Page 1192 - Economy & Policy News

Artificial Intelligence shaping India's economy, says Jitendra Singh

Union minister Jitendra Singh said on Thursday artificial intelligence is shaping India's present and future economy and the country has started seeing its impact across sectors

Income tax portal: Finmin officials hold review meeting with Infosys chief

Revenue Secretary Tarun Bajaj along with senior finance ministry officials held a meeting with Infosys Managing Director Salil Parekh to review the performance of the new income tax portal.

99 coal mines for commercial mining put on sale in fourth round of auction

Of these 99 mines on offer, 59 are fully explored mines and 40 are partially explored

Market research industry to touch $4.2 bn by FY26, says report

According to the report, the availability of talent, coupled with proven expertise in data handling, technology, infrastructure and cost competitiveness will lead to an orbital shift in the industry

Govt may push more reforms in mining sector 'very shortly': Joshi

Coal and Mines Minister Pralhad Joshi on Thursday said the government might come out with some more reforms in the mining sector "very shortly".

Power discoms owe gencos more than Rs 1.56 trn: Power minister

The condition of most of the state government-owned distribution companies is a matter of grave concern, says R K Singh

Bangladesh to import defence items from India under $500-mn LoC

Under this line of credit, several items have been identified and being fast tracked, says Foreign Secretary Harsh Vardhan Shringla

Low stock at plants in Apr-Nov due to high power demand, rains: R K Singh

Due to second wave of the pandemic in April-June, 2021, the production and logistic arrangements were also affected as a huge number of manpower got infected, the minister added

Amendment in mineral auction rules will encourage more participation: Govt

The amendment rules have been framed after extensive consultations with the states, industry associations, miners, other stakeholders and general public

9% MSMEs closed down due to Covid as of August 2020, says govt

An online survey of 5,774 MSMEs was carried out

Diagnostic industry may log 55% revenue growth in FY22, says report

The report by Icra Ratings also expects the prices of diagnostic tests to stabilise at current levels due to focus on volume growth and higher competitive intensity from unorganized players

India's Apr-Oct iron ore production at 143 MT; set to surpass FY'20 record

India is all set to surpass the record production of 246 MT achieved in 2019-20, Mines Secretary Alok Tandon said

India's Dec 1-15 gasoil sales rise as industries crank up, data shows

Gasoil sales by the country's state fuel retailers were 2.87 million tonnes during Dec. 1-15, the data compiled by state-owned refiners showed

OMCs leave diesel, petrol prices unchanged across metros on Thursday

Diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.

Mideast share of Nov Indian oil imports at 16-mth high, African grades slip

On the other hand, the share of African oil plunged to a 16-month low of around 9.7%, or about 419,000 bpd, the data showed.

Wedding rush sets record, sends India's gold imports surging to 6-year high

About 2.5 million ceremonies are estimated to have taken place since mid-November, around a quarter of this year's expected annual total.

RBI lower currency limit for pilgrims visiting Kartarpur Gurudwara

The Reserve Bank of India (RBI) on Wednesday permitted Indians as well as Overseas Citizens of India (OCI) cardholders going on pilgrimage to Gurdwara Darbar Sahib in Kartarpur, Pakistan

Banning of crypto poses challenges: IMF chief economist Gita Gopinath

Gopinath's comments come at a time when the government is looking to bring a Bill on cryptocurrency regulation

Pre-budget consultation: Agri experts for MSP based on realistic cost

Ministers of State for Finance Pankaj Chaudhary and Bhagwat Karad held the first pre-Budget consultations with representatives of agriculture and agro processing industry through virtual mode

Govt may not take up cryptocurrency Bill in ongoing Parliament session

The government had listed the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 for tabling and passage in this session