Page 1147 - Economy & Policy News

Covid-19 vax: Low allocation in FY23, Centre has unutilised funds from FY22

Depending on utilisation of budgetary estimates, allocation can be hiked, say officials

IBBI plans to reduce timelines under voluntary liquidation process

The Insolvency and Bankruptcy Board of India (IBBI) has proposed amendments to regulations governing the voluntary liquidation process to reduce timelines

India must step up coal imports to avoid a repeat of last year's crisis

Unreliable domestic dispatches prompt customers to either pay more for imports or stop operations

India's unemployment rate falls to 6.57%, lowest since March 2021: CMIE

India's unemployment rate witnessed a sharp decline to 6.57 per cent in January, the lowest since March 2021

Higher public investment to stimulate demand, generate jobs: DEA Secretary

The Budget proposals seek to stimulate the economy by stepping up public investments, which will create demand for industrial inputs and generate jobs, Economic Affairs Secretary Ajay Seth said.

India on track to achieve $400 bn exports, negotiating FTAs: Goyal

India is on track to achieve the USD 400-billion export target in the current fiscal and is negotiating trade agreements with countries, said Goyal

51 projects sanctioned under Trade Infra for Export Scheme till Jan-end

As many as 51 projects have been sanctioned under the Trade Infrastructure for Export Scheme (TIES) till the end of January and out of that, 13 projects are already completed, Parliament was informed

DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary

DPIIT will soon approach the Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Wednesday.

India's exports to China rise by 21% to $22.9 billion in 2021

Bilateral trade between the two countries rose to USD 110.4 billion in 2021 against USD 77.7 billion in 2020, registering a year-on-year growth of 42.2 per cent

Draft LIC IPO prospectus to be filed by next week, issue in Mar: DIPAM Secy

LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal

BPCL says no bidder visits in Q3, privatisation may be pushed to FY23

Govt is selling its entire 52.98% stake in BPCL for which three EoIs, including one from billionaire Anil Agarwal-led Vedanta Group, have been received

Aluminium players say captive plants facing alarmingly depleted coal stock

Seeking government's help, the aluminium industry has also made a plea to earmark at least 25-30 coal rakes per day for economically viable and sustainable industry operations

'Allowing ITR updation for 2 yrs by paying extra tax not an amnesty scheme'

The two-year window provided to taxpayers to disclose omitted income and correct mistakes made in income tax returns, is not an amnesty scheme, Revenue Secretary Tarun Bajaj said on Wednesday

India's GDP expected to grow 7.8% in FY23: Crisil report

Sitharaman's Budget proposals focused on loosening the purse strings by boosting capital expenditure and going slow on fiscal consolidation are aimed in the right direction, the rating agency said

Budget 2022 proposals to push exports, manufacturing: Exporters

Steps announced in the Budget such as extension of the ECLGS scheme, a new law for special economic zones and setting up of 100 cargo terminals will help in boosting economic growth and exports

India seeks tougher action from US tech giants on fake news: Report

India ticks off tech firms for not removing 'fake news', say sources; Indian officials tell Google to take a re-look at internal rules

Customs duty exemptions on 350 items withdrawn to push 'Make in India'

Duty on capital goods and project imports was rationalised by phasing out concessional rates and applying a moderate tariff of 7.5%

Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'

Union Budget proposes taxing income from the transfer of virtual assets at 30%; FM says central bank will issues its own digital currency.

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.