Page 885 - Economy & Policy News

MoUs worth Rs 1,53,000 crore signed at DefExpo 2022, says official

The 12th edition of Defence Expo was the best to date and heralded an era of empowerment for the Indian defence sector, said Union minister Rajnath Singh

India suffered income loss of $159 bn due to extreme heat in 2021: Report

Heat exposure in the country led to the loss of 167 billion potential labour hours, a 39 per cent increase from 19901999, said the Climate Transparency Report 2022

Pulses, onion won't see price hike this year; have adequate stock: Govt

The all-India average retail price of onion has witnessed a significant decline of 28 per cent compared to last year

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

UK FTA deadline depends on talks: Commerce secretary Sunil Barthwal

Deadline for agreement will depend on talks, he says as Diwali timeline goes by

53% IT professionals may resign to pursue new job within next year: Report

More than half of IT professionals (53 per cent) are likely to pursue a new position within the next year due to better compensation, a lack of training and development and a lack of work-life balance

Rupee reverses from new low to edge higher; RBI likely intervened

The rupee closed at 82.76 per U.S. dollar, against 83.0200 in the previous session

Coal import to be stopped by 2024, says Pralhad Joshi

Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024

India to achieve $22 bn turnover in defence production by 2025: Rajnath

Defence Minister Rajnath Singh said the central government is making efforts to achieve a turnover of $22 billion by 2025 in defence production

CII urges govt to consider lowering freight, power costs for exporters

Industry body CII suggested the government a number of measures, including lowering freight and power costs for exporters and setting up a shipping regulator, to promote outbound shipments

'Rozgar Mela': PM Modi to launch recruitment drive for 1 mn jobs on Oct 22

Prime Minister Narendra Modi will launch 'Rozgar Mela', a drive to recruit 10 lakh people, on October 22 via video-conference and letters will be given to 75,000 candidates during the ceremony

Gold prices edge higher as dollar softens, rate-hike fears cap upside

The dollar index was down 0.1% against its rivals, making gold less expensive for other currency holders

UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: Report

Indian lenders UCO Bank and Yes Bank are in talks with their Russian counterparts over a payment mechanism for trade between the two countries

Rupee can drop further to 84.50 against US dollar by year-end: Poll

The rupee slipped to a record low of 83.2150 on Thursday

Tamil Nadu's gross state domestic product grew by 5.87% in FY21: CAG report

Tamil Nadu's gross state domestic product GSDP, one of the vital indicators of the state's economy, grew by 5.87 per cent during the period 2020-21

India's home sales, prices to rise, defying rate hikes: Puravankara CEO

Puravankara Ltd, one of India's top property developers, expects both prices and new home sales to rise in the near future, defying rising interest rates, a top company executive said

Healthcare services received at home are GST exempt, rules Kerala authority

It cites government note saying healthcare services provided by clinical establishments or authorised medical practitioners would not attract GST

Deliberations on draft telecom bill being conducted: Ashwini Vaishnaw

Draft telecom bill: Vaishnaw said that the Indian government will only introduce "light-touch regulations" on over-the-top (OTT) communication services

Unseasonal rain, crop losses could keep India's food inflation high

Economists say annual headline inflation will likely start easing from September's 7.41% peak but price pressures on grains, vegetable, and milk will persist

India 3rd in list of centi-millionaires, to overtake China by 2032: Report

India ranks third in the world's first-ever global study on the rise of centi-millionaires -- individuals with assets of more than Rs 830 crore ($100 million), a new report has revealed