Page 763 - Economy & Policy News

Rajasthan govt encourages farmers to set up solar pumps to cut cost

Agriculture Commissioner Kanaram said farmers were subsidised up to 60 per cent of the cost of setting up a solar-energy pump

Paddy, sugarcane payments top Rs 20,000 crore in Uttar Pradesh

The total farm payments are expected to more than double at the end of the respective marketing cycles

Here's why bond veteran sees India's benchmark yield trending downwards

Investors will get a sense of how much more debt India is planning to raise in it's upcoming Feb 1 budget

Govt rejects panel push for effect-based test in Competition Amendment Bill

Recommendation, made by Jayan Sinha-led Parliamentary Committee in Dec, was cleared by cabinet earlier this week; govt sees difficulty in quantifying impact

Govt may peg gross market borrowing below Rs 16 trillion in 2023/24: Report

The poll also suggested that the government would bring the budget deficit down to 6.0% of GDP in 2023/24. It aims to reach a target of 4.5% by 2025/26

Indian economy yet to revive from effects of Covid-19 pandemic, says CPI(M)

Ahead of the Union Budget, the CPI(M) has alleged the Indian economy is yet to revive from the blow it was dealt with during the Covid pandemic and blamed the government for the way it was handled

India plans to classify clean activities, tech under new policy: Report

India projects $10 trillion to $15 trillion in investment is needed to achieve net-zero carbon emissions by 2070

Jyothy Labs consolidated profit jumps 77% to Rs 67.39 cr in Dec quarter

FMCG firm Jyothy Labs Ltd has posted a 77.25 per cent jump in its consolidated net profit at Rs 67.39 crore in the third quarter ended December 31, 2022

FY24 budget should be favourable to EV industry: Kinetic Green CEO

'India has started adopting EVs as a mobility solution, and with continuous support from the government, we will make great progress in the coming decade'

Sunflower oil imports rise to record as Russia-Ukraine fight for mkt share

Record imports by India, the world's biggest vegetable oil importer, come as sunoil's discount to rival soyoil widened to the highest level in nine months

Govt invites EOIs for Rs 41,000 cr port project in Great Nicobar Island

The proposed port in the Andaman and Nicobar Islands will have ultimate capacity to handle 16 million containers per year and in the first phase will handle above 4 million containers

India's electric vehicle dawn fans expectations fuel demand may peak early

The faster-than-anticipated industry growth means India's gasoline consumption will peak sooner than previously thought, some analysts and industry participants say

PE deals in Asia-Pacific fall in 2022 as US investors drop China for India

Investors favour technology companies in India and Southeast Asia, says one analyst

FCI to sell 2.5 MT wheat out of 3 MT approved to flour mills, pvt traders

State-owned FCI will sell 2.5 mn tonnes of wheat to flour mills, private traders and other bulk consumers through e-auction out of the total 3 mn tonnes approved by the govt on Wednesday

Wheat prices likely to soften by Rs 4-6 per kg over the next few weeks

But won't near MSP, which could make next procurement tough, unless there's bonus

As wealth inequality grows, is it time for an Indian inheritance tax?

Country had had 20 billionaires at the last count: more than some other major economies

India-made 4G, 5G technology stacks may go global during G20 meet

Plan remains a proposal at the moment, dependant on key developments in telecom space in 2023

Wheat prices may come down by Rs 5-6/kg: Flour millers on govt's move

Roller Flour Millers Federation of India hailed the govt's decision to sell 3 mn tonnes of wheat in the open market and said the move will lead to a reduction in wheat and wheat flour (atta) prices

Infrastructure investment trust IndiGrid Q3 profit up 27% to Rs 120 crore

India Grid Trust (IndiGrid) has posted 27 per cent rise in consolidated net profit at Rs 119.78 crore for December quarter 2022-23

Russian oil exports to India likely to hit new highs as interest grows

The refinery executives said Indian processors will maintain their long-term supplies from producers such as Saudi Arabia, with any increase in Russian purchases done on a spot and opportunistic basis