Page 1186 - Economy & Policy News

India's crude imports hit 10-month peak as refiners bank on strong demand

India's crude oil imports in November rose to their highest level in 10 months as refiners stocked up to boost runs in anticipation of strong demand

Centre not likely to go for any off-Budget borrowing this year

This is a move that has been hailed by economists and policy-watchers as it makes budgeting a more transparent process

Govt seeks comments on proposed changes to insolvency law

The amendments have been proposed by the Insolvency Law Committee (ILC)

Trai extends deadline for stakeholders' views on 5G spectrum auction paper

Last date for comments on 5G spectrum auction paper is now Jan 10

Ministry proposes fixed timeline for NCLT, extended look-back period in IBC

The government has sought public comments on the proposal by January 13

Exports may be slow down in FY23 due to Covid, supply issues: Trade group

Rise in input cost, delays in shipments and payments among problems in growth, says FIEO.

Centre gets bids for Neelachal Ispat, sale moves to 'concluding stage'

The central government has accepted most demands made by potential buyers for the joint venture steel company.

Big drop in toy imports in last three years, says Piyush Goyal

He said the government is protecting the interest of the domestic toy industry

Govt gave 8 mm free cooking gas connections in 2021-22: Ministry

The oil ministry also said that framework for across counter sale of non-subsidised LPG connections and portability of domestic LPG connections among oil marketing companies has improved

New 'employment policy' on the anvil in Karnataka: CM Bommai

The government will henceforth encourage such institutions which are engaged in generating higher number of employment opportunities, he said

'Free at first glance': Education Ministry cautions about edtech firms

People must avoid automatic debit option for payment of subscription fee, says advisory.

Govt seeks comments on proposed amendments to insolvency law

The government invited comments on various amendments proposed to insolvency law, including to provisions related to time period for approval of resolution plans, wrongful trading.

Govt issues advisory to citizens urging caution against ed-tech companies

Avoid credit/debit cards registration on apps for subscriptions. Place an upper limit on expenditure per transaction, suggests govt

Govt has directed carmakers to introduce flex-fuel engines: Gadkari

Gadkari also said the government is working to encourage the use of green and alternative fuels

Govt working to bring changes in GST Act, public platforms: Jayant Sinha

He said GST is fast becoming the commercial backbone of this country, and the government is doing all the necessary changes that will be required to support the businesses

Hospitality industry on alert mode amid threat from Omicron variant

With states imposing restrictions on gatherings for Christmas and New Year celebrations, hoteliers and restaurant operators are, however, staring at possible booking cancellations

FIEO aims at $460-475 billion exports next fiscal year amid Covid woes

Much will depend on whether the world would be able to contain COVID-19 through massive vaccination across the globe and be able to create the required vaccine manufacturing capacity

Indian aviation industry was able to breathe a little easier in 2021

Air India's sale to the Tata Group and arrival of Rakesh Jhunjhunwala-backed new airline Akasa Air in 2021 are likely to introduce more competition

Goyal, Australian trade minister holds talk to expedite FTA negotiations

The proposed free trade agreement is aimed at enhancing economic ties between the two countries

Fuel rates remain unchanged on Thursday; petrol in Mumbai at Rs 109.98

Oil marketing companies on Thursday kept the prices of diesel and petrol unchanged across major Indian cities.