to the power sector till January 2022, which was 552.65 million tonne

India's exports rise 28.51% to $8.67 billion during February 1-7

India's exports grew by 28.51 per cent to USD 8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering according to preliminary data .

LIC didn't pay dividend to govt in FY21, says Union Minister Karad

LIC did not pay any dividend to the government in last financial year and used free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, government told Rajya Sabha.

State loan yields likely to rise further despite Centre's help

Even if the G-sec yields remain where they are, if the spreads have to normalise, the SDL cut-offs will need to rise, more so for weaker states

Railway Board forms panel to examine budgetary allocation, merger of funds

Focus towards minimising overlaps in fund purpose

Telecom minister Vaishnaw pitches for deployment of made-in-India products

"We are committed to reduce regulation...that the industry feels committed towards investments," Vaishnaw said

Trai Chief terms 5G spectrum auction consultation paper as watershed

The spectrum auctions will be conducted in 2022, to facilitate the roll out of 5G mobile services within 2022-23, by private telecom providers

Can't have a situation where jobs are in China: Govt on Tesla's India entry

The minister of state for heavy industries also told the Lok Sabha during Question Hour that the company is yet to apply for schemes as per the government's policy

BS Number Wise: Govt's data website is a hard ask for information

Portal data.gov.in is difficult to negotiate and it is outdated, defeating the purpose of understanding economy and policy

Around 65% hospital beds cater to 50% population of country: Niti Aayog

Niti Aayog report has said that about 65 per cent of hospital beds in country cater to almost 50 per cent of population and stressed that the number of beds must be increased by at least 30 per cent

Global fuel, commodity prices may soften going forward: NITI's Rajiv Kumar

Stating that the Union Budget does not stoke any inflationary pressure, NITI Aayog Vice Chairman Rajiv Kumar said the rise in international fuel and commodity prices may not continue going forward

Cost of annuity projects: A new risk has emerged in govt's financials

This favoured route for financing roads is gaining traction for other infrastructure projects but could result in unsustainable liabilities for the government

No need for separate agriculture budget: Government says in Lok Sabha

During global recession, the DMK member said, India 'withstood' because of the agriculture

Payout to govt employees doubles in five years, strength shrinking

Establishment strength for latest years are estimates, which are usually scaled down to reflect the actual strength two years later

Millets export from India to increase exponentially in coming years: Govt

India is the fifth largest exporter of millets in the world, according to 2020 data, with exports continuously increasing at around 3 per cent CAGR in the last five years ending with 2020

Gujarat eyes 8-fold rise in exports to Rs 25k cr with new IT policy

Aimed at promoting new SMEs, along with a few big projects, the policy looks to grow the current exports of roughly Rs 3,100 cr to Rs 25,000 cr in next five years

Fertiliser cos to manufacture extra DAP to meet domestic need: Mandaviya

DAP (Di ammonium Phosphate) is the most widely consumed fertiliser after urea in the country

Telecom Minister urges for deployment of products designed, made in India

Citing better quality and costs, Telecom Minister Ashwini Vaishnaw on Tuesday made an aggressive pitch for adoption of products that are designed and made in India

India GDP estimated at Rs 147.5 trn in FY22: MoS Finance Pankaj Chaudhary

In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost investment and GDP growth