Page 651 - Economy & Policy News

Non-fossil fuel-based power generation capacity to be 68.4% by 2031-32

The plan was released today and consists of a review of the last five years (2017-2022) along with a detailed plan for the next five years (2022- 2027)

'Solid performance' to continue in FY24: CEA V Anantha Nageswaran

He said core and food inflation both came down, with a bumper harvest and healthy prospects for kharif season

Household consumption still weak, but private sector capex shows revival

On a nominal basis, gross fixed capital formation (GFCF), a proxy for infrastructure investment, contributed 29.2 per cent to FY23 GDP

Fiscal deficit comes marginally lower than 6.36% of FY23 target: Govt data

Non-debt capital receipts, primarily disinvestment receipts, fell short of the FY23 target by 13.5 per cent

India's GDP grows 6.1% in Q4, 7.2% in 2022-23; beats analysts' expectations

Manufacturing and construction sectors surprise on the upside

Growth of bank credit to industry decelerates in April to 7%: RBI

Loan to agriculture and allied activities improved to 16.7 per cent (y-o-y) in April 2023 from 10.6 per cent a year ago

Betting big: Global subsidy race puts a spanner in India semicon works

But other countries are also ramping up their chip manufacturing plans

GDP data shows Indian economy moving at faster pace, says experts

The Gross Value Added (GVA) growth in the manufacturing sector accelerated to 4.5 per cent in the March quarter as against 0.6 per cent a year ago

Union Cabinet approves CITIIS 2.0 with a focus on circular economy

To achieve these objectives, the PMU or programme management unit at NIUA will coordinate the provision of technical assistance and strategic support to state governments

National Electricity Plan: Coal to fall behind renewables by 2032

Power generation capacity likely to touch 900 Gw

Core sector output growth slows to six-month low of 3.5% in April

The growth rate of the index of eight core industries (ICI) during 2022-23 was 7.7% (provisional), the ministry said in a release

Record production of rabi crops push up agri growth to 3-year high in Q4

The production of mustard, the main oilseed grown during the rabi season, was projected at a record 12.49 mt, which is 4.43 per cent more than last year's

Three out of five large economies show pick-up in growth, shows data

The UK and Germany were among those who have been in the midst of a slowdown

India can look for another year of solid economic performance: CEA

Last week, Reserve Bank Governor Shaktikanta Das said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent

Rs 2,000 note withdrawal to add Rs 1.5 trn of deposits to banks: Expert

The rate cut may also be prompted because of the wide gap between the inflation number and the policy repo rate, which stands at 6.5 per cent, he said

ONDC to launch new incentive scheme on June 1, caps discounts at Rs 100

New strategy caps maximum discount at Rs 100 per order, compared to the earlier limit of Rs 125

Kerala govt raises ceiling on purchase of products from startups to Rs 3 cr

KSUM is the nodal agency of the Kerala government for entrepreneurship development and incubation activities in the state

GDP growth at 6.1% in Q4, 7.2% in full FY23; construction, agri surprise

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

India's import of discounted Russian crude hits all-time high in May

Russian oil supplies exceeded the combined shipments of the next six biggest shippers, including Iraq, Saudi Arabia, Mexico, UAE, Kuwait and the US in May

Free treatment worth Rs 61,501 crore given under AB PM-JAY scheme: Centre

Till date, 233.9 million beneficiaries have been verified and issued Ayushman cards for availing of free treatment under the scheme