Page 1144 - Economy & Policy News

Will raise money from small investors for road projects: Nitin Gadkari

He added that foreign investors are now making a beeline to invest in Indian road projects but clearly stated a lack of interest on his side to engage

Union Budget reflects India's commitment on 'green future': PM Modi

Climate Action was given more importance in this year's union budget and it reflects India's commitment towards green future, Prime Minister Narendra Modi said on Saturday.

Conservative receipts lead to higher-than-expected fiscal deficit: MOFSL

Conservative receipts' estimates have led to higher-than-expected fiscal deficit target in the Union Budget FY23, said Motilal Oswal Financial Services

At current prices, FY23 fertiliser subsidy sufficient for 6-7 mths: Experts

However, the govt may have to infuse more fertiliser subsidy if global gas prices rise.

Weak fiscal strength to remain key credit challenge for India: Moody's

Agency says it may be challenging for govt to push through material revenue reform given general elections that need to be held by mid-2024, as well as various state elections before then

Low tax rate has a sunset date, says Revenue Secretary Tarun Bajaj

'I will not be surprised if, in the current year, my tax-to-GDP ratio is the highest-ever for direct and indirect taxes taken together', he said

Costlier oil and subsidy fall likely to hit consumption in FY23

A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22

Looking at 3 telcos' proposals on converting dues into equity: Vaishnaw

The government is examining proposals from three telecom companies keen to opt for converting interest on deferred spectrum and adjusted gross revenue (AGR) dues into equity, Telecom Minister Ashwini Vaishnaw said in the Rajya Sabha on Friday.

Centre further tightens stocks limits on edible oils and oilseeds

Extends curbs till June 30, specifies quantity each trader can hold in states where the quantum hasn't been laid out

Road ministry drives Centre's asset monetisation with Rs 10,273 cr mop-up

The asset monetisation target for the road ministry is Rs 30,000 crore, and the ministry had already monetised assets worth Rs 17,000 crore when the NMP was launched

Cause for concern: Biggest bond yield spike in Budget week since 2017

Since the finance minister's speech, yield on 10-yr paper has jumped 20 bps

Fuel prices come under pressure as Brent crude climbs to $92 a barrel

While India has been reaching out to oil producing nations to raise crude oil and temper the runaway prices, but these efforts have largely been unfruitful

Govt expects Rs 34,090-cr investment under PLI scheme for electronics mfng

The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, by 2025, Parliament was informed

Covid third wave to have benign impact on hotels industry: Ind-Ra

Covid-19's third wave is expected to have a benign impact on the hotel industry due to lesser restrictions along with the sector's pro-active preparation, said India Ratings and Research (Ind-Ra).

Govt to settle almost all retro-tax cases this month: Revenue Secy

The government will settle almost all the retrospective tax cases this month, closing a chapter that plagued India's reputation as an investment-friendly destination, a top official said

Salesforce Global Digital Skills Index, 2022: India tops on readiness

72% Indian respondents say they are very actively learning digital skills to prepare for future; 66% say they feel equipped with resources to learn digital skills

Govt willing to intoduce stricter social media norms: IT Minister

IT Minister Ashwini Vaishnaw said that the Narendra Modi-led government is willing to introduce stricter social media norms and all micro-blogging sites

Oil and gas will keep meeting India's 'baseload' energy demand: Oil min

India has set a goal to achieve net zero carbon emissions by 2070

India to double down on oil, gas exploration: Hardeep Singh Puri

The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said

Govt's borrowing programme not to crowd out pvt investment: DEA Secy

The government will execute the market borrowing programme in the next financial year in a non-disruptive manner without crowding out the private sector, said Economic Affairs Secretary Ajay Seth.