Page 869 - Economy & Policy News

PSU oil companies losing a net Rs 4 per litre on diesel: Hardeep Singh Puri

Asked if his ministry will seek financial assistance to make up for the losses, Puri said, "emphatic yes"

India, UK discuss migration, security partnership among other issues

Braverman in turn referenced the strong partnership shared between India and the UK. I look forward to working with our friends on mutually shared interests including security and migration

Treasury Bill yields at multi-year high on near-term liquidity fears

Yields across both securities rose 7-8 basis points over the previous week's auction

NHAI now accepts electronic bank guarantees, aims to adopt digital tech

The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology

Sitharaman to launch 6th round of commercial coal mines auction on Thursday

The auction will be held in online mode through a transparent two-stage process

Barclays builds up Asia business, sees growth in India, Australia

The British lender has been re-building its Asian business after a global restructuring in 2016

Cabinet hikes ethanol prices, approves subsidy for non-urea fertilisers

The industry has on several occasions told the government the price of ethanol produced from sugar juice or syrup should be based on returns on equity

NaBFID likely to make first fund commitment this financial year, says MD

It is looking at projects in transmission, energy, solar power and roads; is also eyeing a retail bond issuance

Not in a hurry to launch CBDC; have to proceed carefully: RBI Guv Das

Central bank to consider findings of pilot projects before decision, he says

Politics of the day must not lead our borders to be vulnerable: Jaishankar

"The fact that we had such a messy issue there... the whole world used it," he said

Indian-Americans secret weapon for economic growth: Congressman Jim Himes

Indian-Americans are a "secret weapon for economic growth", Congressman Jim Himes said showering praises on the thriving community, which is the highest-earning ethnic group in the US.

UP aims to become $1 trn economy: State industrial development minister

UP is aiming at becoming a one trillion dollar economy and protecting investors' interests is the top priority for the government, the state's industrial development minister said

Civil aviation sector likely to log 400 mn passengers in 7-10 yrs: Scindia

Country's civil aviation sector is likely to log around 400 million passengers over the next 7 to 10 years, Civil Aviation Minister Jyotiraditya Scindia said on Wednesday

Asia Pacific region faces risks from global financial tightening: IMF

The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official

Will realise $1-trn digital economy goal in 5-7 years: Rajeev Chandrasekhar

The Minister of State for Electronics and Information Technology said that despite the deep disruption caused by the pandemic, India as a nation has emerged stronger

British PM Rishi Sunak committed to FTA with India, says Downing Street

In his first phone call after taking charge as Prime Minister last week, Sunak had referenced "good progress" being made to finalise the FTA

As rural demand weakens, FMCG distributors offer more credit to retailers

The frequency with which distributors procure stocks from companies has reduced

Abuse of Liberalised Remittance Scheme for offshore betting under CBIC lens

Separate investigation on home-grown online gaming companies shows tax evasion of up to Rs 80,000 crore

A stringent patent rule is latest hurdle for India-UK free trade agreement

The draft has also proposed to prohibit pre-grant oppositions, which means that India will not be able to stop challenges to weak/invalid patents until after they have been granted

Global Investors' Meet: K'taka govt inks 50 MoUs worth Rs 5.64 trn on Day 1

The highest investment proposal in terms of capital outlay came in the green hydrogen and renewable energy sectors