Page 1176 - Economy & Policy News

Over 80% families say no to big spends in 2022: LocalCircles survey

Six per cent families were planning to buy an electric vehicle, slightly behind those interested in buying a petrol car at seven per cent

India questions China's developing country status on per capita basis

According to per capita income level, the Chinese economy belongs to 'upper-middle income' category, argues India

India needs GDP growth of above 8% to be $5-tn economy: Rajnish Kumar

For a growth of eight per cent and above, he said, the country needs a huge investment in the economy

Govt making efforts to get duty concessions on textile via FTAs: Goyal

Goyal also thanked the prime minister for the decision to defer the increase of GST slab from five per cent to 12 per cent for the textiles sector

India spends record $55.7 billion on gold imports in 2021: Report

The 2021 gold import bill easily doubled the $22 billion spent in 2020, and surpassed the previous high, set in 2011, of $53.9 billion, according to an official

Companies in a fix as lower supplies in peak flush season spike milk prices

Higher prices help farmers, but pressure companies to pass the hike on to consumer

RBI cancels authorisation certificates of two payment system operators

Both the Payment System Operators (PSOs) had authorisation for issuance and operation of prepaid payment instruments

CAG report on Noida shows why accountability is a myth in India's cities

The first-ever CAG report on Noida highlights the fact that most of India's megacities rarely have their accounts audited

Strong demand for Indian apparel to further push exports: AEPC

Export of readymade garments saw an increase of 22 per cent to $1.46 billion in December 2021 from $1.20 billion in the same month of 2020

Rising Omicron cases can impact growth by 0.3% in March quarter: Report

The downside risks at the current juncture emanate from more states imposing restrictions, the restrictions extending beyond January 2022 and also a slowdown in global recovery: Economists

Icra maintains 'stable' outlook for Indian road logistics sector

The optimism stems from the favourable scenario wherein most players reported strong growth in freight volumes on a sequential basis in the second quarter of FY'22

Net office space leasing up 2% in 2021; down 45% from 2019 levels: Report

The net absorption of office space stood at 25.66 million square feet in 2020 and record 47.8 million square feet in 2019

No proposal to import milk from Australia at concessional rates: Minister

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Tuesday denied farm leader Rakesh Tikait's allegation that there is a proposal to import milk from Australia.

Rajasthan gets investment commitments worth over Rs 6 trillion: Official

CM Gehlot on Monday directed all departments to work in coordination to implement the investment proposals received ahead of the Invest Rajasthan summit proposed to be held here on January 24-25

No extraordinary increase in trade with China, says Piyush Goyal

About free trade agreements, Goyal said that India's FTA with the UAE is close to finalisation

India's gasoil sales rise in Dec, but Omicron seen dampening demand

Movement of gasoil-consuming trucks in India picked up in December as more fruits and vegetables were transported across the country than usual that month

5% GST on electricity may cause Rs 5,700-crore loss to states, Centre

Power cost may fall for industrial consumers, says NTPC-commissioned report

RBI caps upper limit of offline payment transaction at Rs 200

An offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect

Manufacturing PMI eases to three month low in December amid Covid fears

Data showed that manufacturing PMI fell to 55.5 in December from 57.6 in November

Hope to launch trade negotiations with Canada in 2-3 months: Piyush Goyal

Talks with the UK are expected to be launched later this month