Page 941 - Economy & Policy News

House price index rises 3.5% YoY in first quarter, shows RBI data

The all India house price index (HPI) rose by 3.5 per cent year-on-year in the first quarter of 2022-23, according to data released by the Reserve Bank of India

Increasing work on individual land under MGNREGA a boon to rural income?

In total, around 6.41 million works under individual land has been undertaken in 2021-22 financial year, of which Bihar leads the pack.

Coal companies to bring more than 2,400 ha area under green cover this year

Coal companies are hopeful of beating this year's target of bringing more than 2,400 hectares of area in and around coalfields under green cover by planting more than 50 lakh saplings, the govt said

Centre has no plans as of now to curb rice exports, says report

The government has no plans as of now to impose any restrictions on exports of rice and there are adequate buffer stocks to meet the domestic requirements, according to an official source.

Job creation, reduced inequality should be key targets for India: Report

Study says growth in prosperity also needs to be environmentally sustainable and must be solid and resilient in the face of external shocks

India can become an upper-middle-income country by 2047: Bibek Debroy

The country can become a $20-trn economy at a sustained growth rate of 7-7.5% for the next 25 years, says EAC-PM Chairman

45 data centres spanning around 13 million sq ft to come up by 2025

Over 69% of new IT capacity of 1,015 Mw will come up in Mumbai and Chennai, with 51% in Mumbai alone

How the Indian military can be weaned off its dependence on Russian weapons

Shifting toward buying more Western weapons systems and lessening its dependence on Russia, for instance, would bolster India's autonomy

Cabinet likely to take up Tejas Mark 2 case soon to grant permission

The new Tejas Mark 2 fighter is expected to be rolled out in a two-year time frame, and its first flight will take another year, say ADA officials.

Economy faces resilience test as policymakers prioritise prices over growth

Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey

What is pay commission?

Dearness Allowance for govt employees are like stopgap arrangements between two pay commission recommendations. Know what exactly a pay commission is and why are they so important for millions?

Centre may revamp framework for setting state-owned banks' targets

New framework could be on lines of earlier 'Statement of Intent' used to fix annual targets, will monitor performance on parameters such as return on assets, NPA, financial inclusion initiatives

CRISIL SME tracker: Export duty will hurt large steel players, spare MSMEs

MSMEs, which make up 90-95 per cent of re-rollers, witnessed a sharp margin contraction in FY21 owing to iron ore unavailability, and logistics and labour issues, among other factors

Will consider importing vegetables, other edible items from India: Pakistan

It looks to import vegetables and other essential food items amid devastating floods

Public sector contributes 20% to national income, 40% of total wages

India Ratings' report said nominal wages grew at a CAGR of 10.4%, while return on capital grew at a CAGR of 8.8& during FY12-FY21

Recovery tracker: Workplace visits up 26%, vehicle registrations 2%

Fewer flights and air passengers in the latest week compared to the previous one

Buy commodities, worry about recession later, says Goldman Sachs

Goldman Sachs did caution the path ahead may not be smooth, especially if the greenback extends gains

No plans to ban sale of Chinese smartphones priced under Rs 12,000: MoS IT

Rajeev Chandrasekhar said that Indian companies have a role to play in the country's electronic ecosystem but it does not mean exclusion of foreign brands

Social security pension now quicker with auto-approval mechanism

In this new auto-approved mechanism, the beneficiaries receive the pension payment order (PPO) immediately after linking their Janaadhar card with the scheme.

Godhan Nyay Yojana: Chhattisgarh eyes subsidy for vermicompost production

As of now, the Chhattisgarh government has purchased 7.35 million quintals of cow dung, paying Rs 147.06 crore to the committees and strengthening the rural economy