Page 872 - Economy & Policy News

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

Solvent Extractors Assn seeks release of 100 kg GM mustard for this rabi

Edible oil body plans sow the seeds in 200 out of the 1,000-odd model mustard farms that it plans to set up this season

Wheat exports double to $1.48 billion in April-September period: Govt data

The ministry also said exports of agricultural and processed food products rose 25 per cent during the six- month period of this fiscal yeaR

Our aim is to keep 'Arjuna's eye' on inflation, says RBI Governor Das

Das also defended RBI's strategies in the recent past amid criticism over price rise

Retail e-rupee trials will start this month itself, says RBI governor Das

The broader wish of the RBI is to execute a full-fledged launch of the CBDC "in the near future", Das said, choosing not to share a timeline for the same

Cabinet approves higher ethanol procurement price by OMCs for blending

The government has been implementing EBP, where OMCs sell petrol blended with ethanol up to 10 per cent

India's ambassador to US asks CEO of TAC Security to help start-ups

Sandhu said he encouraged Arora to help startups in India including those in Punjab

Cabinet approves Rs 51,875 cr subsidy for P&K fertilisers for rabi season

The government is making available fertilisers to farmers at subsidized prices through fertiliser manufacturers/importers

Govt extends date of quality control order for 2 steel grades till Jan 23

The extension is for three months till January 23, 2023, the notification dated November 1, 2022, said

JSW group to invest Rs 1 trn in Karnataka in five years, say Sajjan Jindal

This is in addition to the Rs 1 trillion already invested in the state, and would be in steel, green energy, cement, paints and a new greenfield port

Rs 23,380 cr needed to upgrade grade A offices in four metros: JLL report

These four cities are also the biggest office markets in India, holding 569 million sq ft, or 77% of the total Grade A office stock of 740 mn sq ft situated in the country's top seven cities

New India focusing on bold reforms, big infra & best talent: PM Modi

The Prime Minister said Karnataka has the power of "double engine", with the same party in the government at both the State and Centre.