Page 1212 - Economy & Policy News

Govt seeks Parliament's nod for additional Rs 2.99 trn spending in FY22

The Indian government sought parliamentary approval for net additional spending of 2.99 trillion rupees ($39.87 billion) in the current financial year ending in March 2022.

UIDAI working on getting future technology for better service delivery: CEO

Garg added that the UIDAI would look at partnering with other nations and help them learn from India's Aadhaar example

Services activity grow robustly in Nov as price pressures intensify

The Services Purchasing Managers' Index, compiled by IHS Markit, eased to 58.1 in November from 58.4 in October.

Indians' 'immense trust' in fintech must be respected, says PM Modi

PM calls fintech a 'revolution that helps to achieve financial empowerment of every single citizen of the country'.

Govt working to bridge gaps for 'reliable' jobs data by next year: Report

India's government plans to bridge the gaps in employment data by next year

Govt buys 291 lakh tonnes of paddy for Rs 57,032 cr so far in 2021-22

A quantity of 290.98 lakh tonnes of paddy has been procured in KMS 2021-22 till November 30

5G spectrum auctions slated to take place early next year: DoT secretary

The Telecom Regulatory Authority of India (Trai) has floated a consultation paper for the spectrum price for the proposed auction

Urban bodies disburse 47,884 loans in Delhi under PM SVANidhi Scheme

Urban local bodies here have approved and issued 1.09 lakh letters of recommendation for loans to banks under a micro-credit scheme for street vendors

Centre set to rejig privatisation process for non-strategic sectors

Companies in non-strategic sectors would be considered for privatisation, wherever feasible, or else they would be closed

Govt to launch SRESHTA scheme for socio economic development of SC students

The Centre will on Monday launch SRESHTA scheme for socio-economic upliftment and overall development of Scheduled Castes students by providing quality residential education

Govt extends timeline for implementation of Smart Cities Mission to 2023

The official said all the 100 smart cities selected under the mission will now have to complete their projects by June 2023

Loans worth Rs 2.82 trillion sanctioned under ECLGS: MSME Minister

The last date of disbursement under the scheme has been extended to June 30, 2022

Code of conduct: IBBI move on COCs raises questions on jurisdiction

The step has added to the growing concern around the role of the insolvency regulator and whether it has delivered the goods

IBBI empowers adjudicating authority to pick IPs from panel to curb delays

Board has prepared an algorithm to place insolvency professionals on a panel in a particular order. The IP with lowest volume of ongoing processes gets a score of 100, will be at the top of the panel

India hits target of 40% power generation capacity from non-fossil sources

The country's installed renewable energy (RE) capacity stands at 150.05 GW, while its nuclear energy-based installed electricity capacity is 6.78 GW

GIFT city regulator seeks comments on draft insurance web aggregator rules

The public and stakeholders comments on the draft regulations have to be submitted by December 20

Soaring imports to push India's CAD to 1.9% this fiscal year : Report

Trade deficit--the difference between a country's imports and exports -- has been rising and remains sticky

Cement price likely to increase by Rs 15-20 per bag, says Crisil

The rise in price has been attributed to inputs commodity cost pressure such as coal and diesel supported by rising demand

India will have nine nuclear reactors by 2024, govt tells Parliament

Nuclear energy will soon emerge as one of the most important sources of alternative or clean energy for the increasing power demand of the country: Minister

Delhi recorded highest ever peak power demand in November this year: BSES

However, BSES authorities said that they are fully geared up to ensure adequate power availability during the winter season