Page 805 - Economy & Policy News

RBI to issue next tranche of sovereign gold bonds from Dec 19-23

The bonds can be used as collateral for loans

Quality control order to control inferior silk import on the cards

The minister's comments were in response to a question of poor quality silk coming into the country from China

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

Madhya Pradesh govt targets jump on the 'India Innovation Index'

Madhya Pradesh is focusing on promoting growth through innovation in economic sectors such as agriculture, health care, education and energy

No consensus in GoM report on GST framework for online gaming

The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the all-powerful GST Council meeting on Saturday

NITI Aayog, UNDP launch fifth 'Youth Co:Lab' for social entrepreneurs

NITI Aayog's Atal Innovation Mission (AIM) and UNDP India on Thursday launched the fifth edition of 'Youth Co:Lab' to support young social entrepreneurs

Six non-BJP ruled states have not reduced VAT on petroleum products: Puri

West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Hardeep Singh Puri said

Increase personal I-T exemption limit to Rs 5 lakh in Budget: Assocham

Industry body Assocham on Thursday made a strong case for doubling the income tax exemption limit to Rs 5 lakh in the forthcoming Budget so that the economy gets a consumption boost

Water, mines, funds: How states, centre tackle their differences on issues

Some differences are between states, like over land and water, and some with the centre, on fishing rights and drugs

Govt consider increasing sugar export quota after evaluating local output

The government may consider increasing sugar export quota for the current 2022-23 marketing year after assessing the domestic production in January

Govt consideing quality control order for silk import: Piyush Goyal

The government is considering to bring quality control order for silk with an aim to contain import of the sub-standard product and boost domestic industry, Commerce and Industry Piyush Goyal said

Govt to support farmers to produce more pulses, streamline imports

The govt on said it will take steps to support farmers for increasing pulses production and also streamline imports as part of its objective to make available the products at affordable rates

G20 mulls converting its global infra hub into a multilateral body

Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery

ICAR-IARI develop drought-tolerant, high-yielding chickpea 'Pusa JG 16'

The government's research organisations ICAR and IARI have developed drought tolerant variety of chickpea 'Pusa JG 16' that has potential to boost yield of chickpea in central India

India eyes record rapeseed crop as high prices prompt farmers to plant more

Higher rapeseed production could help India, the world's biggest importer of vegetable oils, cut expensive overseas purchases of cooking oils that cost the country a record $18.9 billion in the fiscal

Warehousing and logistics supplies likely to double by 2030: Report

Warehousing and logistics supplies are likely to double to cross 700 million square feet by 2030, for which more than USD 20 billion additional investment is needed, a report said on Thursday

Credit Suisse says India growing faster than what official data shows

India growing faster than what official data shows and it presents a case for an upgrade of equities outlook, the Swiss brokerage says

India may split planned mega refinery into several refineries: Reports

Delays in acquiring a 15,000-acre land parcel have almost stalled the project, initially planned for 2025, and boosted costs by 36% to $60 billion, as per estimates made in 2019

Loans of Rs 7.62 trillion provided to thermal power plants in India: Report

Loans amounting to Rs 7.62 lakh crore have been provided by 84 lenders, both national and international, to thermal power projects in India, with a capacity of 1,000 MW and above between 2005-2022

No shine in Surat diamond industry this Christmas, thanks to bad US economy

Festive orders, sales in December down by 15-20% over last year