Page 1165 - Economy & Policy News

Tax hike on components to make mobile PLI uncompetitive for exports: ICEA

ICEA has said that increase in taxes on components will make the products manufactured in India under the PLI scheme globally uncompetitive.

India's gold imports jump over two-fold to $38 bn in Apr-Dec 2021

India's gold imports, which has a bearing on the country's current account deficit (CAD), more than doubled to $38 billion during April-December this fiscal

PV exports from India rise 46% in April-Dec; Maruti Suzuki leads segment

Passenger vehicle exports from India increased 46 per cent in the first nine months of the current fiscal year, with Maruti Suzuki India leading the segment with dispatches of around 1.68 lakh units

India risks stagflation, growth concentrated at 'top end': Kaushik Basu

India's overall macroeconomic situation is in a recovery mode but the growth is concentrated at the top end, which is a worrying trend, according to former World Bank Chief Economist Kaushik Basu

Haryana job reservation to impact industry sentiments: PHD Chamber

Industry body PHD Chamber on Saturday said that the job reservation scheme in Haryana will impact industry sentiments during the pandemic time.

Chhattisgarh to generate 1.2-1.5 million employment opportunities

Chhattisgarh has constituted an Employment Mission under the chairmanship of CM Bhupesh Baghel with an aim to generate 12 to 15 lakh new employment opportunities in next five years, officials said

India will be world's tech, economic powerhouse in 2047: Jitendra Singh

Union Minister Jitendra Singh said when India turns 100 in the year 2047, ..."the country will be the world's technological and economic powerhouse".

Govt inaugurates India's first coal to methanol plant built by BHEL

Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India's first BHEL-built 'coal to methanol' pilot plant to the nation here

Power ministry revises norms for pro-actively setting up EV charing infra

The power ministry has unveiled revised norms to support creation of electric vehicle charging infrastructure, with an aim to enable a faster adoption of EVs in the country by ensuring safe ecosystem.

Chhattisgarh to set up employment mission to create 1.5 mn jobs in 5 years

The Chhattisgarh government has decided to set up an employment mission headed by Chief Minister Bhupesh Baghel to create around 15 lakh job opportunities in the state in the next five years

Spread of Omicron cases may disrupt global supply chain: EEPC India

Engineering Export Promotion Council of India has expressed concern that the spread of Omicron, the new variant of coronavirus, may once again disrupt the global supply chain

Industrial, warehousing leasing up 35% in 2021; new supply rises 64%: Study

Leasing of industrial and warehousing spaces across eight major cities went up by 35% during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players

India's Global Innovation Index ranking improved from 81 to 46 now: PM Modi

Prime Minister Narendra Modi on Saturday said that India's Global Innovation Index ranking has improved from 81 in 2015 to 46 now.

Philippines gives $374-mn contract to BrahMos Aerospace to supply missiles

Under the deal negotiated, Brahmos Aerospace Private Ltd will deliver three batteries, train operators and maintainers, and provide logistics support, Defence Secretary Delfin Lorenzana said

Jaishankar holds talks with Lanka; Indian projects to boost Lankan economy

S Jaishankar held talks with Sri Lankan Finance Minister Basil Rajapaksa and discussed projects and investment plans by India that would strengthen the economy of the island nation.

India Inc says 'Aatmanirbhar Bharat' schemes help revive economy: Deloitte

However, only 18% respondents in Deloitte survey are MSMEs; most Aatmanirbhar Bharat measures target smaller businesses and tourism and other sectors worst hit by the pandemic

Govt to pilot-launch e-commerce network in two cities in April

The network is a Unified Payments Interface (UPI) equivalent but for the e-commerce space.

Offline retailers of consumer goods hit by third wave of Covid-19

Sector sees volume decline of up to 25%; e-com firms do brisk business

India better positioned to navigate any financial turbulence: UN body

The report projected Indian economy to grow at 9% in FY22 and 6.7% in FY23 as base effect wanes

Credit growth up 9.2% in Dec 2021 on strong growth in last fortnight of qtr

Banks lent Rs 3.7 trillion in 15 days to December 31, 2021 and outstanding commercial bank credit stood at Rs 116.83 trillion, RBI data showed