Page 721 - Economy & Policy News

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.

Interest rates to be at higher levels in FY24 as long as inflation is up

Credit rating agency Acuite Ratings and Research said the RBI will continue with monetary tightening and will hike the policy rate by 25 basis points

Govt slashes windfall tax on diesel to Rs 0.50 per litre, nil on ATF

The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has hiked to Rs 4,400 per tonne from Rs 4,350 per tonne, the order dated March 3 said

EPFO link programmed to deny benefits of SC order on higher pension: Union

The letter also highlighted "practical problems" being faced by the pensioners who are opting for higher pension options and said that the commissioner should take immediate action

Nano-DAP included in Fertilizer Control Order paving way for early release

DAP is the second most consumed fertilizer in the country after urea and out of the estimated annual consumption of around 10-12.5 mn tonnes; local production is around 4-5 mn tonnes, rest is imported

Raisina Dialogue: Jaishankar meets counterparts from France, Bangladesh

Taking to Twitter, Jaishankar said that he met Oman's Foreign Minister Badr Albusaidi, France's counterpart Catherine Colonna, Singapore's Vivian Balakrishnan and Bangladesh's Abdul Momen

Ministry of Agriculture approves launch of IFFCO's nano DAP fertiliser

Awasthi had said IFFCO would soon launch nano DAP at Rs 600 per 500 ml bottle, a move that would help India save foreign exchange and reduce government subsidy significantly

Foreign exchange reserves fall $325 million in a week to $560.94 billion

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks

Rupee records best one-day rise against US dollar in nearly 4 months

Adani-related flows, weaker dollar index push Rs up to one-month high

Current state of India-China relations abnormal: EAM Jaishankar to Qin

Jaishankar's first in-person meeting with Qin came on the sidelines of the G20 foreign ministers conclave amid the over 34-month-long border row in eastern Ladakh

It's a shame only Ukraine is of interest to G20: Russia's Sergey Lavrov

Lavrov said US President Joe Biden and NATO Secretary General Jens Stoltenberg had publicly stated that Russia must be defeated on the battlefield

Free markets may not create competition on their own: CEA Nageswaran

'Morality, ethics should undergird free-market economy'

Size of India's real estate industry to touch $1 trillion by 2030: Report

The size of the country's real estate industry is expected to reach $1 trillion by 2030 from $200 billion in 2021, according to a joint report prepared by NAREDCO and EY

Stress fund SWAMIH to help complete 80,000 homes in next 3 yrs: SBICAP

The government-backed stress fund for realty sector 'SWAMIH' has helped in completion of 20,577 homes so far and another 80,000 units will be delivered in the next three years

No proposal to increase sugar export quota from 6 mn tonnes: Food Secy

"The sugar production is going down by about 9 lakh tonnes, that is our estimate from the previous year. So keeping that in view, as of now there is no proposal to increase the export quota," he said

Quad members announce setting up of counter-terrorism working group

Following the meeting, the four ministers attended a session at the Raisina Dialogue and spoke largely about the convergence of interests of the Quad member nations

World Bank commits $1 bn to India for public healthcare infrastructure

The World Bank and India on Friday signed two complementary loans of USD 500 million each to support and enhance the country's healthcare infrastructure

MGNREGA: Why govt's app-based attendance system is facing protest

Rural Development Minister Giriraj Singh termed the recent measures steps to check corruption in the scheme and said the government would not compromise on transparency