Page 743 - Economy & Policy News

India topples France as UK's largest Scotch whisky market; imports up 60%

India has overtaken France to become the UK's largest market of Scotch whisky in terms of volume with a 60 per cent hike in imports in 2022

DoT starts doling out PLI to manufacturers, GX Telecom gets 1st cheque

The Department of Telecom has started disbursing production-linked incentives to shortlisted manufacturers who have completed their target for 2021-22, a government official said

Investment proposals worth Rs 33.5 trn received in GIS, says CM Adityanath

Investment proposals have been made for all 75 districts of Uttar Pradesh in the GIS, unlike earlier when investment in the state, meant only in the areas falling in the National Capital Region

Statsguru: India's telecom industry is lurching towards a duopoly

Vodafone's losses are expected to touch Rs 30,000 crore in the financial year 2022-23

India's exports to Turkey may get impacted in short run due to earthquake

India's merchandise exports of commodities such as cotton, manmade yarn and textile dyes may be impacted in the short run to earthquake-hit Turkiye, according to exporters

Economists, health experts pitch for higher taxes on tobacco products

Economists and public health experts have welcomed the duty hike on cigarettes in this year's budget and pitched for higher taxes on more tobacco products to make them unaffordable

Govt mulls modified valuation norms for taxing foreign investments in cos

The Department is likely to come out with modified valuation rules under the I-T Act for ascertaining FMV of shares of unlisted companies for the purpose of levying tax on non-resident investments

India to become third-largest economy before 2030: Tamil Nadu Governor

Highlighting the country's growth trajectory, Tamil Nadu Governor RN Ravi said India has become the world's fifth largest economy because of the people and not the government

Uttar Pradesh is ideal investment destination: Nitin Gadkari at GIS-2023

Gadkari praised Uttar Pradesh Chief Minister for his efforts to improve the state's agriculture and industry and stated that Yogi Adityanath's vision will change people's perceptions of Uttar Pradesh

UP to soon have maximum number of domestic flights in India: Scindia

Union Civil Aviation Minister Jyotiraditya Scindia said Uttar Pradesh will soon have the maximum number of domestic flight services in the country.

India's toy exports touch Rs 1,017 cr during Apr-Dec in FY23: Govt data

During April-December 2013-14, the shipments were at Rs 167 crore

FM Sitharaman addresses central board of RBI, reviews economic situation

Finance Minister Nirmala Sitharaman on Saturday highlighted the key thrust areas outlined in the Union Budget and the expectations from the financial sector

Rice cornerstone of food security in country, says President Murmu

President Droupadi Murmu said on Saturday that rice is the cornerstone of food security in the country, and a key factor of the nation's economy

New tax regime to benefit middle class; leave more money in their hands: FM

She said it is not necessary to induce individuals to invest through government schemes but give him an opportunity to make a personal decision regarding investments

Gross direct tax mop-up grows 24% to Rs 15.67 trn, net collection rise 18%

The net collections are about 79 per cent of Revised Estimates (RE) of direct tax collection for current fiscal, the CBDT said

Indore mops up Rs 661.52 cr on Day 1 of public issue of green bonds

The green bond was oversubscribed by 5.42 times against the base price of Rs 122 crore, an official said

Rising India rates to upset PM Modi's Budget math on small savings

Bonds have since pared their gains, with the budget math increasingly looking daunting as commercial interest rates soar tracking a tight monetary policy

Delhi govt approves infra projects worth Rs 11.28 cr for repair of roads

Sisodia also directed the officials to follow the global standards of street design and also ensure compliance with all safety and security standards during the maintenance work of roads

India, Mauritius discuss cooperation in area of urban development

Union Minister for Housing & Urban Affairs, Hardeep Singh Puri met his Mauritian counterpart Louis Steven Obeegadoo and vowed to strengthen cooperation between the two countries

Union minister G Kishan Reddy urges entrepreneurs to invest big in UP

Uttar Pradesh has eight per cent contribution in the country's economy, so investors should come forward to invest here with an open heart, he said