Page 1260 - Economy & Policy News

Railway ministry not keen on sharing spectrum with NCR transit system

Railways says this could lead to safety, security risks

Festive cheer eludes Durga Puja with corp sponsorship below pre-Covid level

According to Forum for Durgotsab, an umbrella outfit representing 400 pujas and four other clubs, compared to 2020, sponsorship is up 30-40% and compared to 2019, it's down by 20-25%

India's September fuel demand steady, rising oil prices cloud outlook

Fuel consumption, a proxy for oil demand, totalled 15.92 million tonnes last month, up slightly from August and 5.2% higher than in September 2020, data on PPAC website showed

India adds 6,530 MW solar, wind capacities during July 2020-June 2021: Rpt

India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, a report said on Wednesday

Power ministry says no outage due to power shortage in Delhi

Union power ministry on Wednesday said there was no outage due to power shortage in the national capital amid concerns over coal supplies to power generation units

India-China trade volumes on course to touch record $100 billion-mark

The India-China trade volume looks set to cross the record figure of $100 billion this year as the total has already touched $90 billion in first nine months, despite a chill in bilateral relations

Tamil Nadu CM Stalin launches scheme to melt temple jewellery

Tamil Nadu Chief Minister M K Stalin on Wednesday launched the preliminary work to melt into 24 carat gold bars, the unutilised jewellery in the possession of the temples in the State

Gati Shakti programme will bring in better coordination: Chennai Port Trust

Centre's Gati Shakti National Master Plan for infrastructure, would bring in better coordination among 16 ministries under one portal, Chennai Port Trust Chairman said

Indian economy is recovering from Covid-19 crisis: World Bank President

Last week, the World Bank projected the Indian economy to grow at 8.3 per cent this year.

UP an emerging economy, has best investment opportunities: Yogi Adityanath

Uttar Pradesh is changing and it is an emerging economy in the country, Chief Minister Yogi Adityanath said on Wednesday

Fertiliser subsidy in rabi season to benefit farmers, industry: ICRA

ICRA has termed the government's decision to provide a special one-time package for extra subsidy on DAP fertiliser as positive for farmers as well as the industry

Air India sale: The pangs ahead of the eventual deal with the Tata group

A revamped Alternative Mechanism, the option of closing down the airline and removal of aviation ministry helped seal a deal that had found no takers for years

India's fuel demand increased 5.2% YoY in September

Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes

Govt scraps basic customs duty, cuts agri cess on vegetable oils

The move which will help cool prices and increase domestic availability in the festive season

India cuts base import tax on crude vegetable oil imports to zero % -govt

India on Wednesday slashed its base import tax on crude palm oil, crude soyoil and crude sunflower oil to zero from 2.5%

Coal dispatches to power plants being enhanced: Pralhad Joshi

Various power plants are grappling with fuel shortages and efforts are being made to increase fuel supplies.

Retail sales near pre-Covid levels with 96% recovery: RAI

Category wise, consumer durables and electronics; food and groceries and quick service restaurants (QSR) have fully recovered and are indicating double digit growth on pre-pandemic levels

India retains 3rd position in RE investment attractiveness index

The report from EY ranks the world's top 40 markets on the attractiveness of their renewable energy investment and deployment opportunities

Institutional investment in realty up 17% in July-Sep to $721 mn: Report

Office segment saw a sharp decline in investments

India looks at close to double digit growth this year: Sitharaman

India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said.