Page 754 - Economy & Policy News

Budget 2023: Many PLI schemes are in the pipeline, says Piyush Goyal

As and when other PLI schemes get approved, the cabinet is empowered to approve it

Budget 2023: Riding on robust collections, govt realistic on tax target

The budget pegs tax revenue at Rs 33.6 trillion, which is higher by 10.4 per cent over Rs 30.4 trillion projected in revised estimates for the current financial year (FY23)

Global factory activity contracts again in Jan, highlights fragile recovery

The latest figures come as central bankers gear up for another round of interest rate increases to combat high inflation

Govt hikes import duty on toys to 70% to boost domestic manufacturing

Similarly, import duty on bicycles has also been hiked to 35 per cent from 30 per cent, according to a Union Budget document

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal

India sets target of 5 MMT annual green hydrogen production by 2030

The Finance Minister also proposed an allocation of Rs 35,000 crore for priority capital investments towards energy transition and net zero objectives, and energy security by the Ministry of Petroleum

New tax rates will raise purchasing power of middle class: Bandhan Bank CEO

The revision in income tax rates will increase the purchasing power of the middle class sections of the society, Bandhan Bank's Chief Executive Chandra Sekhar Ghosh said

FM announces savings scheme for women with 7.5% interest rate for 2 years

Union Finance Minister Nirmala Sitharaman Wednesday announced a 'Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years

Economic growth to slide to 7% in 2022-23: Fiscal policy statement

India's public digital infrastructure expansion is leading to accelerated financial inclusion for low-income households, micro and small businesses, and the economy's rapid formalisation

India's electricity consumption grows nearly 13% to 126.16 bn units in Jan

India's power consumption logged a double-digit year-on-year growth of nearly 13 per cent to 126.16 billion units in January 2023, according to government data

Jan manufacturing PMI falls to three-month low as production, exports slow

Companies increase input inventories by purchasing additional materials, but hiring remains unchanged broadly

Union Budget 2023: Revamped MSME credit guarantee scheme to start on Apr 1

New scheme likely to lower cost of credit by 1%, allow MSMEs to avail addl collateral free credit guarantee of Rs 2 trn

Jet fuel price hiked 4% by Rs 4,218 per KL in line with rising oil rates

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running

Budget 2023 live streaming: When and where to watch FM Sitharaman's speech

Budget 2023 India: Finance Minister Nirmala Sitharaman will present the annual financial statement in the Parliament of India at 11 AM today

India imported more Russian crude oil than ever in January, shows data

India imported between 1.27 to 1.42 million barrels of Russian crude per day, which made up 28% of India's supplies in January, the highest ever

US, India seek joint production of GE jet engines amid push for closer ties

US National Security Adviser Jake Sullivan said in a briefing that the framework won't be solely driven by the geopolitical challenges posed by Moscow or Beijing

We shouldn't be mechanical about fiscal deficit targets: CEA Nageswaran

In an exclusive interaction with Arup Roychoudhury and Asit Ranjan Mishra, V A Nageswaran said that budget deficit targets should be solely decided by debt levels are sustainable

Economic Survey 2022-23: Reforms, capital expenditure push to aid growth

Economy seen growing at 6.5% next fiscal year; 'more steps will attract MNCs to set up base in India'

Economic Survey: GDP growth expected to reduce, but govt finances improving

Private investment is picking up, and IT services exports remain resilient

Electronics export may grow by 37% to cross Rs 1.6 trn this fiscal: ICEA

The electronic goods export in 2021-22 was Rs 1,16,937 crore, according to India Cellular and Electronics Association (ICEA)