Page 859 - Economy & Policy News
Goyal calls for self-regulation within entertainment industry on content
He said that some of that content would never be acceptable when it showed in a movie, then why that would be acceptable on an OTT platform
 "Goyal calls for self-regulation within entertainment industry on content")
FM Sitharaman exhorts NIIF to leverage India's investment fundamentals
Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India's attractive investment fundamentals to expand its operations.
 "FM Sitharaman exhorts NIIF to leverage India's investment fundamentals")
Tea exports rise 14.8% to 140.28 mn kgs in Jan-Aug period this year: Data
After the CIS countries, UAE was the second largest importer at 23.84 mkgs, a rise of 157 per cent from 9.27 mkgs in the similar period in 2021
 "Tea exports rise 14.8% to 140.28 mn kgs in Jan-Aug period this year: Data")
India enters into deal for export of 3.5 MT sugar so far in 2022-23: ISMA
Sugar season begins from October to September
 "India enters into deal for export of 3.5 MT sugar so far in 2022-23: ISMA")
Nitin Gadkari launches Rs 1,206-cr national highway projects in West Bengal
Gadkari said that the development of these projects will lead to industrial and economic growth in Bengal as well as in eastern parts of India with significant inroads towards the agriculture sector
 "Nitin Gadkari launches Rs 1,206-cr national highway projects in West Bengal")
What is going wrong with Indian exports?
The impact of the global slowdown is beginning to be felt in India. The country's goods exports have contracted for the first time in two years. What went wrong with India's exports story?
 "What is going wrong with Indian exports?")
Global freight rates down 30% YoY; steel, auto, and pharma to benefit
However, average container prices are still 2-3 times higher compared to pre-pandemic levels
 "Global freight rates down 30% YoY; steel, auto, and pharma to benefit")
Education loan disbursal target for FY23 set at 13.5% lower than FY22: Rpt
In FY22, the country's financial system disbursed education loans for Rs 23,640 crore and for 12 PSBs in India, the target for FY23 has been fixed at Rs 20,450 crore
 "Education loan disbursal target for FY23 set at 13.5% lower than FY22: Rpt")
Supreme Court dismisses review petition on pre-GST state tax on lotteries
Court's verdict earlier led to legislation brought out by Karnataka and Kerala being declared invalid
 "Supreme Court dismisses review petition on pre-GST state tax on lotteries")
Type-C charging port for all devices: Stakeholders agree to phased rollout
Stakeholders have agreed to a phased roll-out of a uniform charging port for effective implementation and easy adoption so that the same can be applied by the industry and adopted by consumers
 "Type-C charging port for all devices: Stakeholders agree to phased rollout")
Top headlines: Windfall tax on crude hiked, India's 1st export contraction
Business Standard brings you the top headlines at this hour
 "Top headlines: Windfall tax on crude hiked, India's 1st export contraction")
Windfall profit tax on crude oil hiked, levy on export of diesel cut
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel
 "Windfall profit tax on crude oil hiked, levy on export of diesel cut")
Uttar Pradesh aims to generate 22,000 MW solar power in next 5 years
The UP Solar Policy-2022 will be applicable for five years
 "Uttar Pradesh aims to generate 22,000 MW solar power in next 5 years")
US, China, UAE drive India's first export contraction in nearly 2 yrs
The three nations that saw positive growth in exports were the Netherlands (21.6 per cent), Singapore (24.8 per cent), and Brazil (57.7 per cent)
 "US, China, UAE drive India's first export contraction in nearly 2 yrs")
Govt gets Rs 3,839 cr from Axis Bank stake sale; disinvestment kitty swells
The government has garnered about Rs 3,839 crore by selling a 1.5% stake in Axis Bank, held through SUUTI
 "Govt gets Rs 3,839 cr from Axis Bank stake sale; disinvestment kitty swells")
India likely to import 64% less soyabean; nil soyabean meal in FY23: SOPA
The total availability of soyabean is estimated at 147.55 lakh tonnes this season, higher than 126.27 lakh tonnes in the previous season
 "India likely to import 64% less soyabean; nil soyabean meal in FY23: SOPA")
Note ban was to counter black money, terror finance, Centre tells SC
'The withdrawal of the legal tender character of the specified bank notes was one of the critical steps in the series of transformational economic policy steps'
 "Note ban was to counter black money, terror finance, Centre tells SC")
State Bank of India sees 14%-15% corporate credit growth in FY23: executive
'Sectors seeing a pickup range from telecom and power to roads, ports and airports, while lending to non-bank finance companies has also picked up strongly'
 "State Bank of India sees 14%-15% corporate credit growth in FY23: executive")
Edelweiss Energy InvIT raises Rs 2,300 crore; to invest in energy assets
AnZen Trust has acquired two operating inter-state transmission assets, located in the states of Punjab, Haryana and Bihar
 "Edelweiss Energy InvIT raises Rs 2,300 crore; to invest in energy assets")
Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern
Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs
 "Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern")