Page 677 - Economy & Policy News

India building 7,200 km transport corridor to counter China's BRI

The 7,200 km long International North South Transport Corridor (INSTC) connecting India and Russia is now rapidly coming to life after remaining a slow starter for years

Manufacturing PMI at 4-month high in April on robust demand for new orders

Producers have 'abundant opportunities to keep powering ahead': S&P survey

India's April factory activity hits 4-month high of 57.2 on robust demand

The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries

Expensive coal imports, logistics may result in higher electricity bills

An unnamed senior executive said that expensive imports combined with increased transportation costs may lead to an increase of 40 paise per kilowatt hour (kWh)

Statsguru: Is migration good for the economy? Here's what data shows

Demographic changes in recent decades have meant that there are fewer working age people to support the social security needs of elderly populations in rich countries

India to witness less job churn in the next five years: WEF report

Report says social jobs grew at a slower pace than non- social jobs in India

EFTA, India aim at building on existing work: Helene Budliger Artieda

EFTA received this proposal from India with an open and positive mind, says Swiss State Secretary for Economic Affairs Helene Budliger Artieda

Commerce Min urges export promotion council to meet targets set for FY23

The commerce ministry has asked export promotion councils to work on export targets for current fiscal year and chalk out a detailed road map to achieve that

Trade body seeks fast-track desk for project clearance in Rajasthan

According to an official of the industries department, 46 to 48 per cent of the pacts have been implemented or are in the advanced stage of implementation

Logistics clusters over 600 hectares on the cards in Uttar Pradesh

Besides, UP is also preparing a blueprint to achieve its ambitious goal of becoming a $1 trillion economy in the next 4-5 years

Centre may impose blanket ban on sugar export in the wake of rising prices

Govt plan follows less-than-expected production in 2022-23 season

Banking infra needs further strengthening in NorthEast: Bhagwat Karad

The government schemes on financial inclusion are doing well and there is an increase in credit growth by 85 per cent

India's core sector growth slows to five-month low of 3.6% in March

Output of 8 infrastructure industries registers 3.6% growth in March

Strategic Trade Dialogue: India, US discuss dual-use export controls issue

Dual-use goods can be used for both civilian military applications. Countries often impose export controls on dual-use items as well as military goods over national security concerns

Eight core sector industries post 3.6% growth in March; slowest in 5-month

The output of crude oil declined by 2.8 per cent, power by 1.8 per cent and cement by 0.8 per cent in March this year

At $584.25 billion, forex reserves ease from over nine-month highs

Reserves had gone up by a total of nearly $8 billion in the prior two weeks

National Pension System scheme: PFRDA issued guidelines for exit request

National Pension System issued a circular to upload Withdrawal/ KYC documents to enable parallel processing exit and annuity to benefit subscribers

India-UAE agreement: Easier norms for gold import on the anvil

During May-March (2022-23), out of 110 MTs TRQ of gold allocated, only 8.1 MT was imported

After a slow start, PLI scheme may switch on the afterburners in FY24

Rs 8,083 cr is expected to be disbursed this fiscal

Railway network in 14 states 100% electrified in FY23, Northeast lags

The data also showed that the Railways completed 90 per cent electrification of its BG network as of March 31