Page 1146 - Economy & Policy News

India's Oct-Jan sugar output jumps 5.64%: Indian Sugar Mills Association

Sugar mills had manufactured 17.70 million tonnes of sugar in the corresponding period of the previous 2020-21 marketing year (October-September)

Will wholesale inflation fall in FY23 as the Centre expects it to?

Govt's conservative nominal GDP growth estimate suggests it expects a low-inflation, high-growth FY23. But there are potential downsides to growth & upsides to inflation, especially wholesale

A quick report card of govt's infra asset monetisation initiative

While govt has earned about 16% road and power transmission assets against an expected run rate of Rs 88,190 cr in FY22, progress in most other areas has been slow

CBDT chairman explains why huge collections are expected from 'crypto tax'

Crypto investors should know that transactions done before April 2022 will not be tax-free, says J B Mohapatra

Direct tax collections expected to breach Rs 12.5-trn target: CBDT chairman

Direct tax collections are expected to breach the revised target of Rs 12.50 lakh crore and set an all-time high and "historic" record by the end of this financial year in March

SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22

LIC's embedded value set at over Rs 5 trn: DIPAM Secretary

Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days

India close to finalising incentives under new battery swap scheme: Report

The policy will initially focus on battery swap services for electric scooters, motorcycles and three-wheeled auto rickshaws

Don't blame Covid alone: $5 trn economy goal to be delayed by two years

Next three years will have to deliver 17% nominal GDP growth to take economy to $5 trn by FY25; If Budget assumption on growth is accepted, FY24 and FY25 should yield 20% growth each

India may cut record 2022-23 market borrowing plan by Rs 60,000 cr: Report

The reduction could be announced before the end of March, the sources said requesting anonymity because of the sensitivity of the matter

400 Vande Bharat trains: Rs 40,000 cr business opportunity and jobs

Rolling out 400 Vande Bharat Express trains is about Rs 40,000 crore of business coupled with jobs and other spin-off benefits, said senior officials --present and past -- of Indian Railways

Ind-Ra keeps 'neutral' outlook for power sector; demand growth to return

Ind-Ra has maintained a 'neutral' outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year.

Rs 2.60 trn to be spent on food grains under PMGKAY till March: Centre

Additionally, over Rs 3,109 crore were provided under the Atma Nirbhar Bharat (ANB) scheme for the needy

Union Budget 2022: Govt borrowing plan may prompt reverse repo hike

15-40 bps raise likely in MPC meeting next week, say market participants

Indirect Taxes: Union Budget 2022 is a transformative and progressive

The focus on India's startup ecosystem, the ease of doing business and green energy will shore up growth momentum and benefit multiple stakeholders.

Direct Taxes: FM Sitharaman chooses quiet consolidation in Budget

The yardsticks of stability, predictability, rationalisation and simplification define the tax proposals

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

Sri Lanka signs $500 million credit line with India to import fuel

Sri Lanka is struggling with its worst financial crisis in years with reserves hitting $3.1 billion in December. The country has to repay about $4 billion in debt repayments this year.

Budget 2022: Weak demand-led rural stress to continue for FMCG firms

The MNREGA allocation did not come on expected lines but companies expect it to get revised during the year

India's imports from China rise to $78.88 billion during Jan-Nov 2021

India's exports to China have increased by 24 per cent to $21.54 billion during January-November 2021, while imports jumped to $78.88 billion in the same period