Page 529 - Economy & Policy News

Share of realty recoveries under insolvency and bankruptcy code rises to 18.8%

Updates on Jaypee Infratech, Unitech, Supertech, Lavasa Corporation, Amrapali, D S Kulkarni, Three C Homes, Radius Estates, and others undergoing or having completed CIRP

Coal inventories in India drop at fastest pace in 2 years, boosting imports

While India's power demand typically peaks during May, unusually dry weather and an uptick in economic activity has boosted consumption this month

GST intelligence detects tax evasion of Rs 1.36 trillion so far in FY24

Between Apr 2020- Sep 2023, over 6,000 fake ITC cases reported

U'khand CM signs MoUs worth Rs 3,550 cr with industry groups in Abu Dhabi

In the presence of Uttarakhand Chief Minister Dhami, investment MoUs worth Rs 3550 crore were signed by the state government with various groups on the second day of the UAE tour

India, UK free trade deal unlikely to finalise by month end: Report

Both sides already missed the Diwali deadline last year former set by former UK Prime Minister Boris Johnson

Festival season gains momentum, leads to surge in airfares, hotel tariffs

Travel firms have also noticed a shift in the Visiting Friends and Relatives (VFR) trend usually seen during festivals

GDP to grow at 6.5-6.8% in FY24; festive, govt spends key drivers: Deloitte

The country needs 8-9 per cent economic growth to become a developed country by 2047, it added

Centre extends restriction on export of sugar beyond October: Govt order

Government sources told Reuters in August that the South Asian country would ban mills from exporting sugar in the season beginning October

Govt to ensure trusted supply chain for digital ecosystem: Official

These concerns were flagged in the meeting of the WTO Committee on Market Access. It was chaired by Renata Crisaldo of Paraguay on October 16 in Geneva

Govt identifies 300 initiatives for expansion targets under Maritime Vision

Tax sops for coastal shipping, incentives for PPP, PLI for green shipping on cards

Union Cabinet hikes dearness allowance, approves PLB for rail staff

The last revision of the dearness allowance was undertaken on March 24, 2023, and was effective from January 1, 2023

Centre hikes wheat MSP by 7% ahead of polls, highest increase since 2014

Wheat is a primary rabi crop in Madhya Pradesh and Rajasthan, which are slated to go to the polls in the upcoming weeks. Here, the BJP and the Congress are locked in a close battle

Poverty in India eased in '21, but was above '18 level: World Bank data

World Bank data shows poverty shot up to 176 mn in 2019 from 152 mn in 2018

India, UK negotiations in full swing for proposed FTA to bridge differences

Commerce Secretary Sunil Barthwal last week stated that the negotiations for the proposed trade agreement between India and the UK are at an advanced stage

PM Gati Shakti: 4 infra projects worth Rs 19,520 cr put up for approval

These four projects were assessed in the 57th NPG meeting on October 17

Govt revises down 2022-23 wheat output by 2.19 MT to record 110.55 MT

Unseasonal rains during the harvesting time have led to some loss, resulting in the revision of the crop estimate downward in the final estimate

Noida Airport a year away, but regional real estate dreams already soaring

'People are coming from all over India to buy land - Delhi, Agra, Meerut, Rajasthan, Mumbai'

India to advocate for food security, WTO reforms at upcoming Geneva meeting

The WTO Director-General urged officials to arrive in Geneva with "realistic expectations of what is truly doable" for MC13, rather than sticking to established positions

Power Grid to build Rs 20k-crore Green Energy Corridor-II in Ladakh

The GEC-II is an Inter-State Transmission System (ISTS) project aimed at connecting at least 13 gigawatts of forthcoming renewable energy projects in Ladakh

Brent hits $93 as escalating Middle East conflict heightens supply concerns

"This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM