Page 785 - Economy & Policy News
Small, mid CPSEs likely to be on Centre's FY24 disinvestment list
Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March
 "Small, mid CPSEs likely to be on Centre's FY24 disinvestment list")
Indian economy to grow at a robust 6.6% in FY24, says World Bank
'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession
 "Indian economy to grow at a robust 6.6% in FY24, says World Bank")
This Budget's focus should be on expenditure, not taxation: Pronab Sen
Revival in capex in the non-corporate sector, which is our MSME (micro, small, and medium enterprises) sector, is beginning now
 "This Budget's focus should be on expenditure, not taxation: Pronab Sen")
RBI not seen taking eye off inflation as prices may stay sticky in 2023
'Govt to continue fiscal prudence,' say bankers at book launch of Roller Coaster - An Affair with Banking by veteran journalist Tamal Bandyopadhyay
 "RBI not seen taking eye off inflation as prices may stay sticky in 2023")
Rupee gains nearly 100 paise in two days to below 82 against dollar
Overseas flows, lack of RBI dollar buys behind best rupee showing in 2 months
 "Rupee gains nearly 100 paise in two days to below 82 against dollar")
DESH Bill deadlock likely to force Cabinet secretary to step in
The department of commerce finalised the new proposed SEZ law and sought inter-ministerial comments in June last year, with an aim to table it in the Monsoon Session of Parliament
 "DESH Bill deadlock likely to force Cabinet secretary to step in")
World's focus must be on women-led development: Munda at G20 event
India's G20 presidency seeks 'human-centric globalisation', says Union tribal affairs minister
 "World's focus must be on women-led development: Munda at G20 event")
Fitch sees risks to India's target of raising natural gas' energy share
This is despite resilient demand from city gas distribution (CGD) networks and rising domestic production
 "Fitch sees risks to India's target of raising natural gas' energy share")
Luxury carmakers likely to see faster electric vehicle transition
Buyers less price-sensitive; Mercedes, BMW expect double-digit growth
 "Luxury carmakers likely to see faster electric vehicle transition")
Govt will soon launch new PLI scheme for IT hardware: Union minister
The scheme will provide additional incentives for manufacturers and original equipment manufacturers (OEMs) who incorporate Indian-designed IP into their systems and products
 "Govt will soon launch new PLI scheme for IT hardware: Union minister")
India extends anti-dumping duty on jute imports from Nepal, Bangladesh
Jute products are primarily used in packaging; geotextiles like landfill covering, and embankment reinforcement; protection of rooting plants; handbags, and all types of stiff bags
 "India extends anti-dumping duty on jute imports from Nepal, Bangladesh")
Defence ministry approves capital procurement proposals worth Rs 4,276 cr
The procurement proposals were cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh
 "Defence ministry approves capital procurement proposals worth Rs 4,276 cr")
UIDAI urges verification entities to comply with Aadhaar usage hygiene
Organisations conducting an offline verification of an Aadhaar number holder for a lawful purpose are called OVSEs
 "UIDAI urges verification entities to comply with Aadhaar usage hygiene")
Remittances from overseas Indians increased by 12% in 2022: FM Sitharaman
The government is strongly presenting India to multinational companies as a country where they can set up their factories apart from China and the EU, Finance Minister said
 "Remittances from overseas Indians increased by 12% in 2022: FM Sitharaman")
Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman
The government aims to shrink the gap to below 4.5% of GDP by 2025-26
 "Govt likely to consolidate fiscal deficit to 5.9% of GDP in FY24: Goldman")
Govt will soon launch new PLI scheme for IT hardware: Rajeev Chandrasekhar
The minister further said the Centre is also focused on Digital India RISC-V (DIR-V) programme for next generation microprocessors
 "Govt will soon launch new PLI scheme for IT hardware: Rajeev Chandrasekhar")
PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report
PE investments into domestic companies fell sharply YoY by 42 per cent to USD 23.3 billion in 2022, which is the lowest since 2019, when it was USD 15.8 billion, according to an industry report
 "PE inflows plunge 42% to $23.3 bn in 2022, lowest since 2019: Report")
Telecom Sector Skill Council to place over 125,000 youth with focus on 5G
The Council said that the new training labs and CoEs will be set up at the ITIs and premier universities in a "hub and spoke model"
 "Telecom Sector Skill Council to place over 125,000 youth with focus on 5G")
Govt expects utilities' annual coal demand to surge 8% to 821 mn tonnes
State-run Coal India, which accounts for 80% of India's coal production, is seen supplying 620 million tonnes to the power sector in 2023-24, compared with a projected 580 million tonnes in 2022-23
 "Govt expects utilities' annual coal demand to surge 8% to 821 mn tonnes")
'Use India made goods and services': FM Nirmala Sitharaman tells diaspora
Nirmala Sitharaman said that for the next 25 years, India is focussing on the four 'I's - Infrastructure, Investment, Innovation and Inclusion
 "'Use India made goods and services': FM Nirmala Sitharaman tells diaspora")