Page 1160 - Economy & Policy News

Reserve Bank of India juggles liquidity ops under revised framework

Conducts special variable rate repo operation to ease tight liquidity situation

India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal

ONDC will help the common man get access-new age technology at affordable costs

Centre to fund drone purchase by FPOs, farm R&D bodies, even individuals

In some cases, funding to cover full cost of a conventional drone

Companies facing probe get relief from HC for settling pre-GST disputes

Bombay HC paves the way for firms to settle disputes with tax authorities

Govt asks airlines to enforce one handbag rule to ease airport congestion

Airline execs say the rule is conflicting as it permits a passenger to carry multiple other things like laptop bag, ladies' hand bag, blanket, item bought at duty free shops

India smartphone market logs 169 mn units shipment in 2021: Report

India's smartphone market registered its highest-ever shipments at 169 million units in 2021, according to a report by Counterpoint Research.

India no longer signs FTAs just to be part of a group: Piyush Goyal

However, he added that FTA is a two-way traffic and industry should inculcate a greater appetite for risk taking as these pacts cannot give one-sided access for Indian goods and services alone

Third Covid-19 wave to hit airports' revenue recovery this fiscal: Report

The Omicron variant has forced the regulator to first extend the ban to January 31, and then to February 28, 2022

Textiles Min to examine issue of stock restriction for jute exports: Goyal

The assurance from the Union textiles minister came at a time when the Indian Jute Mills Association (IJMA) has initiated legal steps against the government

Separate 5G band and aviation radar frequency: Bharti Airtel to Trai

Experts say that unlike the US, India already has a large separation between the two bands

Clear, focused cash dole-outs may just work even for debt-ridden Punjab

If some exclusions are made, the doles may empower the marginalised without hitting the exchequer much

Services exports crossed $178 bn in 6 months despite Covid: Piyush Goyal

2022 will be the breakthrough year which will unlock the country's exponential value. Services Export for Apr-Dec 2021 reached more than $178 bn despite the Covid-19 pandemic

Govt launches portal to share key performance indicators of coal sector

The portal was launched by Coal Secretary Anil Kumar Jain

Multiplex operator Inox Leisure reports Q3 net loss of Rs 1.32 crore

Inox Leisure Ltd reported narrowing of its consolidated net loss at Rs 1.32 crore for the third quarter ended December 2021 as the film exhibition business witnessed recovery from Covid restrictions

India's forex reserves up by $2.229 billion to $634.965 billion

Gold reserves rose by USD 726 million to USD 39.77 billion in the reporting week

India aiming a target of $500 billion exports for FY23: DGFT official

India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.

Gems, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

US lawmakers seek litigation at WTO against India on wheat subsidy

Top US lawmakers have urged the Joe Biden administration to initiate a litigation process at WTO against India subsidising its farmers over half of the value of production for wheat.

MSMEs have manufacturing cost advantage in global value chain: Official

There is tremendous potential for Indian MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, MSME Secretary B.B. Swain said

CPI numbers for agricultural, rural labourers up by 5 points in Dec 2021

The All-India Consumer Price Index Numbers for agricultural and rural labourers for the month of December 2021 increased by 5 points each to stand at 1097 and 1106 points respectively.