Page 491 - Economy & Policy News
Govt limits additional spending to Rs 58,378 crore, eyes fiscal prudence
The government has set a fiscal deficit target of 5.9 per cent of GDP for FY24
 "Govt limits additional spending to Rs 58,378 crore, eyes fiscal prudence")
India plans to discourage ethanol production to prioritise sugar: Report
India's fuel retailers buy ethanol from sugar mills to blend with gasoline and they were paying higher price for ethanol produced from juice and B-heavy molasses
 "India plans to discourage ethanol production to prioritise sugar: Report")
Finance Commission confronts fiscal prudence challenges with minimal ToR
Experts say minimum ToR issued to avoid controversies and simplify state memoranda
 "Finance Commission confronts fiscal prudence challenges with minimal ToR")
Coal import drops 5% in Apr-Sep period to 125.21 MT: Govt in Parliament
"In the current year 2023-24, coal import up to the month of September 2023, was 125.21 MT, which is a decline of 5 per cent over the corresponding period last year," the minister said
 "Coal import drops 5% in Apr-Sep period to 125.21 MT: Govt in Parliament")
On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise
RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon
 "On a hat-trick: Will RBI Governor Shaktikanta Das throw another surprise")
Erratic rainfall, festive demand raised cost of veg thali 10% in November
The cost of a non-veg thali jumped 5% in November as compared to October: CRISIL's Roti Rice Rate index
 "Erratic rainfall, festive demand raised cost of veg thali 10% in November")
Govt likely to mandate e-invoice for B2C transactions in 2-3 years
Priya further said businesses with turnover between Rs 5-10 crore are not fully issuing e-invoices and CBIC officers have been nudging non-compliant businesses
 "Govt likely to mandate e-invoice for B2C transactions in 2-3 years")
India needs high economic growth to invest in energy transition: CEA
"(India) needs high economic growth to invest in energy transition. We basically need the time to move away from coal towards other fossil fuels, and later on towards other renewable energy," he said
 "India needs high economic growth to invest in energy transition: CEA")
India's economy to grow at 6.8% in FY24, accelerate to 7% in FY25: CII
According to CII President, India is in a "sweet spot", owing to various reasons, including the government's focus on infrastructure and the push for ease of doing business
 "India's economy to grow at 6.8% in FY24, accelerate to 7% in FY25: CII")
Bharatmala Pariyojana Phase I total expenditure at Rs 4.10 trn: Gadkari
In 2017, the Cabinet Committee on Economic Affairs (CCEA) approved BPP-I entailing development of 34,800 km of National Highway corridors with total outlay of Rs 5.35 trillion
 "Bharatmala Pariyojana Phase I total expenditure at Rs 4.10 trn: Gadkari")
Wide stakeholder consultations needed to frame national e-comm policy: Govt
The minister added that the government has implemented several legislative and policy measures for streamlining and regulating e-commerce industry in the country
 "Wide stakeholder consultations needed to frame national e-comm policy: Govt")
Despite subsidies, Budget maths sticks as Sitharaman enters home stretch
A crucial decision government has to take is whether to stick to the FY23 expenditure level or top it this year
 "Despite subsidies, Budget maths sticks as Sitharaman enters home stretch")
India's apple imports may rise after crop damage in Kashmir, Himachal
Country is the world's fifth largest producer of the fruit but rains and floods have hurt domestic yield this year
 "India's apple imports may rise after crop damage in Kashmir, Himachal")
High subsidy again skews fertiliser ratio in the kharif season 2023
Fertiliser subsidies account for 47 per cent of total govt subsidies for FY24
 "High subsidy again skews fertiliser ratio in the kharif season 2023")
Mumbai tops metros in reporting economic offences in 2022: NCRB data
Out of the total cyber crime cases recorded in the state last year, 2,530 were committed against women, which included 578 offences of cyber stalking/bullying, the report added
 "Mumbai tops metros in reporting economic offences in 2022: NCRB data")
Climate-resistant wheat sown in almost 85% area this year, says survey
Acreage was around 19 million hectares till last week
 "Climate-resistant wheat sown in almost 85% area this year, says survey")
India to drive Asia Pacific growth as China's fortunes wane, says S&P
On the other hand, China's growth is projected to slow to 4.6 per cent in 2026 from 5.4 per cent in 2023
 "India to drive Asia Pacific growth as China's fortunes wane, says S&P")
India, UK seek to wrap up trade negotiations before busy election year
It's the 13th round of negotiations on a deal intended to expand a trading relationship that was worth more than $24 billion last year
 "India, UK seek to wrap up trade negotiations before busy election year")
Most infra projects already sweat human capital in multiple shifts
Beyond 11 to 5, infra projects break limits, navigate local realities, industry execs react to N R N Murthy's fireside remarks
 "Most infra projects already sweat human capital in multiple shifts")
Rupee settles at record closing low of 83.39 against the US dollar
The Dollar Index, which measures the strength of the greenback against a basket of six major currencies, rose to 103.65, against 103.31 on Monday
 "Rupee settles at record closing low of 83.39 against the US dollar")