Page 728 - Economy & Policy News

DoT to call OTT players, telcos to discuss usage charges, revenue sharing

Representations on the issue have been separate till now

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

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

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

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

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

'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

India bats for faster extradition of fugitive economic offenders at G-20

According to the Directorate of Enforcement, since 2014, the fugitive economic offenders are wanted in financial crimes involving thousands of crores of rupees

Union minister urges mining sector to contribute 2.5% in GDP by 2026-27

Addressing entrepreneurs and representatives of the mining sector, Joshi said the Indian Bureau of Mines, government and private mining entities should work towards this goal

Russia's TMH-RVNL JV emerges lowest bidder for 200 Vande Bharat trains

The second-lowest bidder for the mega contract is Titagarh-BHEL, which quoted a price of Rs 139.8 crore to manufacture one Vande Bharat train

RBI launches 2 surveys to gather 'useful inputs' for monetary policy

One of the surveys is to know inflation expectations of households and the other is to gauze the consumer confidence

Cabinet okays buying 70 HTT-40 trainer aircraft from HAL for Rs 6,800 crore

HAL says it will engage Indian private industry, including micro, small and medium enterprises (MSMEs), in its supply chain

Policy decisions see a disconnect as regulators remain headless

"It is not good governance practice and sends the wrong signals to the corporate world. The selection process should start three months before the incumbent retires. Bureaucracy needs to push harder"

Q3 GDP growth seems tepid only due to revisions made in earlier years: CEA

Comparing a data point that has been revised 3-4 times with another that is still called 'advanced estimate' isn't a cases if apples-to-apples but of apples-to-oranges, says V Anantha Nageswaran

Enforcement Directorate files charge-sheet in Halal investment scheme fraud

ED said that it has filed a charge-sheet before a special court in Bengaluru against Injaz International and partners for defrauding people by luring them to invest in a 'Halal' investment scheme

Close gender gap to increase global economic activity by $7 trn: Moody's

Closing gender gaps in both labour force participation and management in OECD countries has potential to raise global economic activity by 7%, or about $7 trn in today's dollars, said Moody's

February GST collections rise 12% to Rs 1.49 trillion: Finance Ministry

Normally February, being a 28-day month, witnesses a relatively lower collection of revenue, the ministry said

Demand remained muted despite the largely Covid-free festival season in Q3

Growth in private final consumption expenditure was down 7 percentage points from Q2

India's electricity consumption grows over 9% to 117.84 bn units in Feb

India's power consumption logged a year-on-year growth of over nine per cent to 117.84 billion units in February this year, according to government data

Petrol, diesel sales surge to double digits in February after winter lull

Petrol sales of state-owned fuel retailers jumped 12 per cent to 2.57 million tonne in February, as compared to 2.29 million tonne of consumption in the same period of last year