Page 870 - Economy & Policy News

Centre approved projects worth Rs 2 trn for Maharashtra, says PM Modi

"The Centre has approved projects worth Rs 2 trillion for Maharashtra, which will create new opportunities for employment," he said

CoalMin launches largest-ever commercial coal auction of 141 mines

The coal ministry has auctioned close to 64 coal mines to date under commercial auction

Rs 14,000 crore to be infused via paddy procurement in Uttar Pradesh

An estimated Rs 14,000 crore is expected to be injected into the rural economy of Uttar Pradesh through the procurement of paddy in the current 2022-23 kharif marketing season

Need to boost crop productivity, make farming profitable for growth: Tomar

Tomar emphasised on the need for coordinated and comprehensive efforts across various ministries and sectors to realise the true potential of India

Rural pain pushes India's unemployment rate up to 7.7% in October: CMIE

The report said the decline in employment was mostly in rural India and mainly in non-agricultural rural India and the daily wage labourer segment was the most hit as it shrunk by nearly 15 million

India offers policy stability, transparency: FM Nirmala Sitharaman

The finance minister invited industries to give their inputs and be active players in the consultative process

Govt mapping laboratories to plug gaps, modernise them: Piyush Goyal

The gaps could be in terms of long time to get the quality certification, level of technology and type of machinery used in the labs. among others

14 station redevelopment projects in tendering stage: Ministry of Railways

The project will integrate various modes of transport, such as metro and bus services, with the railway stations

India's taxes on crypto transactions may 'kill the industry': Binance CEO

Binance Holding CEO Zhao "CZ" Changpeng said India's onerous taxes on cryptocurrency transactions will probably "kill the industry"

Rate setting panel meets to draft report on missing inflation target: RBI

It was the first time since the monetary policy framework came into effect in 2016 that RBI had to give an explanation to the government

October iron ore exports 'nearly zero', says mining body official

"In October, exports were nearly zero, and it will be so while the duty remains," R.K. Sharma, secretary-general of the Federation of Indian Mineral Industries (FIMI), told Reuters in an interview

Kashmir apple rates down by 30%, growers seek govt support to curb losses

Kashmir produces about 75 per cent of the total apple crop in the country and is considered the backbone of its economy, contributing about 8.2 per cent to Jammu and Kashmir's GDP.

Central government to introduce 7-8 PLI schemes in next Budget: Report

The new PLI schemes will likely cover segments like textiles, electronic components, furniture, toys and leather

5G: 90% telecom sector firms may hire professionals in December quarter

The intent to hire professionals in the telecom sector has improved in the December quarter when compared to the preceding quarter, according to the TeamLease report.

Tax authorities want IT professionals to declare income from 'moonlighting'

The concerns from tax authorities have come at a time when there is an ongoing debate on how far 'moonlighting' by employees can be allowed.

After Fed hike, experts can't form consensus on expected MPC response

In September review, panel talked about aggressive monetary policy actions and stances across the world

Growth in India's services sector quickens in Oct, PMI edges up to 55.1

The rate of inflation outpaced its long-run average, suggesting no respite from higher cost pressures in Asia's third-largest economy

Cabinet okays mechanism for ethanol procurement by public oil companies

A remunerative price to ethanol suppliers will help in early payment to cane farmers, in the process contributing to minimize the difficulty of sugarcane farmers.

Deals worth 7.5 trn to be struck during Karnataka's Global Investors Meet

Union Finance Minister Nirmala Sitharaman said on Wednesday that initially when this global meet was planned, the expectations and targets were somewhere in the range of Rs 5 lakh crore

Acting prematurely would have hurt economy, says RBI Governor Das

Shaktikanta Das defends timing of rate hikes amid failure to meet inflation target