Page 918 - Economy & Policy News
Govt notifies logistics policy, infra ministries to devise plans in 6 mths
PM GatiShakti and will address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for better workforce
 "Govt notifies logistics policy, infra ministries to devise plans in 6 mths")
Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps
Services exports, remittances show momentum in Q1
 "Current account deficit widens to 2.8% of GDP in Q1; trade deficit jumps")
IT industry logged 25% attrition in FY22, trend to continue: Report
Non-technology lapping up as employees seek work flexibility and opportunities for career development
 "IT industry logged 25% attrition in FY22, trend to continue: Report")
Structural reforms keep economic recovery on course, says DEA secy
India today is focusing on infrastructure led capital spending aimed at enhancing productivity and employment while ensuring fiscal prudence with 'targeted' interventions: Ajay Seth
 "Structural reforms keep economic recovery on course, says DEA secy")
Green energy majors to invest nearly Rs 19,000 crore in Uttar Pradesh
According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve a 450 gigawatt (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030
 "Green energy majors to invest nearly Rs 19,000 crore in Uttar Pradesh")
Chhattisgarh gets approval for pulses procurement at MSPs in kharif season
The Bhupesh Baghel government had announced in July procuring arhar, urad, and moong at MSPs. Farmers will get Rs 6,600 per quintal for moong and urad, and Rs 7,755 per quintal for arhar.
 "Chhattisgarh gets approval for pulses procurement at MSPs in kharif season")
A shift towards indigenisation: 'Make in India' fortifies defence spending
An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation
 "A shift towards indigenisation: 'Make in India' fortifies defence spending")
Invest in India story, MSME sector must be promoted: Goyal to industry
Goyal's comments come after Union Finance Minister, Nirmala Sitharaman, recently asked India Inc what is stopping them from investing
 "Invest in India story, MSME sector must be promoted: Goyal to industry")
Govt lowers borrowing target for FY23; to borrow Rs 5.92 trn in H2
Govt to issue maiden Sovereign Green Bonds of Rs 16,000 cr as part of its borrowing programme for H2FY23
 "Govt lowers borrowing target for FY23; to borrow Rs 5.92 trn in H2")
India's current account deficit widens to 2.8% of GDP in Q1FY23: RBI
The CAD stood at $13.4 bn, or 1.5% of GDP, in the preceding January-March quarter, while there had been a surplus of $6.6 bn, or 0.9% of GDP, in Q1FY22
India a 'star' among EM economies with 7.3% growth in FY23, says S&P
S&P Global Ratings on Thursday said rising rates and increased European energy insecurity are hitting growth in almost every country
 "India a 'star' among EM economies with 7.3% growth in FY23, says S&P")
India eyes $550 million incentives to woo companies like Apple, Dell
The technology ministry has floated the revamped program to electronics industry executives for consultation, including payments that could exceed a half a billion dollars per company
 "India eyes $550 million incentives to woo companies like Apple, Dell")
Government approves 22nd tranche of electoral bonds; sale from October 1-10
Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Thursday approved issuance of 22nd tranche of electoral bonds that will open for sale on October 1
 "Government approves 22nd tranche of electoral bonds; sale from October 1-10")
Centre extends deadline for mandatory six airbags in cars to Oct 1, 2023
Earlier in September, MoRTH has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts
 "Centre extends deadline for mandatory six airbags in cars to Oct 1, 2023")
PM to inaugurate world's first CNG terminal in Gujarat's Bhavnagar
A public-private partnership (PPP) model will be used to create the CNG terminal project, and Gujarat Maritime Board (GMB), which now oversees the Bhavnagar Port, would be a partner in the project
 "PM to inaugurate world's first CNG terminal in Gujarat's Bhavnagar")
Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet
The Securities and Exchange Board of India (Sebi) is set to allow confidential pre-filing of offer documents to safeguard sensitive business information
 "Sebi to allow confidential pre-filing of IPO documents in Sept 30 meet")
PLI for IT hardware: Draft proposes raising financial outlay by 2.5 times
Earlier, Ministry of Electronics and Information Technology (MeitY) held discussions with global IT hardware makers who are looking to move part of their production capacity from China to India
 "PLI for IT hardware: Draft proposes raising financial outlay by 2.5 times")
GIFT city-based lessors likely to lease out 60-odd aircraft by March 2023
The 11 aircraft leased out of GIFT City to date include helicopters, regional aircraft, trainer aircraft and private jets
 "GIFT city-based lessors likely to lease out 60-odd aircraft by March 2023")
India signs deal with Armenia for export of missiles, weapon systems
Armenia is also set to get anti-tank rockets as well as a range of ammunition from India under the bundled deal
 "India signs deal with Armenia for export of missiles, weapon systems")
India's CAD may have breached 3% of GDP in Q1 on surge in imports
Analysts peg full-year figure at $120 bn, but say it will be lower as proportion of GDP than FY13 levels
 "India's CAD may have breached 3% of GDP in Q1 on surge in imports")