Page 428 - Economy & Policy News

Coal-producing states earn revenue of Rs 1.52 trillion in last 9 yrs: Govt

'During 2014-2023, total revenue from royalty, DMF & NMET of all coal-producing states through coal mining sector is Rs 1,52,696 crore,' the ministry said

Forex reserves jump by $2.975 billion to $619 billion, shows govt data

For the week ending February 23, the foreign currency assets, a major component of the reserves, increased by $2.405 billion to $548.188 billion.

India's Q3 GDP growth boosted by sharp fall in key subsidies: Report

Government data showed fertiliser subsidies in the October-December quarter declined by nearly 70% to 307 billion rupees ($3.7 billion) from the same period a year ago

GST mop-up grows 12.5% to over Rs 1.68 trillion in February: FinMin

The average monthly gross collection for the current fiscal stood at Rs 1.67 lakh crore, exceeding Rs 1.5 lakh crore in the last fiscal

Adani group plans to invest about Rs 75,000 crore in Madhya Pradesh

The planned Rs 75,000 crore will generate over 15,000 direct and indirect employment opportunities in a wide variety of industrial sectors across Madhya Pradesh

GDP growth in FY24 likely to be within striking distance of 8%: SBI report

Defying all estimates, the economy grew 8.4 per cent in the third quarter of 2023-24 after exhibiting more than 8 per cent growth in the preceding two quarters

National Highways Infra to debut private bond placement by April: Report

The company is a wholly-owned subsidiary of National Highways Authority of India and manages toll road projects

Nearly 97.62% of Rs 2,000 currency returned to the banking system: RBI

People can deposit and/or exchange Rs 2,000 bank notes at the 19 RBI offices across the country

Direct Benefit Transfer worth Rs 34 trn facilitated by PFMS: FM Sitharaman

PFMS is the management information system used by officers of the Indian Civil Accounts Service to maintain the accounts of the government

Centre released Rs 4,842 cr in tax devolution to Chhattisgarh: CM Sai

He also expressed his best wishes to the students appearing in the board examination and wished for their bright future, suggesting they write the examination without any fear

WTOs 5th day meet: Talks begin to break impasse over agri, fisheries issues

An official said talks are going on among the member nations on all the issues and India is clearly stating that it will not compromise the interests of farmers and fishermen

Feb manufacturing PMI rises to 56.9 on increased production, new orders

India's HSBC India Manufacturing PMI came in at 56.9 in February, the fastest since October last year when it was 55.5

Commercial LPG cylinder to become costlier by Rs 25 in India from today

Last month, before Budget 2024, the price of commercial LPG cylinders was hiked by Rs 14 in Delhi to Rs 1,770

Economy expands 8.4% in Q3; FY24 growth projection now up at 7.6%

The National Statistical Office (NSO), in its second advance estimates data released on Thursday, revised the FY24 growth estimate upward to 7.6 per cent, from the 7.3 per cent projected in January

Core sector growth hits 15-month low of 3.6% in January: Govt data

Coal output grew by 10.2 per cent, the only sector to retain a double-digit growth in January, compared to 10.7 per cent previously

Decoding GDP numbers: Consumption sluggish, govt capex powers investment

According to the latest gross domestic product (GDP) data released by the National Statistical Office on Thursday, private final consumption expenditure (PFCE) grew at 3.5 per cent in the December qtr

Govt hikes windfall tax on petroleum crude to Rs 4,600 a tonne from March 1

On Feb. 16, the government raised the windfall tax on petroleum crude to 3,300 rupees a metric ton from 3,200 rupees and hiked the tax on diesel to 1.5 rupees a litre from zero

NaBFID to sanction Rs 3 trn by March 2026 to support infra development

Out of the Rs 86,804 crore, 50% has been sanctioned with long tenure of 20 to 50 years

Economy on high growth trajectory due to sustained reforms: India Inc

Deepak Sood, Secretary General of Assocham, said India's stellar 8.4 per cent GDP growth for the third quarter of 2023-24 is indeed laudable

WTO MC13: India for review of Customs duty pause on digital goods

The issue came up for discussion at a session on e-commerce on the final day of the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13)