Page 706 - Economy & Policy News

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

Export of tyres expected to rise by 15% in FY23, says ATMA Chairman

Export of tyres from India is expected to rise by 15 per cent in the ongoing fiscal, Automotive Tyre Manufacturers' Association Chairman Satish Sharma said on Tuesday

Govt taking steps to make India $5 trn economy 'at an early date': FinMin

The government informed the Rajya Sabha that it is taking steps to make India a $5 trillion economy earlier than the International Monetary Fund's forecast year of 2026-27

Unprecedented spike in inflation spurs calls for urgent data revision

Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling

India to continue with rate hikes despite global cenbank rethink: Analysts

India's headline and core inflation has been unrelenting, with data post market close showing annual retail inflation remained above the Reserve Bank of India's (RBI) upper limit, easing only slightly

Invoices, cheque payment not sufficient to claim ITC under VAT: SC

Apex court allows tax authorities' appeal against Karnataka High Court judgment

At 3.85%, India's wholesale inflation falls to lowest since January 2021

Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February

Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA

Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 2020

MSME competitive scheme part of efforts to strengthen sector: PM Modi

Under the revamped scheme, the Centre's contribution will be 90 per cent of the implementation cost for hand holding and consultancy fees as against 80 per cent previously

Russia remains India's main arms supplier but imports dip sharply

India has been the world's largest arms importer since 1993 and "tensions with Pakistan and China largely drive its demand for arms imports," the report added

Duty-free sunflower oil imports from Black Sea set to drop this year

India, the world's biggest vegetable oil importer, buys sunflower oil from the Black Sea region, which accounts for 60% of the world's sunflower oil output and 76% of exports

Retail inflation above 6% in February, may trigger another rate hike

CPI inflation has remained above RBI's tolerance level in 12 of the past 14 months

Manufacturing output in IIP still shows weakness as headline numbers grow

One reason for decline is muted domestic demand, particularly in rural areas due to high inflation

India, US, and Japan talk greater cooperation on 5G, telecom stacks

Telecom Minister Ashwani Vaishnaw's met with senior government figures from Japan, US over the weekend

Electric two-wheeler companies pencil in slow sales growth for FY24

For FY23, SMEV's projection was close to that of the government as it expected sales to be over 1 million