Page 1256 - Economy & Policy News

US lawmakers protest more than Indians over Amazon's rigging in India: CAIT

The Confederation of All India Traders told Union Commerce Minister Piyush Goyal that in India political parties are silent on this matter

Oil alarm: India's oil import bill at 67% of FY21 in just 5 months of FY22

The sharp economic recovery and rising demand post the second wave of Covid coupled with a spike in global oil prices may pose a challenge for the government in FY22 to maintain fiscal discipline

India's power consumption up 3% at 57.22 billion units in Oct 1-15

India's power consumption grew 3.35 per cent in the first half of October to 57.22 billion units (BU), showing recovery amid coal shortage at electricity generation plants

India's coal import drops in Aug despite higher demand from power sector

India's coal import registered a decline of 2.7 per cent in August this year amid the power plants grappling with fuel shortages

Crop failure, rise in fuel costs push up vegetable prices in Delhi

Vegetable prices have gone up in Delhi-NCR markets due to crop failure and increase in fuel prices.

Govt to decide on petrol tax cut after reviewing state's economy: Bommai

Karnataka CM said the government will decide on reducing the petrol price, by effecting a tax cut, after the review.

Indian economy is bouncing back strongly: MoS for External Affairs

The MoS said the Narendra Modi government has undertaken far-reaching structural reforms, making use of the mantra of 'Reform, Perform and Transform'

Fuel rates hiked again, petrol at Rs 105.84 per litre in Delhi

Diesel prices have now increased 19 out of the last 23 days taking up its retail price by Rs 5.95 per litre in Delhi.

RSS chief Bhagwat slams OTT platforms and bitcoin, calls for regulation

This is the first reference by the RSS chief to the two issues, which the government is trying to deal with

India's economic reforms seen as "positive step" by Biden admin: Sitharaman

"The reforms that we have undertaken, particularly the steps taken for the withdrawal of the retrospective tax has been mentioned by the United States administration as a very positive step," she said

Gem, jewellery exports rise 29% to Rs 23,259 crore in Sept: GJEPC

Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council

India's electricity demand picks up in Oct as coal shortage lingers

India's electricity demand grew 4.9% during the first half of October, with supply falling short of demand by 1.4% despite a 3.2% rise in coal-fired generation and 30% rise in solar output

Timeline for mandatory use of Indian flag on SCI vessels may be shortened

Tax implication of bearing the flag has been a sticking point for suitors

Forex reserves increase by $2.039 billion to $639.516 billion

Gold reserves were up by USD 464 million to USD 38.022 billion in the reporting week.

Interface between health training, communities must: Mansukh Mandaviya

Special focus is being provided to the states with an inadequately trained workforce, the minister said

India to remain accommodative in its monetary policy: RBI governor

India is witnessing a very robust economic recovery, but there is still unevenness across sectors, RBI Governor Shaktikanta Das said

Ethanol blending on track but grain-based distillation could be a challenge

Less than 15% of total ethanol supply in the market is currently from grain-based distilleries

India's economy gradually recovering, but beware of inflation: IMF

Says gradual cut in monetary support will foster orderly market transition

IL&FS seeks NCLT approval to place Rs 4,000 crore of assets in InvIT

With the NCLT approval, a total of 11 projects would be ready for monetisation through the InvIT route

States must step up capex, says RBI governor Shaktikanta Das

Quality spending can have multiplier effect, says Das