Page 682 - Economy & Policy News

Huge delta of opportunities for investments in India: Goyal to French cos

According to the minister, young population, presence of huge talent pool and digital connectivity offer opportunities for investors

FM Sitharaman meets Yellen; discusses strengthening India-US economic ties

Sitharaman appreciated the multi-faceted India-US partnership and called for further cooperation in addressing global economic challenges, including climate change

MP to implement millet mission scheme in all districts for two years

A committee under the state agriculture production commissioner will be constituted to monitor the implementation of the mission, an official said

Russia's flagship oil is moving ever closer to $60 per barrel cap

The price of Russia's flagship Urals crude at the point of export is getting closer to the $60 limit, data from Argus Media Ltd. show

IMF warns it's too soon to sound all-clear on global financial turmoil

While forceful actions by policymakers to a series of bank collapses have reduced investor anxiety, the financial markets remain fragile and stressed, the IMF said

Govt to nudge PSBs to increase enrolments of its insurance schemes

Currently, active enrolments under PMJJBY and PMSBY stand at 83 million and 239 million, respectively, and claims of about Rs 15,500 crore have been paid under both schemes

EAM Jaishankar meets Ugandan counterpart Jeje, discusses bilateral ties

Jaishankar is on a two-nation visit to Uganda and Mozambique from April 10-15 to bolster India's robust bilateral relations with the two African countries

National Career Service portal lists record 3.5 mn vacancies in 2022-23

The reporting of vacancies on NCS in 2022-23 has shown an increase of 175 per cent over 2021-22

Power demand rises 7% in March quarter on robust economic activity: Report

The report also said that despite the drop in power demand in March, prices increased 13 per cent on-year in the fourth quarter of last fiscal

RBI announces guidelines to accept green deposits by banks, NBFCs

The central bank has identified nine sectors in which the proceeds from these green bonds must be used. They include renewable energy and green transport

CNG penetration to rise to 18% by 2027 from 11% in 2022, says Icra

ICRA said that the new gas pricing policy led to CNG prices declining to levels seen nearly a year ago, thereby providing relief to the consumers

India cenbank puts in place framework for acceptance of green deposits

RBIndia is putting in place a framework for the acceptance of green deposits to foster and develop an environment-friendly finance ecosystem in the country, which will come into effect from June 1

India deeply values strategic partnership with France: Piyush Goyal

The minister further noted that this year India is celebrating 25 years of partnership with France and 75 years of India's Independence

Govt relaxes wheat procurement norms in Punjab, Haryana, C'garh, Rajasthan

The government has relaxed the limit of shriveled and broken grains up to 18 per cent against the existing limit of 6 per cent under the uniform specifications

India to put across concerns of Global South at G20: EAM Jaishankar

Jaishankar said India would like to use the G20 presidency to get the forum focussed on its mandate which is global growth and development and issues important for Uganda

Why the European Union's CBAM is worrying for Indian steel exports

The mechanism will come into force in 2026, with a levy linked to EU carbon market price, on imported iron, steel, aluminum and other products

India's pension scheme review must prioritise fiscal prudence: Economists

Under this scheme, the burden of funding pensions fell on the government with no contribution from the employees

Interest rates may fall to pre-Covid levels in advanced economies: IMF

The IMF did not say, however, exactly when interest rates were set to fall back to lower levels

Revenge tourism, World Cup fever drive transactions in FY23: Razorpay

Spend on flight tickets grew by 83% and expenses on hotel accommodations nearly doubled in value compared to the previous financial year

Oil and Natural Gas Co to bet on deepwater oil as India seeks to cut import

India, with a fast-growing appetite for crude, is eager to reduce its fuel import bill and bolster energy security, and has encouraged companies like state-controlled ONGC to do more