Page 1489 - Economy & Policy News

India's October-February sugar output jumps 20%, few mills close early

A few mills closed operations ahead of normal schedule, a trade body said on Wednesday

Rupee logs best single-day gain in 6 months on forex inflows, stocks rally

The rupee on Wednesday surged by 65 paise -- its biggest single day spike since September 2020 -- to end at 72.72 against the US dollar on the back of weakness in the American dollar and rise in risk appetite in the global markets.

Railways trial run of double-stacked dwarf container train successful

Railways has conducted a successful trial run of double stacked dwarf container train from Mehsana in Gujarat to Jawaharlal Nehru Port, a release said on Thursday.

Cabinet mulls hiking minimum support price for procuring raw jute

The Union Cabinet is believed to have considered a proposal to raise the support price for procuring raw jute during its meeting on Wednesday, according to sources.

CII asks Haryana to relook its Bill on 75% jobs for locals in pvt sector

Says at a time when it is important to attract investments at the state level, Haryana govt could have avoided imposing curbs on industry

Bengal's borrowing rises 4% to Rs 49,000 crore till Feb amid pandemic

The market borrowing by West Bengal in the 11 months of the current fiscal rose by four per cent

Power to administer new digital media rules not with states, UTs: Centre

The Centre has told all states and union territories that the power to administer the new rules on digital media publications has not been delegated to them

Pradhan seeks investment in port development on Odisha coastline

Pradhan on Wednesday urged investors to invest in development of ports in Odisha

No reduction in VAT on fuel, says Gujarat FM on state budget for 2021-22

State estimates GST shortfall of Rs 25,000 cr

Poll-bound states spend heavily this year amid ambitious Budget projections

But their Budget numbers are inclined to be overstated due to substantial revisions in revenues and grants shared by the Centre

Mozilla, Internet Society flag concerns over new crules

Concerns include increased surveillance

There is room for govt to cut excise duty on fuel without hurting revenues

The government has room to cut excise duty on petrol and diesel by up to Rs 8.5 per litre without impacting its target for revenue from the tax on the two fuels, analysts said.

50 global investors made their first Indian investment in 2020: Report

Indian private market is going strong with a record investment of $41 billion in 2020 despite Covid

Need of the hour is to reduce logistics cost: Commerce Minister Goyal

India cannot be competitive if this cost remains high, Goyal said

States pull out a stock of sops and promises to woo the disgruntled farmer

What's on offer: Separate agricultural budgets, free water, stepped up direct transfers and a lot more

Gujarat Budget: Rs 32,719 cr allocated to education, Rs 11,323 cr to health

Finance Minister Nitinbhai Patel allotted Rs 13,493 to urban development, Rs 5,494 crore for water resources

Cabinet nod to pact between India, Fiji for co-operation in agri sector

This MoU will come into effect on the date of its signing and will remain in force for a period of five years

Jan consumption, investment growth points to faster recovery for economy

The Indian economy seems to be moving on the path of faster recovery

Warehousing demand likely to grow 160%to reach 35 mn sq ft in 2021: Report

Warehousing demand is expected to grow around 160 per cent to reach 35 million square feet in 2021, if no further lockdowns occur, said a JLL report

Services PMI rises to 55.3 in February on boom in domestic demand

The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February