Page 705 - Economy & Policy News

First India chip fab to be announced in a few weeks: Ashwini Vaishnaw

The government had announced a $10 billion package to incentivise the manufacturing of chips in India in December 2021

Ukraine war: Is India complying with the Russian crude oil price cap?

Uncertainty about how much India pays is part of the murkiness around Russian oil flows more generally, as the trade shifts from the Atlantic basin to Asia and from large traders to smaller entities

Hiring intentions to remain marginally low in Apr-Jun quarter: Survey

Hiring intentions will remain marginally lower during the second quarter (April-June) this year as employers continue to have difficulty in finding people with the right skills, according to a survey

Govt to form high-level committee to fast-track infra along China border

The government on Tuesday decided to set up a committee of secretaries to fast-track implementation of infrastructure projects along the border with China

Not in favour of setting up Fiscal Council, Centre tells Rajya Sabha

The central government on Tuesday informed the Rajya Sabha said that it is not in favour of setting up a Fiscal Council as was suggested by the different Finance Commissions.

Too early to speak on impact of high temp on wheat crop: Agriculture Min

Union Agriculture Minister Narendra Singh Tomar said there has not been any effect seen so far on wheat crop due to high temperatures and it will be too early to say about the likely impact

External situation worsens as India aims to grow 6-6.8% in FY24

India may have to hugely rely on domestic consumption to drive growth as the external environment as cited above is facing a slowdown

India-European Union trade council's first ministerial meet by June

Last month, both sides constituted three trade working groups under the council that will cover key issues, such as strategic technologies, digital governance, connectivity and trade

WPI inflation eases to 25-month low in Feb as manufacturing prices cool

Inflation for manufactured items eased to 1.94% in Feb from 2.99% in Jan

Searing summer on the cards, all eyes on reservoirs, grain storage

Reservoir levels lower than last year but higher than 10-yr average; ample elbow room in grain storage for now

India exports wheat worth Rs 11,728 cr during Apr-Jan of this fiscal: Govt

The country has exported wheat worth Rs 11,728.36 crore during the April-January period of this fiscal year, the government said on Tuesday

Against popular belief, percentage of migrants have remained fairly stable

In India, broadly 29% of the population comprises migrants and surprisingly this number has remained fairly consistent since 2007-08 barring minor blips

Slow pace of capacity addition casts shadow over India's refinery targets

In short, India's energy security and the may both be on the line unless state refiners step on the gas

G20 nations need to push for growth amid debt crisis: Amitabh Kant

Kant said that governments can, at best, be facilitators and catalysts, and eventually, growth has to take place through production and productivity by the private sector

India's JAM trinity should be applied to Africa: Sunil Bharti Mittal

G20 forum to soon submit suggestions for African economic integration

Unified tariff structure for gas pipelines to start from April 1

Industrial customers transporting fuel over larger distances to now pay less

MoS IT Chandrasekhar to take up SVB-liked startups' woes with FinMin

The IT ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse with the finance ministry to help them navigate through the crisis and address the liquidity crunch

J&K got Rs 1,547 cr investment in 2022-23, says MoS Home Nityanand Rai

A record investment of Rs 1,547 crore has been received by Jammu and Kashmir in the current fiscal till January, Union Minister of State for Home Nityanand Rai said in the Lok Sabha on Tuesday

Par panel pulls up agriculture dept for surrender of Rs 44,016 cr in 3 yrs

The Parliamentary panel said corrective measures should be taken to ensure full utilisation of the budgeted amount

SCO countries agree to closely work together on emerging fuels

Move will see China, Russia, others collaborate with India on emerging fuel tech, energy modelling, and transition goals