Page 735 - Economy & Policy News

EPFO's new guidelines: How can employees opt for higher pension under EPS?

The employer and the employees will have to jointly request the EPFO to deduct 8.33% from a higher basic salary and will be able to accumulate more money towards pension

Telcos' body COAI bats for 5G spectrum, says mid band 6GHz airwaves needed

COAI on Tuesday made a strong pitch for setting aside mid band 6GHz spectrum for mobile operators and delicensing it to "use for all" will impact quality and cost of next-generation services

Banks request RBI to extend reporting time frame for loan related fraud

The framework mandates that banks report fraud to the RBI CRILC within a week of the joint lenders' forum (JLF) declaring an account fraudulent

India needs Rs 33,750 cr to set up Li-ion cell, battery mfg plants: CEEW

The country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030, an independent study released by the Council on Energy, Environment and Water (CEEW) said

India-US ties key for strong world economy, outcompete China: Schumer

They discussed new opportunities for consolidating the India-US ties in critical technologies, clean energy transition, joint development and production, and trusted and resilient supply chains

Why is India concerned about lending programme of IMF, WB for poor nations?

Eleven nations have signed a note where they have argued against the Bank taking on the responsibility to lend more, thereby raising interest costs for the borrowers

India, China to contribute more than half of global growth this year: IMF

IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand

G-20: India taps soft power as it backs issues important to Global South

India is one of the fastest-expanding economies at a time of sluggish growth around the globe, luring companies like Apple Inc. to expand

Gujarat govt signs 18 MoUs worth Rs 9,852 crore to boost investment

Through these 18 agreements, various firms have pledged to invest Rs 9,852 crore in different parts of the state, which would generate 10,851 employment opportunities

Bankruptcy cases rise 25% in Q3; recovery lowest at 23.45%: Care Ratings

The number of insolvency cases increased 25% in the December 2022 quarter, while recovery of debt through the process remained the lowest at 23.45 per cent during the period, an analysis showed

Revision in crop production estimates raises questions on credibility

Crop estimates have been way off the mark between the first and subsequent estimates and over the years this divergence has grown

Fresh formal job creation below 1 million for third month: EPFO data

Surprisingly, the number of new male subscribers fell more (14.9 per cent) than female (12.9 per cent) in December

FM Nirmala Sitharaman defends RBI: 'Reining in inflation, capital outflows'

India's retail inflation reversed its downward trend in January at 6.52 per cent and once again breached the central bank's upper tolerance limit

Few takers for skill development as students shy away from ITI ecosystem

Key concern: Gap between industry requirement and what's taught

India invokes emergency law to force coal-based power plants to up output

Many of India's power plants that use imported coal have not operated at full capacity recently because they have found it difficult to compete with power generated from cheap domestic coal

Wheat prices drop by 20% since FCI's open sale scheme, shows data

Going forward, prices will depend on wheat crop production following the sudden sharp increase in temperature across several parts of North and Central India

Finance ministry looking into life insurers' tax relaxation plea

Officials say Budget's proposal to tax high-value policies of Rs 5 lakh and above is unlikely to have significant impact on the industry

Make digital infra mandatory in building plans, Trai tells govt

Trai will bring out a consultation paper to further strengthen digital inclusion, looking at three key aspects of devices, connectivity and literacy

5,500 km highways to be turned into e-ways via public-private partnership

The National Highways for Electric Vehicles will have 111 stations across 23 cities in project under annuity hybrid e-mobility model

The high road to net zero: How CCUS can speed up India's transition plan

Carbon capture utilisation technology can play a crucial role in reducing CO2 emissions, provided the government shapes a workable regulatory framework first