Page 919 - Economy & Policy News

Centre in 'mission mode' to fill job vacancies in govt depts and ministries

The centre is also pushing PSUs to ensure timely filling up vacant posts, including the ones reserved for socially backward classes

Centre extends free food grain scheme till Dec at a cost of Rs 45k cr

Move to cost the exchequer additional Rs 44,762 crore

Cabinet okays Rs 10,000-crore 'futuristic' revamp of three railway stations

New Delhi, Ahmedabad, and CST stations to be redeveloped under EPC model

France's Naval Group and IIT Goa to work on underwater sensors' data

During Sea Tech Week 2022, the two entities signed an agreement to collaborate in joint research aimed at improving the analysis of data collected by underwater sensors, using neural systems and AI

Three fertilizer firms sign MoU with Canada's Canpotex to import potash

India meets 100 per cent of its potash requirement through imports. The country imports approximately 40 lakh tonnes of MOP annually.

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

Most job vacancies recorded during third Covid wave were in health sector

Besides health, trade and IT/BPO sectors saw vacancies increasing during the pandemic's Omicron phase

Aggressive rate hikes may be counterproductive in short run: Emkay Wealth

Central banks across the globe including in the US and Europe and other countries have raised interest rates sharply in the recent past to rein in high inflation

Govt to decriminalise some offences under GST, lower compounding charges

Govt is working on decriminalisation of certain offences under GST by raising the threshold limit for launching prosecution and also lowering charges for compounding of offence, said an official

Top headlines: Centre hikes employees' DA by 4%; TaMo drives in Tiago EV

Business Standard brings you top news of the evening

Centre gives 4% hike in DA to its employees, pensioners ahead of Diwali

The combined impact on the exchequer on account of both DA and DR would be Rs 12,852.5 crore per annum, said Information and Broadcasting Minister Anurag Thakur

India doesn't need so many public sector banks, says former SBI chief

India needs 'fewer' but stronger Public Sector Banks, and the smaller ones could be privatised or merged, former SBI chief Arundhati Bhattacharya has said

Spectrum allocation plan may be updated when telecom bill goes live

An updated National Frequency Allocation Plan may open up new spectrums for 5G auctions and deployments in next 6-10 months, said officials

Cabinet nod to re-development of 3 railway stations at a cost of Rs 10k cr

Tender for the re-development of NDLS, CSMT and Ahmedabad railway stations will be issued in the next 10 days, says Railways Minister Ashwini Vaishnaw

RBI MPC: Experts see a 50 bps hike, pressure on the real estate sector

Costlier EMIs and the limited ability of banks to transmit the rate hikes to customers may lead to the real estate sector becoming among the worst impacted sectors

Last date for export of broken rice in transit extended till October 15

The government had banned the export of broken rice on September 8 but allowed shipments of certain consignments during September 9-15

India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Indian Railways to resume levying surcharge during busy season from Oct 1

The surcharge will be levied on transportation of all commodities barring coal and coke, containers and automobiles moved in certain wagons

Household savings in India dip to lowest in five year as inflation persists

As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22

India rules out tax policy changes for inclusion of bonds in global indices

The government doesn't plan to waive capital gains taxes, and it's concerned that foreign inflows will increase the volatility of local markets