Page 748 - Economy & Policy News

Maha Budget session from February 27 to March 25; to be tabled on March 9

The budget session of the Maharashtra legislature will be held from February 27 to March 25 and the state's budget for fiscal 2023-24 will be presented on March 9

GIS-23 to bring investment in 5 major sectors, says UP Government

The Uttar Pradesh government has said that foreign visitors have evinced keen interest to invest in five out of 25 sectors in the state ahead of Uttar Pradesh Global Investors' Summit (GIS)-2023.

Public procurement via GeM portal to cross Rs 2 trillion in FY23: Official

Procurement of goods and services from govt portal GeM is expected to cross Rs 2 trn during this fiscal year on account of an increase in buying activities by different ministries and departments

Penal charges by lenders on RBI radar, to come out with a paper: Das

Das also said RBI has decided to extend UPI to inbound travellers, expanding the scope of Trade Receivables Discounting System and launch a pilot project on QR Code-based Coin Vending Machines

ED arrests businessman Gautam Malhotra in Delhi excise policy scam

The Enforcement Directorate (ED) on Wednesday arrested businessman Gautam Malhotra in connection with the Delhi excise policy scam.

Rs 10423 cr sanctioned to Bihar for welfare of SC, OBC, EBC in 5 yrs: Govt

the Ministry of Social Justice and Empowerment is also implementing various schemes to reduce poverty and ensure the socio-economic development of poor and marginalized persons belonging to SCs, OBCs

Jitendra Singh meets Argentina counterpart, discusses bilateral cooperation

"The Argentina Minister also sought India's support to deploy technologies for implementation by industry and facilitating the entrepreneurs in Argentina," the Ministry of Science and Technology said

World still needs hydrocarbons: COP28 president designate Sultan al Jaber

In first international trip since controversial appointment, Jaber assures support for India's energy plan

Vivad se Vishwas-II: Govt aims to settle 500 cases involving about Rs 1 trn

The Budget has proposed the Vivad se Vishwas-2 scheme to settle long-pending litigation in cases where an arbitration order has been challenged in any Indian court

FAME subsidy violation: Two-wheeler EVs under fire for pricing breach

The ex-factory price norm was added to the FAME scheme to make E2Ws affordable for buyers and also boost sales

Consulting stakeholders on ways to check misinformation flows: I&B minister

Union minister Anurag Singh Thakur said the central government was consulting stakeholders over means that can be adopted to stem misinformation flows into India, especially global media outlets

States bond prices down by 7 bps to 7.61% despite sharp spike in supply

Even though the states have borrowed heavily from the market -- bond issuances at the weekly auction on Tuesday rose sharply by 42 per cent -- the average prices came down by 7 bps to a three-week low of 7.61 per cent.

How credible is path of improving quality of fiscal deficit going forward?

Centre's fiscal deficit is projected to come down to 5.9% of GDP next financial year from 6.4% in the current financial year

Commodity costs down, expect price drop: GCPL MD & CEO Sudhir Sitapati

Commodity costs have fallen "sharply" in the last few months, the margin situation is now "pretty good" and a revival in sales volume is expected, helped by price drops in some categories such as soap, said Godrej Consumer Products Ltd (GCPL) Managing Director and CEO Sudhir Sitapati.

Big Russia presence in India Energy Summit indicates stronger ties

The European Union ban on seaborne Russian fuel shipments, coupled with earlier restrictions on the bloc's crude purchases, give more impetus for Moscow to ramp up the flows to India

PM round table: Green hydrogen, finance and technology top agenda

Need for transitional measures and the capital required to harness them also discussed

20.7 mn households seek MGNREGA work in Jan, 2.26% less than in December

But it is about 9.7% more than the pre-pandemic month of Jan 2020; meanwhile, activists flay slashing of MGNREGS budget, say it will cause wage payment delays, suppress work demand

Second round of IPEF negotiation to start in India on Wednesday

India has opted out of the trade pillar as broad consensus had not emerged on issues pertaining to labour, environment, digital trade, and public procurement

Rs 1.45 trillion extra resources for FCI's capital needs, says govt

The IEBR of FCI for FY24 - in line with the Budget documents - is projected to jump a staggering 164 per cent to nearly Rs 1.45 trillion, from the 2022-23 (FY23) Revised Estimates (RE) of Rs 55,000 cr

Will get fitment panel to look into 28% GST for cement: FM Sitharaman

Urges industry to ensure its output is compliant with sustainable development goals, says this is crucial for negotiating non-tariff barriers arising out of environmental concerns around the world