Page 757 - Economy & Policy News

Bank credit for services up three-fold in Apr-Dec 22 as economy picks up

Credit to NBFCs and trade (wholesale and retail) showed maximum traction, RBI data showed

India's April-Dec fiscal deficit touches 60% of full-year target: Govt data

Net tax receipts rose to Rs 15.56 trillion while total expenditure was Rs 28.18 trillion, the data showed

Core sector growth at three-month high of 7.4% in December: Govt data

The production of eight key sectors rose by 5.7 per cent in November 2022

G20 two-day meet: Participants discuss debt, multilateral development banks

India assumed the G20 presidency for one year on December 1, 2022. The G20, or Group of 20, is an intergovernmental forum of the world's major developed and developing economies

SC may wait for data protection bill before probing WhatsApp privacy policy

The top court observed that there was no harm in waiting for the bill to be tabled and "heavens are not going to fall in the meanwhile"

State budgets are spending more, putting in more money for development

Centre's expenditure on non-development categories like salaries, pensions payments has increased

India, US reaffirm commitment to free, open and inclusive Indo-Pacific

The MEA said both sides reviewed progress made towards further consolidating the India-US Comprehensive Global Strategic Partnership

2nd highest gross GST collection in January 2023 amounting Rs 1.55 trn

Revenues in the current financial year upto January 2023 was 24% higher than the GST revenues during the same period last year

Digital public infra to contribute 30-50 bps to medium-term growth

The government expects the platform to significantly boost the ease of doing business with secure, paperless, and hassle-free contracts

Economic Survey highlights India's diversifying merchandise trade: FIEO

Additional financial support to units generating additional employment in the export sector will also be an incentive for exporters

Digital payments record 24% annual growth at end of Sept 2022: RBI data

The index comprises five broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods

Global finance critical to India's climate actions: Economic Survey

'Enhanced initiatives' by developed countries must be in form of finance, technology transfer, capacity-building

Eco survey 2023: Bright prospects under dark clouds with silver linings

The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living

Economic Survey flags concerns on Crypto, pushes for global regulation

Survey said events such as collapse of crypto exchange FTX have put vulnerabilities of the sector in focus

Sugar production to fall 5% to 34 mn tonnes in 2022-23 marketing year: ISMA

In the previous 2021-22 marketing year, 32 lakhs tonnes of sweetener were diverted towards manufacturing of ethanol for blending with petrol

Covid-19 vaccination: India may have won a major battle, says Eco Survey

97% of the country's eligible beneficiaries have been given at least one dose, while 90% have got two doses

Housing prices beginning to firm up after two-year Covid hiatus: Eco Survey

The release of "pent-up demand" was reflected in the housing market, as demand for housing loans picked up, the Survey noted

Indian farm sector performed well, but needs re-orientation: Eco Survey

The Survey said this growth is partly attributable to good monsoon years and partly to the various reforms undertaken by the government to enhance agricultural productivity

Disinvestment proceeds of Rs 4.07 trn realised in last 9 years: Eco Survey

The Survey said that determined efforts should be taken to make the public sector asset monetisation scheme successful in realising wide-ranging efficiency gains

Economic Survey 2022-23: What does it say about inflation and employment

Economic Survey said that RBI's inflation projections for FY23 are neither too low nor too high