Page 810 - Economy & Policy News

One in two urban Indians investing more post Covid: DSP MF-YouGov Survey

45% respondents raised their investments as pandemic forced a rethink on financial health, 23% slashed it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss

Rajasthan is making efforts to achieve Rs 1 trn exports target: REPC chief

Rajasthan has traditionally exhibited strength in the export of handicrafts, gems and jewellery, dimensional stones, agro & food, and textile products

'Proving identity of re-imported goods essential for claiming exemption'

Funds held in the foreign currency accounts of SEZ units cannot be loaned or made available to any person or entity resident in India, not being a unit in Special Economic Zones

Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector

The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years

Gems, jewellery exports rise 12% to Rs 19,855 crore in November: GJEPC

The gems and jewellery exports grew 11.83 per cent to Rs 19,855.17 crore in November compared to the year-ago period on the back of resumption of manufacturing activities after Diwali, GJEPC said

GST Council meeting: Panel for raising threshold for offences to Rs 2 cr

GST Council will also consider a ministerial panel report on setting up GST Appellate Tribunals

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters

The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback

Trai suggests using defence optical fibre for telecom coverage in Himachal

Trai suggested that the Department of Telecommunications should approach the defence ministry for accessing part of its optical fibre network or suitable bandwidth to extend telecom coverage in HP

Bill to promote non-fossil energy sources, carbon credit trading passed

The bill provides for penalties for violations by industrial units or vessels, and on manufacturers if a vehicle fails to comply with fuel consumption norms

No proposal for restoration of old pension scheme: Bhagwat Karad

Under the old pension scheme, employees get a defined pension. Under this, an employee is entitled for a 50 per cent amount of the last drawn salary as pension

Promote felx-fuel vehicles to tread crude oil price fluctuation: Gadkari

Union minister Nitin Gadkari said that the country needs to promote flex-fuel vehicles and e-mobility to tide over the problems created by wide fluctuations in crude oil prices in international market

Economy was in ICU but now India growing the fastest: FM Sitharaman

The minister's remark came during the Question Hour after Congress member from Telangana A Revanth Reddy raised the issue of depreciation of the rupee against the dollar

Over 60% of returns filed for amount less than Rs 5 lakh, shows data

Higher tax exemption slabs may exclude significant numbers from existing pool

World's play store: India scripts a local toy story, turns a net exporter

India is likely to extend the production-linked incentive (PLI) scheme to domestic toy manufacturers after Chinese toys were found to be "unsafe"

Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

Slow-paced earnings recovery for domestic airlines due to high ATF prices

Amid recovery in domestic passenger traffic in FY2023, the earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices in addition to the rupee depreciation against US dollar

Indian leather, footwear exports to WANA region up by 20% in 2022

Indian footwear and leather exports to West Asia and North Africa (WANA) region have registered an exponential growth of 20 per cent in the first half of 2022, officials said on Monday

India, UAE want to use relationship to shape changing world: Jaishankar

India and the UAE signed UAE-India Comprehensive Economic Partnership Agreement (CEPA) in February this year

RBI sells $33.42 billion in Apr-Sep FY23 to curb rupee volatility

The central bank closely monitors the foreign exchange markets and intervenes only to maintain orderly market conditions by containing excessive volatility in the exchange rate

India's Nov retail inflation eases below 6% for the first time this year

India's annual retail inflation eased below its central bank's upper tolerance level for first time this year in November, on the back of softer rise in food prices, easing pressure on policymakers