Page 438 - Economy & Policy News
Defence budget grows nominally, but fails to beat rising inflation
It covers spending on the so-called Central Armed Police Forces (CAPFs), which amount to over a million armed personnel under the Ministry of Home Affairs
 "Defence budget grows nominally, but fails to beat rising inflation")
India needs new cotton seed varieties for better productivity: House panel
The panel asked the textiles ministry to do a comprehensive study on how to increase cotton production
 "India needs new cotton seed varieties for better productivity: House panel")
MSME apparel makers may face losses up to Rs 7,000 crore in Q4: CMAI
Says retailers dropping order because of amendment to I-T Act on payment to MSMEs
 "MSME apparel makers may face losses up to Rs 7,000 crore in Q4: CMAI")
Paytm app may face a permanent loss of integrated mobile wallet feature
RBI unlikely to issue new wallet licence due to previous track record: Sources
 "Paytm app may face a permanent loss of integrated mobile wallet feature")
Overseas visits: Narendra Modi or Manmohan Singh, who travelled the most?
Data suggests that while Modi has spent fewer days abroad than his predecessor - 275 days versus Singh's 306 - he has travelled more widely and strenuously than any other Indian PM
 "Overseas visits: Narendra Modi or Manmohan Singh, who travelled the most?")
Gawar Construction looks to raise Rs 2,000 crore from maiden InvIT
Co looks to put 10 road assets for Rs 5250 crore
 "Gawar Construction looks to raise Rs 2,000 crore from maiden InvIT")
PM Modi's 2nd term: 27 overseas visits focused on foreign policy outreach
Mobility pacts that opened the door for Indian skilled labour were among key successes
 "PM Modi's 2nd term: 27 overseas visits focused on foreign policy outreach")
6x rise in demand for women apprentices in manufacturing sector: TeamLease
Auto, electronics sectors have become gender-agnostic in apprentices' recruitment for the shop floor: TeamLease
 "6x rise in demand for women apprentices in manufacturing sector: TeamLease")
India needs to grow at 9-10% for 3 decades to be $35 trn economy: Kant
"We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world," Kant said
 "India needs to grow at 9-10% for 3 decades to be $35 trn economy: Kant")
Commerce ministry to extend benefits under RoDTEP scheme to SEZ units
As SEZs and EOUs were kept out of the scheme list notified that time, the industry was demanding to include them in the scheme
 "Commerce ministry to extend benefits under RoDTEP scheme to SEZ units")
Meghalaya needs to sustain 11.5% GSDP growth to become $10 bn economy: CM
He said a thrust has been laid on improving rural economy by focusing on enterprises that will leverage the potential of the rich natural resources of the state
 "Meghalaya needs to sustain 11.5% GSDP growth to become $10 bn economy: CM")
Ayodhya to get investments of over Rs 10,155 cr from UP govt at GBC
Under the visionary leadership of Chief Minister Yogi Adityanath, Ayodhya has undergone a transformative journey towards development, making it an appealing destination for investors
 "Ayodhya to get investments of over Rs 10,155 cr from UP govt at GBC")
Himachal Budget: Losses of public sector firms hit Rs 5,143 cr in FY23
Cumulative losses of public sector enterprises in Himachal Pradesh stood at Rs 5,143.46 crore as on March 31, 2023 and 14 out of 23 such units were in the red, according to a state government report.
 "Himachal Budget: Losses of public sector firms hit Rs 5,143 cr in FY23")
Taiwan signs migrant worker MoU with India, seen as new source of labour
The ministry will formally notify lawmakers of the MOU and hold follow-up meetings with Indian officials, according to the statement
 "Taiwan signs migrant worker MoU with India, seen as new source of labour")
Cabinet nod for Rs 76K-crore Vadhavan Port soon: Sarbananda Sonowal
The estimate of Rs 76,220 crore is Rs 11,000 crore more than the previously approved amount by the cabinet. The project had been stuck in environmental regulations for the past two years
 "Cabinet nod for Rs 76K-crore Vadhavan Port soon: Sarbananda Sonowal")
Revamped SEZ law unlikely before the upcoming Lok Sabha elections
The commerce department had sought the Union Cabinet's nod to bring amendments in the existing SEZ Act, 2005 late last year
 "Revamped SEZ law unlikely before the upcoming Lok Sabha elections")
MGNREGA scheme led to decline in gender wage gap in rural India: ILO
The paper also noted that the gap in rural wages between formal salaried workers and casual workers also decreased due to the employment guarantee scheme
 "MGNREGA scheme led to decline in gender wage gap in rural India: ILO")
India, Taiwan sign migration agreement to strengthen bilateral cooperation
In order to strengthen the bilateral labour cooperation relations, Taiwan and India have signed an MoU, Taiwan's labour ministry said
 "India, Taiwan sign migration agreement to strengthen bilateral cooperation")
India is the third largest digitalised country in the world, says expert
The study is based on 'CHIPS' framework wherein it has scored countries on five pillars - connect, harness, innovate, protect and sustain
 "India is the third largest digitalised country in the world, says expert")
Legal views split on disclosure of political donations by India Inc
Before the amendment the Act required a company to disclose any amount contributed to any political party along with the particulars of the amount donated and the name of the receiving party
 "Legal views split on disclosure of political donations by India Inc")