Page 725 - Economy & Policy News

Domestic poultry industry to grow 8-10% in 2023-24, finds a report

Domestic poultry industry is expected to grow 8-10% in FY24, driven by volumes following stable demand, higher penetration of processed chicken as well as value-added products, a report said

Indian Energy Exchange trade volume falls 7% to 8,200 mn units in February

The total trade volume at the Indian Energy Exchange (IEX) declined seven per cent to 8,200 million units in February on an annual basis, due to lower availability of electricity

Explained: Why Indian consumers don't gain from Russian crude oil

Supplies from Russia come at a substantial discount to global prices, but Indian pump prices have remained unchanged for nearly ten months

Sikkim CM extends Rs 20,000 annual aid to 14,000 non-working mothers

Sikkim Chief Minister Prem Singh Tamang on Friday distributed cheques of Rs 20,000 each to 14,000 non-working mothers under the 'Aama Yojana'

Farmers rights to be protected during food processing modernisation: MoS

As the Centre moves to modernise the food processing sector of the country, it will also protect the rights and interests of farmers, MoS for Food Processing and Jal Shakti Prahlad Singh Patel said

Many employers think PLI schemes will boost job creation in 2 yrs: Report

Many employers expect hiring to increase over the next 2 years due to PLI schemes, under which fiscal incentives are being provided to several sectors to boost domestic manufacturing

Jharkhand govt tables Rs 1.16 trillion budget for FY'24 in Assembly

The Jharkhand government on Friday tabled a Rs 1.16 lakh crore budget for the 2023-24 fiscal in the assembly

India's forex reserves see a fall of $325 million to $560.94 billion

India's foreign exchange reserves dropped $ 325 million to $ 560.942 billion as of February 24, making it the fourth consecutive week of decline in the kitty, the Reserve Bank of India said on Friday

India has fewer movie screens per million people than peer economies

New additions, such as PVR's planned 200 screens a year, to bring country closer to parity; sharp rise in global cinema revenues expected by 2026

Implementation of some norms may perpetuate existing market dominance: CEA

Chief Economic Advisor said that implementation of certain regulations by regulators could perpetuate existing market dominance as he cited the data and privacy norms in the technology space

Chhattisgarh GSDP to grow by 8% at constant prices: Economic Survey

GSDP of Chhattisgarh at constant prices is estimated to grow by 8 per cent and the per capita income is likely to reach Rs 1,33,898 for the fiscal 2022-23, as per the state's Economic Survey

India's wheat output dented by heatwave, could limit govt stock building

The reduction in production amid a drop in inventories to the lowest level in 6 years may force the world's second biggest producer of the grain to allow imports after banning exports last year

India's macro stability indicators to improve in FY24: Morgan Stanley

"We expect CPI inflation to average 5.5 per cent (6.7 per cent in F23 estimates) and the current account deficit to track at 2.5 per cent of GDP in F24 (2.9 per cent in F23 estimates)"

Jharkhand govt tables Rs 1.16 trillion budget for FY24 in assembly

Members of the opposition BJP and AJSU Party staged a walk-out of the assembly during the budget speech by the state finance minister

Goa aims for 100% renewable energy usage across all sectors by 2050: CM

"This ambitious plan is expected to create around 15,000 additional jobs, with 500 jobs per year dedicated exclusively to the solar and wind energy generation sector, the chief minister said

High temperature unlikely to damage wheat crops: Food Secy Sanjeev Chopra

Food Secretary Sanjeev Chopra asserted that wheat crops are unlikely to get damaged although temperatures are little bit on higher side and exuded confidence of achieving a record output

We're building next-gen AI to become a global powerhouse: Chandrasekhar

Chandrasekhar said that artificial intelligence (AI) is a "kinetic enabler" of the digital economy and the government will infuse more of this disruptive technology into its 'India Stack'

Ambani, others bigwigs attend Global Investors Summit in Visakhapatnam

Speaking at the inaugural session, AP Finance Minister Buggana Rajendranath Reddy said the dream is not only to re-establish AP as the industrial hub of the India but of the globe

Foreign ministers of Quad countries meet in Delhi, reaffirm commitments

"Our meeting today reaffirms the Quad's steadfast commitment to supporting a free and open Indo-Pacific, which is inclusive and resilient," a joint statement said

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts