Page 795 - Economy & Policy News

Indians emerge as biggest beneficiaries of UAE raffle draw in 2022

Indians emerged as biggest beneficiaries of the UAE's leading weekly raffle draw Mahzooz, which has created 31 multi-millionaires in last two years, giving away over 350,000,000 dirham in prize money

November exports to key markets bounce back after October dip

Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October

India's jobless rate rises to three-month high of 8% in Nov: CMIE data

India's unemployment rate rose to 8.0% in November, highest in three months, from 7.77% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed

Demand to exploration: Key warning signals for India's gas industry in 2023

Consumers will be in trouble, given rising European demand from India's traditional suppliers, the absence of gas storage facilities and the lack of a clear LNG procurement strategy

Russia's domination over Indian crude market will continue in 2023: Experts

Sizeable discounts on Urals grade have helped evade new sanctions by western powers; fate of Russian supplies in Q1 of calendar 2023 rests on oil price movement

Outbound travel picks up, India remains top source for several countries

Travel from India increased significantly after resumption of direct flights in March, Turkiye Tourism Board said, with destination weddings contributing to arrivals

Power deficit rises slightly to 0.6% in Apr-Nov; demand surges around 11%

Experts said that power deficit happens mainly because of technical reasons. They opined that India is a power surplus state but sometimes discoms dont have funds to afford round-the-clock supply

PM's vision for 2023 is mobile phone exports of Rs 1 trn: R Chandrasekhar

PM Modi's vision for 2023 is to have mobile phone exports with the segment featuring in the top 10 export category from India, Minister of State for Electronics and IT Rajeev Chandrasekhar said

Unemployment rate rises to 16-month high of 8.30% in Dec 2022: CMIE

The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment rate slipped to 7.44% from 7.55%, the data showed

DPIIT working on new industrial policy; proposes scheme for Made in India

The proposed policy is aimed at addressing issues and challenges of industry through certain policy measures to foster and create an innovative and competitive industrial ecosystem in the country

How financial reforms can quicken pace for India to become a $5-trn economy

In the Union Budget for FY22, no funds were earmarked for recapitalising state-run banks. This was a decadal first, and will temper their eagerness to lend

Digital economy poised for strong 2023, says MoS IT Rajeev Chandrasekhar

India's digital prowess will grow in 2023 and over the next five years, driven by technology, start ups, semiconductors, electronics and computing, IT Minister Rajeev Chandrasekhar has said

Petrol, diesel sales surge in Dec as economy picks up momentum, shows data

India's petrol and diesel demand soared in December as increased consumption in agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed

Railways rolls out energy efficiency plan to meet 2030 net-zero target

Focuses on meeting non-traction demand through renewables

Dec 2022 GST collections stand at Rs 1.49 trillion, shows govt data

The GST collections for December 2022 stood at Rs 1.49 trn-- 2.5 per cent more than Rs 1.45 trn collected in November 2022, according to figures released by the Finance Ministry on Sunday

Govt lines up millet-centric activities as int'l year of millets kicks in

The government on Sunday announced it has lined up a series of millet-centric promotional activities across the country as the International Year of Millets (IYM) kicks in

Corporate tax collection to GDP ratio exceeds 3% after two years in FY'22

However, the corporate tax collection is yet to surpass its five-year high of 3.51 per cent of GDP recorded in 2018-19

India's coal production expected at 997 million tonnes in FY'24

Of the projected figure, state-owed CIL's output is likely to be 760 MT, followed by Singareni Collieries Company Ltd (SCCL) at 75 MT, and captive and others at 162.14 MT, according to government data

Top Headlines: SBI, LIC set to see new faces, worst yr for rupee since 2013

Business Standard brings you the top headlines at this hour

Over 150,000 Ayushman Bharat centres operational before Dec 31: Health Min

India has surpassed a notable landmark, as 150,000 Ayushman Bharat Health and Wellness Centres (AB-HWCs) have been operationalised before December 31, the Union Health Ministry said