Page 930 - Economy & Policy News

Retail inflation rises to 7% in Aug as food prices surge; IIP growth slows

FinMin blames adverse base effect, increase in food and fuel prices

Rs 11,000-crore investments lined up to create industrial hubs in UP

Meanwhile, UPSIDA has created an industrial land pool of more than 12,000 acres to facilitate faster allotment to private companies

Chhattisgarh govt extends hydropower policy till 2032: Bhupesh Baghel

With the installation of the new plant, Chhattisgarh State Generation Company's installed capacity would increase to 4,300 Mw

Rise in retail inflation due to high food prices, adverse base effect: Govt

Inflation in "oils and fats" and"pulses and products" have moderated to 5.62 per cent and 2.52 per cent, respectively, the Finance Ministry pointed out

IGX answer to inflation: Trade gas on exchange to counter rising prices

Gas exchange's proposal also dovetails with plans by New Delhi to appoint a panel under Kirit Parikh to review India's gas pricing formulae

Steps to check prices will be felt more significantly in few months: FinMin

The finance ministry expressed optimism that export curb imposed by the government on atta, rice, maida, etc will moderate prices of these items.

Nitin Gadkari invites US bizmen to invest in Indian highway projects

The minister recently announced that the NHAI InvIT will soon be open to retail investors, and will assure them a minimum return of 7-8 per cent.

Disclosing end-use of goods must while claiming concessional import duties

Move aimed at enabling tracking of goods to ensure they don't end up in replacement market

Centre, states working jointly to stop spread of Lumpy Skin Disease: PM

Says indigenous vaccine and movement of animals being stopped to control the spread of LSD

Coal ministry to e-auction 10 reserves on Sep 13 for commercial mining

Till now, the Coal Ministry has auctioned 43 coal mines with peak rate capacity of 85.4 million tonnes per annum

PM to launch national logistics policy on Sat for seamless flow of goods

The policy is being brought in tandem with Prime Minister's ambitious GatiShakti national master plan

Govt health expenditure fell from 1.35% of GDP in 2018 to 1.28% in 2019

In the same period, the out-of-pocket expenditure as a percentage of the total health expenditure also fell from 48.8 to 48.2.

India's retail inflation rises to 7% in August; July IIP tumbles to 2.4%

India's retail inflation has been above RBI's upper tolerance limit of 6% for eight consecutive months

12% of Apple's iPhones sold worldwide could be India-made by FY26

Vendors' minimum commitment of FoB value for incremental production under PLI will be the decider

Discussion underway to extend PLI scheme to more sectors: Official

The objective of the scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost exports and create jobs.

Top headlines: Retail inflation rises to 7% in August; AI leases 30 planes

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices

India likely to offer $2.5 billion lifeline to cost-hit oil companies

The three biggest state-run retailers, which together supply more than 90% of India's petroleum fuels, have suffered the worst quarterly losses in years by absorbing record international crude prices

Gazprom Singapore pays meagre penalty for defaulted LNG deliveries to India

A former unit of Russia's Gazprom is paying a 'meagre' penalty for the LNG cargoes it had failed to deliver to India since early June to absolve itself of all contractual liabilities

Rupee shown more resilience than other currencies in recent years: Goyal

The Indian rupee was trading at Rs 79.67 to a US dollar in early trade on Monday

Recovery tracker: Spike in air passenger numbers, power generation up

Vehicle registrations were lower than the week before