Page 893 - Economy & Policy News

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

Odisha AAR says separate registration must for construction work in state

The ruling is in conflict with position taken by other AARs; industry wants CBIC clarification

India unlikely to join G7 push to cap Russian oil prices to counter Putin

The move to cap prices of Russian oil comes amid efforts to reduce Russia's revenue to counter its advances in Ukraine war, with minimum impact on global energy crisis

RBI should pause rate hikes as growth fears loom: MPC member Varma

India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma said

Centre will now define minimum work requirement under MGNREGA: Report

Earlier, state governments had the responsibility to define the minimum quantum of work required to earn a day's wages

Cocktail of macroeconomic data paints bleak picture of global economy

Long, short or medium, all of the announcements by governments of the world are "willing and able" to make the equity, currency and commodity markets gyrate wildly

Union Budget 2023: Individual taxpayers can expect some relief

Experts caution that fiscal support alone may create artificial demand and jack up prices

Poverty in India fell by 415 million in 15 yrs; still has maximum poor: UN

Global Multidimensional Poverty Index has revealed that COVID-19 pandemic had set progress in reducing poverty back by 3-10 years

Will India become a net importer of wheat?

Wheat stocks with the FCI stand at a six-year low now, slightly above the minimum prescribed buffer. Will India turn into a net wheat importer now, just months after promising to feed the world?

Indians remitted $2.67 billion in August under LRS scheme, shows data

According to RBI data, in August, Indians remitted $467.52 million for overseas education, $330.70 million for maintenance of close relatives, and $221.31 million in gifts.

140 million pulled out of poverty in India since 2015-16, says UNDP

Incidence of multidimensional poverty declined from 55.1% in 2005-06 to 16.4% in 2019-21

Headline inflation might have peaked in September, says RBI report

Fight against price rise could be 'dogged and prolonged'

Diversity in India Inc: Women got only 21 out of every 100 new jobs in FY22

This is the second of a four-part series examining diversity, equity and inclusion (DE&I) in corporate India. Part 2 looks at a decline in the representation of women in the workforce

Bangladesh, Vietnam seen as competitors in textile and garment trade

With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.

Wheat price rise normal; have enough stocks to meet demand: Govt

According to FCI, the wheat stock in Central pool on April 1 next year is expected to be 11.3 million tonnes, higher than the buffer requirement of 7.5 million tonnes

India needs dedicated wing to release Green GDP estimates, says RBI article

India needs to set up a dedicated wing in the environment ministry to release estimates of Green GDP periodically on a regular basis and create a user-friendly data dissemination platform

Supreme Court rejects plea by Hero MotoCorp for full budgetary support

But suggests GST Council, states consider mechanism for reimbursing eligible units

Fight against inflation will be dogged, prolonged: RBI article

Retail inflation spiked to 7.41% in September, remaining above RBI's upper tolerance level of 6% for the ninth month in a row

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister

TN taking steps to withstand possible recession: State finance minister

"Governance is akin to playing a game of chess, where you have to plan at least two-three moves ahead. We plan things ahead for next six months as well as two years ahead," he said.