Page 940 - Economy & Policy News

Coking coal price rise likely to delay margin recovery of steelmakers

The domestic market has also seen a sharp correction in steel prices from peak levels

300 liquor stores, 4 microbreweries: Host of changes for tipplers in Delhi

Delhi is set to return to the old liquor excise policy regime, which includes opening 300 new liquor shops, and four microbreweries in the city

Customs to start risk-based scrutiny of imported goods in phases from Sep 5

This would promote ease of doing business as it would bring uniformity in Customs examination, and reduce the time taken for clearing consignments

4 microbreweries to start in Delhi from Sep; mobile app to give more info

4 microbreweries serving draught beer will start operations in Delhi from September while a mobile app has been developed to provide information on dry days, liquor brands, and their availability

India's economy probably grew at its fastest pace in a year in June qtr

Gross domestic product (GDP) in the three months to June 30 was probably 15.2% higher than a year earlier, a Reuters poll showed this week

State of the economy: What do Q1 GDP estimates suggest?

Backed by a rebound in consumption, Indian economy is forecast to have double-digit GDP growth in the April-June quarter. What are the implications of the forecasts that have been released so far?

Electronics supply chain must give equal access to everybody: Chandrasekhar

We expect transparency in supply chains from all players in the ecosystem, minister says

Use technology to make insurance affordable, says Irdai chairman Panda

Panda also nudged the industry to come out with solutions that are pocket-friendly

Finmin reviews PSBs' financial performance, progress on financial inclusion

The banks' performance was measured on parameters such as credit growth, asset quality and recoveries; they were also assessed on penetration of insurance schemes

India will not miss estimated 11.1% FY23 nominal GDP growth: Bibek Debroy

The country, according to the chairman of the Economic Advisory Council to the Prime Minister, will achieve the estimates made in the Budget, despite the tense geopolitical situation

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

State of the Indian economy: Unequal, uneven distribution of wealth

The income gap between states is growing and the pain of inflation is worse for those falling behind

Goyal reviews ongoing FTAs; deliberates ways to fast track negotiations

India is currently negotiating trade deals with developed nations such as the United Kingdom (UK), Canada and the European Union (EU).

ONDC to soon open up for beta-testing for public in limited areas

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

IT ministry to promote 10,000 startups in next 5-6 years: A K Sharma

The government is looking to promote more than 10,000 startups in the next 5-6 years under the GENESIS programme, Ministry of Electronics and IT (Meity) Secretary Alkesh Kumar Sharma said on Tuesday.

E-governance: Draft rules on data anonymisation, mobile security released

The documents are open for public consultation and the comments would be accepted till September 21

Wind energy has huge potential in India, to cost less by 2026: GWEC

The agency analyses the factors that can reduce the levelised cost of energy over the next few years.

Streamlining trade margins on drugs priced Rs 100 and above likely

Drugs for ailments like chronic kidney disease, some high end antibiotics, anti-virals (anti-infectives), as well as some cancer drugs are likely to be brought under trade margin rationalization first

Govt to lift 51.8 mn tonnes rice in 2022-23, double coarse cereal purchases

Rice procurement a tad higher than 50.98 mn tonnes in 2021-22; market sources say this could be a sign that govt does not expect a major drop in Kharif rice output

Hit on revenues from alcohol to dent Delhi govt's revenue balance

The projected revenue from alcohol estimated at the time of presenting the Budget constituted around 20 per cent of the state's expected own tax revenue and 15 per cent of its total receipts.