Page 727 - Economy & Policy News
India's tech spends to revert to pre-Covid levels, says McKinsey
Pandemic has decoupled the GDP growth and tech spends, it says
 "India's tech spends to revert to pre-Covid levels, says McKinsey")
Crisis in multilateralism affecting developing nations most: PM at G20 meet
Modi also pointed out how global supply chains have broken down during times of stress and turmoil
 "Crisis in multilateralism affecting developing nations most: PM at G20 meet")
Health insurance cover increased to Rs 25,00,000 per family in Rajasthan
Expanding the ambit of beneficiaries, now the government will also bear the insurance premium of families of Economically Weaker Sections
 "Health insurance cover increased to Rs 25,00,000 per family in Rajasthan")
Investor summit to focus on investment in port-based industries, says Reddy
AP will focus on attracting investment in post-based industries in its maiden global investor summit to be held this Friday and Saturday, Chief Minister Reddy
 "Investor summit to focus on investment in port-based industries, says Reddy")
GDP growth may exceed 7% this fiscal, says CEA V Anantha Nageswaran
The growth in real GDP during 2022-23 is estimated at 7 per cent as compared to 9.1 per cent in 2021-22, the NSO had said
 "GDP growth may exceed 7% this fiscal, says CEA V Anantha Nageswaran")
Discussed pendency of Australian visa applications: Dharmendra Pradhan
The pendency of Australian visa applications from Indians has been discussed again at a bilateral forum, Union Education Minister Dharmendra Pradhan said on Thursday
 "Discussed pendency of Australian visa applications: Dharmendra Pradhan")
Taking several steps to create global brand for Indian tea: Comm Min
India has taken several steps to boost tea output, create a niche brand for the Indian tea and ensure the welfare of families associated with this industry, the commerce ministry said on Thursday
 "Taking several steps to create global brand for Indian tea: Comm Min")
Bengaluru govt presents Rs 11,158 cr budget for FY24, gives push to infra
Among the proposals are construction of 10 new city plazas in residential areas at a total cost of Rs 50 crore, Rayapura said in his budget speech
 "Bengaluru govt presents Rs 11,158 cr budget for FY24, gives push to infra")
Hike in LPG rates, power tariffs a blow to the middle class: Akhilesh Yadav
Samajwadi Party (SP) president Akhilesh Yadav has termed the increase in prices of cooking gas as another blow to the middle class, which is already reeling under the burden of rising prices
India-UK FTA can deliver practical biz benefits in both countries: Cleverly
UK Foreign Secretary James Cleverly said that UK and India, must work closely together to contribute to the world's economic security and prosperity
 "India-UK FTA can deliver practical biz benefits in both countries: Cleverly")
Feb GST collection up 12% YoY to Rs 1.49 trn, dips month-on-month
With this, the monthly GST revenues remained over Rs 1.4 trillion for 12 straight months
 "Feb GST collection up 12% YoY to Rs 1.49 trn, dips month-on-month")
European Union's carbon tax may hurt metal exports, says GTRI report
"High tariff walls will disrupt world trade," the think tank said
 "European Union's carbon tax may hurt metal exports, says GTRI report")
Corporate sector can cut emission intensity of GDP by further 5.6% in 2030
The Bureau of Energy Efficiency will administer India's carbon trading framework, which is getting ready for its rollout
 "Corporate sector can cut emission intensity of GDP by further 5.6% in 2030")
DoT to call OTT players, telcos to discuss usage charges, revenue sharing
Representations on the issue have been separate till now
 "DoT to call OTT players, telcos to discuss usage charges, revenue sharing")
Moody's ups India's growth projection for 2023 to 5.5% on higher capex
Moody's Investors Service raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget
 "Moody's ups India's growth projection for 2023 to 5.5% on higher capex")
Coal production increases by 15% to 784 mn tonnes during Apr-Feb 2022-23
Coal India Ltd (CIL) reported production of 619.70 million tonnes up to February 2023 as compared to 542.38 million tonnes during the same period of the last fiscal, an increase of 14.26 per cent
 "Coal production increases by 15% to 784 mn tonnes during Apr-Feb 2022-23")
Domestic cooking gas prices rise by Rs 50, at highest level since Feb 2014
The state-run companies also raised commercial LPG rates by Rs 350 for the 19 kg commercial cylinders, which now costs Rs 2,119 per refill in Delhi
 "Domestic cooking gas prices rise by Rs 50, at highest level since Feb 2014")
Manufacturing PMI at a 4-month low of 55.3 in Feb as input costs rise
The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production
 "Manufacturing PMI at a 4-month low of 55.3 in Feb as input costs rise")
Voluntary star labelling for multi-door fridge, induction hobs launched
Power and New & Renewable Energy minister on Wednesday launched Voluntary Star Labelling Programme for multi-door refrigerators, table- and wall-mounted fans, pedestal fans, and induction hobs
 "Voluntary star labelling for multi-door fridge, induction hobs launched")
'Developing, developed nations must have different goals on sustainability'
India's partnership with the UK and the EU is significant in the global effort to make the planet safer and greener, Piyush Goyal said
 "'Developing, developed nations must have different goals on sustainability'")