Page 617 - Economy & Policy News

Rajasthan govt to spend Rs 200 crore to ramp up infra in industrial hubs

However, a state-based trade body is not happy with the development being undertaken in industrial areas

Telecom secretary K Rajaraman calls for collaborative work for innovation

Telecom secretary K Rajaraman on Friday appealed to industry players to set aside their petty differences and work in collaboration for innovation

India's fuel demand slips by 3.7% in June as monsoon restricts mobility

Consumption of fuel, a proxy for oil demand, totaled 19.31 million tonnes in June, down from 20.06 million tonnes in May, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry

CEA Anantha Nageswaran outlines growth strategy in the time of polycrisis

CEA said that at a time when multiple routine tasks could be handled by technology and AI, India needed to adapt to these growth challenges in terms of the education system

FinMin tells PSBs to explore AI-powered collab in tech, HR training

A senior banking official said PSBs spent on technology upgrade in artificial intelligence and machine learning individually, which piled up the cost

All GST businesses will now have to geocode their addresses: GSTN

GST Network on Friday said it has geocoded 1.8 crore addresses of registered businesses and the functionality is now live for all states and UTs

GST Council meet: Stricter tax regime for tobacco items likely in phases

No consensus yet on retail sale price-based levy on some items

Govt, retailers, Indian toy makers to discuss ways to promote exports

The government will hold discussions with global retailers and domestic toy manufacturers on ways to promote toy exports from India in a meeting on Saturday, an official said

Kharif sowing falls 9% even as rains pick up across most parts of India

This gap may shrink as the monsoon gathers pace

Private players to get limited access to GatiShakti masterplan: DPIIT

The government will sit and look at various dimensions, especially with respect to information that is sensitive

EV two-wheeler sales dip 56% in June on FAME-II subsidy cut: Fada

Interestingly, the share of EVs in the overall two-wheeler sales for the month was seen at 3.5 per cent, compared to 7 per cent in May 2023 and 3.6 per cent in June 2022

Almost half of workers in India don't feel secure in their jobs: Survey

Job insecurity is a growing concern for workers worldwide, and in India 47 per cent of employees do not feel secure in their positions, says a survey

Plastic industry should focus on manufacturing quality, exports: Goyal

Commerce and Industry Minister Piyush Goyal urged the plastic industry players to focus on manufacturing quality and sustainable products with new technology and innovation

Industry welcomes MP govt's move to extend licence renewal period to 10 yrs

President of Association of All Industries Mandideep Rajeev Agrawal said the announcement will encourage industrialists to focus more on their business

MoD, HAL sign Rs 458 cr contract for two upgraded Dorniers for Coast Guard

The aircraft will be fitted with several advanced equipment including a glass cockpit, maritime patrol radar, electro-optic infrared device, and mission management system

Construction mkt shows positive outlook, tech enabling good returns: Survey

The Indian construction market exhibits a positive outlook with 84 per cent of respondents feeling optimistic about the sector compared to 66 per cent globally, a KPMG survey said on Friday

IMO adopts interim guidance on biofuels' use in shipping to cut emissions

The London-based IMO is a specialised agency of the United Nations which is responsible for measures to improve the safety and security of international shipping and to prevent pollution from ships

Global capability centres expand operations in India, hiring more IT talent

GCCs are expected to hire around 2.6 million people in India by the end of 2030, according to a report by EY

A quarter of 69,000 suspected GST accounts fake, reveals CBIC drive

During the two-month drive, authorities used artificial intelligence (AI) and data analytics to identify around 69,000 suspects, of which 17,000 were fake accounts

Govt looking to seek bids for ways to estimate size of digital economy

The IT ministry has floated a request for proposal seeking bids from agencies to provide an estimation of the size of the digital economy by reviewing the existing literature and methodologies