Page 783 - Economy & Policy News

DoT may approach LawMin for clarity on spectrum allocation to entities

The DoT will likely enquire on whether the spectrum is to be given administratively or through auction.

NARCL gets Centre's blanket guarantee worth Rs 15,300 crore: Report

The banks will now be able to rely on government guarantees on the stop security receipts (SRs) issued by the NARCL during the liquidation proceedings

India, US 'thinking big', says Goyal, rules out mini trade deal or FTA

'I think in terms of GSP, I have not heard any significant clamour from the Indian industry. To focus our energies on the GSP issue, I have raised it today with my counterparts'

India, US working mechanism to export shrimps for Americans: Piyush Goyal

India and the United States are developing a mechanism for the Indian fishermen to be able to export shrimps for the American consumers, Union Commerce and Industry Minister Piyush Goyal said

Delay in business visa issuance discussed with US, says Piyush Goyal

India discussed with the US the inordinate delays in issuance of business visas to the people from India, and there has been a good resonance of it by the Americans, Union Minister Piyush Goyal said

Centre ready to test green bond market with debut $2 billion sale

India is putting its first sovereign green bond on the radar of some of its biggest domestic asset managers, including state-run insurers and pension funds as well as foreign investors

India eyes overseas copper, lithium mines to meet domestic shortfall

"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"

Govt to discontinue import of crude soybean oil under tariff rate quota

TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports

MP will play vital role in India's developmental journey, says PM at GIS

MP will run like a cheetah; become a $550-bn economy by FY27: CM

Sitharaman, UK chancellor of exchequer discuss bilateral issues, G-20

India has assumed the presidency of G20 for the current year

India may exempt 30 GW of solar plants from equipment duty: Report

In March 2021, the government announced 25% basic customs duties on solar photovoltaic cells and 40% on solar photovoltaic modules with effect from April 1, 2022

Capital expenditure by CPSEs at 68% of FY23 target by December

Petroleum CPSEs and National Highways Authority of India (NHAI) have so far driven the capex among CPSEs

At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10

The finance ministry issued refunds amounting to Rs 2.4 trillion till January 10

Cost of living crisis, digital inequality among risks for India: WEF

World faces unsustainable levels of debt, era of low growth, de-globalization: Report

Food security scheme to cover 800 mn poor named as PMGKAY: Centre

The move also comes amid Opposition's criticism over the government discontinuing free monthly distribution of 5 kilograms of foodgrains to poor people under a scheme that was also known as PMGKAY

Cabinet nod for setting up of three new multi-state cooperative societies

It will develop a system for the preservation and promotion of indigenous natural seeds through various cooperative societies across the country with support from relevant ministries

Cabinet clears Rs 2,600 cr to promote RuPay debit card, BHIM transactions

The scheme was first announced in FY22 Budget with a financial outlay of Rs 1,300 crore

CBIC to release list of identified goods to check undervaluation of imports

The CBIC on Wednesday came out with a mechanism to check the undervaluation of imported goods under which two committees comprising tax officers will be set up for screening and evaluation

India-US Trade Policy Forum to boost bilateral trade and investment

The US is also the biggest FDI investor in India in terms of equity, as per the Reserve Bank of India's (RBI's) latest FDI data, with Rs 8.1 crore, accounting for 16.9 per cent share in 2022

Andhra releases Rs 395 crore towards interest-free loans for traders

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Wednesday released Rs 395 crore under Jagananna Thodu for interest-free loans