Page 720 - Economy & Policy News

India is dangerously close to Hindu rate of growth, says Raghuram Rajan

Former RBI Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth

Over 91,000 retired employees apply for higher pension option: EPFO

However, the option to avail higher pension by the existing employees is still open till May 3

Govt likely to lower rail freight rates for coastal shipping of coal

Proposal aimed to ease pressure on rail network, improve coal dispatch during peak demand summer months

Per capita income doubles since '14 but uneven distribution a challenge

India's per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power but uneven income distribution remains a challenge

Ayushman Bharat Centre's scheme, cannot be converted by states: Mandaviya

Health Minister Mansukh Mandaviya said the Union government's flagship programme the Ayushman Bharat Health and Wellness Centres cannot be converted to any other scheme by state governments

Statsguru: Six charts explain labour scars from Covid-19 pandemic

The share of manufacturing in employment has risen since the previous report, but at 11.6% it is lower than the 12.1% seen in 2018-19

FMCG, dairy firms betting on strong double-digit sales growth this summer

Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season, according to top executives

Govt removes basic customs duty of 10% on whole tur to check local prices

The government has removed the basic customs duty of 10 per cent on whole tur or pigeon peas as part of steps to check the local prices of the lentil

No 'Bhoodan land' in 13 Bihar districts for distribution among poor: Panel

The Bihar government has so far distributed over 73,000 acres of Bhoodan land' among the poor in 13 districts and no parcel is available now for allocation in these areas, according to a report

65% women prefer investing in real estate, 20% stocks, 8% gold: Survey

Real estate consultant Anarock has conducted a survey that suggests that 65 per cent women respondents prefer to invest in real estate, 20 per cent in stocks and only 8 per cent of them in gold

Centre to daily monitor revenue receipts, expenses to check fiscal deficit

From March 1 onwards, the finance ministry has begun monitoring of revenue receipts like tax collections and even expenses, to control fiscal deficit in the current fiscal

Delhi Assembly session from Mar 17, Gahlot to present budget on Mar 21

Delhi Assembly's budget session will be convened from March 17 and the budget will be presented on March 21, officials said on Sunday

Indore's first municipal green bond a beacon for India's urban local bodies

The idea of floating the bond, which was oversubscribed 5 times on day-1 of launch, germinated five years back. The primary aim then was neither climate change nor an urge to save the environment

AP investors summit sees Rs 1.17-trn MoUs on Day 2; RIL inks Rs 50k-cr pact

Amongst the major investors, Reliance has signed one MoU with an investment of Rs 50,000 crore which will generate employment for 10,000 people

PM Modi to address webinar on 'Health and Medical Research' on Monday

Prime Minister Narendra Modi will address a post-budget webinar on 'Health and Medical Research' on March 6 via video conferencing.

India's Russian oil imports hit record high in Feb; more than Iraq, Saudi

India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia

US, Indian navies hold sixth meeting on aircraft carrier technology

However, the Indian Navy is keen to work with the US Navy and to pick up its operational practices and expertise in carrier-borne operations

Govt not in 'crazy rush' to sell everything: FM Sitharaman on privatisation

Speaking at the Raisina Dialogue, the minister said that the country will have government-owned professionally run companies in four broad strategic sectors

Goods and services exports may cross $750 bn-mark this fiscal: Piyush Goyal

He expressed confidence that by 2030, India's goods and services exports would touch $2 trillion

India's FY24 GDP growth rate predicted in 6-6.5% range by agencies

Indias economic growth for 2023-24 is estimated to be in the band 6-6.5 per cent by experts in various agencies with difference only in the decimal point.