Page 769 - Economy & Policy News
Centre likely to borrow record Rs16 trn in fiscal year 2024, shows new poll
The fall in tax revenue and expected slowing economic growth next fiscal year will limit the government's ability to cut borrowing in the near term
 "Centre likely to borrow record Rs16 trn in fiscal year 2024, shows new poll")
Kerala Assembly set to begin 33-day-long Budget Session from today
This is the eighth session of this 15th legislative assembly in Kerala and will start from January 23 up till March 30
 "Kerala Assembly set to begin 33-day-long Budget Session from today")
As acute inequality grows, squeeze on Indian spenders is yet to lift
While India's rapid economic growth since the 1990s has undoubtedly expanded the spending capacity of its 1.4 billion people, acute and rising inequality makes for a budget-conscious median consumer
 "As acute inequality grows, squeeze on Indian spenders is yet to lift")
As world economy looks beyond China, India steps up as a new powerhouse
As powerhouses from China to Germany contend with slowing growth, the stakes are rising to find another nation equipped to propel the global economy
 "As world economy looks beyond China, India steps up as a new powerhouse")
Ganga water scheme to soon meet drinking water needs in Nawada: Nitish
The scheme was approved in a special cabinet meeting held in Gaya in December 2019
 "Ganga water scheme to soon meet drinking water needs in Nawada: Nitish")
Govt may not announce capital infusion for PSU banks in Budget: Sources
In the first half of FY23, the cumulative net profit of all PSBs increased by 32 per cent to Rs 40,991 crore
 "Govt may not announce capital infusion for PSU banks in Budget: Sources")
Rationalised TDS framework, concessional I-T regime expected in Budget: EY
The Budget wishlist of EY highlights that the government should provide some respite to low- and mid-income taxpayers with annual income up to Rs 20 lakh on the personal income tax side
 "Rationalised TDS framework, concessional I-T regime expected in Budget: EY")
A first: Atal Pension Yojana logs 10 million enrolments in a calendar year
The number of enrolments in 2022 rose to 12.5 million from 9.2 million in 2021
 "A first: Atal Pension Yojana logs 10 million enrolments in a calendar year")
First B20 meet to focus on climate action, resilient global value chains
B20 was established 13 years ago and is among the key engagement groups of G20, representing the priorities of businesses globally
 "First B20 meet to focus on climate action, resilient global value chains")
Statsguru: States' finances are improving, debt likely to shoot up
When the Union government announced Budget for 2022-23, it had projected revenue to be 8.5% of GDP. A Business Standard analysis of latest report on state finances showed that states are catching up
 "Statsguru: States' finances are improving, debt likely to shoot up")
India's G20 presidency: MCD to install artworks at markets, parks
The Municipal Corporation of Delhi (MCD) in a statement said it has stepped up its preparations for the G20 events
 "India's G20 presidency: MCD to install artworks at markets, parks")
Jammu and Kashmir govt launches Rs 879-crore food processing project
The project shall create 7,030 direct jobs and lead to establishment of 34 enterprises with expected revenue generation to the tune of Rs 1,436.04 crore every year
 "Jammu and Kashmir govt launches Rs 879-crore food processing project")
India increasing domestic oil and gas exploration: Hardeep Singh Puri
Diesel price increased from Rs 86.67 per litre in December 2021 to Rs 89.62 a year later. Rate of petrol rose from Rs 95.41 per litre to Rs 96.72
 "India increasing domestic oil and gas exploration: Hardeep Singh Puri")
Textile entrepreneurs hope for reduction in freight charges, cotton prices
Andhra Pradesh Textile Mills Association, Telangana Spinning and Textile Mills Association, Spinners Association, Gujarat and ITF participated in the event
 "Textile entrepreneurs hope for reduction in freight charges, cotton prices")
Noida gets investment intents worth Rs 5.86 trn ahead of investor summit
Gautam Buddh Nagar adjoining Delhi in western Uttar Pradesh has often been dubbed as the financial capital of the state
 "Noida gets investment intents worth Rs 5.86 trn ahead of investor summit")
India FTA can be clinched this year, but no more visa offers: UK minister
"I do think a deal this year. I don't know when. But after a while if things don't conclude then people just move on, on both sides. I'm very keen to sign a deal this year, said Badenoch
 "India FTA can be clinched this year, but no more visa offers: UK minister")
India's G20 presidency: First Y20 meet in Guwahati from February 6 to 8
Y20 is one of the eight official engagement groups under the G20 umbrella
 "India's G20 presidency: First Y20 meet in Guwahati from February 6 to 8")
Bihar inks MoU with FSI for TOF field survey to promote agroforestry
The TOF field survey, for which a Memorandum of Understanding (MoU) has been signed with the FSI is expected to start from April
 "Bihar inks MoU with FSI for TOF field survey to promote agroforestry")
India's G20 presidency: B20 meet in Gujarat to discuss climate, innovation
B20 is the official G20 dialogue forum that officially conveys its final recommendations to the G20 presidency
Time to press accelerator with higher infra spend, inviting global capital
It's a different equation that markets where the money went to, did not perform and one saw FII money flowing into India once again in the fourth quarter of 2022
 "Time to press accelerator with higher infra spend, inviting global capital")