Page 779 - Economy & Policy News
India to work towards building focus on green development pact in G20: Govt
S Jaishankar pressed for international cooperation on data-related capacities, innovations, and technologies especially for the Global South, to create opportunities for all
 "India to work towards building focus on green development pact in G20: Govt")
Multilateral bodies need to be rejigged for more climate finance: Kant
India would focus on sustainable development at the ongoing G20 deliberations
 "Multilateral bodies need to be rejigged for more climate finance: Kant")
Public, pvt sectors must think out of box to seize global opportunities: PM
The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises
 "Public, pvt sectors must think out of box to seize global opportunities: PM")
Safety audit of 19,300 km of national highways completed till Dec
During FY22, safety audit of 16,500 km of national highways was undertaken
 "Safety audit of 19,300 km of national highways completed till Dec")
India's ethanol capacity to jump 25% to 12.5 bn litres by year-end: Govt
The two major sugar producing nations in the world can play an important role in ethanol trade at the global level
 "India's ethanol capacity to jump 25% to 12.5 bn litres by year-end: Govt")
Wheat sowing up 1.40% to 33.7 mn hectare so far in ongoing rabi season
Last year, wheat production had declined to 106.84 million tonne due to heat wave in key growing states
 "Wheat sowing up 1.40% to 33.7 mn hectare so far in ongoing rabi season")
Sebi allows virtual meetings for REITs, InVITs unitholders via video call
Capital markets regulator Sebi on Friday allowed investment managers of investment vehicles REITs and InvITs to conduct meetings of unitholders through video conferencing and other audio-visual means
 "Sebi allows virtual meetings for REITs, InVITs unitholders via video call")
Rupee depreciates by 4 paise, settles at 81.34 against US dollar
The rupee depreciated by 4 paise to close at 81.34 (provisional) against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows
 "Rupee depreciates by 4 paise, settles at 81.34 against US dollar")
UK economy grows unexpectedly in Nov by 0.1% amid strong services
The UK economy grew unexpectedly in November as the tight job market increased demand for employment services and soccer's World Cup boosted hospitality
 "UK economy grows unexpectedly in Nov by 0.1% amid strong services")
Puri asks automakers to start introducing green vehicles in market
Puri said India is a place where it's not just economies of scale but where "when we do something hundreds and thousands of people will follow"
 "Puri asks automakers to start introducing green vehicles in market")
Business leaders see ext of PLI scheme to other sectors: Deloitte
A vast majority of the business leaders believe that the Production Linked Incentive (PLI) schemes have been beneficial and expect an extension to other sectors in the coming years, a Deloitte Survey
 "Business leaders see ext of PLI scheme to other sectors: Deloitte")
Sensex, Nifty bounce back after 3-day fall on easing inflation; IT shine
Benchmark Sensex and Nifty bounced back on Friday after a three-day decline following buying in index major Infosys and Tata Consultancy Services amid a firm trend in global equities
 "Sensex, Nifty bounce back after 3-day fall on easing inflation; IT shine")
Uttar Pradesh prepares for Global Investors' Summit 2023 on a war footing
Adityanath had sent eight teams abroad to hold international roadshows at 21 cities in 16 countries
 "Uttar Pradesh prepares for Global Investors' Summit 2023 on a war footing")
India to seek easing of EU steel quotas, tarrifs in trade talks
New Delhi last month slapped anti-dumping import duties on stainless steel seamless tubes and pipe imports from China
 "India to seek easing of EU steel quotas, tarrifs in trade talks")
India sets targets for green hydrogen consumption by some industries
Green hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen
 "India sets targets for green hydrogen consumption by some industries")
Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey
Sixty per cent of respondents suggested raising funds through Indian Government Bonds, DTTILLP said
 "Indian industry leaders expect GDP to grow at 6.5% in FY24: Survey")
REC to provide aid to MP discoms, MPPMCL, Rewa Ultra Mega Solar project
REC has inked three separate pacts with MP Power Management Company Limited (MPPMCL), discoms in Madhya Pradesh and Rewa Ultra Mega Solar Ltd to this effect
 "REC to provide aid to MP discoms, MPPMCL, Rewa Ultra Mega Solar project")
Rupee rises after benign U.S. inflation print, forward premiums jump
The Indian rupee rose against the dollar on Friday following another fall in the U.S. inflation rate, while forward premiums rose to their highest level in two months
 "Rupee rises after benign U.S. inflation print, forward premiums jump")
GST would apply if a rented residential building is sublet as hostel: AAAR
Residential properties taken on rent by families or individuals for own use exempted
 "GST would apply if a rented residential building is sublet as hostel: AAAR")
India iPhone breakthrough masks struggle to improve manufacturing
Among India's advantages are rising geopolitical tensions between Western nations and China, and a growing friendship with the US, Australia and Japan, which form part of the Quad
 "India iPhone breakthrough masks struggle to improve manufacturing")