Page 301 - Economy & Policy News

India expects 708 GW demand by 2047; 2,100 GW power generation capacity

As per official data, India's total power generation capacity stood at around 453 GW as of September 30, while the government's projection for peak power demand this year was 260 GW

India's coal import rises 11% to 121.1 million tonnes in Apr-Aug period

The country had imported 108.7 MT coal in the corresponding period of the previous year

Voltas among 38 applicants in PLI scheme's 3rd round for white goods

Among the applicants, 20 are for AC components (Rs 3,679 crore) and 18 for LED Lights (Rs 442 crore)

RBI pitches for reducing cost, time of cross-border overseas remittances

Under bilateral arrangements, cross-border payment linkages have already been established by India with Singapore, UAE, Mauritius, Sri Lanka, Nepal, etc

Indian markets gave better returns than China in last 5 years: Sebi member

On its part, the capital markets regulator is trying hard to ensure that fund-raising clearances are done early so that there is a steady stream of quality paper supply in the market

Inflation horse brought to the stable, has to be kept on a tight leash: RBI

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

Sharp spike in food prices bumps WPI inflation to 1.84% in September

Food price inflation surged to 11.53 per cent during the month compared to 3.11 per cent in August, data released by the Ministry of Commerce and Industry on Monday showed

States cut spending by 6%: Is public capex at risk of major slowdown?

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

India advances in 6G race, ranks among top six in global patent filings

Starting Oct 15, Delhi will host the World Telecommunications Standardisation Assembly providing a forum for delegates from 190 countries

Putting a leash: Govt likely to disband unit tracking pre-GST evasion

DGGI expects to complete investigation in all such cases by March

Govt imposes import curbs on parts of pocket lighters with immediate effect

During April-July this fiscal, import of lighter parts stood at $3.8 million. It was $4.86 million in 2023-24. The parts are mainly imported from China

Navi climbs UPI leaderboard for second consecutive time, now fifth largest

This growth follows the company's announcement in April that it would roll out cashbacks and rewards for customers using its UPI service

Food products and textiles top manufacturing employers, says survey

Data shows that the total number of operational factories in the organised manufacturing sector increased to 253,334 in FY23 from 249,987 in the financial year 2021-2022 (FY22)

Prime Minister internship scheme: Over 155,000 apply within a day

Shortlist of candidates identified by AI to be shared with firms on Oct 15

Statsguru: Formal manufacturing share falls, wage growth lags productivity

ASI and Annual Survey of Unincorporated Enterprises show that the combined share of manufacturing GVA in GDP stands at less than 10 per cent

India is Russia's no. 2 supplier of restricted tech, say US, EU officials

Indian exports of restricted items such as microchips, circuits and machine tools surpassed $60 million in both April and May

PM's internship scheme registers over 90,849 opportunities, says MCA

The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore

Minority report: Unemployment rate among religious minorities up in 2023-24

But was down from the pre-Covid year

Forex reserves breaks 7-week rising streak, stand at $701 bn as of Oct 4

In the period for which the forex reserves data pertains, the rupee had logged its worst week since May and had slipped 0.3% week-on-week

Srinivas gets additional charge as CEO of public procurement portal GeM

The government has given L Satya Srinivas, Additional Secretary in Department of Commerce, the additional charge of CEO of public procurement portal GeM.