Page 764 - Economy & Policy News

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

Hope Budget corrects Centre's fiscal approach towards states: Kerala FM

Kerala FM K N Balagopal has expressed hope that Union Budget will allocate more funds for social and infrastructure development as well as correct the Centre's fiscal policy in dealing with states

As world's fastest-growing economy at 5.8%, India bright spot: UN economist

For next year, the UN is projecting a growth rate of 6.7 per cent, a "very high growth relative to other G20 member countries"

Power ministry proposes tax-paid green bonds issuance, says report

The bonds are lucrative to investors, while marginally reducing the cost of funds as there is a difference in issuers' tax rate and investors' tax bracket, the official said

UN slashes India's economic growth forecast by 20 bps to 5.8% for 2023

Pegs world economy growth at 1.9%; trade to contract 0.4%

Centre to sell 3 million tonnes of wheat in open market to cool prices

Atta prices from central wheat pool capped at Rs 29.50 kg; wheat stocks 24.4% above buffer requirement as on January 1

Constitution withstood test of time: President Murmu ahead of Republic Day

The government did not overlook low-income groups, said Droupadi Murmu, President of India

Indian economy expected to grow 7%: How GDP forecasts changed in 3 years

The average variation in value added is 1.5 percentage points between the first and last estimates

Govt to sell 3 mn tonnes of wheat from buffer stock to curb price hike

The government will sell 3 mn tonnes of wheat in the open market from its buffer stock to control rise in prices of wheat and wheat flour (atta), sources said

Bihar govt seeks GST compensation extension for another five years

The Bihar government on Wednesday urged the Centre to consider extending for another five years the GST compensation awarded to states, which was discontinued last year

A question of quota: How to determine who is 'economically weak'

Determining who is 'economically weak' will shape the success of the reservation policy

Debt-ridden Sri Lanka thanks India for backing its $2.9 bn bailout package

External Affairs Minister S Jaishankar during his recent visit to Colombo gave the required assurances to Sri Lanka's top leadership for the much-needed IMF bailout package