Page 659 - Economy & Policy News
New PLI scheme to attract global cos to India from China: Ashwini Vaishnaw
In a Q&A, the minister of communications says the new scheme for IT hardware also invites Chinese players to set up shop under the scheme if they adhere to its norms
 "New PLI scheme to attract global cos to India from China: Ashwini Vaishnaw")
India's G20 Presidency, opportunity for financial institution, says Bhalla
G20 Presidency is an opportunity for offshore wind countries, businesses, and financial institutions to work for clean energy transition ambitions, New & Renewable Energy Secretary Bhalla
 "India's G20 Presidency, opportunity for financial institution, says Bhalla")
Cabinet approves PLI Scheme 2.0 for IT Hardware with Rs 17,000 cr budget
The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive Scheme 2.0 for IT Hardware with a budgetary outlay of Rs 17,000 crore
 "Cabinet approves PLI Scheme 2.0 for IT Hardware with Rs 17,000 cr budget")
Countries need to integrate climate change in regional, global plans
Women and children are vulnerable to the effects of climate change in terms of their health and wellbeing, a top WHO official said
 "Countries need to integrate climate change in regional, global plans")
Current account deficit to narrow to $53 billion in FY24: Acuite Ratings
Credit rating agency Acuite Ratings & Research said it expects India's current account deficit to narrow to $53 billion in FY24.
PM Kisan Yojana's 14th instalment likely soon: Check if you are eligible
Under the PM Kisan scheme, eligible farmers get Rs 2,000 every three months, which is Rs 6,000 per year
 "PM Kisan Yojana's 14th instalment likely soon: Check if you are eligible")
India's diamond exports sluggish on weak US, China demand amid slowdown
India reported an almost 10% decline in cut and polished diamond exports to $22 billion in the financial year ended March
 "India's diamond exports sluggish on weak US, China demand amid slowdown")
India, EU to continue to work together on carbon border measures: Goyal
After first meeting in Brussels on Tuesday, co-chairs of trade and tech council will meet again in early 2024 in India to take stock
 "India, EU to continue to work together on carbon border measures: Goyal")
India's LNG buyers set for deal-making rush in win for Modi's gas push
That should help reduce their exposure to the volatile spot market - where prices surged to a record last year and made the fuel too costly for many buyers
 "India's LNG buyers set for deal-making rush in win for Modi's gas push")
Stubborn funding squeeze risks derailing India's economic recovery
After a surge in recent weeks, the weighted average call rate which Reserve Bank of India closely monitors, has shot above its policy rate ceiling of 6.75%
 "Stubborn funding squeeze risks derailing India's economic recovery")
India remains a bright spot, economy expected to grow 6.7% in 2024: UN
However, higher interest rates and weaker external demand will continue to weigh on investment and exports in 2023, it said
 "India remains a bright spot, economy expected to grow 6.7% in 2024: UN")
Crack down on 'resale' of Russia oil: EU foreign policy chief Josep Borrell
India has emerged in the past year as a top buyer of Russian oil following the war
 "Crack down on 'resale' of Russia oil: EU foreign policy chief Josep Borrell")
Russian firms investing rupee surplus in Indian govt debt: IBA chief
IBA chief Sunil Mehta is the first senior official to confirm that Russian funds in Indian banks were being invested into government securities as it gives them the advantage of easy liquidity
 "Russian firms investing rupee surplus in Indian govt debt: IBA chief")
Haryana enhances monthly allowance for dwarfs, eunuchs to Rs 2,750
He said the applicant will have to produce a certificate from a civil surgeon for availing the allowance under both the categories
Himachal govt taking prudent measures to boost rural economy: CM Sukhu
Chief Minister Sukhu said that the state government had started to fulfil the election promises made by the Congress party during state elections
 "Himachal govt taking prudent measures to boost rural economy: CM Sukhu")
DPIIT seeks GST rate reduction for certain segments of leather sector
Leather products exporters have also expressed resentment over the hike in the GST from 5 per cent to 12 per cent on finished leather
 "DPIIT seeks GST rate reduction for certain segments of leather sector")
US seeks enterprise-based probe into errant firms under IPEF deal
The US has also proposed possible business-academia tie-ups to increase the availability of skilled workers and consultations with business and worker associations to develop policies
 "US seeks enterprise-based probe into errant firms under IPEF deal")
FY24 national-highway construction a slow start due to unseasonal rain
Unseasonal rain dampens momentum gathered in March
 "FY24 national-highway construction a slow start due to unseasonal rain")
Firms paid more stipend to apprentices in FY22; Chennai tops list: Study
Agriculture field officer apprentices earned the highest monthly stipend, followed by those in retail sales and HR
 "Firms paid more stipend to apprentices in FY22; Chennai tops list: Study")
Dead heat for foreign investment as Congress takes charge of Karnataka
The party is expected to continues policies designed to woo the world's biggest industries
 "Dead heat for foreign investment as Congress takes charge of Karnataka")