Page 877 - Economy & Policy News
April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn
Net tax receipts rose to Rs 10.12 trillion while total expenditure was Rs 18.24 trillion, the data showed
 "April-Sept fiscal deficit at 37% of FY23 target, net tax receipts Rs 10 trn")
Bond yields rise for second month; key central bank meetings in focus
India's retail inflation stood at 7.41% in September, higher than the 2%-6% target zone for the ninth straight month
 "Bond yields rise for second month; key central bank meetings in focus")
Expanding India's global stamp: FTAs are the way to go if gaps are plugged
The complexities of rule of origins may end up distorting trade instead of fostering it
 "Expanding India's global stamp: FTAs are the way to go if gaps are plugged")
Railways readies Rs 90,000 crore projects for freight optimisation
Ministry aims for Rs 2-trillion budgetary allocation in coming years, says minister Vaishnaw
 "Railways readies Rs 90,000 crore projects for freight optimisation")
India ramps up visa processing in UK, announces new process for group tours
These steps come following complaints of visa delays that have resulted in trip cancellations
 "India ramps up visa processing in UK, announces new process for group tours")
India signs deal with Belgium-based IMEC to get chip-making technology
Cutting-edge tech from Belgium-based IMEC will be transferred to the company that sets up a semiconductor plant in India
 "India signs deal with Belgium-based IMEC to get chip-making technology")
Home durables: Govt moves to protect consumers' right to repair-maintenance
The government has sent letter to 23 home appliance companies, including LG, Samsung, Havells, Philips, Sony, and Bluestar
 "Home durables: Govt moves to protect consumers' right to repair-maintenance")
Road transport, highways sector has maximum number of delayed projects
The expenditure incurred on these projects till June 2022 was Rs 3,21,084.28 crore, which is 59.8 per cent of their anticipated cost
 "Road transport, highways sector has maximum number of delayed projects")
US Secretary of State Blinken discusses Ukraine war with EAM Jaishankar
US Secretary of State Antony Blinken held a telephonic conversation with S. Jaishankar and discussed the ongoing Ukraine war, counterterrorism and other regional and global issues.
 "US Secretary of State Blinken discusses Ukraine war with EAM Jaishankar")
India likely to start free trade pact negotiations with GCC next month
India and the Gulf Cooperation Council member countries are expected to start negotiations for a free trade agreement next month with an aim to boost economic ties
 "India likely to start free trade pact negotiations with GCC next month")
Ministries of coal, power to finalise freight cost cut plan: NITI Aayog
Senior coal ministry officials told Business Standard they were aware of the report that NITI Aayog was preparing
 "Ministries of coal, power to finalise freight cost cut plan: NITI Aayog")
Survival of discoms is questionable now: PowerMin to state govts
Lack of timely payment, especially from the other government departments in the state, is one major reason crimping the payment ability of discoms
 "Survival of discoms is questionable now: PowerMin to state govts")
Despite direct impact, edible oil sector is divided on GM mustard approval
Even the opinion of farmers' groups seems divided after AIKS comes out in support
 "Despite direct impact, edible oil sector is divided on GM mustard approval")
Statsguru: Six charts show India's declining foreign exchange reserves
RBI has scheduled an off-cycle meeting for November 3
 "Statsguru: Six charts show India's declining foreign exchange reserves")
J-K Police set to hire helicopter services for next 3 years; bids floated
Jammu and Kashmir Police has invited bids from registered aviation companies for renting helicopters to ensure faster mobility of its force, officials said on Sunday
 "J-K Police set to hire helicopter services for next 3 years; bids floated")
Key Indian auto executives don't understand compliance obligations: Report
Key management personnel in Indian automobile companies have a poor understanding of compliance obligations that can range from several hundred acts to thousands of rules
 "Key Indian auto executives don't understand compliance obligations: Report")
One-stop for insurance services 'Bima Sugam' a game changer: IRDAI Chairman
Insurance regulator IRDAI is working on Bima Sugam, which will act as a game changer in the insurance sector by providing a one-stop platform for multiple services
 "One-stop for insurance services 'Bima Sugam' a game changer: IRDAI Chairman")
How digitisation and access to the internet are leaving Indian women behind
The pandemic reinforced the importance of access to mobile and mobile internet for information, healthcare, education as well as e-commerce, financial services and income-generation opportunities
 "How digitisation and access to the internet are leaving Indian women behind")
Housing Ministry approves Rs 1,665 cr action plan for J-K under AMRUT 2.0
MoHUA, in its Apex committee meeting, has approved UT Water Action Plan for 153 projects amounting to Rs. 1665.10 crore for 78 urban local bodies of Jammu and Kashmir under AMRUT 2.0.
 "Housing Ministry approves Rs 1,665 cr action plan for J-K under AMRUT 2.0")
Over 10 million MT paddy procured in Punjab, 5.2 mn MT from Haryana
More than 105 lakh metric tonnes (MT) paddy arrived in marketing yards in Punjab, out of which 104 lakh MT paddy was procured till Saturday
 "Over 10 million MT paddy procured in Punjab, 5.2 mn MT from Haryana")