Page 892 - Economy & Policy News

How ready is India to sell indigenous 5G technology globally? Jury's out

Though Airtel and Reliance Jio are developing their own 5G technologies, they are still tying up with global gear makers to roll out the network in the country

India-Russia JV hopes for $5 bn in supersonic missile exports by 2025

The joint venture, with a 50.5% Indian and 49.5% Russian partnership, fits into PM Modi's flagship make-in-India programme

Centre raises wheat MSP by 5.46%; biggest hike kept for mustard, lentils

Biggest increases in support price reserved for mustard, lentil

Recovery tracker: More people travelling by air, workplace visits up 9.7%

Indian Railways registers higher growth in quantity of goods carried

Highways authority to hold officials liable for any fatal accidents

National Highways Authority of India (NHAI) will hold officials liable for any fatal or serious accidents that occur as a result of poor road engineering works.

States' market borrowing cost falls sharply by 11 basis points to 7.72%

After rising steeply for a month, the cost of market borrowing for states declined sharply on Tuesday with the weighted average cut-off falling by 11 basis points to 7.72 per cent

Draft Telecom Bill enhances unease of doing biz amid regulatory overlaps

Regulatory overlaps between multiple ministries and overreach by DoT worry stakeholders

Govt gets dividend tranches from Uranium Corp, Shipping Corp, KIOCL

The Central government has received Rs 197 crore, Rs 48 crore, and Rs 10 crore from Uranium Corporation of India Ltd, KIOCL and Shipping Corporation of India (SCI), respectively, as dividend tranches

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

FinMin seeks trade, industry suggestions on taxes for 2023-24 Budget

Kickstarting stakehoder consultation for 2023-24 Budget, the finance ministry has sought suggestions from industry and trade associations regarding direct and indirect taxes

MSP hike of Rabi crops will further energise agriculture sector: PM Modi

Prime Minister Narendra Modi said on Tuesday the hike in the minimum support price of several Rabi crops will further energise the agriculture sector

Govt must set moderate divestment targets, says DIPAM Secretary

Last fiscal year, the government raised just over Rs 13,500 cr from the sale of stakes in state-owned firms, a fraction of its target of Rs 1.75 trn and missing its divestment goal for a third straigh

India sees 34% uptick in jobs related to 5G adoption, telecom: Report

As enterprises look at 5G adoption at an accelerated pace with its roll out in India, job postings for telecommunications and 5G have increased by 33.7 per cent in the last 12 months

Jyotiraditya Scindia urges states and UTs to reduce tax on jet fuel

Union Civil Aviation Minister Jyotiraditya Scindia said there is a huge demand for air travel after the pandemic and urged eight states and Union Territories to reduce the tax on jet fuel

Centre examining proposal to raise tax on import of palm oil: Report

The government has also received petitions from the industry to raise the import tax to help prop up falling oilseed prices, says a source

Top headlines: Govt hikes MSP on wheat, mustard; Binny new BCCI President

With the hike, the new MSP of wheat will be Rs 2,125 per quintal as against RS 2,025 per quintal earlier

Draft Telecom Bill: What does it say, why there is controversy over it

The bill provides a regulatory framework for spelling out the govt's role in telecommunication services and networks; telecommunication equipment and infrastructure; and spectrum and its assignment

India cotton output seen rising 12% on bigger crop area, says trade body

India is likely to produce 34.4 million bales of cotton in the 2022/23 season that started on Oct. 1, up 12% from a year ago after farmers expanded the crop area, a trade body said on Tuesday

RBI's currency intervention ends up hurting rupee carry trade: Analysts

The Reserve Bank of India's currency intervention is making the rupee less attractive for carry traders, analysts said.

IIT-Goa will create 2,000 employment opportunities: State minister

A Goa Minister on Tuesday said that the prolonged Indian Institute of Technology (IIT) project in Sanguem may create 2,000 employment opportunities which would benefit the local youth