Page 1248 - Economy & Policy News

Inflation cools down in September, but the pressure is building up

Crop damage and import constraints could cause food prices to spike; the global energy scenario is already taking a toll on domestic fuel prices

LPG price may be hiked next week; petrol, diesel rates up again

LPG rates were last hiked by Rs 15 per cylinder on October 6, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder

Swap rates in India surge as traders see Reserve Bank turning hawkish

The five-year onshore overnight indexed swap, a tool to trade rate expectations, has advanced 31 basis points in October

PLI for food processing a game-changer, to boost agri-exports: FMCG players

Leading FMCG companies have termed the PLI scheme approved by the government for the food processing sector as a game-changer which would help bring more investment

PSUs to compete with pvt firms for rail contracts following new order

The Railway Board has issued an order that will now make public sector companies compete with the private sector

Biz sentiment hit two-year high in Q2 as Covid second wave eased off: NCAER

Sentiments improved sequentially in Q2FY22 with regard to production, domestic sales, exports, new orders, imports of raw materials, and pre-tax profits

Current, future sentiment index in real estate at all-time high: Report

The sentiments in the real estate market had turned pessimistic during the April-June quarter because of the outbreak of the second wave of the Covid-19 pandemic

Draft guideline issued to ensure ease during air travel for disabled people

The Civil Aviation Ministry on Tuesday issued draft guidelines for aviation sector stakeholders such as airlines and airports to ensure disabled people can travel at ease

US President Biden urged not to impose CAATSA sanctions on India

Two powerful US Senators on Tuesday urged President Joe Biden not to impose provisions of the punitive CAATSA against India for buying the S-400 surface-to-air missile system from Russia

Govt likely to remove restrictions on commercial use of AAI land

Of the 136 airports it operates, 107 were in losses due to the pandemic disruption

AAR says no GST exemption for tourist vehicles carrying Covid patients

Experts described the decision as callous on front-line workers

Stimulus package and reforms have put economy on track: FM Sitharaman

She took part in the annual meeting of the board of governors of Asian Infrastructure Investment Bank (AIIB) via video conference

March towards net zero carbon could leave gas investments stranded: Study

This risk is seen because International Energy Agency had in June said that achieving net zero emissions globally would depend on halting all future fossil fuel development

Hunt for new chief economic adviser starts, eligibility criteria tweaked

Subramanian's term is ending on December 6. He's decided to return to academia

Marine exports from India risk damage as China imposes non-tariff barriers

China is one of the key markets for India as far as marine exports are concerned

Banks process nearly 2 mn e-mandates for auto-payment after RBI order

Industry estimates recurring transactions at 2.5% of total volume, and 1.5% in terms of value. Of these, 75% domestic transactions, and 85% international are below Rs 5,000

Helicopter sector set to take off as govt smoothens flight approvals

A beta version of the application called 'HeliSewa' was unveiled at Ficci helicopter summit earlier this month; system will be rolled out over the next few weeks

2 container-based mobile hospitals soon: Health minister Mansukh Mandaviya

The Centre will monitor the use of funds after they have been released to the states

India ranked 9th in VC funding for climate tech globally: Report

India ranks at the ninth spot globally for climate tech investment, with the country's climate tech firms receiving $1 billion in venture capital funding between 2016 and 2021, according to a report

India targets major global firms for local battery manufacturing: Report

India will host five roadshows starting next month in countries including the United States, Germany, France, South Korea and Japan