Page 789 - Economy & Policy News

Economists peg India's FY24 growth at 6% after advance estimates

Say expectations of easing inflation levels, good rabi output will be supportive of domestic demand

Financial inclusion, remittance cost focus areas in G20 meeting

In Kolkata, apart from the plenary meetings, there would be a symposium that would see participation of 12 international speakers

DPIIT working on policy for auction of salt land to private players

The Department for Promotion of Industry and Internal Trade (DPIIT) is working on formulating a policy for auction of salt land to private players, sources said

Govt engaging with diff layers to ensure EoDB aid reach ground level: FM

Finance Minister on Sunday said the central government is engaging with states and local administrations to ensure that benefits of Ease of Doing Business (EoDB) initiatives reach the ground

Urgent action needed to dilute risk of downturn, says World Bank

Even without another crisis, global growth this year "is expected to decelerate sharply" the World Bank said

Remittance cost for workers outside India may drop to 3% by 2027: Official

G20 leaders have attached a lot of importance to the high remittance cost for workers outside India, and efforts are underway to bring the rate down to an average of 3% by 2027, a top official said

Centre creating ecosystem to benefit each of 140 crore Indians: NCGG chief

The Centre is creating an ecosystem where each of 140 crore Indians can take benefit of government policies, chief of National Centre for Good Governance (NCGG) Bharat Lal said on Sunday

Huge potential to boost exports of processed food: Trade Promotion Council

India's agri exports are growing at a healthy pace and there is a need to focus on the processed food sector as it holds huge potential to boost the country's outbound shipments, TPCI said on Sunday

Statsguru: Opening door to foreign universities to set up campuses in India

Student numbers have grown meanwhile, with over 9.4 million students completing their studies annually

Allow deductions, hike threshold for levying peak 30% tax: Experts

The scheme, however, has not gained traction as in several cases it resulted in a higher tax burden

Piyush Goyal to attend India-US Trade Policy Forum on January 11

The TPF aims to iron out key trade and investment-related issues between India and its largest trade partner - the US

Gas pricing up in the air: 2023 to see new trading products from exchanges

New trading products could be the start of India's attempt to create a domestic price benchmark and derivatives contract market, and the tapering of the administered price regime

Ceiling fans get costlier as BEE's revised norms mandate star labelling

Ceiling fans would likely get costlier by 8% to 20%

Ahmedabad sees maximum rise in office supply last yr among 9 cities: CBRE

Ahmedabad saw the maximum increase in fresh supply of office space in 2022 among the nine major cities, with more than a five-fold jump to 4.6 million square feet, according to CBRE India

MoRTH confident of achieving highway construction target of 12k km in FY23

The Ministry of Road Transport and Highways is confident of achieving the highways construction target of 12,000 kilometres for the current fiscal, its secretary Alka Upadhyaya said

Coal-based power generation rises 15% to 98,443 million units in Dec

Country's coal-fired power generation increased by 15.03 per cent to 98,443 million units (MU) in December, as per official data

Tech, engineering sectors lead office space absorption in Oct-Dec 22: Study

Bengaluru led the rank in office space absorption, followed by New Delhi-NCR and Pune dominated large-size deal closures in 2022

As deadline ends, Centre gets multiple bids for majority stake in IDBI bank

The government, which owns 45.48% of IDBI Bank, is looking to divest a 30.48% stake in the lender

Govt to focus on micro-credit facility for street vendors in 2023: Vaishnaw

govt will enhance its focus on providing micro-credit facility in the range of Rs 3,000-5,000 to street vendors in 2023, with the help of digital technologies, Union IT and Telecom Minister said on

RBI optimistic about growth, says fundamentals of Indian economy sound

The fundamentals of the Indian economy, according to the RBI, are sound and resilient and it is confronting strong global headwinds