Page 639 - Economy & Policy News
GST spurts fiscal equality: tax-GSDP ratio higher in poorer states
One reason for their gain is the Centre has transferred them much higher amounts than to bigger states
 "GST spurts fiscal equality: tax-GSDP ratio higher in poorer states")
For speed and safety on the tracks, Indian Railways has problems to solve
Repairs or maintenance of a railway line is unpleasant news to break to station controllers, who along with officials in divisions, guide thousands of rakes and trains every day
 "For speed and safety on the tracks, Indian Railways has problems to solve")
Retail price inflation for wheat, rice, jeera, tur remains on the boil
Government imposes limits on the quantity of wheat that traders, wholesalers can hold until March 31
 "Retail price inflation for wheat, rice, jeera, tur remains on the boil")
India gears up to start mega hydropower project near China border
State-run hydropower company NHPC Ltd. will start trial runs in July for the Subansiri Lower project that runs through the states of Assam and Arunchal Pradesh in the country's north-east
 "India gears up to start mega hydropower project near China border")
Madhya Pradesh is emerging as a hotbed for start-ups led by women
Women entrepreneurs run 1,140 of the state's more than 2,600 registered start-ups, according to data shared by micro, small and medium enterprises (MSME) department
 "Madhya Pradesh is emerging as a hotbed for start-ups led by women")
UP govt woos diaspora to expand pool of investment beyond big firms
The state is reaching out to its NRIs to contribute towards its socioeconomic development by making investments in different sectors, especially infrastructure.
 "UP govt woos diaspora to expand pool of investment beyond big firms")
GDP growth for FY 2023 was 7.2%, surpassing expectations, says CEA
CEA to govt on Monday said the real GDP growth for the year ending March 2023 was 7.2 per cent, which surpassed expectations, as the underlying momentum in the economy was quite strong
 "GDP growth for FY 2023 was 7.2%, surpassing expectations, says CEA")
Exim Bank projects merchandise exports to decrease to $111.7 billion
The Export Import (Exim) Bank India on Monday said the country's merchandise exports are set to fall to $111.7 billion for the April-June period amid continuing global volatilities
 "Exim Bank projects merchandise exports to decrease to $111.7 billion")
Sonowal holds meet to explore EXIM trade potential of Assam's Dhubri port
The govt remains committed to ironing out the issues faced by stakeholders to ensure that inland waterways remain a transformational force to bring positive economic development in North East region
 "Sonowal holds meet to explore EXIM trade potential of Assam's Dhubri port")
Centre imposes stock limits on quantity of wheat to cool down prices
Move comes despite agriculture ministry estimating a record production of the cereal grain this year
 "Centre imposes stock limits on quantity of wheat to cool down prices")
Retail inflation cools to over two-year low in May; IIP growth recovers
Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April
 "Retail inflation cools to over two-year low in May; IIP growth recovers")
Seeds of stagnation in Bt cotton: Can newer variants impact productivity?
Manufacturers said deferrals in introducing newer variants will seriously impact productivity
 "Seeds of stagnation in Bt cotton: Can newer variants impact productivity?")
Rupee-kyat trade arrangement negotiations may conclude by Jun-end: Myanmar
Early May, Adani Ports and Special Economic Zone (APSEZ) had said that it had concluded the Myanmar Port sale for a consideration $30 million
 "Rupee-kyat trade arrangement negotiations may conclude by Jun-end: Myanmar")
India's inflation is higher than other key developing economies, shows data
In its outlook on inflation last week, the RBI maintained that the headline inflation is to be shaped by food price dynamics
 "India's inflation is higher than other key developing economies, shows data")
Incentives on cards to increase LPG cover in remote, inaccessible areas
This includes hilly regions, forests, tribal inhabited areas, sparsely-populated places, disturbed areas, islands and Left Wing extremism (LWE)-affected areas
 "Incentives on cards to increase LPG cover in remote, inaccessible areas")
India's GDP reaches $3.75 trillion-mark in 2023, says Finance Ministry
CEA says it's time to catch up with the pre-pandemic trend
 "India's GDP reaches $3.75 trillion-mark in 2023, says Finance Ministry")
India, UAE looking at ways to expand trade in value-added gold products
India and the UAE are looking at ways to increase trade in value-added gold and gold products, Commerce and Industry Minister Piyush Goyal said
 "India, UAE looking at ways to expand trade in value-added gold products")
DGCA eases norms for Indian carriers launching new foreign destinations
Current 33-point checklist pruned to 10 points related to airlines' preparedness for intended operations
 "DGCA eases norms for Indian carriers launching new foreign destinations")
India-UAE aim to double non-oil trade to $100 bn by 2030: Piyush Goyal
Joint committee of officials from both sides to review terms of CEPA, which came into force on May 1, 2022
 "India-UAE aim to double non-oil trade to $100 bn by 2030: Piyush Goyal")
Centre imposes stock limits on wheat till March 2024 to check prices
The government on Monday imposed stockholding limits on wheat with immediate effect till March 2024 in order to contain rising prices of the key commodity. The ban on wheat exports will continue
 "Centre imposes stock limits on wheat till March 2024 to check prices")