Page 252 - Economy & Policy News
Uttar Pradesh govt to unlock industrial land parcels in Noida, Gr Noida
Targets to amass land bank of 150,000 acres in three years
 "Uttar Pradesh govt to unlock industrial land parcels in Noida, Gr Noida")
Dec retail inflation eases to 4-month low at 5.22% on falling food prices
December CPI 2024: Inflation rates for rural and urban are 5.76 per cent and 4.58 per cent, respectively
 "Dec retail inflation eases to 4-month low at 5.22% on falling food prices")
India's role in Apple's success: The story behind Rs 1 trn iPhone exports
Apple is expanding its retail presence in India, the world's second-largest smartphone market, which is shifting towards premium devices, and ranks as Apple's fifth-largest market
 "India's role in Apple's success: The story behind Rs 1 trn iPhone exports")
Andhra Pradesh will be transformed into a green energy hub, says CM Naidu
Observing that revolutionary changes are happening across the country in fuel and energy, the CM said the southern state is very keen on using natural gas
 "Andhra Pradesh will be transformed into a green energy hub, says CM Naidu")
Centre likely to save over Rs 70,000 crore on expenditure in FY25
FinMin has parked Rs 62K cr towards "new schemes" with the DEA, most of which is expected to go unspent with only two and half months left in FY25
 "Centre likely to save over Rs 70,000 crore on expenditure in FY25")
Trump 2.0 era: Govt asks industries to identify import prospects from US
Major economies closely following Trump's moves
 "Trump 2.0 era: Govt asks industries to identify import prospects from US")
US sanctions on Russian oil supply chain pose challenge for Indian refiners
India's slowing economy is most exposed to the latest bans because refiners must pay much more to purchase alternative crudes from West Asia in the short term
 "US sanctions on Russian oil supply chain pose challenge for Indian refiners")
Statsguru: Are consumers paying exorbitant price for farm products?
While one may take various commodities to gauge the additional prices consumers pay over wholesale rates, here we have assessed seven commodities
 "Statsguru: Are consumers paying exorbitant price for farm products?")
Nepal to consider request to import specific dairy products from India
The deliberations included issues pertaining to mutual market access, intellectual property rights and customs duty, it added
 "Nepal to consider request to import specific dairy products from India")
Govt plans framework for weather advisory units for farmers shut last year
An official source told PTI that the Earth Sciences Ministry has also written to the Prime Minister's Office about the importance of reviving DAMUs and also voiced concerns related to their closure
 "Govt plans framework for weather advisory units for farmers shut last year")
Indian economy likely to remain 'a little weaker' in 2025: IMF MD
In her annual media roundtable with a group of reporters on Friday, she said global growth is expected to be steady in 2025, but with regional divergence
 "Indian economy likely to remain 'a little weaker' in 2025: IMF MD")
NFRA looks to enhance communication between auditors and audit panels
The first part of the interaction series draws auditors' attention to potential questions that audit committees or boards of directors may ask regarding accounting estimates and judgements
 "NFRA looks to enhance communication between auditors and audit panels")
Govt likely to conduct interviews for RBI deputy governor next week
Government panel consisting of RBI governor, Cabinet secy, DFS secy to interview candidates
 "Govt likely to conduct interviews for RBI deputy governor next week")
Centre releases tax devolution of Rs 1.73 trillion to state govts
A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures
 "Centre releases tax devolution of Rs 1.73 trillion to state govts")
Centre extends GST return filing deadline for GSTR-3B and GSTR-1
Additionally, the deadline for the October-December 2024 quarter has also been adjusted, with varying due dates for different classes of registered persons
 "Centre extends GST return filing deadline for GSTR-3B and GSTR-1")
National waterways to get Rs 50,000 crore investment over the next 5 years
According to the statement, the investment proposals were announced in Inland Waterways Development Council (IWDC) meeting at Kohora in Kaziranga
 "National waterways to get Rs 50,000 crore investment over the next 5 years")
Food, beverage, marine exports could hit $100 bn in 4-5 yrs: Piyush Goyal
Interacting with the food and beverage industry players, the minister also suggested the companies focus on quality, nutrition and sustainability
 "Food, beverage, marine exports could hit $100 bn in 4-5 yrs: Piyush Goyal")
Rupee hits 86 against US dollar for the first time, closes 14 paise lower
At the interbank foreign exchange, the rupee opened at 85.88, hit the intra-day peak of 85.85 before settling at the lowest-ever level of 86.00 (provisional) against the greenback, 14 paise lower from
 "Rupee hits 86 against US dollar for the first time, closes 14 paise lower")
India must lead in sunrise sectors to reach $32 trn economy by 2047: Kant
Addressing the 'Bharat Climate Forum 2025', Kant further said the US, Europe and India have lost the art of manufacturing, and this will have huge implications for the global economy
 "India must lead in sunrise sectors to reach $32 trn economy by 2047: Kant")
India's forex kitty declines $5.69 bn to $634.58 bn, shows RBI data
In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion
 "India's forex kitty declines $5.69 bn to $634.58 bn, shows RBI data")