Page 839 - Economy & Policy News

Govt allows sale of electoral bonds through 29 SBI branches from Dec 5-12

The Government on Saturday authorised sale and encashment of electoral bonds through 29 branches of State Bank of India (SBI) across the country between December 5 and December 12, 2022

Centre 'modifies' 62 unsold coal mines to make them attractive for buyers

Out of the 141 coal blocks which the Centre has put up for commercial auction, 62 mines are old which had gone unsold during previous attempts; hence they have been modified

Preventive algorithms can be win-win for online gaming in India: Experts

Going by the industry estimates, India's gaming industry at its present pace will touch the dollar 25-billion-mark, way ahead of 2030

After toys, govt looks to curb China electric fan, smart meter imports

Since the quality control order 3 years ago, toy imports down 70%

Power Min waives inter-state transmission charges for new hydro projects

The Power Ministry on Friday announced a waiver of inter-state transmission charges on wheeling electricity for 18 years for new hydropower projects

Oil ministry to seek compensation for petrol, diesel losses from FinMin

The oil ministry will seek compensation from the finance ministry for the losses state-owned fuel retailers incurred on holding petrol and diesel prices in the last 8 months despite a spike in cost

Food processing sector critical for economy, job creation: Niti Aayog CEO

Niti Aayog CEO Parameswaran Iyer Friday said the food processing sector is critical for the Indian economy as well as job creation and stressed on ramping up production and exports of processed items

India to continue buying oil from all countries including Russia: Official

India will continue to buy crude oil from anywhere in the world, including Russia, to meet its energy needs, a top official said ahead of EU restrictions on Russian oil kicking in

Govt likely to roll back states' ability to borrow more, says report

New Delhi has already stopped compensating states for the switch to the Goods and Services Tax regime from this year

Global economy must start bracing for low inflation, says Raghuram Rajan

Central banks must ask themselves if their policies were nimble enough when inflation shifted from low to a high regime, said Rajan

Rail passenger revenue zooms 76% YoY, speeds past pre-Covid levels

Unreserved tickets garner 422% more; bookings still 72% of pre-pandemic period

Indian Railways seeks quicker land acquisition for stalled projects

Zonal Railways asked to designate more works as special projects for quicker clearance

States to set up district-wise price monitoring centre for essential items

A senior government official indicated that the Center is making every effort to manage the prices of basic commodities through the Price Monitoring Division

Nafed buys 24,000 tonnes moong so far under price support scheme

PSS, which is under the Agriculture Ministry, is operationalised only when prices of agri-produce fall below the minimum support price (MSP)

Centre tells fertiliser companies, states to promote Nano urea use

At present, the capacity of Nano urea is 50 million bottles per year

Steady pace: Wheat acreage rises 5.4% due to favourable prices

Highest week-on-week numbers since 2017-18; hopes of strong harvest

MOIL registers growth of 60% during month over Oct: Steel ministry

State-owned miner MOIL produced 1.2 lakh tonne of manganese ore last month, registering a growth of 60 per cent over October

UP to uplift nursing, medical institutions quality under 'Mission Niramaya'

Aimed at improving healthcare services in UP under 'Mission Niramaya', as many as 12 institutes have signed a MoU with the State Medical Faculty to mentor nursing and paramedical education

UP becoming top choice of investors due to safe environment: CM Adityanath

CM Yogi Adityanath on Friday claimed that under the BJP rule, Uttar Pradesh has transformed into a "safe" and "riot-free" state, and is set to become the first choice of investors

Coal production for April-Nov period up 17% to touch 524mn tonnes

Domestic coal production went up by 17.13% to 524.20 million tonnes during April-November 2022 as compared 447.54 million tonnes of production recorded during the corresponding period of last year