Page 744 - Economy & Policy News

Govt to offload 30 mn MT wheat to cool down prices via open market disposal

the government takes various steps from time to time to augment domestic availability and control increasing food prices

Smuggling can slow march to $40-trillion economy, says FICCI report

The FICCI CASCADE has urged the government to launch a robust international campaign against the menace of smuggling

If needed, will allocate more for NREGA, says FM Nirmala Sitharaman

Sitharaman said the government chose the capital expenditure route to revive the economy because of its greater multiplier effect

Public feedback invited on fact check by PIB to boost due diligence: MoS IT

Proposal of fact check by govt's media arm PIB under the IT Rules has been made with a view to strengthen the due diligence by intermediaries and public feedback has been invited on the same

Current account deficit may fall in Dec quarter as net exports ease

In the September quarter, CAD touched a nine-year high at 4.4 per cent from 2.2 per cent in the June quarter as the negative net exports shot up to $50.3 billion from $36.3 billion

Manufacturing drags industrial production growth to 4.3% in December

In the first three quarters of FY23 (April- December), IIP grew 5.4 per cent against 15.2 per cent during the year-ago period

Indian smartphone shipments fall 10% YoY in CY22 to 144 mn, Q4 sees 27% dip

Dwindling consumer demand due to high inflation remained a challenge all year round despite improved supply. The ASP (average selling price) hit a record $224, up 18% YoY

Android case: Supreme Court refuses to modify January 19 order on Google

Says firm can raise its grievances during hearing of its appeal before NCLAT

Railways to acquire new rolling stock worth Rs 3.14 trillion in FY24

300 Vande metros, 1000 8-coach Vande Bharats, hydrogen trains in the works

IFSCA lays foundation to strengthen ship financing, leasing in India

In a bid to boost maritime trade, International Financial Services Centres Authority is taking steps to strengthen ship acquisition, financing and leasing in India, a senior official said on Friday.

Digital infrastructure role in e-commerce: India seeks views at WTO

The WTO's 12th ministerial conference in June had decided to reinvigorate the ongoing work programme on e-commerce

DPIIT likely to bring national framework on quality infrastructure

Dept to ensure there are more accreditation facilities in tier-2 and 3 cities, with key focus on healthcare and education systems

1,330 foreign firms, subsidiaries have shut shop in last 3 yrs:Minister

As many as 1,330 foreign companies and subsidiaries of overseas firms have shut shop during the last three years, Parliament was informed on Friday

DPIIT working on quality control orders for several products: Official

DPIIT is working on quality control orders for several products, such as lighters, with a view to promote domestic manufacturing of quality goods, a senior official said on Friday

Industrial production growth slips to 4.3% in Dec from 7.3% in Nov

Mining output rose by 9.8 per cent and power generation increased by 10.4 per cent during the month under review

Dhanuka Agritech Q3 profit up 8%; revenue rises by 10% to Rs 393 crore

Agrichemical firm Dhanuka Agritech on Friday reported an 8 per cent growth in consolidated net profit at Rs 46.07 crore for the quarter ended December on higher income

India asks WTO members to discuss e-comm issues; submits two papers

India has submitted 2 papers in WTO related to consumer protection and digital infrastructure part of the e-commerce sector to initiate discussion on the subject before deliberating a final agreement

New tax regime to leave higher disposable income with people: Sitharaman

The Union Budget 2023-24, astutely balances the requirement for India's development imperatives within the limit of fiscal prudence, Finance Minister Nirmala Sitharaman tells Lok Sabha

Working to support plans to promote a free open Indo-Pacific region: USIBC

The framework is being hosted by the Indian Ministry of Commerce and Industry in Delhi from February 8 to 11

India's forex drops by $1.494 bn to reach $575.267 bn as of Feb 3: RBI data

India's foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday.