Page 1154 - Economy & Policy News

Budget 2022: Cement sector may shine with infra announcements, say analysts

Schemes to develop rural infrastructure and boost incomes, coupled with an extension of real estate incentives, would be key triggers for the sector in the Budget

Capital goods: Capex push likely in Union Budget to support growth

The Budget is expected to push public capital expenditure (capex) and simultaneously create a conducive environment for private capex

Budget 2022-23: Job creation to drive auto sales, say brokerages

When the government announces the Union Budget on Tuesday, brokerages and rating agencies expect measures to make automobiles, particularly two-wheelers, more affordable

Budget 2022-23: Higher allocation in infra sector to fuel economic recovery

Brokerages expect government spending on infrastructure to continue in FY23 with sizeable growth in capital expenditure in roads, highways, railways, defence, and housing sectors

Rs 50,000 crore of NPAs may be transferred to NARCL in FY22

Overall, 38 accounts worth Rs 83,000 crore identified: SBI chairman

India's exports to China jump 34% to $22.9 billion in 2021, shows data

Imports, on the other hand, rose 28 per cent to USD 87.5 billion in 2021

Second-hand smartphone market in India to reach $4.6 bn in 2025: Report

The second-hand smartphone market in the country is expected to double in three years to $4.6 billion by 2025, according to a joint report by mobile devices industry body ICEA and research firm IDC.

FinMin allows two states to borrow additional Rs 7,309 cr for power reforms

Rajasthan and Andhra Pradesh have been allowed to borrow additional Rs 5,186 crore and Rs 2,123 crore, respectively

Govt extends timeline for submitting applications under textile PLI scheme

Under the scheme, incentives worth Rs 10,683 cr will be provided over 5 years for manufacturing man-made fabric, garments-jerseys and certain other products

Govt extends deadline to place bids for PDIL privatisation

The deadline to submit EOIs has been extended to February 28 from January 31, said DIPAM

Economy needs more hand-holding, fiscal correction can wait: Report

The successive waves of the pandemic has made it more difficult to reduce government debt as a share of GDP in the medium-term, said Goldman Sachs

First round of India-UK free trade agreement negotiations complete

The second round of negotiations is scheduled to take place from 7 to18 March

Yield spread signals more surge in India bond rates, say analysts

The Indian bond market on Friday closed at a yield of 6.753 per cent, marginally up from Thursday's 6.746 per cent

Govt appoints V Anantha Nageswaran as new Chief Economic Advisor

Appointment comes when all eyes are on Economic Survey and Union Budget

Manila to acquire BrahMos cruise missiles for $375 million

Contract for over 24 missiles marks India's largest-ever weapons export

Will implement SEDP from 2022-23 fiscal: Mizoram CM Zoramthanga

The SEDP is the flagship programme of the Mizo National Front (MNF) government

India's great wall for Chinese investors, after 2020 Ladakh conflict

How the government bled China-based FDI after the Ladakh conflict

Bombay HC sets aside rejection of GST refunds claimed by Colgate Global

The court has set aside the order since the deputy commissioner of state tax did not provide any reasons while rejecting the order.

More than 50% of the Centre's annual spending is unproductive, shows data

Will Budget 2022-23 be transformative enough to give developmental spending a majority share in the expenditure mix?

RBI asks people to follow safe digital banking practices amid rising frauds

The RBI observed that unscrupulous elements are defrauding people by using innovative modus operandi