Page 431 - Economy & Policy News
Highway construction to be around 12,000-13,000 km in FY24: Road secy
Road Secretary Anurag Jain says capacity augmentation, lane widening will touch a record high in FY24
 "Highway construction to be around 12,000-13,000 km in FY24: Road secy")
India's trade pacts with EFTA positive signal of economic integration: GTRI
Number of countries with comprehensive FTAs will go up from 22 to 28. In addition India has six small scope PTAs (preferential trade agreements)
 "India's trade pacts with EFTA positive signal of economic integration: GTRI")
India will not rush into signing free trade deals, says Piyush Goyal
The minister was responding to a question on India's trade negotiations with the UK and the European Union (EU) becoming more complicated
 "India will not rush into signing free trade deals, says Piyush Goyal")
WTO ministerial: Agri reforms to e-com, India to stand ground on key issues
India has found support from a group of developing nations at the WTO, including Africa on this issue. However, developed countries view this as a subsidy for farmers and as a distortion to trade
 "WTO ministerial: Agri reforms to e-com, India to stand ground on key issues")
India's GDP to grow at around 6.75-6.8% in FY25, says Bank of Baroda
The International Monetary Fund has projected the Indian economy to grow at 6.7%
 "India's GDP to grow at around 6.75-6.8% in FY25, says Bank of Baroda")
Fresh NPS adoption by companies rises 9% in December, shows NSO data
The corporate component of the scheme is voluntary in nature and includes people working in public sector organisations, private limited companies or public sector banks, among others
 "Fresh NPS adoption by companies rises 9% in December, shows NSO data")
India needs multi-pronged approach for ESDM sector, says PwC India
;Decisive policy action is the need of the hour,' said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'
 "India needs multi-pronged approach for ESDM sector, says PwC India")
Bullet train to transform Mumbai-Ahmedabad region, says Ashwini Vaishnaw
Vaishnaw also reviewed the progress of construction of the BKC station, which is the starting point of the Mumbai-Ahmedabad bullet train
 "Bullet train to transform Mumbai-Ahmedabad region, says Ashwini Vaishnaw")
India's forex reserves decline $5.24 bn to $617.23 bn, shows RBI data
Foreign currency assets, which constitute the largest component of the reserves, dropped USD 4.07 billion to USD 546.52 billion during the week under review, as per the latest data
 "India's forex reserves decline $5.24 bn to $617.23 bn, shows RBI data")
India has moved to 5th spot from 10th in world in terms of economy: FM
Claiming that the INDIA opposition bloc has disintegrated, Sitharaman said nothing is achieved by taking photographs
 "India has moved to 5th spot from 10th in world in terms of economy: FM")
India's oil imports hit record high in Jan on Red Sea delays, shows data
India's oil imports hit 5.24 million barrels per day (bpd) in January, up 17% from December and 3.5% higher than in the corresponding month a year earlier, according to the data
 "India's oil imports hit record high in Jan on Red Sea delays, shows data")
Hope nations will come to WTO meet with positive attitude like India: Goyal
It also provides a platform, where all the member countries hold dialogue or debate on different trade-related issues and come up with solutions
 "Hope nations will come to WTO meet with positive attitude like India: Goyal")
US dy secy of State meets Indian officials, discusses strategic partnership
Verma, the Deputy Secretary of State for Management and Resources, is the highest-ranking Indian American in the State Department
 "US dy secy of State meets Indian officials, discusses strategic partnership")
LS polls: Odisha extends farmers' welfare scheme 'KALIA' for another 3 yrs
The cabinet decided that eligible landless agricultural households that have already received all the instalments (Rs 12,500) will be provided with an additional financial assistance of Rs 2,000
 "LS polls: Odisha extends farmers' welfare scheme 'KALIA' for another 3 yrs")
India's stock market value to reach $10 trillion by 2030, says Jefferies
The nation's market, currently the world's fifth largest at $4.5 trillion, briefly overtook Hong Kong last month. Still, its weight in global stock indexes is below 2%
 "India's stock market value to reach $10 trillion by 2030, says Jefferies")
India should become green energy exporter by 2047 to attract capital: Kant
Addressing at the 'Raisina Dialogue 2024', Kant said today's challenge is climate change and the World Bank needs to become a climate bank
 "India should become green energy exporter by 2047 to attract capital: Kant")
Confident of consistent growth at 6-8% for next 10 years: Ashwini Vaishnaw
He cited Indian Railways - one of the largest rail networks in the world as a prime example where the public sector empowered with independence in decision-making has yielded effective outcomes
 "Confident of consistent growth at 6-8% for next 10 years: Ashwini Vaishnaw")
India on track to be $10 trn economy, set for 3rd largest slot: WEF prez
"The Indian economy is the fastest growing among all large economies of the world. We saw in Davos this year that there was a huge interest in India and I think this will only continue," Brende said
 "India on track to be $10 trn economy, set for 3rd largest slot: WEF prez")
Fresh formal jobs created last year fell nearly 10%, shows EPFO data
EPFO data shows 10.78 mn new users joined compared to 11.93 mn in 2022
 "Fresh formal jobs created last year fell nearly 10%, shows EPFO data")
Govt extends the interest equalization scheme until June 30, 2024
The scheme, inaugurated on April 1, 2015, was originally slated for a five-year duration until March 31, 2020
 "Govt extends the interest equalization scheme until June 30, 2024")