Page 815 - Economy & Policy News

Brace for climate tariff walls, FM Nirmala Sitharaman cautions India Inc

Says the upcoming Budget will continue to push growth

Windfall profit tax on crude slashed; tax on diesel, ATF export cut

The government has slashed windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a decline in global oil prices, according to an official order

RBI's central board reviews current economic situation, challenges

The central board of the Reserve Bank on Friday reviewed the prevailing economic situation and challenges emanating from geopolitical developments

India all set to achieve $5 trillion economy target by FY25: Nitin Gadkari

India is the fastest growing major economy in the world and is all set to achieve $5 trillion GDP by 2024-25, Union Minister Nitin Gadkari said on Friday

Cabinet okays bill decriminalising minor offences to push ease of doing biz

The Union Cabinet has approved a bill to decriminalise minor offences by rationalising related provisions under different ministries to ensure ease of doing business, sources said on Friday

Exports rise marginally to $32 bn in Nov; trade deficit lowest in 7 months

Imports at 10-month low of $55.88 billion, trade deficit lowest in 7 months

Wheat stocks at six-year low; prices touch fresh high, shows data

Government says stock adequate to meet all PDS and PMGKAY needs

PLI scheme to deliver modest capex push across sectors: Credit Suisse study

Scheme is skewed towards assembly-based operations for attaining peak revenue targets, but they make the least capex investment

Indian steel mills hopeful as demand rises, China eases Covid curbs

Prices have plummeted some 29% in domestic market after peaking in April

Apparel exports arrest fall, rise by 11.7 pc in Nov: AEPC Chairman

Apparel exports in November rose by 11.7 per cent to about USD 1.2 billion after declining for the last few months amid global challenges, export promotion body AEPC said on Friday

No separate law yet to regulate digital media, says IT Ministry

There is no proposal yet to enact a separate law to regulate the digital media, and the matter is currently under consideration, said the Ministry of Electronics and IT on Friday

Six years after entering water, navy's latest destroyer to join the fleet

India building 1-2 capital warships yearly; China builds 6-9

Ficci releases roadmap to achieve 600 mn jobs, 6x rise in income by 2047

The roadmap also focuses on doubling female participation in the labour force to 45-50%, cut carbon emissions by 80-100%, and provide access to clean water for all

India to remain top buyer of Russia's Urals crude in Dec, says report

India is taking most of Russia's Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data

AP govt to release Rs 6,500 crore to SHGs under YSR Asara scheme in Jan

The Andhra Pradesh Government will be releasing around Rs 6,500 crore to beneficiaries in the third phase of YSR Asara Scheme next month, an official release said on Friday

Indo-US Trade Policy Forum meet likely to be held in early 2023

India-US Trade Policy Forum meet is expected to be held in the US early next year and both the countries are working on achieving a substantial agenda for the same, the commerce ministry said

All services in J&K to go online by Jan 15, says Chief Secretary

Jammu and Kashmir Chief Secretary, Dr Arun Kumar Mehta on Friday impressed upon all the offices to make online all the services provided by them by January 15 next year, an official statement said

Crude oil imports up 52.58% to $146.57 bn in Apr-Nov: Comm min data

The country's imports of Crude oil rose by 52.58 per cent to USD 146.57 billion during April-November period this fiscal, according to the data of the commerce ministry

SDGs like no poverty, zero hunger priority for govt: Jitendra Singh

Union Minister Jitendra Singh on Friday said most of the 17 SDGs like no poverty, zero hunger and gender equality are the main priority areas of the Modi model of governance

Wheat stockpiles above buffer stock norm as of Oct, says Piyush Goyal

India's stockpile of wheat was above buffer stock norm at the last scheduled count on Oct 1 and the next such quarterly review which takes into account seasonal procurement cycle, will be due on Jan 1