Page 520 - Economy & Policy News

India's lentils imports from Canada keep flowing despite tensions

Canada is India's main import source of lentils, a protein-rich staple used to make daal curry

India can reduce fossil fuel dependence, cut import by $29 bn via biogas

This upgraded biogas, known as biomethane, is pipeline-ready and can be integrated into gas grids as a non-fossil gas, she said

Festival season to bring some cheer to economy, say economists: Poll

Battered during the pandemic, consumption, which makes up for about 60 of Asia's third-largest economy has been slow to reach its pre-Covid levels

Millions more Americans were food insecure in 2022 than 2021: USDA report

"The report is a stark reminder of the consequences of shrinking our proven safety net," Agriculture Secretary Tom Vilsack said in a statement

EPFO's investible corpus crosses Rs 21 trn in FY23, ETF investments at 9.2%

Rise comes on the back of increased subscriber base over the past few years

Promoters up stake in Jio Financial; Blue Jet IPO subscribed 69% on day 1

The promoter holding in the Mukesh Ambani-led firm stood at 46.77 per cent, up 97 basis points from 45.8 per cent at the time of listing in August

India's tur, urad production might fall in kharif 2023, says BoB analysis

Production of rice, the largest cereal grown during the season, is expected to be more than last kharif

India negotiates for UK carbon tax concessions in proposed FTA deal

FTA talks in final stage, but some differences still remain

NITI Aayog to develop action plan to bridge trade deficit with China

The move also comes against the backdrop of simmering tensions between India and China since the Galwan clash in June 2020

Centre looks to meet freight corridor cost escalation from its own pockets

The executive added that the final cost structure will be ratified when the Union Cabinet approves the revised cost estimate

Online gaming companies get Rs 1 trn GST show cause notices so far

The GST Council had in August clarified that 28% GST would be levied on full value of bets placed on online gaming platforms

NPS adoption by govt sector at 5 month high in August, shows NSO data

Earlier, 85,586 new subscribers had joined the NPS in March 2023

Weekly Treasury bills' yield rise as bank liquidity deficit nears Rs 1 trn

The Reserve Bank of India set the cut-off yield on 91-day, 182-day and 364-day T-bill at 6.93 per cent, 7.14 per cent and 7.16 per cent respectively

Centre approves Rs 22,303 cr subsidy on P&K fertilizers for rabi season

The FY24 Budget had estimated the subsidy expenditure on non-urea fertilisers at Rs 44,000 crore for the 2023-24 financial year

India criticises safeguard measures on steel import by EU, UK at WTO meet

The comments were made by these countries during the meeting of World Trade Organisation's (WTO's) Safeguards Committee on Wednesday

Digital credit will add 1-2% to India's growth: Vaishnaw to Google team

He was speaking to the Google leadership on the sidelines of the Google for India event where Osterloh announced that the company's premium smartphone Pixel series will be made in India

PM Modi reviews progress of 8 projects worth around Rs 31,000 crore

PRAGATI is the multi-modal platform for Pro-Active Governance and Timely Implementation of the projects involving the Centre and states. It was the 43rd edition of the meeting

India's tourism challenge: Foreign arrivals remain below 2019 levels

CMIE data shows that in February 2020, just before the pandemic struck, 1.02 million foreign tourists had arrived in India. In August 2023, the number stood at 640,000

Tamil Nadu CM orders 4% DA increase for govt employees, teachers

The Chief Minister has ordered increasing the DA from the present 42 to 46 per cent from July 1 this year

Restaurant owners urge Maha govt to rollback 5% hike in VAT on liquor

"Tourism is a vital contributor to the country's economy, accounting for approximately 9 per cent of the GDP and employing over 12 per cent of the workforce