Page 1225 - Economy & Policy News

India to pitch for permanent solution for food security in WTO meet

India believes that the draft text on agriculture is "completely imbalanced"

India needs to double capex in medium term to fund infra: DEA Secy

India needs to double the capital expenditure in the medium term from about 5-6% of the GDP currently to fund infrastructure, DEA Secretary Ajay Seth said

Need 100 mn jobs in next 10 yrs to gain from demographic dividend: Experts

Tertiary sector is not going to generate most of these 100 million jobs; focus should be on manufacturing and formal sector

Govt to invite financial bids for privatisation of 5-6 PSUs by Dec-Jan

BPCL case is in due diligence stage with three bidders said to be keen in acquiring the OMC; BEML, Shipping Corp and Pawan Hans among others on the block

Economists urge gradual consolidation, see fiscal deficit near 6% in FY23

They believe focus on reviving informal sector activity, particularly construction, is key to reviving GDP and jobs

FM urges India Inc to take risks, boost capacities to create more jobs

Sitharaman said PM Modi has asked all ministers to identify compliance burdens for the industry in their respective ministries and departments, and simplify them

No income tax NOC/NDC required for voluntary liquidations, says IBBI

Section 178 of the Income-tax Act, 1961 obligates a liquidator to fulfil certain income tax related requirements

1.75 million received Rs 76,012 crore loans during festival period

Banks say efforts now to expand credit to ensure economic revival is durable

UPI mandate creation for IPOs drops 62% in October with fewer public offers

The 1.14 million mandates created in October were the lowest on the platform since NPCI started making the data public

Niti VC Rajiv Kumar meets think tanks, takes suggestions on economy

Niti Aayog Vice Chairman Rajiv Kumar on Wednesday interacted with over 70 think tanks on issues concerning the state of the economy, trade narratives, and competitiveness fundamentals

India should aim to achieve over $10 bn leather exports by 2025: Goyal

India should aim to achieve more than $10 billion worth of leather exports by 2025, Union Minister of Commerce and Industry, Piyush Goyal, said on Wednesday.

Differences abound in global, India inflation drivers, say experts

Say, overall, inflation unlikely to be a major worry in India, except for food inflation

Industry body PHDCCI bats for having regulator to check steel prices

The chairman of the PHDCCI's metals and minerals committee made the request to the government at a session to discuss the issues faced by the stakeholders of the industry

More room likely for states to borrow as FM presents budget next Feb

The Centre has already begun to rejig govt savings market, reviving RBI window for retail investors, the Retail Direct Scheme this month

'Office space leasing in 7 cities to reach 95% of pre-Covid level in FY23'

The increase in net leasing and steady rental collections, which had not fallen significantly, will ensure that the credit profiles of commercial real estate owners remain stable, Crisil said

India's coal demand likely to grow in absolute terms, phasing out difficult

India's coal consumption is expected to grow in absolute terms in the coming few years and phasing out the fuel could have severe repercussions on the livelihoods of many Indians, govt sources said

Cabinet clears proposal for mobile services in 7,287 uncovered villages

The estimated cost of implementation of Rs 6,466 cr includes operational expenses for five years.

SAIL supplies 48,200 tonnes of steel for Purvanchal Expressway

The 341-km expressway links UP capital Lucknow with Ghazipur and has been constructed at an estimated cost of Rs 22,500 crore

Sugar output up 24% at 21 lakh ton till Nov 15 this season; export contract

India's sugar production rose 24% to 20.9 lakh tonnes during October 1-November 15 on higher output in Maharashtra and Karnataka

India seeks duty free market access for leather goods under FTAs

India is seeking duty free market access for its leather goods in countries, including UAE, UK and Australia, with which it is negotiating Free Trade Agreements to boost manufacturing and exports