Page 797 - Economy & Policy News

2022: When high prices ate into rural earnings more than in urban areas

War, weather and excess liquidity impacted Bharat, though year-end saw things looking up a bit

India's battle against inflation to continue amid global uncertainties

After remaining above the Reserve Bank's comfort level of 6% for most part of this year, retail inflation is slowly easing, and efforts are likely to continue to further reduce it in the coming months

Budget primer: Understanding govt expenditure and its various types

Its importance is seen in its ability to hugely influence the nation's economy, as it reflects aggregate demand in addition to household consumption, business investment, and net exports

Telecom set for 5G, to attract Rs 1.5 trn in 2023; tariff hikes likely too

The Adani group is yet to unveil its full-fledged plan for the telecom business, Reliance Industries Chairman Mukesh Ambani has committed Rs 2 trn investment for rolling out a 5G network by Dec 2023

PM Modi to launch railway projects worth over Rs 5,800 cr in Bengal

The projects include the inauguration of the Joka-Taratala stretch of the Joka-Esplanade Metro Project (Purple Line) and the flagging off of the Howrah-New Jalpaiguri Vande Bharat Express

Top headlines: PM Modi's mother passes away, bank's NPA ratio at 10-yr low

Business Standard brings you the top headlines at this hour

Delhi govt okays new draft solar policy, aims for 25% solar power share

Delhi govt gave a green signal to the new draft solar policy, 2022, which aims to enable 25 per cent of the national capital's annual electricity demand to be met by solar power by 2025

Trai recommends 10-year renewal for multi-system operators' registrations

The authority recommends that all such registrations should be deemed to expire after eight months from the date of implementation

Food processing industry invests Rs 4,900 cr under PLI scheme so far: Govt

The government on Thursday said the food processing industry has made an investment of Rs 4,900 crore under the production-linked incentive (PLI) scheme so far

Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das

Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted

India's external debt at $610 billion in Q2 FY23; declines by $2.3 billion

India's external debt stood at $610.5 billion in the second quarter of 2022-23, down by $2.3 billion from end-June 2022, the finance ministry said on Thursday

India's current account deficit in July-Sept rises sharply to 4.4% of GDP

The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12 billion from $9.8 billion a year ago

Frontloaded actions to bring inflation further under control: RBI report

India's retail inflation has moderated after remaining above upper tolerance level since Jan and frontloaded monetary policy actions are expected to bring it further under control, RBI report said

India unlikely to join Ukraine 'grain corridor', says MEA spokesperson

India is unlikely to join the Ukraine 'grain corridor', the External Affairs Ministry said, adding bilateral mechanisms are in place for India to extend food grain assistance to several countries

Centre's share of cess and surcharges nearly double in three years

Experts say finance commission needs to provide clarity on whether cess should be shared with states

NPS guaranteed return product to have floating rates, reset every year

Guarantee benchmarked to the rate of return on ten-year government security

Organised gold jewellery retailers' revenue to grow 23-25% in FY23: Report

The organised jewellery retailers are expected to witness 23-25 per cent revenue growth this financial year on pent-up demand and recovery in discretionary spending, according to a report

Maha farmers to get 500,000 solar pumps under Kusum Yojana: Dy CM

The Maharashtra government plans to provide solar pumps to five lakh farmers under the Centre's Pradhan Mantri Kusum Yojana, Deputy Chief Minister Devendra Fadnavis said on Thursday

MCD allocates over Rs 13 crore desilting of drains under its jurisdiction

The Municipal Corporation of Delhi (MCD) on Thursday announced it has allocated more than Rs 13 crore for desilting of drains under its jurisdiction for the next year

Residential real estate sales to lag commercial in FY23: CRISIL

On the commercial real estate front, after a healthy performance in the first half of this financial year, net leasing will slow down in the second half owing to fears of an impending global recession