Page 1169 - Economy & Policy News

Retail sales rose 7% in Dec compared to same period in 2019: RAI

Retail sales in December grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave

Policy should be pro-innovation, light touch, says NITI Aayog CEO

NITI Aayog CEO Amitabh Kant on Tuesday said the country's policies need to be pro-innovation, light touch and progressive, as also they should be benchmarked against the world's best.

NABARD pegs Odisha's credit potential for 2022-23 at Rs 1.34 trillion

The National Bank for Agriculture and Rural Development (NABARD) has projected Odisha's credit potential for the financial year 2022-23 at Rs 1,34,665 crore, officials said here on Tuesday.

Rice exporters seek extension of interest subsidy scheme to boost shipments

Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity.

Covid didn't impact India's long-term growth trajectory: N Chandrasekaran

In this decade, India will lead the global growth rates, said Tata group Chairman N Chandrasekaran

Indian economy to see 9.5% growth this fiscal: Ex-chief economic adviser

The Indian economy is likely to register a growth of 9.5 per cent in this financial year, former chief economic adviser Arvind Virmani said on Tuesday.

India and South Korea to discuss bilateral trade-related issues

India's Commerce and Industry Minister Piyush Goyal and South Korea's Trade Minister Han-koo Yeo will hold a meeting on Tuesday to discuss bilateral trade-related issues.

Annual Economic Survey explained

Before the Union Budget, the govt releases the Economic Survey. It is an annual document that offers a peek into India's economic development over the previous fiscal year. This report explains more

Govt's paddy procurement touches 53.28 mt so far in 2021-22 season

The paddy marketing season normally begins from October and runs through September

India, South Korea to discuss market access issues on Tuesday

Exports did not witness a massive jump, despite a free trade agreement between both nations

Recovery tracker: Drop in workplace attendance, traffic congestion

Freight data shows slower growth

Citigroup revises India GDP forecast down by 80 bps to 9% for FY22

It says the economic impact of the Omicron wave in the fourth quarter could be lower than in previous waves, but activity momentum in the third quarter was much lower than expected

India on track to achieve Paris Accord and COP 26 commitments: Yadav

The minister said he had a productive conversation with United States climate envoy John Kerry and India and the US have agreed to take forward their Climate Action and Finance Mobilisation Dialogue'

Now, AAAR rules ready-to-eat fryums papad to draw 18% GST

GST rate is based on classification of products based on the harmonised system of nomenclature (HSN) codes

Employment in 9 select sectors rose 200,000 to 31 mn in July-Sept

The higher employment number also reflects an improvement in economic activities after states lifted restrictions that were imposed to curb spreading of coronavirus infections during the second wave

Let's target to create 75 more unicorns by 2022-end: Piyush Goyal

The minister called upon stakeholders in the innovation ecosystem to strive to take India to the top 25 in the Global Innovation Index

Govt optimistic of taking ONDC global: Senior DPIIT official

ONDC is expected to digitise the entire value chain, standardise operations, promote inclusion of suppliers, derive efficiencies in logistics and enhance value for consumers

India Inc's overseas direct investment dips over 8% to $2.05 bn in Dec 21

The domestic companies had invested $2.23 billion in their overseas joint ventures and fully-owned subsidiaries during December 2020 in the previous financial year

India, Korea to hold discussions on ways to boost trade, investments

The meeting will be held between Commerce and Industry Minister Piyush Goyal and Korean Trade Minister Han-koo Yeo

Renewable energy generation capacity addition to touch 16 GW in FY23: ICRA

India's renewable energy capacity addition is estimated to touch 16 GW in the next financial year in view of the strong pipeline of 55 GW clean energy projects, according to ICRA.