Page 902 - Economy & Policy News
MGNREGA improved earnings during Covid-19, but more funding needed: Report
According to the 'Employment Guarantee during Covid-19' report, the spending on the MGNREGA needs to go up by three times
 "MGNREGA improved earnings during Covid-19, but more funding needed: Report")
The process involved in preparing the Union Budget: An explainer
All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech
 "The process involved in preparing the Union Budget: An explainer")
Maharashtra to come out with a policy for data centres in a month: Official
"This government will provide an adequate, optimal policy for data centres, which is beneficial to the citizens and enables the entrepreneurs and the ecosystem," the official said.
 "Maharashtra to come out with a policy for data centres in a month: Official")
Govt to offer aid to set up paddy straw pelletisation, torrefaction plants
With supplemental efforts by other stakeholders, the guidelines are expected to enhance paddy straw utilisation in power plants and industries
 "Govt to offer aid to set up paddy straw pelletisation, torrefaction plants")
India to become world's third-largest economy by FY28, says IMF
Projected to grow bigger than Japan at $5.36 trillion
 "India to become world's third-largest economy by FY28, says IMF")
13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report
Spending space available without pressure to their fiscal profile, says agency
 "13 states can incur capex worth Rs 7.4 trillion in FY23: ICRA report")
India pushes for settlement of international trade in rupee with Sudan
In July, the RBI had unveiled a mechanism to settle international transactions in rupee to promote the growth of global trade, with emphasis on exports from India
 "India pushes for settlement of international trade in rupee with Sudan")
September sees revival in national highway construction: Govt data
The ministry had constructed 10,237 kms in 2019-20, 13,327 kms in 2020-21, and 10,457 kms in 2021-22
 "September sees revival in national highway construction: Govt data")
Govt removes criteria for CPSEs to improve share price over sectoral index
Among other key criteria, the MoU has now assigned 2 marks out of 100 for procurement from GeM portal as percentage of total procurement
 "Govt removes criteria for CPSEs to improve share price over sectoral index")
No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal
The NCD issuance has a 25 per cent reservation for retail investors
 "No immediate plan to get retail investors into NHAI InvIT: CEO Suresh Goyal")
Uttar Pradesh: Global defence firms to attend investment meet in Lucknow
In probable first-time-ever prospect, the world's leading military hardware makers will compete in a commercial landscape in the aftermath of the Russia-Ukraine conflict.
 "Uttar Pradesh: Global defence firms to attend investment meet in Lucknow")
Interest-free loans for 100K rural families of Rajasthan for non-agri work
The state government has set aside Rs 2,000 crore for the Rajasthan Rural Family Livelihood Loan Scheme.
 "Interest-free loans for 100K rural families of Rajasthan for non-agri work")
Govt's ethanol blending programme faces supply and pricing problem
The government's ambitious aim to double the blending target could face challenges from two of the three sources: Grain-based and biomass-based
 "Govt's ethanol blending programme faces supply and pricing problem")
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
 "As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier")
Railways plans to launch Vande Bharat trains for freight operations
The Centre, in this fiscal year's Union budget, had laid out a target to roll out 400 Vande Bharat trains by the end of 2024-25
 "Railways plans to launch Vande Bharat trains for freight operations")
At 82.34, rupee ends marginally weaker ahead of US inflation test
The rupee ended at 82.3450, compared with its previous close of 82.3150, after trading in a narrow range through the session
15 states among achievers in logistics performance index 2022: DPIIT report
Andhra Pradesh, Assam and Gujarat are among the 15 states and UTs categorised as achievers in the logistics index chart 2022, according to a report by the commerce and Industry Ministry
 "15 states among achievers in logistics performance index 2022: DPIIT report")
NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari
National Highways Infra Trust (NHAI InvIT) is looking to raise additional Rs 3,800 crore, Road Transport and Highways Minister Nitin Gadkari said on Thursday
 "NHAI InvIT looks to raise additional Rs 3,800 cr: Minister Nitin Gadkari")
India's economy faces significant external headwinds, says IMF
Earlier this week, the Washington-based fund lowered India's growth forecast by 0.6 percentage points to 6.8% for the year ending March 2023 -- the biggest downgrade among major economies after the US
India palm oil imports jump to 1-year high in September as discounts widen
The September imports jumped 18% from a month ago to 1.17 million tonnes, the highest since last September, the Solvent Extractors' Association of India, a trade body based in Mumbai, said
