Page 644 - Economy & Policy News

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

UP's debt burden to touch Rs 7.84 tn in FY 2023-24, 40% higher than before

Interestingly, the estimated public debt of Rs 7.84 trillion exceeds the UP annual budget of Rs 6.90 trillion by Rs 94,000 crore or nearly 14 per cent

WB's per capita debt at all-time high, economists fear debt trap situation

As on March 31, 2011, the accumulated debt figure was Rs 1,97,000 crore and the per capita debt figure was Rs 20,300

Banks wary of liquidity on ahead of the advance tax outflow and GST

VRRR mop-up equals to value of 85% of Rs 2000 notes returned

Capital expenditure by 54 large CPSEs, key depts rose 93% in April-May

NHAI and Railways start the capex cycle on a stronger note

AI won't be a threat to jobs for next 5-10 years: Rajeev Chandrasekhar

Minister says Digital India Act will regulate emerging tech, including artificial intelligence

Southern states have to play critical role in India's growth story: Kant

The country's economic growth should rise from the current 7 per cent to at least 10 per cent, which would result in overall increase in the per capita income, former NITI Aayog CEO Amitabh Kant said

Food regulator FSSAI proposes new category for 'low alcohol' beverages

Also, lays down ingredients of country liquor