Page 1162 - Economy & Policy News

Centre to release Rs 47,541 crore to states as advance instalment of tax

Union Finance Minister Nirmala Sitharaman has authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs 47,541 crore

FDI flows to India drop 26% in 2021: UNCTAD

Global foreign direct investment flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trn, from $929 bn in 2020, surpassing their pre-Covid level

Agri exports likely to cross $50 bn this fiscal: Commerce ministry

The country's exports of agricultural products increased 23.21 per cent to USD 31.05 billion in April-November 2021 and is expected to cross USD 50 billion for the "first time" this fiscal

Foreign Direct Investment flows to India slip 26% in 2021: UN report

Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.

Safety of working class critical for 'Aatmnirbhar' India: Bhupender Yadav

Bhupender Yadav said that without ensuring safety, security and welfare of the working class, the fruition of the concept of Atma-Nirbhar Bharat cannot be imagined.

Govt agency ties up with Amazon for products by grassroot innovators

Student creativity-based innovative products will be available to millions of customers by virtue of a new partnership between NIFientreC and Amazon India launched on Wednesday.

Three R&D projects approved under India-Israel tech innovation fund

Deliberating on widening the scope of India-Israel Industrial R&D and Technological Innovation Fund (I4F), the two countries have approved three joint R&D projects worth $5.5 million

Amazon's legal tangles are a cautionary tale for other investors in India

The e-commerce giant's long drawn-out saga with Future Retail raises two questions for prospective investors, or those who already have business interests in India.

Delhi govt, CESL sign pact for installation of EV charging stations

The charges for usage of location will be paid by CESL to Delhi Transport Corporation (DTC) every month at the rate of one rupee per kWh of energy dispensed

52% of Indian MSMEs saw a positive impact post pandemic: PayPal survey

Study says 29% of MSMEs felt business environment in India became more favourable for online sales; for 31% cross-border opportunity was promising

11.2 mn domestic air passengers in Dec; 6.6% higher than Nov: DGCA

Carriers flew 11.2 million passengers in December, a growth of 6.6 per cent over November

Economic recovery broadened in Q3FY22, but durability elusive: ICRA

The quarterly data suggested a modest broad-basing of the recovery in Q3 FY2022, relative to Q2 FY2022, when compared to respective pre-Covid volumes

Eye on fiscal deficit: Govt tells ministries to keep expenses in check

Departments to seek additional funds only for unavoidable expenditure

High LNG prices may impact India's climate goals, gas distribution targets

Gas consumption in India increases by an average of 7 per cent a year, estimates IEA

India's oil production continues to slip, ONGC output down 2% in Dec

India's production of crude oil, which is refined to produce petrol and diesel, continued to decline in December 2021

Some sharp moves, some luck see India ride surge in global energy prices

Boom in prices has been on for over a year, may not only to sustain but become more pronounced going ahead say experts; Indian economy has felt the heat, but has so far escaped being singed

Cabinet okays disbursement of additional compound interest waiver claims

238 million borrowers got waiver of interest-on-interest on loans up to Rs 2 crore

Cabinet sanctions Rs 973 cr to SBI for ex-gratia payment to borrowers

Cabinet approves scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts

HAL signs contract with Mauritius for export of advanced light helicopter

HAL has signed a contract with the Mauritius government to export one advanced light helicopter (ALH Mk-III) for the country's police force, an official statement said on Wednesday.

NTPC top biomass user in India, consumes 58,000 MT: Power Ministry

NTPC has emerged as the top biomass user, having co-fired about 58,000 MT of biomass, while tendering a total of 10.7 MMT over short-term and long-term basis, the power ministry said