Page 771 - Economy & Policy News

Outward remittances under LRS scheme near $2 billion in Nov: RBI

International travel continued to over 50 per cent of the entire outward remittance by Indians under the scheme

Sleeper version of Vande Bharat train to be designed to travel at 220 kmph

Four major domestic and foreign companies have come forward for the production, officials said

Tata Boeing Aerospace JV delivers first fuselage for Indian Army

The Apache will provide the Indian Army with a significant boost in capability just as the AH-64 did for the Indian Air Force," says Salil Gupte, who heads Boeing India

Cashew industry to witness 15% revenue growth in FY23, FY24: Report

The United States is a distant second, accounting for 10-15 per cent of global consumption

Govt to take call on increasing sugar export quota next month: Food Secy

Over 1,000 crore litres of ethanol would be required to achieve 20 per cent blending of ethanol with petrol, he said, adding that out of that around 50 per cent will come from sugarcane

Govt vehicles older than 15 years to be scrapped, deregistered: Govt

Prime Minister Narendra Modi launched the National Vehicle Scrappage Policy in 2021 and had said it will help phase out unfit and polluting vehicles and also promote a circular economy

Centre approves 'Apple Cluster' for Jammu and Kashmir's Shopian district

The project is estimated to cost Rs 135.23 crore, of which, about Rs 37.05 crore would be provided by the Ministry as grant-in-aid

3.14 mn poor families to get Rs 300 through DBT for mustard oil in Haryana

A total of 3.14 mn BPL families in Haryana will receive Rs 300 through DBT for mustard oil beginning next month

Belying slowdown fears, Indian economy's animal spirits move to the right

Prices of finished products rose as firms passed on higher input costs and business expenses

Individual insolvency misuse by personal guarantors in govt cross hairs

Draft IBC amendments propose to remove 'perverse incentives'

Kerala committed to implementing e-mobility policy, says CM Vijayan

He said subsidies are being offered for purchase of e-autos and for retro-fitting old diesel autorickshaws with electric motors and battery

Iffco, Amul, three others to promote exports of new co-op society

The new cooperative will also provide proper institutional support for aggregation of exportable surplus, working capital, logistics, technical know-how and training

Digital India Act to be more principle-based: MoS IT Chandrasekhar

The ministry of electronics and IT has introduced the Digital Personal Data Protection Bill, the National Data Governance Framework policy, and IT Rules, 2021, in the last two years

Wealthy Indians reporting lower income, paying less tax: DSE study

The study found that the average taxable income reported by the bottom 10 per cent of households was more than 170 per cent of family wealth

WHO says it backs global health agenda of Indian presidency set at G20 meet

The Health Track of the G20 India Presidency would comprise four Health Working Group (HWG) Meetings and one Health Ministerial Meeting (HMM)

December retail sales jump 16% from pre-Covid levels, shows RAI survey

Retailers Association of India (RAI) surveys retailers in different categories such as apparel, home decor, beauty and personal care, quick service restaurants, footwear, food, and grocery

Davos 2023: UAE in talks with India to trade non-oil commodities in rupees

The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies

Leasing of retail space across 8 cities rose 21% last year, says CBRE

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

VC investment in India expected to remain sluggish in Q1 2023: KPMG report

VC investment in India is expected to remain soft in the first quarter of 2023, before starting to pick up in Q2 in part due to India's strong growth and consumption expectations

Shift to old pension scheme may lead to liability add-up in future: Rajan

In an interview to online portal on sidelines of World Economic Forum (WEF) at Davos, Rajan said that reason why new pension scheme was adopted because in old scheme, huge liabilities had built up