Page 643 - Economy & Policy News

Need to develop new techniques to audit 'Blue Economy': CAG Girish Murmu

In order to fulfil their commitment towards sustainability goals in consonance with SDG 14 - Life below Water --, the governments are reorienting policies and regulatory structures

Multi-pronged policy action needed to reignite, sustain growth: RBI Dy Guv

Reserve Bank Deputy Governor has pitched for a multi-pronged policy response to reignite and sustain productivity and growth at a time when multiple factors which can influence the economy are at work

Centre to come up with a master app to check EV charging stations near you

The users will be able to discover the nearest EV charging station, book a slot in advance and make payments through the app

Productivity growth critical for recovery of emerging economies: Patra

Michael Patra, in a speech delivered at the Sixth Asia KLEMS Conference on Sunday, said it is widely believed that structural slowdown has been spreading across the global economy after growth peaked

Centre to come up with pre-filled GST return forms by year-end: Report

The consolidated form, being readied by the Central Board of Indirect Taxes and Customs, will allow the GST-payers to view all of their transactions as well as e-invoices

Concor disinvestment plan hits roadblocks, may be delayed indefinitely

Ministry of Railways has not shown interest in the proposed 30.8% stake sale

FLDG guidelines: Digital lending industry seeks increase in default cover

Several players say default cover of up to 5% of loan portfolio may not be enough when compared to 100% offered by companies to banking partners earlier

BPCL's Bargarh bio-refinery to invigorate circular economy: Pradhan

State-owned Bharat Petroleum Corporation Ltd's (BPCL) Bargarh 2G bio-refinery which will use rice straw to produce ethanol for mixing in petrol, Union Minister Dharmendra Pradhan said

'Missing the mark': Asset monetisation 18% short of target in FY23

Govt stays with Rs 1.79-trn target set by NITI for FY24

UAE emerges 4th-largest investor in India, FDI jumps over 3x in FY23

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23

Reeling under Rs 24,000 cr debt, Goa fails to disburse financial aid

The ruling BJP government in Goa which is dependent on borrowing loans to carry out developmental works in the coastal state, is reeling under a Rs 24,175.93 crore debt

Odisha govt confident public debt to stay within limit of 25% of GSDP

The debt level of Odisha is now within the stipulated limit and it is expected to increase by 4% by the end of financial year 2026-27

India has right vision for aviation sector, needs caution with taxes: IATA

India has the right vision and well-timed strategy for the aviation sector, especially with good economic growth and high population

Moody's sees India's GDP expanding 6-6.3% in Q1, flags fiscal slippage risk

Moody's said the Indian economy is expected to clock a 6-6.3 per cent growth in June quarter, and flagged risks of fiscal slippage arising from weaker-than-expected govt revenues in the current fiscal

FinMin starts deciding process on convenor of GST rate rationalisation GoM

The finance ministry has started the process of deciding on a new convenor of the GoM on GST rate rationalisation, sources said

Inflation, IIP data, US Fed decision to guide markets this week: Analysts

Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities

Unemployment rate dips 7.7% in May on decline in labour participation: CMIE

The unemployment rate in India fell to 7.7 per cent in May due to a decline in the labour participation at 441.9 million, according to a data released by private economic think tank CMIE

India's GDP growth for FY23 likely to be over 7.2%, says CEA Nageswaran

Private consumption as a share of GDP was at a 16-year high, the CEA added

FinMin on same page with RBI for FY24 growth forecast: CEA Nageswaran

"We also benefit from lower oil prices and overall domestic macroeconomic stability," he said

CAG cautions Gujarat against rising public debt and potential debt trap

This escalating debt, coupled with declining revenues, has ignited worry among opposition leaders and local experts