Page 645 - Economy & Policy News

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

CEA says Universal Social Security may create perverse incentives

Chief Economic Advisor V Anantha Nageswaran dismissed the idea of Universal Social Security, saying it will create a ground for perverse incentives for people

How FAME scheme changes impact electric vehicle fortunes in India

Sharp cutbacks in the incentive scheme is likely to put the brakes on this market

India is open to negotiate trade agreement with Africa: Piyush Goyal

India has expressed interest in negotiating a free trade agreement (FTA) with Africa with an aim to boost economic ties between the two regions.

Domestic GDP growth on firm footing, growth slightly revised upwards: SBI

Country's largest commercial lender SBI said that domestic GDP growth is now on firm footing with urban demand showing good traction, while the lagging rural demand is a cause of concern

India planning fewer annual GDP estimates to avoid confusing markets

The proposal is being discussed between the ministries of statistics and finance as well as top officials from Prime Minister Narendra Modi's government

RBI needs monsoon to deliver before weighing rate cuts in next MPC meet

The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over

Expansion plan for one of world's biggest coal mines challenged in India

Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate Coal India Ltd's ability to win approvals to expand annual capacity to 70 million tons

IBBI proposes changes to voting on bids for bankrupt companies under IBC

IBBI has also proposed to increase the fee of the AR to be commensurate with the increased duties to double the current levels

Monetary policy: RBI maintains status quo, turns hawkish on inflation

Central bank keeps growth projection for FY24 unchanged at 6.5%

Monetary policy: RBI defines technical write-offs for regulated entities

Will provide further impetus to resolving stressed assets, rationalising and harmonising instructions

Easy trade finance system key to achieve $2 trn export target by 2030: DGFT

Traders and the government have to work on the issue of obtaining easy finance both for domestic and cross-border trade

Cap subsidised fertiliser bags, overhaul PM-AASHA scheme, says CACP

It also sought to bring urea under the nutrient-based subsidy regime

Half of Rs 2,000 banknotes in circulation back in system: RBI Governor

There were 1.81 billion pieces of Rs 2,000 bank notes in circulation as on March 31, comprising 1.3 per cent in total circulation in volume terms.

MPC meeting: Continued pause on policy rate to push growth, says industry

The MPC voted 5 members to 1 to remain focused on the withdrawal of accommodation

FAME-II subsidy block: SMEV reaches out to govt for Rs 3K-crore rehab fund

The industry body has maintained the subsidies withheld and due to various electric two-wheeler (E2W) manufacturers amount to over Rs 1,200 crore

Monetary policy review: CBDC QR codes likely to be interoperable with UPI

RBI plans to have 1 mn active customers by June-end

RBI monetary policy review: Focus back on primary target; inflation at 4%

10-year bond yield climbs 4 basis points

Hiring slows down by 7% in May YoY, as companies cut expenses: Report

Hiring activities have slowed down by 7% in May compared to the same month last year mainly due to companies adopting cautious approach to cut expenses on the back of economic slowdown, a report said