Page 475 - Economy & Policy News

Govt to halve oil refiners' FY24 energy transition equity support: Report

State-run Bharat Petroleum Corp and Hindustan Petroleum Corp aim to end net carbon emissions from their operations by 2040, and Indian Oil Corp has set a target for 2046

Indian economy outperforming peers, projected to grow at 6.2% in 2024: UN

The UN report notes that economic growth in India is projected to remain strong at 6.2% this year mainly supported by resilient private consumption and strong public investment

Chinese brand Transsion rings a bell in India's smartphone market

In 2023 (CY23), Shenzhen-based Transsion won 8.6 per cent of the Indian smartphone market, according to data from Counterpoint Research

Proposed India-UK FTA: Social security impasse prolongs negotiations

India is pushing for a social security pact in the proposed deal, considering that the UK is its second-largest service export destination after the US

Underspending by key ministries may help govt achieve FY24 deficit target

According to latest data released by the Controller General of Accounts (CGA) the 15 departments have cumulatively spent only 17.8 per cent of the Rs 1.45 trillion allocated in the Budget

No reason for high tariffs on cars from UK, EU: Maruti Suzuki's RC Bhargava

Maruti Suzuki chief says costs of many models 20-30% lower in India

Red Sea region conflict: No major threat to India's fuel supplies

Petroleum Minister Hardeep Puri said there had been no disruption in supplies due to the attacks by Houthi rebels on oil tankers transiting the Suez

Large merchants may have to pay reasonable fee on UPI payments: NPCI chief

NPCI chief says move may bring in other players

India's economy likely to grow nearly 7% in FY24, say economists

First Advance Estimates for 2023-24 would be released by the NSO today

Govt to undertake third party assessment of white goods PLI: DPIIT Secy

The assessment will be to see whether the stated objective of the scheme-that intends to make India a manufacturing powerhouse-has been achieved

India will be self-sufficient in pulses by December 2027, says Amit Shah

Cooperation Minister launched a tur dal procurement portal for farmers to sell their produce better

RBI directs issuers to specify utilisation of funds raised via NCDs, CPs

Revised guidelines are aimed at improving transparency and safety of money markets

India's rapid progress under Modi improved global ties: Global Times

China's Global Times says India has rapidly shifted toward a 'great power' strategy

Brewing trouble: Darjeeling tea hits 8-year low in auctions, shows data

A major producer pointed out that auction prices were impacting private sale prices

India is at inflection point; structurally on high growth path: PK Mishra

Mishra said it was an appropriate time to reflect on the recent developments in the global and Indian economy, and what the future may hold for the country

Toys to have major share in Walmart's $10 bn Indian exports target: DPIIT

The company has earlier informed toy makers about their requirements and expected quality standards

Semiconductor: The new driver of geopolitical balance, economic growth

Semiconductors stand as the linchpin of a modern technological landscape, with their significance across a myriad of industries, from automobiles to aerospace, defence, and healthcare

India will have to eventually move to lower customs duty regime: DPIIT

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that tariffs are not really considered a revenue source

Hiring expected to recover in 2024; likely to witness 8.3% growth: Report

December witnessed a 2 per cent growth in hiring, the foundit Annual Trends Report said

Commerce department takes stock as ongoing Red Sea crisis intensifies

About 15 per cent of world shipping traffic transits via the Suez Canal, the shortest shipping route between Europe and Asia