Page 738 - Economy & Policy News

Year 2023 could witness milder slowdown at the global level, says RBI

The Reserve Bank of India (RBI) has predicted that 2023 would probably be characterised by a milder global slowdown than anticipated earlier, but added that the trajectory remains unpredictable

Fund allocation for MGNREGA has not been reduced, says Sitharaman

The fund allocation for MGNREGA has not gone down, FM Nirmala Sitharaman here on Friday, adding it is a demand driven scheme and as and when the demand increases, the Centre provides money

Give clear road map on fixing 5G connectivity issues: Trai to telcos

Govt preparing the ground for tougher service quality norms

India finalises 13 activities under 3 heads for trading of carbon credits

Green ammonia approved as alternative material for greenhouse gas mitigation

Low growth, high inflation, unemployment burdening people: Chidambaram

P Chidambaram alleged that low growth, high inflation and unemployment are putting "intolerable burdens" on people, as he asked the govt to candidly tell them what are the growth prospects in 2023-24

Budget's focus on capex to crowd-in pvt investment, push growth to 7%: RBI

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7% in the next financial year beginning April 1, the article said

India's exports may rise by 3-5% this fiscal to $435 billion: FIEO

India's exports are expected to grow by 3-5% to $435-445 billion in this fiscal, exporters' body FIEO said on Friday

All rural households will have tap water in by 2024: Vini Mahajan

Centre supporting states to achieve the target, says secretary in the Department of Drinking Water and Sanitation, Ministry of Jal Shakti

UP sugar industry has transformed into 'sugar complexes': Yogi Adityanath

The modernisation of sugar mills in the last six years has transformed them into "integrated sugar complexes," Uttar Pradesh Chief Minister Yogi Adityanath said on Friday

CERC approves proposal to start new market segment for 'expensive' power

The approval from the CERC, given to the country's largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage

Govt gives in-principle approval to nine ethanol blending projects

These projects are expected to add to the additional capacity of about 35 crore litres

Karnataka budget: Govt to create Rs 590 crore cloud-based state data centre

To provide relief to the lower income class, it is proposed to raise the tax exemption limit from Rs 15,000 to Rs 25,000 per month for salaried or wage-earning employees, the Chief Minister added

Karnataka budget: CM announces interest-free short-term loan to farmers

This year, loan of Rs 25,000 crore will be distributed to more than 30 lakh farmers: Bommai

Rural recovery may drive next bout of India inflation: HSBC economists

The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, economists at HSBC Securities and Capital Markets said

Rupee poised to weaken after dollar jump on hawkish Federal Reserve

The Indian rupee is expected to open lower against the U.S. currency on Friday, following a surge on the dollar index after two Federal Reserve officials said they preferred bigger rate increases

Labelling of millet-based health products to dictate 5% or nil GST

Issue of tax treatment of MUVs may be deferred at Feb 18 GST Council meet

Trusted fact checkers: Govt to work with tech majors to create a framework

Deepfakes are videos creating delusion with the use of deep learning, other artificial intelligence techniques and photoshopping to make images of fake events

Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

Not to overshoot FY24 net borrowing target of Rs 11.8 trn

India will have over 150 mn 5G users by 2024, 2G count falling: Report

Nokia study projects average data usage per user per month will grow over 136 per cent by 2027

Budget prepared keeping mind external challenges also: FM Sitharaman

The Union Budget 2023-'24 has been prepared keeping growth in focus and also external economic challenges such as fuel prices, Finance Minister Niramala Sitharaman said on Thursday