Page 866 - Economy & Policy News

Statsguru: Six charts show Indian equity markets are nearing another high

The S&P BSE Sensex closed at 60,950.36 on Friday. This is 815 points away from the October 18 all-time closing high of 61,765.60

Panel on tax refunds for exports from SEZs, EOUs to submit report on Dec 20

Under RoDTEP, various central and state duties, taxes, and levies imposed on input products, among others, will be refunded to exporters

GST law panel working with experts to define games of skill, chance

Centre and state GST officers are working with online gaming sector experts to define 'games of skill' and 'games of chance' with a view to design different taxation structures for them, sources said

May raise sugar export quota after assessing domestic output: Food Ministry

Centre has already allowed export of six mn tonnes of the sweetener till May 31 of the ongoing 2022-23 season

Demonetisation: Big jump in cash with public at Rs 30.88 trn in 6 yrs

Currency with the public has jumped to a new high of Rs 30.88 lakh crore as of October 21, illustrating that cash usage is still robust even six years after the demonetisation move.

Network connectivity remains big challenge as e-commerce, FMCG go digital

Experts say AR/VR tech has yet to mature; also, immersive experiences with 360° video applications require a lot of data

Coal dispatch to power sector drops 6% to 56.49 million tonnes in October

In April-October period of ongoing financial year, the dispatch increased 13.07 per cent to 413 MT from 365.25 MT in the year-ago period

FM hints at possibility of Centre restorating of state status to J&K

Union Finance Minister Nirmala Sitharaman on Saturday hinted at the possibility of the Centre considering restoring state status to Jammu and Kashmir.

Govt resumes sugar exports; allows 6 mn tonnes on quota basis till May 31

The south Asian country is the world's biggest producer of sugar and the second biggest exporter of the sweetener

Handloom industry should diversify to attract youth: FM Nirmala Sitharaman

She said the Balaramapuram handloom products are of high quality and added that she herself was wearing a Balaramapuram saree

Global Investors Meet: K'taka govt unveils Rs 1.5-trn proposed investments

Briefing reporters, the Minister said the GIM rose beyond expectations as plans for a total investment of Rs 9.82 trillion were made

India may log 8% growth rate in real GDP in FY23, says Arvind Panagariya

The National Statistical Office shall release the GDP data for the second quarter on 30th November

External sector could face some anxious moments, says CEA Nageswaran

He said that the way the oil price cap is being discussed has encouraged oil and gas traders to stock up on volumes, creating unintended consequences

Global shocks are best times for radical reforms: G20 Sherpa Amitabh Kant

He added that India needs to refocus on other areas, pointing to the need to expand the money spent on green technology

Financial strength critical for 'Atmanirbhar Bharat': FM Nirmala Sitharaman

The temptation to borrow beyond capacity would create inter-generational burden and affect fiscal soundness of the country, she said

Sri Lanka, India discuss maritime challenges faced in Indian Ocean

The Indian High Commission here termed the discussion on matters of common concern as fruitful"

Need to blend ancient knowledge with modern science, says Jitendra Singh

Prime Minister Narendra Modi has been encouraging all streams of sciences since he came to power, Singh said

ICCI ties up with Taiwan for green technology to curb carbon footprints

The green technology would reduce energy consumption while reducing an equal amount of greenhouse gas in India

Haryana CM Manohar Lal Khattar inaugurates road projects worth Rs 141 crore

The Southern Peripheral Road (SPR) from Faridabad to the Delhi-Jaipur Highway is being strengthened and eight flyovers will be constructed, he said, adding that this project will cost about Rs 846 cr

How reliable is India's China trade data?

The mystery of missing $12 bn from India-China trade is fascinating. China said, its trade with India touched $103 bn in the first nine months of 2022. But India says that it is $91 bn. Who is right?