Page 1287 - Economy & Policy News

Finance Ministry withdraws spending curbs on ministries, departments

The overall expenditure of more than 80 out of 101 departments, including steel, labour and civil aviation, was restricted to 20% of the Budget estimate for this fiscal year

India signs $2.5-bn contract for 56 Airbus C-295 military aircraft

Under the terms of the contract, Airbus will deliver the first 16 aircraft in 'fly-away' condition from its final assembly line in Seville, Spain. The remaining 40 planes will be manufactured in India

India's income divide narrows, wealth divide persists: Survey data

The top 10 per cent among the country's households own more than 50 per cent of the assets.

Govt releases interactive digital airspace map for drone operations

The government on Friday released an interactive digital airspace map for drone operations that demarcates areas into zones, including yellow and red, across the country for flying drones

PM to launch Swacchh Bharat Mission Urban 2.0 on October 1, says official

Prime Minister Narendra Modi will launch Swacchh Bharat Mission Urban 2.0 on October 1, a senior official in the Union Housing and Urban Affairs Ministry said on Friday

Rural demand expected to get Rs 10,700-cr boost from bumper crops: Report

Rural demand is expected to get around Rs 11,000-crore boost from the record kharif harvest along with the marginal hike in minimum support price, according to a report by Care Ratings

NHPC board okays proposal to form subsidiary for renewable energy biz

State-owned hydro power giant NHPC on Friday said its board has approved the proposal to form a subsidiary for the development of renewable energy, small hydro and green hydrogen projects.

Karnataka to hold global investors meet in November 2022: State Minister

Karnataka will host a global investors meet (GIM) in November 2022 to attracting more investments and job creation, State Minister of Large & Medium Industries Murugesh Nirani said on Friday

Made additional efforts to clear Punjab's GST dues: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday said she made additional efforts to clear Punjab's pending GST dues of more than Rs 1,400 crore, which should be recognised

CAG Murmu becomes external auditor of International Atomic Energy Agency

India's Comptroller and Auditor General G C Murmu was on Friday selected as the external auditor of the International Atomic Energy Agency

Centre notifies scheme for promotion of 'Medical Device Parks'

Centre has taken a key initiative to support the medical devices industry to reach its potential in the coming years under the "Promotion of Medical Device Parks" scheme

Indian-origin Pixstory ties up with French club PSG for social media ethics

The startup, backed by NBA eight time all-star and Los Angeles Lakers player Dwight Howard, is also in talks with two major European clubs too for a tie-up to promote their venture

Don't see RBI withdrawing ultra-loose policy in FY22: Former DG Gandhi

Gandhi also pointed to RBI DG Michael Patra's recent statement, where he made it clear that the central bank will prefer to have a clearly communicated glide path rather than taking any strong actions

ESIC scheme adds 1.3 million new members in July 2021: Official data

This provides a perspective on formal sector employment in the country

Net direct tax mop-up grows 74% at Rs 5.7 trn so far this fiscal

Refunds amounting to Rs 75,111 crore have also been issued so far this fiscal.

RBI to retain cash surplus, may announce GSAP auction: Report

This fiscal year, the RBI has bought bonds worth 2.05 trillion rupees in auctions forming part of its government securities acquisitions programme (GSAP).

India, Australia hold first Joint Working Group meet on coal, mines

Avenues for B2B collaboration on coal technology, transfer of technology, cooperation on skill development and training, issues related to coking coal import from Australia were discussed

India state refiners to buy more light crude to boost gasoline output

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.

Disinvestment to increase PSUs' income, create jobs: MoS Finance Karad

He said public sector companies provide employment to 1.4 million people in the country.

C-295 aircraft project great step in opening up aviation sector: Ratan Tata

His comments came hours after the deal to procure the aircraft to replace the Avro-748 planes of the IAF was sealed.