Page 883 - Economy & Policy News

India pushing for valuation of $7.7 billion for state-owned IDBI Bank

India is pushing for a valuation of around 640 billion rupees ($7.7 billion) for state-owned IDBI Bank Ltd. in what could be the biggest sale of the government's stake in a lender in decades

Centre extends deadline for filing GST returns for Sep till Oct 21

The government has extended the deadline for filing GST returns for the month of September by a day to October 21, the CBIC said on Friday.

Punjab govt decides to restore old pension scheme for its employees

The Punjab government on Friday took an in-principle decision to restore the old pension scheme for its employees

Centre simplifies nearly 500 rules; earns over Rs 250 cr in scrap disposal

Centre has simplified nearly 500 rules and processes to ensure "ease of living" besides earning a revenue of more than Rs 250 crore from disposal of scrap under the ongoing special Swachhta campaign

India rice export curbs to end a decade of price stability: Report

India's recent curbs on rice exports could trigger a rally in global prices after more than a decade of stability, traders said, as New Delhi's protectionist move coincides with falling output

Global IT hardware industry players urge govt to postpone PLI 2.0 scheme

The IT industry has asked the govt to defer the implementation of the revised production liked incentive scheme, PLI 2.0

DCX Systems sets price band at Rs 197-207/share for its Rs 500 cr IPO

DCX Systems, a manufacturer of cables and wire harness assemblies, on Friday announced a price band of Rs 197 to Rs 207 per share for its Rs 500-crore initial public offering (IPO).

Indian exporters hold off dollar sales eyeing better returns, hurting rupee

Indian exporters are holding back on dollar sales on hopes of a further slide in the rupee, eyeing a windfall as the local currency plumbs record lows this year

Economy lightens up on festive season demand as shoppers back in force

Online marketplaces Amazon.com Inc., and Walmart Inc.-owned Flipkart saw sales jump 27% from a year ago to $5.7 billion during the festival season's first sale between Sept. 22-30

India, Saudi Arabia explore renewable energy projects via undersea cables

Saudi Energy Minister Prince Abdulaziz bin Salman, who will be visiting India on Friday, will discuss cross-country renewable energy projects

Indian firms to double fundraising via public bond sales in H2 FY22: Report

Indian corporates are likely to raise double the amount of funds through the public issue of bonds in the second half of this fiscal than they did in the first

Oil near flat as inflation concerns contend with China's quarantine ease

Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up

Rajnath backs indigenous tech capability to ensure reliability of supplies

Defence Minister Rajnath Singh said that the country "must have technological and production capability" if the "reliability of supplies" of defence items has to be maintained

Draft telecom Bill: Trai opposed to regulation of OTT platforms

Has communicated this to the telecom dept

RBI intervenes to claw rupee back from fresh intraday low vs dollar

Central bank may have sold around $1 billion in Fx market on Thursday

Milk scheme benefits more than 800,000 producers in Rajasthan: Official

More than Rs 600 crore was paid between February 2019 and March 2022 to milk producers associated with cooperative dairies

UP eyes bigger pie of millet exports, plans to expand jowar acreage

Some of the major millet crops grown in UP are jowar, bajra, kodo and sanwa

Colleges to be set up under PPP model in Chhattisgarh's remote areas

According to officials, the state government will provide at least 10 acres on a 30-year lease at a concessional rate of 50 per cent

India's top multiplex chains bank on festive season to bring cheer back

A slate of flop Bollywood movies have hit India's top cinemas hard, leaving the industry to bank heavily on the current festive quarter to revive its fortunes

Slow GST portal: CBIC mulls extending Sept returns filing due date

With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September