Page 796 - Economy & Policy News

FMCG companies see some respite in rural demand in last two weeks

While it is too early to say that rural demand has revived but this is the first time demand for consumer goods have witnessed green shoots

CGD, fertilisers to drive demand for domestic natural gas: CRISIL

The growth is in line with the government's target to increase the share of natural gas in its energy mix to 15 per cent by 2030 as part of its environmental commitments

Inflation kept MPC occupied in 2022, but may not hurt growth for now

Economists and businesses await to see what will be committee's stance in 2023

Core sector rebounds sharply to grow at 5.4% in November: Govt data

Double-digit growth in cement, coal, steel

Centre's fiscal deficit for April-November period at 58.9% of FY23 target

In fact, in November the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year

CASA drives 9.4% YoY moderation in deposit growth even as FDs stay buoyant

Credit growth sustains momentum at 17.4%, but it has come off the peak

Retail inflation for industrial workers eases to 5.41% in November

Food inflation stood at 4.30 per cent in November 2022 against 6.52 per cent of the previous month (October 2022) and 3.40 per cent during the corresponding month (November 2021) a year ago

Tax collections up by 29.66%, to enable govt roll out tax reforms

With such a surge in tax collections, government would look to unleash reforms in the coming 2023-24 fiscal, especially as far as tax administration is concerned

India to take up affordability of energy, foodgrains issue at G20 strongly

External Affairs Minister S Jaishankar underlined that during G20 presidency, India intends to take up issue of affordability and accessibility to energy, foodgrains and fertilisers "very strongly"

India likely to ban unbacked crypto assets, stablecoins and DeFi, says RBI

Under G20 presidency, one of priorities is to develop framework for global regulation, including possibility of prohibition of unbacked crypto, stablecoins and DeFi, Reserve Bank of India has stressed

India's forex reserve falls by $691 mn, 2nd consecutive week of decline

India's forex reserves dropped by USD 691 million to USD 562.808 billion as of December 23, making it the second consecutive week of decline in the kitty, according to the RBI data.

Wheat exports rise 30% to $1.5 billion in Apr-Nov: Commerce ministry

Though the government banned wheat exports in May, some shipments are allowed to meet the food security needs of the countries that request it

Mumbai Dec home sale registrations added Rs 821 cr to state revenues: Study

Need for home ownership drives demand; over 100,000 sale deeds registered for second year on trot in 2022. In fact, registrations were up 9% YoY in 2022, to hit a 10-year high

200,000 primary dairies to be set up at village level across country: Shah

Union Minister of Cooperation Amit Shah said two lakh primary dairies will be set up at village level across the country in three years, which will associate farmers with the white revolution

Govt allows import of lentils, vegetable oil at lower duty until March 2024

India imports more than two-thirds of its edible oil needs and has been struggling to contain a rally in local oil prices over the last few months

Core sector output rises by 5.4% in November vs 3.2% YoY: Govt data

Production of eight infrastructure sectors like coal, fertiliser, steel, cement and electricity increased by 5.4% in Nov against a 3.2% growth in the same month last year, according to official data

To bring iPad manufacturing to India, govt may allow Chinese JVs: Report

Several global companies are exploring a China Plus One strategy to avoid supply chain bottlenecks as the world's second largest economy grapples with a surge in COVID-19 infections

Fiscal deficit touches 59% of full-year target in November at Rs 9.78 trn

The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA)

Tamil Nadu starts packages for green tech, rural impact, women-led startups

50% hike in grants for special-category startups; MentorTN portal to help budding startups reach out to established entrepreneurs, professionals and subject matter experts

113 million households got employment under MGNREGS in 2022: Report

Under Pradhan Mantri Gram Sadak Yojana (PMGSY), the ministry constructed 39,413 km road length and 1,394 bridges with an expenditure of Rs 23,364 crore