Page 508 - Economy & Policy News

Govt policy tailwinds to drive 15% CAGR in India's defence production

The government's ongoing policy push for import substitution and exports is a big propellent, driving the 15 per cent CAGR in India's defence production turnover

Palm and sun oil imports rise to record highs on rebound in consumption

Soyoil imports in the year fell 12% to 3.68 million tons as for most of the months it was trading at a premium over palm oil and sunflower oil

Delhi earns Rs 525 cr in Diwali with 30 mn liquor bottles sold in 2 weeks

"The sale of liquor picks up during festivals like Holi and Diwali in Delhi as it is not only bought for personal consumption and stocking but also for giving as gifts," a senior excise officer said

8th round of commercial coal mines auction to be launched on Nov 15

A total of 39 mines will be put on sale in the eighth round of commercial coal mines auction

Onion prices: All-India average rate at Rs 59.09 per kg in retail market

Onion is grown in three seasons -- kharif, late kharif and rabi. It is only rabi onion which is stored, as the variety grown in this season has a longer shelf life

Retail inflation eases to four-month low of 4.87% as food prices cool

The government has tasked the RBI to ensure the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side

Indian students in US for higher studies up 35% in 2022-23: Report

"We celebrate the strength of the Indian educational system that prepares students to compete globally and look forward to seeing India continue to lead," Garcetti said

Around 417 infra projects show cost overruns of Rs 4.77 trn in Sep: Report

Further, it stated that for 298 projects neither the year of commissioning nor the tentative gestation period has been reported

India's coal import surged 4% in September to 20.61 million tonnes

Of the total imports in September, non-coking coal imports stood at 13.89 MT, against 12.08 MT imported in September last financial year

Women-run garment manufacturing unit to open in Raipur by early next year

The factory to employ 1,000 women in the first phase will later be expanded to generate employment for over 2,000 women

Festive season sees record retail trade of Rs 3.75 trillion: CAIT

"Notably, almost only Indian products were sold and purchased this Diwali, which is remarkable," it stated

Procurement from GeM portal crosses Rs 2 trillion so far this fiscal

GeM portal was launched on August 9, 2016, for online purchases of goods and services by all the central government ministries and departments

Major ports log FY24's 1st double-digit cargo growth, shows IPA data

Coal, container boom sees cargo rising at 13% in October

Gandhigiri in recovery of bad loans

Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan

No nationwide caste census since independence, limited data available

An official nationwide caste census has not been conducted since Independence, numbers collected by private and government enti­ties as part of other data collection exercises provide some insights

Digital India Bill may have provisions against bundling, tying of services

With a chapter on Open Internet, the new bill would aim to ensure that internet-based services are provided in a non-discriminatory manner

Trade with Africa in excess of $100 billion, is fairly evenly balanced: EAM

The EAM said that in the last decade, a bulk of Indian embassies have also opened in Africa

Rupee touches lifetime low of 83.48 vs dollar after Fed's hawkish comments

Absence of RBI support might have pulled down rupee, say market experts

Samvat 2079: Gold and silver sparkle; crude oil on slippery slope

On the energy front, Samvat 2078 was a bull year as the war between Russia and Ukraine altered trade routes and supply equations resulted in a 12.5 per cent jump in the price of Brent crude last year

India's foreign exchange reserves hit seven-week high of $590.78 billion

RBI has bolstered its forex reserves to deal with potential eventualities, RBI Governor Shaktikanta Das said on Thursday, adding that India's current account deficit is "eminently manageable"