Page 1290 - Economy & Policy News

FDI equity inflows up 112% to $20.42 bln in Apr-July period: Govt data

Total FDI comprises equity inflows, reinvested earnings and other capital.

PMUY 2.0 nears 10 mn LPG connections target, 9.5 mn KYCs already in place

2.3 million connections disbursed between August 10 and September 15

Rising inequality due to Covid pandemic must be bridged: RBI Governor

Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push

Goyal says strong feedback will help prepare robust e-commerce policy

Piyush Goyal said "strong feedback" will help in preparing a robust e-commerce policy

States lift 83% of foodgrains out of 60 mn tonne allocated under PMGKAY

The Centre has allocated nearly 60 million tonne of foodgrains for free distribution under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) to provide relief to ration card holders amid the pandemic

India committed to clean energy-based economy, says Nitin Gadkari

Union Minister Nitin Gadkari on Wednesday said India is committed to an eminently achievable clean energy-based economy, and added that the country will soon have a policy for flex-fuel engines

India's mineral production up 23% in June, says mines ministry

India's mineral production rose by 23.1 per cent in June over the same month a year ago, according to the mines ministry

LIC's share in life insurance was dwindling, pandemic only sped the decline

India's biggest insurer is losing market share and faltering on growth like never before, as it prepares to go public through an IPO

TN eyes $100 billion exports by 2030, signs MoUs worth Rs 2,120.54 crore

Tamil Nadu signed Memorandum of Understanding for 24 projects worth Rs 2,120.54 crore, while Chief Minister M K Stalin said government's goal is to increase state's exports to $100 billion by 2030

Soaring natural gas prices ripple through heavy industry, supply chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains

India, UAE plan to lift bilateral trade to $100 bn in 5 years via new pact

India and UAE plan to conclude CEPA by the end of the year with the aim to lift trade between the two countries by 70% in five years, trade ministers of both countries said

DMRC board meeting likely on Friday, arbitration amount issue may figure

Board of Directors of the Delhi Metro Rail Corporation is likely to meet on September 24 and the issue of arbitration amount to be given to Anil Ambani group firm, DAMEPL, may figure, sources said

Govt asks power plants to auction fly ash through transparent bidding

Ministry of Power on Wednesday issued an advisory to power plants to auction fly ash through a transparent bidding process

Big push to infra, education, healthcare needed for sustainable growth: Das

Shaktikanta Das on Wednesday underlined the need for a big push to infrastructure investment, education and digital economy to achieve sustainable growth and generate jobs in smaller cities.

India's crude oil production falls 2.3% in August, gas output rises

India's crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP

Global Innovation Index: Startup ecosystem propels India into top-50

New enterprises have helped India overcome inadequate govt R&D as well as innovation infrastructure. India now has the third highest number of startups in the world, after the US and UK

Difference of opinion within govt on draft e-commerce rules: Official

The official said that unnecessary fear is created that the government's current e-commerce policy is hurting small traders.

Goyal launches National Single Window System for investors, businesses

The portal as of today hosts approvals across 18 Central Depts and 9 states, another 14 Central Depts and 5 states will be added by Dec 21 , says govt

Post pandemic, global trade is vital for economic recovery: RBI governor

Need to increase investment in healthcare, infrastructure for sustainable growth post pandemic, says Shaktikanta Das at an AIMA event

ADB scales down India's economic growth forecast for this fiscal to 10%

The Asian Development Bank on Wednesday revised down India's economic growth forecast for the current fiscal to 10 per cent, from 11 per cent predicted earlier