Page 1315 - Economy & Policy News

India's new LNG plant starts next year, to boost import capacity by 12%

New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries.

Govt launches SAMRIDH Scheme to help startups in the early stage

The SAMRIDH initiative will not only provide funding to startups, but will also help in bringing skill sets together which will help them become successful

61% of mid income homebuyers feel prices to rise in next 1yr: Survey

Over 60 per cent of middle-income homebuyers in India expect prices of their primary residences to rise in the next 12 months, according to a survey by Knight Frank.

Cabinet approves FDI proposal of Rs 15K cr in Anchorage Infrastructure

The Cabinet Committee on Economic Affairs on Wednesday approved the FDI proposal for an investment of up to Rs 15,000 crore in Anchorage Infrastructure Investment Holding Ltd

Won't exit fully, but will ensure minimum govt presence in insurance: FM

Sitharaman says may even think in terms of amalgamating, or disinvesting in some entities where even bare minimum is not needed

Cabinet approves new palm oil mission with MSP-type benchmark assured price

The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.

Cabinet increases sugarcane FRP by Rs 5 to Rs 290/qtl for 2021-22

The Centre on Wednesday increased the minimum price sugar mills pay to sugarcane growers by Rs 5 to Rs 290 per quintal for the next marketing year starting October 2021

Industry seeks RoDTEP-like scheme for service exports: Check details here

The scheme - Duty Remission of Export of Services Scheme or DRESS - will reimburse the un-refunded taxes and duties embedded in services exports

Exports to ASEAN estimated at $46 billion in FY22, says Anupriya Patel

India's engineering exports during April-July was $35.3 billion and is expected to achieve the target set for fiscal 2021-22 at $ 105 billion

Centre questions Chhattisgarh's solar-powered irrigation pump bids

Ministry says state wasted Rs 200 cr of Kusum scheme grant with high bids

NMP plan: Low-risk assets attractive but road may be fuzzy, say experts

The NMP document, however, is not clear on the use of proceeds of monetisation. It says 5-6 per cent of the National Infrastructure Pipeline (NIP) can be financed through asset recycling

India's digital infra invites global interest: Infosys's Nandan Nilekani

Open digital ecosystems will unlock opportunities worth $700 billion for India by 2030, across sectors like healthcare, agriculture, MSME education, urban governance, as per a report by ONI and BCG

'IBC is a road under construction,' says IBBI chairperson M S Sahoo

Referring to the pre-pack scheme of insolvency resolution for micro, small and medium enterprises (MSMEs), he says it takes three-six months for the market to understand a new framework

India's GDP likely to grow at 18.5% in Q1FY22: SBI report

The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap

Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

Asset monetisation pipeline: Govt used 4 methods to value Rs 6-trn assets

Experts say estimates should not be used as reserve price during bidding

Health portfolio continues to drive premium growth of non-life insurers

In the April-July period of FY22, the health portfolio has grown 34.2 per cent, which is significantly higher than the 9.9 per cent growth seen in the same period last year

India's exports to ASEAN seen at $46 billion in FY22: Minister

India is likely to record exports worth $46 billion to the ASEAN region, Minister of State of Commerce and Industry Anupriya Patel said on Tuesday

Govt eases norms for import of 1.2 million tonne GM soya cake

The government on Tuesday relaxed norms for import of 12 lakh tonne of genetically modified crushed and de-oiled soya cake, used as livestock feed.

India committed to work with US on clean energy: Environment minister

India stands committed to working with the US on clean energy, Union Environment Minister Bhupender Yadav said on Tuesday after a telephonic conversation with US SPEC John Kerry.