Page 861 - Economy & Policy News

India's trade deficit in October widens to $26.91 bn, exports down 17%

Imports during October increased to $56.69 billion against $53.64 billion in October 2021

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Data protection bill will end misuse of data, penalise violators: MoS IT

The government in August withdrew the Personal Data Protection Bill from Lok Sabha and said it will come out with a set of fresh legislations that will fit into the comprehensive legal framework.

India considers plan to reduce short-term borrowing as yields surge

The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter

Govt looking at mandating jet fuel blending with sustainable fuel: Official

Both ministries are working to mandate a certain percentage of blending. "... that is still work in progress. We do realise that unless we mandate over a period of time, demand will not be created"

NFRA aligning to global standards but industry awaits more clarity

Experts want the authority to set some limit on the time it would spend on on-site visits

Govt asks state-owned firms to consider insolvency court to shut units

Public sector companies will have to file an insolvency application under IBC for the resolution of a loss-making unit within three months of approval from a committee comprising top cabinet ministers

Building 5G use cases needs strong public-private alliance: Nasscom study

Sectors such as healthcare, energy & utilities, manufacturing, and retail are expected to benefit from large-scale 5G adoption, which is expected to power up to 2 per cent of India's GDP by 2030

Bank credit to grow 15% YoY in FY23, FY24 on corporate demand: CRISIL

Lenders may have to raise deposit rates at faster pace, says senior executive of agency

Today's fertilizer shortage is tomorrow's food crisis: PM Modi at G-20

Modi also highlighted how India ensured food security for its 1.3 billion citizens during the Covid-19 pandemic while supplying food grains to many countries

NCR witnesses highest YoY dip in new launches of residential units: Study

The study by the real estate consultancy firm, Anarock, said that NCR accounted for 7 per cent of the total new supply in Q3 2022 across the top seven cities.

India to produce 50% energy from renewables by 2030: Modi at G20 meet

Prime Minister says there should be no restrictions on energy supply, seeks 'return to the path of ceasefire and diplomacy in Ukraine'

RBI likely to go for smaller rate hikes as inflation eases: Analysts

The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.

Top headlines: Disinvestment target, RBI imposes penalty on 9 UCBs & more

Business Standard brings you the top headlines this hour

PM Modi's dream of development in J&K becoming a reality: Hardeep Puri

Puri further said that under the Ministry of Petroleum and Natural Gas, some 12 lakh LPG connections have been provided under PM Ujjwala, and 50,000 houses have been sanctioned under PMAY(U).

FM Nirmala Sitharaman reviews progress of National Monetisation Pipeline

The finance minister in August last year had announced a Rs 6 lakh crore NMP aimed to unlock value in infrastructure assets across sectors ranging from power to road and railways.

Worst of rupee volatility seen over as Fed view softens: BS poll

Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end

Growth of India Inc's IT spending likely to remain modest in 2023

According to the forecast, spending on data center systems will decline by 1.4 per cent, as businesses opt for public cloud services

Adityanath govt to nurture 'UP Khadi' start-ups and e-commerce

Under the new UP Textile and Garment Policy 2022, the state has announced a host of incentives and subsidies for aggressive offline and online marketing and promotion of Khadi in India and abroad

Economic uncertainty a threat for flexi-work model: LinkedIn research

71% of business leaders surveyed in India want employees to work more frequently from office, instead of WHF. Despite this, 82% believe hybrid working is here to stay for the longer term