Page 838 - Economy & Policy News

Standing Committee to take view on Competition Amendment Bill 2022

The Standing Committee of Finance headed by Jayant Sinha will meet on December 8 to consider and adopt the draft report on Competition (Amendment) Bill 2022

Property buyers in Bengal at builder's mercy as RERA not functional: FPCE

Homebuyers' association FPCE on Sunday urged the West Bengal government to make the real estate law RERA functional in the state at the earliest to protect the consumers' interest

Aiming Rs 3,000 cr top line in FY23 amid looming inflation: ThyssenKrupp

Capital goods and engineering major ThyssenKrupp Industries India on Sunday said demand in core sectors will remain robust amid inflationary headwinds in the next 2-3 years

India-G7 JETP stuck over coal, Centre's insistence on own transition plan

RE, tech transfer & green jobs on India's agenda, Germany & the US to co-lead the negotiations

Income Tax dept reduces time for taxmen to decide on refund adjustment

The income tax department has reduced the time for tax officers to decide on adjustment of refunds against outstanding tax dues to 21 days, a move which will help avoid litigation

RBI likely to moderate rate tightening amid retail inflation, say experts

According to experts, after three consecutive 50 basis point rate hikes, the RBI may decide to reduce the rate increase by 25 to 35 basis points for lending rates

Indian missions to be roped in for branding, promotion of domestic millets

Indian missions abroad would be roped in for branding, promotion and identification of global potential buyers such as departmental stores for domestic millets, the commerce ministry said on Sunday

Cabinet secretary-led panel to pick candidate for PFRDA chairman on Dec 16

A search panel headed by cabinet secretary is scheduled to interview shortlisted candidates on Dec 16 for the post of chairman of Pension Fund Regulatory and Development Authority (PFRDA)

Given directions to Coal India to conclude wage pact: Pralhad Joshi

Coal minister Pralhad Joshi has given directions to Coal India to conclude the wage pact of its non-executive workforce at the earliest.

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

The PLI benefits will be applicable for manufacturing toys that are compliant with the norms of Bureau of Indian Standards (BIS)

After the anti-diabetic market, India's cardiac market in for a shake-up

Sun Pharma has the largest share in the Indian cardiac market, followed by Torrent Pharma, Lupin and USV

Make in Odisha conclave generates investment proposals of Rs 10.5 trillion

Odisha Chief Minister Naveen Patnaik said the Make in Odisha Conclave 2022 had been a great success

Govt issues guidelines for PLI scheme to boost domestic drone industry

The Ministry of Civil Aviation has issued guidelines for the implementation of the Production Linked Incentive (PLI) scheme to support the indigenous drone industry

Govt to tighten check on imports; set up task forces for telecom production

The government will come up with a methodology to check imports from neighbouring nations, which are non-compliant to trusted source rules of the telecom sector, Union minister Ashwini Vaishnaw said

SRAM & MRAM to invest Rs 2 trillion in Odisha, set up semiconductor unit

United Kingdom-based SRAM & MRAM Group vice-chairman Gurujee Kumaran Swami on Saturday announced that the group will invest Rs 2 lakh crore in Odisha to set up semiconductor unit in the state

Coal important for energy security, govt undertaking reforms: Pralhad Joshi

Coal and Mines Minister Pralhad Joshi while emphasising on the importance of dry fuel in securing energy security on Saturday said that the government is undertaking various reforms in the sector

Next aircraft carrier might also be a small one, says Admiral Kumar

Successive navy chiefs have publicly stated that INS Vishal, the expected name for IAC-2, would be a 65,000-tonne carrier that would embark 55-60 aircraft

Don't hike repo rate by more than 25-35 bps: Assocham's advice to RBI

With Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) set to meet to decide on the policy rate revision, industry lobby body Assocham has urged the former for a moderate hike

Yogi govt to boost real estate sector for achieving $1 trn economy goal

The Yogi Adityanath-led Uttar Pradesh government is eyeing at real estate sector as a key pillar in fulfilling its goal of making the state reach a $1 trillion economy

Bengaluru may see highest growth in office rent at 5-7% next year: Report

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India