Page 1237 - Economy & Policy News

​​India better placed now than in 2013 to face taper tantrum: RBI Governor

India's record forex reserve also gives a lot of confidence and security to the foreign exchange market, he said

Front-loading of govt expenditure goes for a toss as economy recovers

This year, despite revenue collection in the first half hitting a record, both revenue as well as capital spending are lower than the 50% mark halfway through the year

Govt working on steps to push electric vehicle sales, says Nitin Gadkari

The Road Transport and Highways minister observed that due to technological development, the cost of electric vehicles will drop in India

Bringing petroleum products under GST to cut taxes on petrol, diesel: Gadkari

The move would also increase the revenue of both the Centre and states, Union Minister Nitin Gadkari said on Wednesday

Cabinet okays Rs 1.47 a litre ethanol price hike for blending in petrol

The price hike was approved for 2021-22 marketing year starting December as part of the government's target to achieve 20 per cent doping by 2025

Did falling real rural wages lead to a spike in suicides in 2020?

While the number of farmer suicides may have declined, there has been a spike in the number of deaths among farm labourers

Competition between Indian, Chinese steel players to intensify: Icra

The competition between Indian and Chinese steel players could intensify at global level, amid subdued steel demand in China, according to Icra

Govt approves ethanol price hike by up to Rs 1.47/ltr for mixing in petrol

The government on Wednesday hiked the price of ethanol extracted from sugarcane for blending in petrol by up to Rs 1.47 per litre for 2021-22 marketing year starting December

India to seek higher volume, better price for Qatar LNG deal renewal

Petronet and Qatar Gas need to negotiate the extension of their current deal for 7.5 million tonnes per annum (mtpa) of LNG by the end of 2023

India exports 2.76 lakh tonnes of sugar in last 40 days: AISTA

Sugar mills have exported 2.76 lakh tonnes of sugar in the last 40 days of the current marketing year with maximum shipments to the UAE, trade body AISTA said on Wednesday

India IT services market grows by 7.3% in first half of 2021: Report

The Indian IT services market grew by 7.3 per cent in the first half of 2021, compared to the 5.7 per cent growth in the same period last year

Upcoming USTR visit: Chance for India and US to fix thorny bilateral issues

While the agenda for Katherine Tai's visit has not yet been disclosed, the two sides are likely to discuss issues on market access, including tariffs, by reconvening India-US Trade Policy Forum

Govt notifies amended mineral conservation and development rules

The government has notified the amended mineral conservation and development rules, a move will that will improve mine planning practices

CCI to get Rs 17,409 cr for cotton procurement in 7 seasons to 2020-21

The government on Wednesday approved a Rs 17,408.85 crore 'committed price support' to the Cotton Corporation of India (CCI) for seven cotton seasons from 2014-15 to 2020-21.

Real estate sector lights up with festive cheer as demand spikes

The Indian real estate sector has seen a spike in demand during the festive period, a recent report by Knight Frank, India informed

Development and environmental protection are equally important: Kerala CM

The proclaimed goal of the Left government is to create a 'nava Kerala' (new Kerala) that is capable of withstanding natural calamities, the Chief Minister told the state Assembly

India on way to becoming fastest growing economy in world: FinMin report

Armed with necessary macro and micro growth drivers, India is on its way to becoming the fastest growing major economy in the world, a finance ministry report said

MGNREGS will need Rs 32K-crore more aid to meet demand: Experts

But a supplementary budgetary support of Rs 50,000 cr would be appropriate to fulfil all requirements of this year: Activists

Investing in cryptocurrencies, NFT? Soon, you may have to pay 18% GST

While regulatory uncertainty around cryptocurrencies continues, the tax department might be getting ready to tap into this new area. Here's what crypto and NFT investors need to know about taxation

RBI governor, top bankers to bring down curtains on BS-BFSI summit today

The most-awaited chat with the RBI governor will roll into the bankers' panel, bringing down the curtains on an incisive summit that ran for nine days, spanning 11 sessions