Page 1148 - Economy & Policy News
Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr
With the increase in allocation to Rs 24,000 crore, the quantum of investments and domestic manufacturing capacity envisaged under the PLI scheme would further increase.
 "Govt enhances PLI for domestic solar cells, modules to Rs 24,000 cr")
Budget 2022: Share of capital expenditure is the highest in 19 years
The last time such a large segment was allocated was in 2004-05
 "Budget 2022: Share of capital expenditure is the highest in 19 years")
Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%
The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022
 "Govt pegs fiscal deficit for FY22 a tad higher at 6.9%, for 2022-23 at 6.4%")
Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion
Plan outlay set at Rs 100 trillion for multi-modal connectivity; 16 ministries to work on integrated infra development, including railways, roads, oil and gas, power, telecom, shipping and aviation
 "Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion")
Four pilot projects for coal gasification to be set up: Sitharaman
Gasification of coal is a process in which coal is partially oxidated by air, oxygen, steam or carbon dioxide under controlled conditions to produce a fuel gas
 "Four pilot projects for coal gasification to be set up: Sitharaman")
Power consumption grows 2.6% to 112.67 billion units in January
According to the data, peak power demand met or highest supply in a day rose to 192.07GW in the month under review compared to 189.39 GW in January 2021, and 170.97 GW in January 2020
 "Power consumption grows 2.6% to 112.67 billion units in January")
Aviation turbine fuel price hiked by 8.5%, touches all-time high
ATF price was hiked by Rs 6,743.25 per kilolitre or 8.5 per cent to Rs 86,038.16 per kl in the national capital, according to a price notification of state-owned fuel retailers
 "Aviation turbine fuel price hiked by 8.5%, touches all-time high")
PLI scheme may generate 6 million jobs in next 5 years: FM Sitharaman
Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response
 "PLI scheme may generate 6 million jobs in next 5 years: FM Sitharaman")
Natural farming will be promoted along Ganga river corridor: FM
In her Budget Speech 2022-23, she also informed that two lakh anganwadis will be upgraded for improving child health
 "Natural farming will be promoted along Ganga river corridor: FM")
Factory growth slowed to 4-mth low in Jan; inflation fears hit confidence
The Manufacturing Purchasing Managers' Index, compiled and collected by IHS Markit from Jan. 12-25, fell to 54.0 in January from Dec's 55.5.
 "Factory growth slowed to 4-mth low in Jan; inflation fears hit confidence")
Budget 2022: India to lay out plan to keep world's fastest recovery going
Finance Minister Nirmala Sitharaman is expected to channel more spending toward policies that create jobs, boost manufacturing and also benefit the poor
 "Budget 2022: India to lay out plan to keep world's fastest recovery going")
Economic Survey 2021-22: Incentives to boost recovery and growth
The immediate policy measure was to support the vulnerable sections of society
 "Economic Survey 2021-22: Incentives to boost recovery and growth")
Economic Survey 2021-22: Fiscal space may allow capital expenditure push
GDP projected to grow 8-8.5% in 2022-23; supply-side reforms to aid long-term expansion
 "Economic Survey 2021-22: Fiscal space may allow capital expenditure push")
Economic Survey Primer: Imported inflation to jab as macro indicator
Economic Survey stresses on making policy decisions based on changing economic realities
 "Economic Survey Primer: Imported inflation to jab as macro indicator")
Economic Survey has set stage for pvt investment, growth: Indian industry
According to the Indian Chamber of Commerce, the Economic Survey has captured the economy's recovery from the devastating impact of the pandemic through multiple economic indicators
 "Economic Survey has set stage for pvt investment, growth: Indian industry")
GST collection in Jan crosses Rs 1.3-trn mark for fourth time in FY22: Govt
Revenues for month of January 2022 were 15% higher than GST revenues in the same month last year and 25% higher than the GST revenues in January 2020
 "GST collection in Jan crosses Rs 1.3-trn mark for fourth time in FY22: Govt")
Top headlines: Wealth tax on super rich, weak rural demand, and more
Business Standard brings you the top headlines on Tuesday morning
State of Indian economy, according to the Economic Survey 2022
The economy is likely to grow at 8-8.5% in FY2022-23 and India is geared up to face the challenges posed by pandemic, the Economic Survey tabled yesterday said. Let's analyse this yearly report card
Various indicators of employment bounced back: Economic Survey
The Economic Survey 2021-22 which was tabled in the Parliament on Monday by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman has analysed trends in the labour market
 "Various indicators of employment bounced back: Economic Survey")
India's climate vision integrally linked to that of development: Eco Survey
Along with domestic actions, equally important are the country's initiatives at the international stage, which the Economic Survey elaborated in detail
 "India's climate vision integrally linked to that of development: Eco Survey")