Page 593 - Economy & Policy News

Raj CM clears packages for 7 projects to boost investment of Rs 24,681 cr

The proposals approved in the fifth meeting of the Board of Investment will create employment opportunities for more than 10,000 people

Cabinet approves Rs 14,903 cr for AI, cybersecurity, digital skilling

As announced earlier, the government plans to build three Centres of Excellence (CoE) for the development of AI research and innovation ecosystem in the country

Talks on to set up grid interconnection with Singapore, UAE: Power Minister

The minister said that India is also working on strengthening its power trade infrastructure with neighbouring countries such as Nepal, Bhutan, Myanmar and Bangladesh

Jute industry revenue to drop 5-6% on weak overseas demand: Report

Domestic demand will be stable because of steady orders for bags used to store grain, says CRISIL Ratings

Tomatoes on 'vacation' as India battles food inflation, says Burger King

"Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall

ADB approves $40.5 mn loan for Meghalaya early childhood development scheme

The state government is contributing USD 15.27 million to the project, the multilateral funding agency said in a statement

Govt approves Digital India project's extension with outlay of Rs 14,903 cr

Cabinet on Wednesday approved extension of Digital India project with an outlay of Rs 14,903 crore, Union minister Ashwini Vaishnaw said.

Govt approves Rs 13,000 cr PM Vishwakarma scheme, will benefit 3 mn workers

Under the scheme, craftsmen will be provided a subsidised loan of Rs 1 lakh in the first tranche, and another Rs 2 lakh in the second tranche

PM-eBus Sewa: Cabinet approves Rs 57,613 cr for 10k e-buses across cities

10,000 e-buses will be deployed on a public-private partnership model across 169 cities

What is a developed country, a status India is aiming to achieve by 2047?

PM Modi, in his Independence Day speech on Tuesday, also said that India would become the third-largest economy during his third term

India's fuel sales slow down due to monsoon rains, shows prelim data

Fuel demand in India, the world's third-biggest oil importer and consumer, typically falls during the four-month monsoon season beginning in June as parts of the country are affected by heavy floods

Govt to provide drone training to 15,000 women led-SHGs, says PM Modi

The one thing that will take the country forward is women-led development, he said

Sectoral earnings dashboard: Auto takes the wheel, banks ride shotgun

IT services, a growth driver, showed a revenue and profit slowdown, ranking third in net profit after banks and oil firms

China skips update on surging youth unemployment as economic slump deepens

China's government skipped giving an update on a politically sensitive spike in unemployment among young people as official data Tuesday showed an economic slump deepened in July.

Govt to launch Vishwakarma Yojana for skilled traditional craftsmen

Besides, the prime minister in his speech also stressed upon the need for harnessing the demographic dividend and for creating a future ready skilled workforce

Govt to take more measures to lower the burden of inflation: PM Modi

Data released on Monday showed the retail inflation galloped to 7.44 per cent in July from 4.87 per cent in the preceding month on the back of skyrocketing prices of vegetables

Poor, middle-class to get interest relief on loan to build houses: PM Modi

Prime minister said that the government will provide interest relief on loans from banks that will help them save lakhs of rupees

Foxconn sees opportunity to invest several billions of dollars in India

"Foxconn annual revenue was $200 bn. From the perspective of India's potential market size and if we can fully implement our plans there, several billion dollars in investment is only the beginning"

India's imports from Russia doubled to $20.45 bn in April-July period

From a market share of less than 1% in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40%

How Mines and Mineral Bill 2023 clears roadblocks for private investment

With the node, the country is set to see an influx of private capital and technology for improved exploration and production of critical and deep-seated minerals