Page 781 - Economy & Policy News

OMCs to give green hydrogen plan soon, says Hardeep Singh Puri

Electrolysers use electricity to split water into hydrogen and oxygen. When electricity for the electrolyser comes from renewable sources like wind and solar, the hydrogen produced is called green

Govt working on policy for ethanol pumps, says Union minister Gadkari

Says he will meet with petroleum minister in next 15 days to discuss this

India to invite bids for 8 Gw wind power projects annually till 2030

The auction model had led to an artificial lowering of prices

India looking at bigger ambitions in trade with US, says Piyush Goyal

Two specific targets for this elevated engagement were semiconductors and defence production

Wheat output may set new record of over 11.2 mn tonnes in 2022-23: Govt

In 2020-21, the country had achieved record wheat output of 109.59 million tonnes

Measures being taken to boost coal production in next season: Centre

The power ministry has asked gencos to use imported coal to the extent of 6 per cent of their requirement

Industrial production expands by 7.1% in Nov 2022 vs -4% in Oct: Govt data

The mining output rose by 9.7 per cent and power generation increased by 12.7 per cent during the month under review

Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report

Nevertheless, as a proportion of GDP, fiscal deficit is expected to ease to 5.8 per cent from 6.4 per cent

India keen to present views of 'global south' at G-20: FM Sitharaman

Strengthening of multilateral institutions a priority, she says as country outlines its vision as G20 president

World is in state of crisis: PM Modi at Voice of Global South summit

PM Modi says India can be the voice of Global South

Govt invites EoI for Rs 17,000-cr transhipment port in Nicobar by Jan-end

The transhipment port would enable big ships to anchor and raise India's share in maritime trade, create new job opportunities and save a lot of forex, officials stated

Govt to take decision around March-April on lifting wheat export ban: DGFT

India banned wheat exports in May 2022 with immediate effect as part of measures to control rising domestic prices

CPI eases marginally to 5.72% in Dec 2022, within RBI's comfort zone

In November, CPI, also called retail inflation, was at eleven-month low of 5.88 per cent

Repowering old windmills can attract Rs 40,000-crore investments: Report

Commercial and industrial customers will find Rs 4/unit tariffs lucrative compared with grid tariff of Rs 7-8/unit in Gujarat and Tamil Nadu

Sah Polymers shares settle over 37% higher in debut trade: Report

Shares of Sah Polymers on Thursday ended with a premium of over 37 per cent on the stock exchanges against the issue price of Rs 65

India, US establish new trade group to build sustainable supply chains

The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023

India to explore buying oil from Guyana in long-term deal, says govt

India's Petroleum Minister Hardeep Singh Puri met Guyana's President Mohamed Irfaan Ali on Thursday

India's Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body

Imports of soyoil gained 10.1% to 252,525 tonnes while sunflower oil imports jumped 23% to 194,009 tonnes, a release said

No TDS on remunerations, salaries or commission paid to partners: ITAT

The ITAT ruled that there is no requirement under the IT Act for the deduction of tax at source by the partnership firm on remuneration to partners

TCS revenue growth likely to slow down in FY24, says Fitch Ratings

After strong 3QFY23 results, TCS NSE 0.19 % (TCS NSE 0.19 %) revenue growth is likely to slow in financial year ending March 2024 (FY24) amid the global economic slowdown, according to Fitch Ratings