Page 843 - Economy & Policy News

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

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