Page 660 - Economy & Policy News

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

India, European Union talk the ongoing trade deal, market access

India and the EU had in April last year agreed to establish a "Trade and Technology Council", to tackle the challenges at the nexus of trade, trusted technology and security

Himachal Pradesh to cancel allotment of hydropower projects: CM Sukhvinder

Allotments of hydropower projects that have not started construction work despite taking one-time amnesty should be cancelled immediately and fresh advertisement should be published, said CM

NITI Aayog to use private investment route to set up nuclear reactors

NITI Aayog has pitched for establishing attractive financing frameworks such as blending finances and green bonds to attract private sector investment in setting up SMR to decarbonise energy sector

Himachal to invest 50% equity in ethanol project at Una: CM Sukhu

He directed the district administration to start land acquisition for the approach road from Bhanjal within 10 days

Centre to come up with new drug export policy after concerns around quality

Drug producers have up until now exported their products without any quality control directly to foreign nations after obtaining export permits

Exports saw sharp fall on decline in US and UAE share, shows govt data

Shipments to six of top 10 markets saw a decline in April

Manufacturing, rise in air travel to take India oil demand to 5.4 mb/d

A better-than-expected rebound in Chinese economic activity may further empower oil demand in Asia which should be complemented by the rise in domestic demand for air travel

India to contribute 16% to global GDP growth over 2023-24: Morgan Stanley

With Indian economy being a key contributor for Asian economic growth outperformance, the broad-based recovery in demand runs counter to the weakness seen outside Asia, said Morgan Stanley in a report

Import of PCs, medical devices, solar cells from China falls in FY23: GTRI

India's imports of electronic goods such as laptops, PCs, integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI

Implementation of guaranteed pension product delayed as talks continue

Pension regulator wants to make the product attractive for subscribers, sources say

Despite missing purchase goal, Centre's wheat stocks better than last year

But with the Covid-era free food grain schemes rolled back, the stock position may be more comfortable, even as exports have been banned

Centre to hire retirees in health, education sectors amid rising talent gap

The Centre could devise measures that encourage businesses to employ retirees through part-time work arrangements, an official said

Mamata to participate in May 27 NITI Aayog meeting to put state issues

"They will maybe let me speak after sunset and after everyone. Still, I will go. I have been escalating several matters related to West Bengal, and I will highlight those, the CM said

India cuts windfall tax on petroleum crude from Rs 4,100 per tonne to zero

Prior to this, the government announced the reimposition of the windfall profit tax on domestically produced oil from zero to Rs 6,400 per tonne. The government also scrapped the export duty on diesel

India's exports fall 12.7% in April; trade deficit at 20-month low

Demand scenario not 'very optimistic': DGFT

Centre extends Covid waivers for road contractors again, experts frown

Non-serious players entering highway bids may pose completion risks, researchers say

Govt assessing monetary impact of EU's carbon tariff set to hit in Oct

Sarangi also said that the government hopes to make substantial progress in the India-UK free trade agreement (FTA) in the 10th round of negotiations from 5-9 June in the national capital

Coal to stay important: Energy majors at 'Just Transition' meeting

Its share in power generation will fall but not at the cost of economic development: Power secy

Uttar Pradesh govt aims to double maize output to 2.75 mt in 4-5 years

Globally, maize is referred to as the "queen of cereals" owing to its high genetic yield potential among the cereal crops