Page 851 - Economy & Policy News

Spike in winter demand for diesel in Europe offers huge scope for India

State-owned refiners are in a strong position to gain from the surging demand for diesel from Europe as winter sets in and natural gas supplies from Russia are set to dwindle on fresh sanctions

Rural housing plan likely to get Rs 28,000-crore booster infusion

The injection of the additional fund is also important because of increased demand from states for more money for the scheme

US industry associations red-flag India's 'restrictive' trade barriers

The Association raised concern over use of strict quality control orders during the pandemic that effectively limited imports of US-designed and manufactured products in various sectors

Foreign direct equity investments from top-6 nations shrink in H1

After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion

Economists see 35 bps rate hike, then a pause: BS monetary policy poll

Some expect a slight reduction in GDP growth forecast

Indian industries urge RBI to consider moderating pace of rate hikes

In order to reduce the multi-year high inflation, the RBI has increased the policy repo rate by 190 basis points since May of the ongoing fiscal year

Citizens' data access only in exceptional situations: MoS IT on data bill

The government will not be able to violate the privacy of citizens under the proposed data protection law as it will get access to personal data only in exceptional cases, Rajeev Chandrasekhar said

Union Budget 2023-24: Centre invites suggestions, Dec 10 last date

For the union budget 2023-24, which will be unveiled in February next year, the finance ministry has requested public ideas and comments

Road, transport sector has maximum number of delayed projects: Govt report

The road transport and highways sector has the maximum number of delayed projects at 243, followed by railways at 114 and the petroleum sector at 89, showed a government report

NITI Aayog VC says old pension scheme will burden future taxpayers

NITI Aayog VC Suman Bery expressed concern over the revival of Old Pension Scheme by some states, saying it would burden future taxpayers at a time when India needs to focus on fiscal prudence

Gold imports decline 17% in Apr-Oct to $24 billion as demand falls

Gold imports, which have a bearing on the current account deficit, declined 17.38 per cent to about $24 billion during April-October due to fall in demand, according to commerce ministry's data

India remains top nationality granted worker visas: British High Commission

In October, British High Commissioner to India Alex Ellis had said that they were on track to get back to processing India-to-UK visa application within standard 15 of days

MP FPOs stock soyabean hoping govt lifts ban on futures & options trade

Madhya Pradesh is the leading soybean-producing state with over 40 per cent share in the country's total production of around 13 million tonnes

Chance for India to make steel for domestic, global needs: T V Narendran

Welcoming the government's move to remove export duty on steel, Tata Steel CEO T V Narendran said India has a great opportunity to make steel for domestic consumption as well as to meet global needs

FMCG makers encouraged by early trends; hope for rural growth in next qtrs

Leading FMCG makers are witnessing encouraging trends from the initial pickup of their winter products portfolio, expect consumption to accelerate further as mercury dips

ICMR recommends avoiding antibiotics for low-grade fever, issues guidelines

ICMR found in a survey that a large number of patients were no longer benefitting from the use of certain antibiotics as they have developed anti-microbial resistance to them

Statsguru: Six charts show India is rapidly on FTA-signing spree

The Australian Parliament ratified the ECTA with India on November 22, as a stepping stone to a more ambitious CECA

FSSAI recognizes Yak as a 'food animal' to check declining population

The Food Safety and Standard Authority of India (FSSAI) has approved the Himalayan Yak as a 'food animal'

India now has second largest gamer base in world at over 369 million

India now has the second largest gamer base in the world with 396.4 million gamers, a new report has showed

China will be a challenge for India during G20 presidency: Pankaj Saran

Dealing with China would be a "challenge" for India during its G20 presidency and New Delhi would adopt a "cautious approach" towards Beijing, former deputy NSA Pankaj Saran said