Page 917 - Economy & Policy News

ATF price cut 4.5%, commercial LPG rates down Rs 25.5 per 19-kg cylinder

Jet fuel (ATF) price on Saturday was slashed by 4.5 per cent and that of commercial LPG used in hotels and restaurants by Rs 25.5 per 19-kg cylinder.

Adequate food stock to meet Garib Kalyan Anna Yojana requirements: Govt

Amid concerns raised by the Finance Ministry over continuation of PMGKAY till December 2022 owing to inadequate food grains and extra burden on the exchequer, Govt claimed that it has sufficient stock

Rajnath seeks industry cooperation to take defence sector to new heights

Defence Minister Rajnath Singh on Friday exhorted the Indian defence industry to make new investments and lay more emphasis on research and development to scale new heights.

Best of BS Opinion: Surviving interesting times, Indian rich list & more

Here is the best of Business Standard's opinion pieces for today

MeitY set to revamp National Informatics Centre, make it 'future-ready'

NIC presently has around 4,000 team members on its projects and assignments and is associated with Ministries, State & District Centers, and Judiciary

Indian PV exports to pick up speed as select companies step on the gas

E-passenger vehicles to open a new frontier for Made-in-India cars in the long term

ONDC goes live with beta launch in Bengaluru; 161 orders placed on Day 1

Govt-owned network starts in Bengaluru with online grocery, restaurant orders

Rupee gains on report of RBI nudging oil firms to reduce dollar buys

Central bank's rate hike and easing dollar index lend support to domestic currency

Monsoon season ends on a high, India records 6% surplus rain: IMD

The rains which started on a moderate note in the month of June is however not expected to go away in a hurry and as per the latest forecast by India Meteorological Department (IMD)

Higher rates to hit real estate and infrastructure projects, say experts

Worried that the rising rates will hit new projects, CEOs said new loans will cost more this increasing the cost of projects

RBI raises repo rate by 50 bps to 3-year high; FY23 GDP forecast cut to 7%

Inflation target retained at 6.7%; trajectory remains uncertain: Governor

Residential sales might see a slowdown as RBI hikes repo rate: Experts

The repo rate hike does not augur well for the real estate sector, especially the residential segment as it will result in increased mortgage rates.

Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI

Das says RBI won't make public the communication on failure of achieving target to govt

Delhi govt earns Rs 768 crore revenue in one month under old excise policy

The Delhi government earned a revenue of Rs 768 crore in one month under the old excise policy regime implemented from September 1, officials said on Friday

Ahead of festive season, retail credit growth nears 20% in August

Credit growth to the services sector accelerated to 17.2 per cent in August 2022 from just 2.1 per cent a year ago. It was mainly due to improved credit off-take to NBFCs and trade sectors.

India's core sector output growth slips to nine-month low in August

The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Total govt liabilities rise to Rs 146 trn in Q1: Finance ministry report

The total liabilities of the government increased to Rs 145.72 trn at the end-June 2022 from Rs 139.58 trn end-March 2022, according to the latest data on public debt

RBI's rate hike to increase EMIs; equity, forex markets give thumbs up

RBI's decision to raise the key interest rate by half a percentage point will increase the EMIs for home, auto and other loans, though the hawkish move was cheered by both equity and forex markets

Housing sales witness 41% rise YoY in July-September: Anarock report

MMR and Hyderabad witnessed the highest new launches in Q3 2022, with approx. 36,000 units and 15,530 units, respectively