Page 1194 - Economy & Policy News

Govt's Rs 76,000-cr plan to woo chip makers, create semiconductor ecosystem

Domestic fabless players to get support via design-linked incentive

CCEA okays extension of all 3 parts of PM Krishi Sinchayee Yojana till 2026

The extension has been approved with an outlay of Rs 93,068 crore of which Rs 37,454 crore will be central assistance to states

Govt to refund MDR losses to banks on digital payments for FY23

Payment companies like Visa and Mastercard have been seeking a level playing field with RuPay, claiming the government is favouring the latter

Govt exploring public financing for road infra projects: Gadkari

The Road Transport and Highways minister said the country has set several world records in road construction despite Covid

Installed nuclear power capacity grew by over 40% in last 7 years: Govt

The country is pursuing an indigenous three-stage nuclear power programme to provide long term energy security in a sustainable manner: Jitendra Singh

Indian economy recovering well, but Omicron poses a risk: RBI bulletin

RBI's recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment

Govt allows Delhi NCR-based pharma and device makers to use diesel gensets

This decision also applies to factories in NCR which manufacture life saving drugs and devices.

India will ensure internet isn't dominated by big corporates: Chandrasekhar

Union Minister Rajeev Chandrasekhar was responding to a question from Facebook India head Ajit Mohan on where the private sector fits into the govt's digitalisation push

Cabinet approves Rs 76,000-cr scheme for semiconductor manufacturing

Rs 76,000 cr approved for development of semiconductors and display manufacturing ecosystem in India; Incentives of Rs 2.3 trn to position India as global hub for electronics manufacturing, says govt

Uttarakhand: Weak economy that could get crippled without Centre's support

The hilly state going to polls early next year needs to set its finances in order, and address the employment challenge

Uncertainty remains about new variants as global economy recovers: Gopinath

Gopinath further said the pandemic has been aggravated by the recent advent of the Omicron variant of coronavirus

FM to hold pre-Budget meet with infra, financial sector players on Thursday

The two consultations with different stakeholder groups will be held virtually

Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme

The Union Cabinet approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem

Govt approves Rs 76,000-cr plan for semiconductor, display manufacturing

The move would further India's ambitions to be self-reliant in electronics manufacturing

Inflation spike: A dive into the long-term reasons throws up some surprises

Contrary to popular belief, food items aren't among the biggest culprits in this space; palm oil and cotton are two items that have done much more to disrupt the WPI numbers over time

India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data

Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed

Salaries of BSNL, MTNL staff paid till November: MoS Communications

For BSNL and MTNL, stiff competition and absence of 4G services (except in a few locations for BSNL) are eroding their competitive strength, the minister said

Cabinet decision on semiconductors will boost innovation, manufacturing: PM

The Union Cabinet has approved a Rs 76,000-crore policy boost for semiconductor and display manufacturing ecosystem

High frequency indicators look upbeat, RBI officials on state of economy

A host of incoming high frequency indicators are looking upbeat and consumer confidence is returning gradually, an article on the state of economy written by RBI officials has observed.

Domestic steel prices to soften 10-15% in 2022: S&P Global Platts

Domestic hot-rolled coil prices are expected to average Rs 53,550-56,700 a tonne in CY 2022. This compares with Rs 63,000 per tonne YTD in 2021, which is 58% higher than Rs 39,761 per tonne in CY2020