Page 807 - Economy & Policy News

No info from state govts about deadlock between VCs, chancellors: Centre

The Centre has not received any information from state governments about deadlocks between university vice-chancellors and chancellors, Rajya Sabha was informed on Wednesday

Inflation to decline more; govt on track to meet fiscal deficit target: FM

FM Sitharaman exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India

India gets support on its proposed finance track priorities for 2023 at G20

First G20 Finance and Central Bank Deputies Meeting saw broad support on proposed priorities of India's G20 Finance Track agenda for 2023, Secretary in Department of Economic Affairs Ajay Seth said

Govt intends to promote freshwater fishing: Minister Nilkanth Halarnkar

Minister for Fisheries Nilkanth Halarnkar on Wednesday said that the government intends to promote freshwater fishing to increase the fish production and to fulfill the demand of fish in the state

FinMin lifts ban on printing of calendars by ministries after 2 years gap

The Finance Ministry has lifted the ban on the printing of calendars by ministries and departments after a gap of two years

ADB keeps India's GDP growth unchanged at 7% for current financial year

Inflation in India is still expected to rise to 6.7 per cent in 2022-23 before falling back to 5.8 per cent

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

Russia replaces Iraq as top oil supplier to India in Nov with 23% share

India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed

Worsening global outlook: ADB lowers growth forecast for developing Asia

Asian Development Bank has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook

Govt will further bring down inflation: FM Sitharaman in Lok Sabha

Finance Minister Nirmala Sitharaman assured the Lok Sabha that the government will take measures to further ease inflation, which has dipped below the RBI's upper tolerance level of 6%

Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

Vaishnaw says Railways' expenses high, hints at no senior citizen allowance

Railways Minister Ashwini Vaishnaw hinted that the concessions given to the senior citizens in the railways may not be restored as pension and salary bills of the public transporter are very high

Nearly 979,000 posts vacant in central government departments: Centre

There are around 979,000 vacancies in the central government for different posts and departments, the Lok Sabha was informed on Wednesday

Higher penetration doubles quarterly MSME loan disbursals since 2020: Rpt

The disbursals have been led by increased penetration as the approval rate for medium risk loans remained stagnant between FY21 and FY22: MSME Lending Report 2022

India-China trade rises 34% in FY22 thwarting Centre's self-reliance goals

Total merchandise trade between India and China rose 34% to $115.83 billion in the 12 months to March 2022

India has 350 mn digital payment users, count set to double by 2030: Report

India currently has around 350 million online transacting users across e-commerce, shopping, travel and hospitality, and OTT and the number is set to double by 2030, a new report showed on Wednesday

India's November wholesale inflation eases to 21-month low of 5.85%

WPI-based inflation remained below the double-digit mark for second consecutive month in November

Success rate of startups in India higher than rest of world: Goyal

The success rate of startups in India is relatively higher than the rest of the world and there were 84,012 recognised startups in the country at the end of November, Piyush Goyal said

UP govt delegations invite overseas investments across sectors in state

Several countries have evinced interest in investing in sectors like defence manufacturing in Uttar Pradesh and also participate in the Global Investors Summit to be held in February next year

The $60 price cap on Russian oil may not hit Indian purchases: Report

India mostly buys the Urals crude from Russia. This grade made up 80% of India's oil imports last month