Page 747 - Economy & Policy News

Foreign oil majors flag windfall tax concerns; govt seeks $52-bn investment

India is the world's third-biggest oil importer and consumer and meets almost 85 per cent of its oil requirements from overseas

MPC's 11.7% nominal GDP growth projection way higher than Budget estimate

If MPC's projections hold good, various figures in the Budget would change when the revised estimates are worked out

GST Council meet: Tax on online gaming activities unlikely to be discussed

Council was to meet on Feb 18, but schedule may be changed

Travellers to India from G20 nations can use UPI for merchant payments: RBI

UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion

Competition Bill may propose levying penalty on firms' global turnover

The suggestion to allow cartels to opt for the settlement scheme is also likely to be introduced in the Bill

ISRO conducts initial trials of human space mission crew module recovery

The Indian Space Research Organisation (ISRO) and the Indian Navy carried out initial recovery trials of the crew module as a part of the former's human space mission tests

Aero India 2023: Rajnath to chair aerospace, defence biz CEOs round table

The Defence Ministry will organise a 'CEOs Round Table' on February 13, the inaugural day of Aero India 2023, under the chairmanship of Defence Minister Rajnath Singh, an official statement said

Network Planning Group under PM GatiShakti recommends 63 infra projects

The Network Planning Group (NPG) under PM GatiShakti has so far recommended 63 infrastructure projects on the principles of PM GatiShakti

India launched 353 foreign satellites since 2014: Jitendra Singh

India has launched 353 foreign satellites since 2014, earning the country foreign exchange, Union Minister Jitendra Singh said on Wednesday

Opposition targets govt on inflation, unemployment issues in Lok Sabha

Hitting out at the government, Opposition members in Lok Sabha claimed that the rate of unemployment in the country had increased and more people were pushed into poverty due

Govt asks Irdai, insurance firms to address issues to reduce pending cases

Irdai can mandate the companies to resolve the issues, if they remain unaddressed voluntarily for a long term

Vivad se Vishwas-II scheme looks to settle financial disputes only

Centre notifies the scheme; disputes with states govts, another pvt firm not covered

Towns in Odisha to get 5G, 1,814 villages to get 4G by December: official

All urban areas in Odisha will get 5G connectivity by December, while 1,814 villages will get 4G network by that time, an official said on Wednesday

Govt does not interfere with, control social media intermediaries: MoS IT

The government neither controls social media intermediaries nor casts any fetters on the freedom of expression of their users, Parliament was informed on Wednesday

Over 5,400 vehicles scrapped at Registered Vehicle Scrapping Facilities

A total of 5,359 private and 67 commercial vehicles have been scrapped at Registered Vehicle Scrapping Facilities set up in accordance with the Ministry of Road Transport and Highways notification

Railways earns over Rs 600 cr via convenience fee in FY23 so far: Minister

The Railways has earned more than Rs 600 crore through convenience fee, which it retains from passengers on the cancellation of a ticket, so far in 2022-23, Parliament was informed on Wednesday

Public procurement via GeM expected to cross Rs 2 trillion-mark in FY23

The largest order worth Rs 20,400 crore placed on GeM until now is by NTPC for mine development and operations services

FinMin issues draft scheme for settling disputes related to govt contracts

The finance ministry on Wednesday came out with a draft scheme for settlement of pending disputes related to government contracts

Telangana will play pivotal role in India's e-mobility transition: KTR

Telangana is committed to providing an impetus to electric vehicle adoption and aims to play a pivotal role in India's transition to electric mobility, K T Rama Rao said on Wednesday

Coal demand estimated to reach 1,087 million tonnes in current fiscal year

Demand for coal is estimated to reach 1,087 million tonne in the ongoing financial year, Parliament was informed on Wednesday