Page 1251 - Economy & Policy News

Cabinet to okay COP26 pitch next week, govt seeks $100 bn climate funding

India to push 450 Gw RE, ask $100 billion climate funding, ask Global North to set up a mechanism for compensating 'loss and damage' caused due to climate change events

ExxonMobil and ONGC to extend partnership to Andaman offshore

Private refiners such as Reliance and Nayara Energy command over a third of India's total crude oil refining capacity

Can't guarantee India's concerns will be addressed, says WTO D-G

But assures the long-standing issue of farm, fisheries subsidies will be heard at ministerial

WhatsApp doesn't have fundamental rights, can't challenge Indian law: Govt

WhatsApp has said earlier that it will not break its end-to-end encryption as that would undermine the privacy of users

Onion, edible oil prices to cool down during festival season: Centre

The Centre estimates onion production in the kharif season to be around 4.38 million tonnes

DGCA fines two flight training schools Rs 75,000 over of breath analysers

This is the first time DGCA has imposed financial penalty after the amendment of Aircraft Act gave power to the regulator to do so

Inflation, high oil prices temporary; economy opening up: Officials

Inflation driven by high crude oil prices is a temporary phenomenon and the economy is gradually opening with both public and private investments picking up, senior government officials said

Government notifies PLI scheme guidelines for specialty steel

Five categories of specialty steel have been included in the PLI scheme

35 multi-modal logistics parks to come up in India, says Nitin Gadkari

Nitin Gadkari on Friday said around 35 multi-modal logistics parks, under the Bharatmala project, will come up in the country, and four are proposed in Maharashtra.

Jaishankar meets WTO DG, speaks about need for reformed multilateralism

External Affairs Minister S Jaishankar on Friday met World Trade Organization Director General Ngozi Okonjo-Iweala here and spoke about the need for reformed multilateralism

Real estate sector to touch $1 trillion by 2030: Niti Aayog CEO Kant

Kant noted that the real estate sector and its stakeholders also play a critical role in supporting the 'housing for all' initiative of the government.

RBI sees need for continued policy support: MPC minutes

The Reserve Bank of India's MPC left key rates unchanged at record lows earlier in the month

Govt notifies setting up of 7 mega textile parks under PM-MITRA scheme

The government has issued a notification for setting up seven mega textile parks under the PM-MITRA scheme at a total outlay of Rs 4,445 crore

Pandemic resurgence slows recovery in Asia: IMF's Asia-Pacific Regional Economic Outlook

The growth projection for the Asia and Pacific region downgraded by more than 1 percentage point from April 2021 forecasts to 6.5%

Scale-based regulatory framework for NBFCs optimal approach: RBI Deputy Guv

"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said

Petrol, diesel prices at an all-time high after hike for third straight day

Petrol and diesel prices on Friday touched an all-time high across the country after rates were hiked

Govt finalising guidelines to export refurbished weapons: Rajnath

The government is currently finalising guidelines to export refurbished weapons to friendly foreign countries

GM row may not affect rice exports for now; govt rules out 'contamination'

This is because the European Union (EU), from where the allegation came, accounts for very little of the country's rice export

'India should plan strategic fuel reserves', says Power Secy Alok Kumar

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

India makes a quick buck by selling some cheaply bought crude to MRPL

India imports roughly 226 MT (1,656.58 million barrels) of crude oil every year. This meets around 84 per cent of India's total crude oil requirement.