Page 916 - Economy & Policy News

House panel flags poor placements, under-utilisation of funds in PMKVY 3.0

The committee is particularly concerned about the third edition of the scheme, as placement figures fall below 10%

Finance ministry confident of keeping FY23 fiscal deficit in check

Robust tax mop-up, savings through SNA dashboard bode well for balance sheet, say officials

Cotton sector pins hopes on stable demand-supply situation in new season

Yarn makers, though, complain of sharp drop in demand and growing stockpiles

Iron ore, coal transport push Sept Railway freight up 9.7% to 116 mn tonnes

FY23 auto freight grows 72% as automakers switch to rail

UP, Gujarat, Madhya Pradesh likely to get funds for optical fibre cables

States have to ensure that there is no duplication of the existing Bharat net project in setting up OFC networks

Concessional import duties on edible oils in place till March 2023

Concessional import duties on specified edible oils are in place till March 2023, said the food ministry

Govt issues draft guidelines for RRBs listing; minimum net worth Rs 300 cr

In a bid to enable RRBs to raise resources by listing on stock exchanges, the government has issued draft guidelines that set certain basic criteria, including net worth of at least Rs 300 crore

Inflation may fall to 5.2% next fiscal on normal rains, supply ease: Report

High inflation remains a key policy concern for the Reserve Bank but the pressure might ease next fiscal assuming normal rains and further normalisation of global supply chains, said an RBI report

Fuel sales jump in Sep as economy activity picks up before festival season

Petrol and diesel sales in India jumped in September as economic activity picked up with the nearing festival season and the ending of the monsoon raised the demand, preliminary industry data showed

Telangana attracts over Rs 2.5 trn investments in 8 years: KT Rama Rao

Telangana has attracted over 2.5 lakh crore in investment across various sectors in the last 8 years due to business-friendly policies and atmosphere, state Industries Minister KT Rama Rao said

Govt approves productivity-linked bonus to railway employees for 2021-22

The government has given approval to Productivity Linked Bonus (PLB) equivalent to 78 days wage to eligible non-gazetted railway employees for the financial year 2021-22

Is India's external account becoming vulnerable?

Rising global commodity prices have widened India's current account deficit to 2.8% of GDP in Q1. But RBI Governor says, forex reserves compared favourably with most peer economies. Here's more

Will cover close to 80-90% of India with 5G in next two years: Vaishnaw

Close to Rs 500 crore per year of investments for developing new technology will be available for the country, said Ashwini Vaishnaw

Economy seen as sweet spot world over; inflation at manageable level: FM

Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level.

Retail prices of essential food items spike significantly in one year

The average retail prices of essential food items, including rice, wheat and atta, have significantly increase in the last one year

GST mop-up in Sept at Rs 1.47 trn; festival season to push up revenues

GST collections remained above Rs 1.40 trn for the seventh month in a row at Rs 1.47 trn in Sept, a 26 per cent increase over last year, reflecting buoyancy in tax collection and stability

From being a consumer of tech, India to play role in developing it: PM Modi

India has not been able to take advantage of the first 3 Industrial revolutions, but will now lead the fourth industrial revolution, the Prime Minister said at the sixth India Mobile Congress.

No petrol, diesel in Delhi without PUC from October 25, says Gopal Rai

In a bid to curb vehicular pollution, the AAP govt has decided that petrol and diesel will not be provided without PUC certificate at petrol pumps in the national capital from October 25

GST collections rise by 26% to over Rs 1.47 trn in September 2022

The Goods and Services Tax (GST) collection remained above the Rs 1.4 trillion mark for the seventh straight month during the month

Govt defers Rs 2/litre additional excise duty on petrol, diesel by a month

The government has put off by one month the levy of an additional Rs 2 per litre excise duty on petrol and diesel that is not doped with ethanol and bio-diesel