Page 444 - Economy & Policy News

Telecom licence fee collection up 8.23% at Rs 5,326 cr in quarter ended Sep

Access service providers or mobile operators like Reliance Jio, Bharti Airtel, and Vodafone Idea accounted for 81.67 per cent of the total AGR

FinMin rejects proposal to double minimum pension amount under EPS

The central board of trustees (CBT) - the apex decision-making body of the Employee Provident Fund Organisation (EPFO) - was apprised of the rejection of the proposal in its latest meeting on Saturday

PM to distribute 100,000 appointment letters to recruits in govt depts

The Rozgar Mela is a step towards fulfilment of the commitment of the prime minister to accord highest priority to employment generation in the country

Centre can't help if states empty coffers via tall poll promises: Shah

The governments of West Bengal, Kerala and Karnataka recently held protests in the national capital alleging that they were not given their due share of funds, a charge refuted by the finance minister

'RBI plans tokenisation of assets, bonds under wholesale CBDC pilot'

"On the retail side, its technologies, how systems cope and how people behave are the focus areas. So we are not looking at volumes," Sankar said

On the cards: Automated reconciliation system to plug I-T mismatches

No documents needed; dept won't send notice

Technical norms for road planners get stricter, to get higher priority

Bidders will have to disclose deficiencies in the past

Army marches slowly to modernisation as Air Force, Navy lead in spending

A large part of Army's funds allocation goes towards meeting recurring expenses

White Paper record for posterity, a serious document: FM Sitharaman

She said the NDA government has the power and vision, which was lacking during the UPA's term

Readying a detailed road map for third term, says PM Narendra Modi

He said he's preparing a detailed roadmap to make India third-largest economy

RBI slams microfinance institutions for charging higher rates to borrowers

In 2021, the RBI had given full freedom to entities on interest rates to be charged for microloans by lifting the interest rate cap of 24 per cent put earlier

India continues to be preferred destination for FDI, says Piyush Goyal

'The material factor is that it (FDI) continues to come in. Very often when you see a very rapid growth on any statistic, you need some time for it to cool down also,' he said

Uttar Pradesh govt targets 1 million tonne capacity and 120,000 jobs

The state had received investment proposals worth Rs 2.73 trillion for green hydrogen plants from 20 companies at the UP Global Investors Summit in February 2023

Foreign exchange reserves rise to one-month high of $622.47 bn: RBI

The reserves rose by $5.74 billion in the reporting week, the biggest rise in nearly two months. Reserves had risen by $590 million in the prior week

UPA put 'family first', left India in 'dire straits' in 2014: FM Sitharaman

India is now on the way to become the third largest global economy, she said

Uncharacteristic of NBFCs to seek bank licences: RBI Dy Guv Rajeshwar Rao

'NBFCs have evolved as niche companies serving specific economic functions, and it is uncharacteristic of them to demand becoming like a bank': Rao said

2008 global financial crisis wasn't as serious as Covid-19: FM Sitharaman

A nearly 60-page White Paper was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday

India inflation likely cooled to 3-month low in January, shows survey

Inflation will average 5.4% this fiscal year and 4.7% in the next, a separate Reuters poll showed, close to the RBI's forecasts of 5.4% and 4.5%

Oil prices up 2% on Gaza ceasefire rejection, US fuel stocks data

The Brent benchmark breached $80 a barrel for the first time since Feb. 1 as it extended into a fourth straight session of gains

India, Maldives' officials discuss collaboration in trade, mutual security

Meanwhile, the Ministry of External Affairs (MEA) on Thursday said India will replace military personnel at aviation platforms in the Maldives with 'competent technical personnel'