Page 708 - Economy & Policy News

Ownership rights of 123 Waqf Board properties rest with Centre: Puri

Days after absolving the Delhi Waqf Board from all matters pertaining to 123 properties, including mosques, dargahs, and graveyards, the Union Housing Ministry said the ownership vests with Centre

Fiscal slippage in FY23 likely as govt seeks to spend Rs 1.5 trillion more

The additional spending demands are led by fertiliser subsidy, defence pensions, allocation for Universal Service Obligation Fund (USOF) and GST compensation to states and UTs

State-owned IREDA gets Infrastructure Finance Company status from RBI

State-owned IREDA on Monday said it has received Infrastructure Finance Company status from the Reserve Bank of India

Domestic aluminum players need to invest to meet net zero target: ICRA

Domestic aluminium players would need to increase their renewable energy or low carbon-intensive power sources to meet their ambitious targets of 25% reduction in carbon emissions in the next 5-7 year

Coal imports fall by 25% in 3 yrs as India aims to up domestic production

Coal imports have seen a 25% fall in the last three years as India strives to increase domestic production and reduce dependence on imports

We hope RBI will opt for a pause on rate hikes: CII president Sanjiv Bajaj

Inflation is coming under control. You've got all the right tailwinds for growth. And so we hope that RBI will take a pause on rate hikes, says Sanjiv Bajaj, President, CII

ICAR announces 1st international conference with World Bank

The conference and exhibition will be inaugurated by Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare

India's economic recovery to help improve credit quality of fincos: S&P

However, the improvement will not be uniform; stronger firms will likely gain market share, weaker ones may resort to originate-and-distribute business models to tide over liquidity stress

Defence min signs Rs 934 crore contract for refit of Sindhukirti submarine

The defence ministry signed a contract on Monday for refit of the Sindhukirti submarine at the Hindustan Shipyard Limited at an overall cost of Rs 934 crore

23 of 55 high-priority DRDO projects missed deadline: Govt in Parliament

Twenty-three of the 55 high-priority projects being implemented by the Defence Research and Development Organisation could not meet their respective deadlines, the government informed Parliament

Delhi govt has no plan to revise power subsidy scheme, says Atishi

The Delhi government has no plan to revise its power subsidy scheme and it will continue without any restrictions of sanctioned load to consumers, Power Minister Atishi said on Monday.

India exported military hardware worth Rs 13,399 crore in current fiscal

India exported military hardware worth Rs 13,399 crore till March 6 in the current fiscal, a significant increase from just Rs 4,682 crore in 2017-18, according to official data

Defence procurement from foreign sources reducing, shows govt data

The expenditure on defence procurement from foreign sources has reduced from 46% of the overall expenditure in 2018-19 to 36.7% as per data till December last, according to government data

79% of employers keen to increase their apprentices intake in Jan-Mar qtr

Around 79% of employers polled are keen to increase their apprentice pool in the last quarter of this financial year in order to develop a strong talent pipeline

Slow RoW permissions from discoms dragging 5G rollout: telecom infra firms

The Digital Infrastructure Providers Association (DIPA) has also flagged only three major states aligning state policies with central right-of-way guidelines

Govt seeks Parliament nod to spend additional Rs 1.48 trillion in 2022-23

This includes additional subsidy outgo of Rs 21,000 crore for P&K (phosphorus and potassium) and Rs 15,325.36 crore for urea

EPF member accounts of 98% contributory firms updated till March 6: Govt

EPF member accounts of 98 per cent of contributory firms or establishments have been updated with the latest interest credit till March 6, 2023, Parliament was informed on Monday

Retail inflation eases marginally to 6.44% in February from 6.52% in Jan

Retail inflation: his is lower than 6.52 per cent in January but still above the Reserve Bank of India's upper tolerance limit of 6 per cent

Gujarat govt earned Rs 38,760 cr from taxes on petrol, diesel in two years

The Gujarat government earned Rs 38,730 crore from value-added tax (VAT) and cess on petrol, diesel, CNG and PNG in the last two years, the state legislative Assembly was informed on Monday.

Strong macroeconomic trends improve credit quality of finance cos: S&P

The credit quality of Indian finance companies will continue to improve owing to the country's strong macroeconomic trends, said S&P Global Ratings.