Page 921 - Economy & Policy News

Rupee loses 10% vs USD over a year, FX reserves fall to near 2-yr low

The rupee has depreciated 9.7 per cent against the dollar since September 2021

Recovery deep dive: Top 5 states bag lion's share in formal jobs post Covid

India's post-pandemic recovery appears to be shaping up like the letter K. In a three-part series, Business Standard illustrates how the K-shaped recovery is widening the inequality among states

Foreign trade policy extended by six months amid global headwinds

An FTP is an elaborate policy guideline and a strategy to promote export of goods and services

Car makers on road to pre-Covid profit as festival season sales soar

Maruti is operating at 95 per cent of its prodcution capacity

Fund of Funds for startups committed Rs 7,385 cr to 88 AIFs: Govt

Under FFS, support is extended to SEBI-registered AIFs, which in turn invest in startups

Recovery tracker: Power generation, consumption lower than before

Decline also seen in vehicle registrations, railway freight growth

Rupee fall may or may not help exports, says FM Nirmala Sitharaman

Sitharaman said the central bank has used nearly $75 billion to stop fluctuations and severe volatitlies in rupee-dollar exchange rate

Uttar Pradesh tops GeM chart with GMV of more than Rs 24,000 crore

The Centre has incrementally been expanding the GeM shopping basket by offering over 300 services and 10,000 goods categories for government sector buyers

Nearly 1.2 million farmers benefit from power subsidy in Rajasthan

The state government on July 17 last year launched the scheme

Indian economy showing resilience and recovery, says CEA Nageswaran

Nageswaran said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges

Govt decides to extend existing Foreign Trade Policy by another six months

Add Secy said there were demands from different quarters, including industry associations and export promotion councils, to extend the policy and not introduce the new one at this time

OECD, S&P keep India's economic growth forecasts unchanged for FY23

S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23

Gateway Partners sees over $1 bn investment potential in India in 5-10 yrs

Gateway Partners is planning to invest over $1 billion in the next five to 10 years in the booming Indian economy, according to a top company official

Top headlines: Rupee at new low; Unilever CEO to quit end of next year

From rupee touching a new low to Unilever CEO quitting by end of next year; here are the top headlines this evening

ITeS sector's growth prospects in FY23 augur well for SMEs: CRISIL

In FY22 the ITeS sector's revenue logged 13-15% growth to about Rs 3.1 tn, riding on volume recovery across the three key segments - customer relationship management (CRM), knowledge, and transactions

Govt looking to plug loophole in solar equipment import duty: Report

The central government is looking at ways to plug a loophole in regulations that are allowing solar power developers to avoid paying duties of nearly 40% on cells and modules

S&P projects India's FY23 GDP growth at 7.3%, pegs inflation above 6%

S&P Global Ratings projected India's economic growth at 7.3% in current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold

1 in 3 families may splurge over Rs 10,000 this festival season: Survey

LocalCircles report said CMIE had reported that the consumer sentiments decreased in August after rising in July

Statsguru: Why is the cheetah reintroduction in India a challenge?

Attempts at sustainable fishing practices which incorporate fisherman's wishes are said to be one way to address the issue

Amended Electricity Act 2022 sparks debate: States feel 'powerless'

State governments - specifically those run by Opposition parties - claim that the amendments will curtail their powers, especially relating to subsidies given to the farm sector