Page 669 - Economy & Policy News
For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg
The rise was sharper in the case of non-veg thali because chicken prices rose 55% between April and December
 "For a veg thali of Rs 100, Indians paid Rs 109 in 2022; Rs 132 for non-veg")
Chhattisgarh govt taking various measures towards women empowerment
According to the India Index report 2020-21 released by NITI Aayog, Chhattisgarh ranks first in terms of gender equality
 "Chhattisgarh govt taking various measures towards women empowerment")
14 social sector ministries integrated data with PM GatiShakti platform
As many as 14 social sector ministries, including Health and Panchayati Raj, have integrated their data on the PM GatiShakti National Master Plan platform, the commerce and industry ministry said
 "14 social sector ministries integrated data with PM GatiShakti platform")
States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23
The Centre has provided 50-year, interest-free loans to states to augment their capital expenditure requirements in the past three Budgets
 "States used Rs 82K cr of Rs 1 trillion capex support allotted in FY23")
CA, CS handling client money in PMLA ambit; FinMin notifies rules
Aim is to curb fraudulent practices
 "CA, CS handling client money in PMLA ambit; FinMin notifies rules")
Govt asks edible oil firms to cut cooking oil prices as global prices fall
The Centre on Thursday asked edible oil companies to cut the prices of cooking oils in line with the fall in global prices for the benefit of consumers.
 "Govt asks edible oil firms to cut cooking oil prices as global prices fall")
'Support replacing charter lending limit', says FM Nirmala Sitharaman
Met South Korean FM and invited other investors to take forward investment in India's infrastructure sector
 "'Support replacing charter lending limit', says FM Nirmala Sitharaman")
India amends power policy draft to halt new coal-fired capacity: Reports
The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, would make China the only major economy open to fresh requests to add significant new coal-fired capacity
 "India amends power policy draft to halt new coal-fired capacity: Reports")
Green hydrogen mission meet: Govt to seek funds for next-gen tech research
Biomass-based hydrogen generation will also be scaled up for commercial applications
 "Green hydrogen mission meet: Govt to seek funds for next-gen tech research")
37,011 route kilometres of tracks electrified in last 9 years: Railways
Over the last nine years, the Indian Railways has electrified 37,011 Route Kilometres (RKM) of tracks, the national transporter said Thursday
 "37,011 route kilometres of tracks electrified in last 9 years: Railways")
How are PPI wallets different from UPI? All that you need to know
PPI, or Prepaid Payment Instrument allows individuals to manage their spending without the need for a formal banking relationship
 "How are PPI wallets different from UPI? All that you need to know")
Additional 1.16% contribution for pension fund to come from employers: Govt
Labour ministry issues clarification about social security schemes run by EPFO
 "Additional 1.16% contribution for pension fund to come from employers: Govt")
India, Russia suspend negotiations to settle trade in rupees: Report
India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers
 "India, Russia suspend negotiations to settle trade in rupees: Report")
Adani Ports, Special Economic Zone sells Myanmar Port for $30 million
Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday said it has concluded the Myanmar Port sale for a total consideration of USD 30 million
 "Adani Ports, Special Economic Zone sells Myanmar Port for $30 million")
India to become 50% non-cash economy in consumption in 3 years: Report
Market borrowings by India's state governments are likely to be lower than the amounts indicated in their budgets, as off-balance sheet liabilities will continue to be adjusted in this fiscal year
 "India to become 50% non-cash economy in consumption in 3 years: Report")
India to become 50% non-cash economy in consumption in 3 years: Report
India is expected to become a 50 per cent non-cash economy in consumption in the next three years, with person-to-merchant digital transactions reaching over $1.5 trillion by FY26
 "India to become 50% non-cash economy in consumption in 3 years: Report")
India's exports may hit $900 bn despite global headwinds in FY24: Exporters
Merchandise exports could expand to between $495 billion and $500 billion, while services exports could touch $400 billion in the year ending March 2024
 "India's exports may hit $900 bn despite global headwinds in FY24: Exporters")
163 Indian companies invested $40 bn in US; created 425,000 jobs: Report
As many as 163 Indian companies have invested more than USD 40 billion in the United States so far which has created nearly 425,000 jobs in the country, according to a survey.
 "163 Indian companies invested $40 bn in US; created 425,000 jobs: Report")
Fierce war to bag AI talent shifts to India with salaries being doubled
An AI hiring frenzy is ricocheting around the world, from Silicon Valley to Europe, Asia and beyond
 "Fierce war to bag AI talent shifts to India with salaries being doubled")
Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%
Both benchmarks closed at their lowest since late March in the previous session, when they also recorded their biggest one-day percentage declines since early January
 "Oil extends loses by 5%, falls below $73 a barrel; Brent futures dips 3%")