Page 801 - Economy & Policy News

India may need some durable liquidity infusion: MPC member Ashima Goyal

In a Q&A, she says the majority opinion is that the country has handled the turbulence well and can do so again, though the probability is low in the immediate future

India's growth rate to be 6.4% for next 5 years: UK-based research centre

Cebr further said that India had an estimated PPP-adjusted GDP per capita of $8,293 in 2022, categorising it as a lower middle-income country

What does 2022 tell us about Indian economy in 2023?

As the year comes to a close, the country has emerged as a bright spot in an otherwise dark global economic horizon. But, does that mean that all was well on the economic front in 2022? Let's find out

Question mark over fate of central govt projects in Congress-ruled Himachal

The gears of state development appear to be grinding to almost a halt over politics that is getting bad, remarked a newly elected Congress legislator

Global smart home devices market may shrink 2.6% to 874 mn units in 2022

Worsening macroeconomic conditions have led to a reduction in the outlook for global smart home device shipments

Ujjwala scheme: Rs 200 subsidy per cylinder to be extended one more year

The main motive of the extension is to improve the penetration in north-east India, a government official said

Pharma exports likely to touch all-time high of $27 bn in FY23 riding on EU

Better figure expected despite global headwinds; India has so far exported pharma products worth $16.57 bn during April-November this year

Dipam seeks to make dividends from PSUs part of disinvestment target

The government is half way against the disinvestment target of Rs 65,000 crore for the current fiscal year

Centre saves subsidy and wheat stocks by making PDS free, ending PMGKAY

If PMGKAY was continued beyond December 2022, at least Rs 40,000 crore would have got spent for three months (Jan to March)

Europe set the bar on Russian gas high enough to leave India unaffected

The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high

DESH Bill may let companies have obligation of choice: Govt official

This may ensure no single mandatory export commitment

Reduce customs duty on critical raw material for aluminium sector: Assocham

Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry

Spending bill aids retirees, and boosts financial services industry

A section of the $1.7 trillion spending bill passed has been billed as a dramatic step toward shoring up retirement accounts of millions of US workers

29 lakh cards will be made for BPL families in Haryana, says CM Khattar

Haryana Chief Minister Manohar Lal Khattar addressed the public at the state-level 'Good Governance Day' function in Panchkula on Sunday

Parl panel concerned over poor fund usage for smart meters manufacturing

A Parliamentary panel has expressed disappointment over poor utilisation of budgetary allocation of the Centre's National Smart Grid Mission (NSGM)

Ludhiana division tops Goods and Services Tax collection in Punjab

Maintaining its top position in the collection of GST in Punjab, the Ludhiana division leads in both collection and growth rate in the first eight months of this fiscal, the government said on Sunday

5G to digital rupee, India made great strides in digital domain in 2022

2022 has seen India make great strides in the digital domain

Road transport and highways sector has maximum delayed projects: Report

The road transport and highways sector has the maximum number of delayed projects at 358, followed by railways at 111 and the petroleum sector at 87, showed a government report

DPIIT seeks views of ministries on draft national retail trade policy

The DPIIT has sought the views of 16 departments and ministries on its draft national retail trade policy, which is aimed at the overall development of all formats of the sector, an official said

Nearly 80% reserved Railway tickets are sold online: Ashwini Vaishnaw

Minister of Railways, Communications and Electronic and Information Technology, Ashwini Vaishnaw said that about 80 per cent of railway reserved tickets are booked online