Page 873 - Economy & Policy News

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.

Missed inflation target, but acting early would have exerted costs: RBI Guv

"We prevented a 'complete collapse of the economy' by keeping rates lower and stayed away from premature tightening," Das said.

RBI won't immediately release letter on inflation response to govt

RBI Governor Das said on Wednesday a letter that will be sent to the government will not be made public after the Nov 3 special meeting because the bank does not have the authority to release it

India may allow Chinese JVs with Indian cos for electronics manufacturing

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

BMC cancels Rs 5,800 crore tenders for road concretization in Mumbai

New tenders will be called for speedy execution of the works by incorporating state-of-the-art technology and without compromising on quality, it said.

Genetically modified mustard seeds may fix India's cooking oil imbalance

New Delhi has given environmental clearance to a genetically modified mustard crop, which promises to boost yields by as much as 28%

Housing, connected infra necessary for planned development of cities: UP CM

In the last five-and-a-half years, planned urbanisation has increased at a rapid pace in the state and this should be further encouraged keeping in view the future needs

Manufacturing PMI recovers to 55.3 in Oct amid contained price pressures

Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey

Credit to industry up 12.6% YoY in September; touches 100-month high

Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers

Define game of chance, game of skill to decide on taxation: GST law panel

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

Borrowing costs bite: Interest-rate surge hurts corporate profits

Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23

Unemployment rate rose to 4-month high of 7.77% in October: CMIE data

Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations

GST collection over Rs 1.51 trillion in October, second highest ever

Revenue for October is second highest monthly collection, next only to April 2022

Centre slashes windfall tax on domestic crude oil, increases on ATF export

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

NITI wants infra projects lagging for decades completed by FY23-end

Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects

Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

India needs to be flexible as G-20 chief in face of global challenges: CEA

Nageswaran flags climate finance as a key agenda of bloc in face of 'unknown unknowns'

UP Defence Corridor set to realise Rs 50,000 cr investment potential

MoUs for investment worth Rs 12,000 crore already signed with private firms and institutions, says nodal chief