Page 934 - Economy & Policy News
India keen on strengthening energy ties with Russia: Modi tells summit
PM's virtual address to Vladivostok meeting calls for 'diplomacy, dialogue' to end war in Ukraine
 "India keen on strengthening energy ties with Russia: Modi tells summit")
Job creation, wealth distribution priority over inflation: FM Sitharaman
The finance minister said if India and the United States joined efforts in growing their respective economies, they might be the engines of global growth within the next two decades
 "Job creation, wealth distribution priority over inflation: FM Sitharaman")
Union Cabinet approves policy on long-term leasing of Railways' land
The proposed changes will pave way for privatisation of Concor because it will help strategic buyers pay much less amounts as land rentals to railways for a longer period, officials explained
 "Union Cabinet approves policy on long-term leasing of Railways' land")
Top headlines:Adani to build 3 giga factories; FM says inflation manageable
Business Standard brings to you top headlines for the evening
 "Top headlines:Adani to build 3 giga factories; FM says inflation manageable")
Former RBI Guv suggests 10-year road map for privatisation of all PSBs
Subbarao said the government should also be thinking about corporatisation of public sector banks so that they come within the umbrella of uniform RBI regulation
 "Former RBI Guv suggests 10-year road map for privatisation of all PSBs")
Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL
The consumer durables sector's revenue in India is likely to grow 15-18 per cent to Rs 1 trillion in the current financial year on back of 10-13 per cent increase in volume, CRISIL said in a release
 "Volume vault to lift consumer durables sector's revenue 15-18%, says CRISIL")
Standard Chartered raises India's current account deficit estimate to 3.8%
The British bank raised its CAD forecast for fiscal year ending March 2023 to 3.8% of India's GDP from its earlier estimate of 3.0%
 "Standard Chartered raises India's current account deficit estimate to 3.8%")
Inflation has eased to manageable level, says Finance Minister Sitharaman
Job creation and equitable distribution of wealth remain the other focus areas, she said at India Ideas Summit here
Mizoram to soon notify rules for processing local grapes for wine making
The Mizoram government will soon notify rules for processing locally grown grapes to make wine in the state, a minister said.
 "Mizoram to soon notify rules for processing local grapes for wine making")
India aspiring to take international trade to $2 trn by 2030: Piyush Goyal
India's goods and services exports have already crossed $675 billion in last fiscal year and the country is now aspiring to take international trade to $2 trillion by 2030
 "India aspiring to take international trade to $2 trn by 2030: Piyush Goyal")
US, EU demand slowdown, global uncertainties impacting India's exports
Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors and may have implications on India's exports in case the global situation does not improve
 "US, EU demand slowdown, global uncertainties impacting India's exports")
FSSAI suspends 16 licences for non-compliance with calorie count order
The FSSAI has suspended the licenses of 16 food business operators for not complying with the regulator's latest norms
 "FSSAI suspends 16 licences for non-compliance with calorie count order")
Paddy sown in just around 50% of normal area in Jharkhand till Sep 2
Most parts of India were likely to get normal to above normal rainfall in September, says IMD
 "Paddy sown in just around 50% of normal area in Jharkhand till Sep 2")
Private players dominate external debt growth amid economic recovery
External borrowings up 8.2% overall in FY22; private debt accounts for 60%, against 29% a year ago
 "Private players dominate external debt growth amid economic recovery")
India inflation rate likely rose to 6.9% in August, says Deutsche Bank
The risks to food inflation persist with negative seasonality kicking in for the September-November period, the bank said
 "India inflation rate likely rose to 6.9% in August, says Deutsche Bank")
Nomura raises India's CAD estimate on fears of slowdown in export
Research house Nomura expects CAD as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will further skew the country's trade imbalances
 "Nomura raises India's CAD estimate on fears of slowdown in export")
Divestment drive: Govt looks to privatise PSUs in fertiliser sector
According to the PSE policy, 2021, the government will look at leaving non-strategic sectors, such as fertiliser, steel and tourism, by privatising or closing PSUs
 "Divestment drive: Govt looks to privatise PSUs in fertiliser sector")
Moody's retains India rating and outlook, days after cutting GDP forecast
Says credit profile reflects strengths like large and diversified economy, but warns that country is highly exposed to climate change events
 "Moody's retains India rating and outlook, days after cutting GDP forecast")
Centre releases revenue deficit grant of Rs 7,183 cr to 14 states
The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23.
 "Centre releases revenue deficit grant of Rs 7,183 cr to 14 states")
Amid global headwinds, Indian exporters hope to tide over slowdown
Say India is better placed even as exports decline