Page 933 - Economy & Policy News

India's August fuel demand rises 16.3% y-o-y to 17.81 million tonnes

Sales of gasoline, or petrol, were 11.6% higher from a year earlier at 3 million tonnes

Finance Ministry to kick-start budgetary exercise from October 10

During the election year, the government presents Vote on Account for the limited period. Usually the budget is cleared till July

Import of Russian oil at discounted price part of inflation management: FM

Finance Minister Nirmala Sitharaman on Thursday said India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management

How can India make its cars safer and save lives?

Cyrus Mistry's death has triggered a debate around road safety. Union Minister Nitin Gadkari has said the govt will enforce the rule that all travelers in a car, even on the rear seat, wear a seatbelt

PM SHRI: Here is what the scheme is about and how it will be implemented

The Union Cabinet approved a Rs 27,360 cr budget for the ambitious PM SHRI scheme to upgrade nearly 14,500 government schools across the country

Why India remains a marginal player in global fruit and veggie market

Though a major producer, lack of infra has meant that country accounts for just 1% of market share, and relies predominantly on neighbours

Automobile retail sales in India increase by 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31% in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday.

India's online festive sales to register 28% increase to hit $11.8 bn

The festive month is generally defined as a period starting from the first sales event and lasting roughly till Diwali week

Indian economy linked to world, decoupling not possible in reality: Analyst

A global slowdown will have severe repercussions for India's balance of payments BoP through lower exports; a meaningful slowdown of late and lower capital inflows.

Why 'Make in India' in defence may be leaving India vulnerable to threats

India's air force, army, and navy can no longer import some critical weapons systems to replace aging ones, the officials said

Indigenising gas turbine engines a strategic necessity; could save Rs 3 trn

due to a trust deficit and the absence of inclusive policies for involving private players, aero engine research and development (R&D) remains a monopoly of the public sector

GST wing of CBIC conducts tax inspections against insurance companies

A government source said the tax searches were about cases where the insurance companies had taken input tax credit in excess of what they are entitled to.

Public sector banks to open 316 branches in financial inclusion drive

Brick and mortar branches to be opened by December 2022; progress was shared in PSB review

CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

Move likely to pave way for Concor's strategic sale

Gadkari bets on electric mobility, PPP, retail investors for infra growth

Gadkari called road accidents his biggest failure as the road minister

Democracy holds India together as country and economy: BS Panel

For the next 25 years, the panellists picked equitable wealth distribution as the biggest issue to be addressed

Tech firms, telcos in India urge central govt to control internet shutdowns

The government in 2019 had said emergency internet shutdowns were a matter for states in the interest of law and order

FM Sitharaman stresses on timely completion of IMF 16th quota review

A general review allows the IMF to assess the adequacy of quotas in relation to both the members' balance of payments in financing needs and the Fund's ability to help meet those needs

Defence sector firms set for gains as India pushes indigenous manufacturing

Companies like BEL, BDL and HAL have strong order books and are prepping for the export market, say analysts

Goyal launches initiative to connect Indian startups with US investors

The programme was launched during an interaction focused on specific issues related to the startup ecosystem in India