Page 891 - Economy & Policy News

MGS, Light Tank, WhaP: DRDO presents 3 'Make in India' successes at DefExpo

The DRDO has chosen Larsen & Toubro as a "design cum production partner"

After wheat, iron ore, Railways raises wagon registration fee for all goods

Moreover, the charge for booking an entire rake, or goods train, has been revised to Rs 1,00,000 from the earlier Rs 50,000

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers

GST Council to meet before mid-Nov; GoM report on tax casinos on agenda

The GST Council is likely to meet in the first half of November to discuss the reports of the panel of ministers on setting up GST appellate tribunal and levy of tax casinos and online gaming

Tussle over secrecy delays trade data compilation by Commerce Dept: Sources

The development comes in the backdrop of India's merchandise exports witnessing 4.8 per cent year-on-year rise to $35.45 billion in September

India to examine Russia oil price cap as refiners line up Dec crude buys

India has emerged as Russia's second biggest oil client after China as some western entities shunned purchases form Moscow following its late February invasion of Ukraine

Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal

RBI MPC member Ashima Goyal said that the efforts of the Reserve Bank to contain price rise by increasing interest rates will help in containing inflation, which is likely to fall below 6 next year

MSMEs can continue to avail non-tax benefits post re-classification: Govt

Micro, small and medium enterprises will continue to avail all non-tax benefits in their respective categories post re-classification for three years, the government said on Wednesday

5G service will take education system to next level: PM Narendra Modi

Prime Minister Narendra Modi on Wednesday said the recently launched 5G telecom service will take the education system to the next level in the country

Risk to India's sovereign rating from external pressures limited: Fitch

Country relatively insulated from volatility due to limited reliance on external financing, says rating agency

Sebi focuses on data, tech tools to detect malpractice in securities mkt

With an aim to strengthen transparency and fairness in the capital markets, Sebi is focusing on data tools to detect wrong-doing in the securities market as well as for its policy formulation

India to bring National Tourism Policy to provide sustainable tourism

Aimed at providing a secure, creative, responsive and sustainable tourism sector, India is planning to bring a National Tourism Policy 2022 this year

5G will transform healthcare delivery in countries like India: Oracle

As India rolls out 5G in select cities, the role of the technology in delivery optimum healthcare in remote areas cannot be denied and according to Cloud major Oracle

India will become world's defence manufacturing hub in next 25 yrs: Rajnath

Defence Minister Rajnath Singh on Wednesday said that the DefExpo 2022 reflects India's strong resolve to safeguard the nation and said that the country would become a defence manufacturing hub

Railways to shut down COFMOW on Dec 1, seeks to trim undertakings

Unit for railway workshops being closed as part of finance ministry recommendation on 'rationalization of government bodies'

DoT to address Trai's concerns on dilution of power by draft telecom bill

DoT has also sought feedback on the bill from all ministries of the Central government, state government and the public along with Trai

How is centre faring on its non-tax revenues, divestment targets in FY23

The total non-tax revenue target for the year is Rs 2.69 trillion, while that for disinvestment is Rs 65,000 crore

Is the worst of inflation behind us?

RBI says that the inflation might have hit the peak and it could start to lose steam from now. Some say the RBI should breathe easy, while others say it shouldn't. Is the worst of inflation behind us

India-UK FTA: India unlikely to commit on labour, environment issues

Trade experts said that it will be interesting to see if the UK will be willing to sign the trade deal, without India giving any commitments on the new-age trade issues

Despite economic recovery, real rural wage growth remains flat in FY23

The growth in nominal terms has been steady but the sharp rise in inflation seems to have eaten into the increase