Page 829 - Economy & Policy News

Tata's Chandrasekaran to head Business 20 India; CII to be Secretariat

'As India commences its leadership of B20 amid multiple global developments and transformations, the participation of businesses in global economic decision-making has never been more critical'

Railways' diesel consumption reduced by 50.29% in FY21 compared to FY20

The Railways has reduced its diesel consumption by more than 50 per cent in 2020-21 in comparison to its previous financial year, Railway Minister Ashwini Vaishnaw said on Wednesday

Indian authorities hold up export of 27,000 Vivo phones in clash with China

The smartphones are being held up at the New Delhi airport by India's revenue intelligence unit over an alleged mis-declaration of the device models and their value

Will a warm winter affect India's agricultural output?

While this could mean some respite from the intense cold of North India, it could also harm the standing rabi crops if the temperature rise is unusual and abnormal.

Single-day peak power demand to rise by up to 35,000 MW in April: Power min

The single-day peak demand for power is expected to increase by up to 35,000 MW in April 2023 and the government has started preparations to meet the same, Union minister R K Singh said on Wednesday

Irdai proposes 3 yrs insurance cover for cars, 5 yrs for two-wheelers

Regulator Irdai on Wednesday proposed to introduce an insurance cover of three years for cars and five years for two-wheelers with an aim to allow wider choice to customers

RBI opts for smaller repo rate hike of 35 bps, hints at more to come

Main risk is core inflation remaining sticky: Governor

What we have learned three days into the price cap on Russian oil

The unprecedented move by one set of countries to try to impose a price at which another can sell a commodity has drawn confusion among traders, and - from Moscow - a threat of retaliation

NIIF to make investment of Rs 631 crore in GMR Group's Mopa airport in Goa

The investment will be made via compulsory convertible debentures in GMR Goa International Airport, the special purpose vehicle (SPV), which will operate the new airport in Goa

EV charging biz may require up to Rs 1.05 trn investment by 2032: Report

EV charging station business may require an investment to the tune of Rs 1.05 trn by 2032 as the country is expected to need 2.30 lakh such facilities during this period, a report said on Wednesday

Consumer-facing firms see no 'immediate impact' of RBI's rate hike

Shashank Srivastava, senior executive officer (sales and marketing) at Maruti Suzuki India, said that though higher retail loan rates could adversely impact demand, the industry would have to wait

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Assam Cabinet clears recruitment for 10,000 positions: Himanta Biswa Sarma

Recruitment for about 10,000 government posts was sanctioned by the Assam cabinet on Wednesday, Chief Minister Himanta Biswa Sarma said

'Govt's duty cuts to impact customs; GST to help achieve FY23 tax target'

Robust GST collections will help achieve the FY23 revenue growth target on the indirect taxes front, despite the impact of duty cuts on central excise and customs mop-up, a top official said

We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

Govt includes steel, pharma, chemicals in RoDTEP scheme as exports falter

Expanded list of items will be applicable for exports made from December 15. Scheme outlay pegged at Rs 1,000 crore, says govt official

Banks should not ask for verification at branch level if e-KYC done: RBI

RBI said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC or those who have completed the KYC (know-your-customer) process on C-KYC portal

Global Captive Centres to add 364k jobs in next 12 months: Report

Global Captive Centres (GCCs) are looking to ramp up their workforce and add close to 3.64 lakh jobs within next 12 months amid a spurt in service demand from key global markets, says a report

India to provide voice to issues of interest during G20 presidency: Govt

India's endeavour during its G20 presidency would be to build consensus within the grouping, raise key issues of the global south and highlight country's 3Ds -- development, democracy and diversity

Govt working on ways to contain surge in imports of non-essential goods

The government is working on ways to contain surge in imports of non-essential goods with an aim to boost the country's exports and reduce trade deficit, an official said