Page 774 - Economy & Policy News

Despite support from Centre, big states lagged on capex in FY23

Due to crucial state elections in 2022 and 2023, many state administrations chose to focus on scheme and subsidy spending

As poll season approaches, govt employees put fiscal prudence to the sword

Due to the sheer size of the workforce, govt employees often go on strike, especially in election season, to have their demands met

Visa, Mastercard may be allowed a share of India's online payments

Growing from nothing in 2016, the smartphone-based UPI - a public utility - handled nearly Rs 13 trillion ($160 billion) in December

Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel

It cut its windfall tax on crude to Rs1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective Tuesday

73% CEOs globally expect eco growth to decline over the year: PwC survey

The survey further showed that nearly 40% of CEOs do not believe their organisations would be economically viable in 10 years if they do not transform

India to boost coal imports to cope with harsh weather, freight snags

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022

India, UK to launch Young Professionals Scheme on February 28, says MEA

The MEA statement said that India and the UK share a Comprehensive Strategic Partnership, with the adoption of Roadmap 2030 for Future Relations

NHAI focuses on training to enhance engineering measures on road safety

To propagate the cause of safer roads for all, 'Road Safety Week' is being observed from 11-17

15th India-UK FOC: Foreign Secy Kwatra holds talks with Britain's Barton

Both sides discussed issues like trade and economic cooperation, defence and security, science and technology, people-to-people relationship, health and climate change

Ethanol pipeline gets Rs 16K-crore investment bid in Uttar Pradesh

According to the proposals, the companies will set up distilleries, breweries, microbrewery, malt and yeast manufacturing plants, etc.

Govt may offer low-cost credit to small retailers, ease rules: Officials

Neither of the officials provided details on how banks would be compensated for providing cheap loans

States' fiscal health better after Covid-19 pandemic stress: RBI report

States must urgently push for debt consolidation, create capex buffers

India Inc's yearly outlook 'most cautious in a decade': PwC survey

CEOs globally 'most pessimistic' on growth in 12 years, says PwC survey

Exports slide 12% on recession fears; trade deficit widens to $23.76 bn

Imports last month also contracted 3.46 per cent to $58.24 billion, amid falling commodity prices

Rising prices of non-perishables may not allow food inflation to cool soon

Inflation being driven by cereals, spices, milk, prepared meals and snacks

WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent

Finance ministry increases 'risk profiling' of shipments from China

Govt taking steps to address possible cases of under-invoicing

MeitY calls another consultation on online gaming policy on Tuesday

The ministry earlier this month released draft amendments to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, in relation to online gaming

India now buying 33 times more Russian oil than a year earlier

The country is now easily India's biggest source of oil after overtaking Iraq and Saudi Arabia several months ago.

UP RERA logs 23% growth in registration of new real estate projects in 2022

There was a jump of about 23 per cent in the registration of projects in 2022 as compared to 2021