Page 825 - Economy & Policy News

Waiting for private sector to take the lead on capex: CEA Nageswaran

'Not necessary or healthy for public sector to keep expanding capital investment,' he says

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Two-wheeler companies get over 2-year breather on emission sensor

Rule deferred as trial results were 'far from satisfactory'

Finance ministry likely to target fiscal deficit of 5.5-6% in FY24 Budget

This means the government will stick to its fiscal consolidation road map, which envisages a deficit of 4.5 per cent of GDP by FY26

Forex reserves at a three-month high; $11 billion added in a week

Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases

All-India average wholesale prices of wheat up 22% so far this year: Govt

Average wholesale price of wheat rose 22 per cent across India to Rs 2,721 per quintal in November from Rs 2,228 per quintal in January this year, the government data showed

Tamil Nadu to achieve carbon neutrality before India's 2070 target: Stalin

State govt has set up the Tamil Nadu Governing Council on Climate Change, the first such to be headed by a CM

Fuel demand in India hits eight-month peak in November amid festivals

Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data

India's forex reserves rise for fourth week, hit over 3-month high

The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions

Wheat sowing up 25% so far this rabi season at 25.576 million hectares

Wheat acreage has increased by 25 per cent so far in the onging rabi season at 255.76 lakh hectares mainly on higher sowing area in Uttar Pradesh and Madhya Pradesh, the government data showed.

UK-based Nithia Capital eyes 3.5 MT steelmaking capacity in India: CEO

Government infrastructure will fuel domestic steel consumption for two years, says Jai Saraf

Union Budget: Understanding the GDP, GVA and the difference between the two

While GDP measures the total value of products and services a country manufactures or delivers, GVA measures the value added to product in order to enhance their worth

India's Nov thermal coal imports at 10 month-low as local output soars

Imports fell mainly due to higher production by state-run Coal India, which accounts for 80% of India's coal output

Australian investors meet UP CM Yogi to discuss opportunities in state

A delegation of Australian investors on Friday met Uttar Pradesh Chief Minister Yogi Adityanath at his official residence here

Govt seeks Parliament nod for net additional spending of Rs 3.25 tn

The move is spurred by a jump in expenditure on fertiliser and food amid the Ukraine crisis

Govt hopes to meet Rs 65,000 cr FY23 disinvestment goal via offer for sale

DIPAM has so far raised Rs 62,000 crore including dividends of Rs 34,000 crore, says Tuhin Kanta Pandey

78% of frontline workers in Delhi NCR employed in e-commerce sector: Survey

During pandemic, consumer sentiment improved for SMEs that went online, leading to a spike in frontline jobs, revealed study by BetterPlace, a tech platform for blue-collar workforce management

Rising gas prices constrain CNG penetration in commercial vehicles: Icra

Rising gas prices have constrained CNG penetration in commercial vehicles to 9-10 per cent in the current fiscal from peaks of 16 per cent, Icra Ratings said on Friday

FM to present statement on demands for grants for current fiscal in LS

She will also present a statement showing excess demands for grants for 2019-20 in the Lower House

India inflation likely softened to nine-month low in November, shows poll

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far