Page 942 - Economy & Policy News

Govt working to avoid panic over rice with targeted curbs on export

India accounts for 40% of the global rice trade so any change in its export policy has huge implications for the billions of people who depend on the staple

Statsguru: Six charts explain the rise of UPI transaction volumes

Smaller transactions dominate the system. Nearly seven out of every 10 transactions initiated via UPI are for less than Rs 500

Piyush Goyal likely to chair Board of Trade meeting next month

Discussions in the meeting are expected to focus on the new Foreign Trade Policy (FTP 2022-27), ways to take forward domestic manufacturing and exports

PMJDY accounts hit 462.5 mn in eight yrs, deposits reach Rs 1.73 trillion

However, there was a decline in operative accounts as a percentage of the total, from 85.6% in August 2021 to 81.2% in August 2022

Govt may try new currency swap to help developing economies avert default

This is backed by trade in minerals, which is essential for India to build chip industry, expand renewable energy

Pricing regulator closely watching prices of diabetes drug going off patent

Regulator looking to cap prices of Sitagliptin, Linagliptin and combinations

National Highways Infra Trust to raise Rs 2,350 cr via bonds, bank loans

To fund acquisition of three projects from NHAI, with which it will sign a concession agreement for 20 years

Rajnath approves 'positive list' to promote domestic defence industry

Rajnath Singh has approved a list of 780 components and subsystems which will only be procured from domestic industry after a ban on their import kicks in under staggered time-line of around six years

386 infrastructure projects show cost overruns of Rs 4.7 trillion

As many as 386 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.7 trillion, as per a report

Diesel export falls 11%, petrol 4.5% in July on levy of windfall profit tax

India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed

Govt assures bank support for smooth business through Chabahar port

Despite the port being exempted from Iranian sanctions for the development of Afghanistan and India's investment in the port, banks have been risk-averse

India aiming at 50% non-fossil fuel energy by 2030: PM Modi in Gandhinagar

Prime Minister Narendra Modi on Sunday reassured the world that by 2030, 50 per cent of India's energy production will be met by non-fossil fuel, and by 2070 it plans 'Net Zero'

States peg kharif rice procurement at last year level despite output worry

The state governments have pegged the rice procurement target for the 2022 Kharif marketing season at around 506 lakh tonnes, the same as the last year's level

Financial inclusion major step towards inclusive growth: FM Sitharaman

Financial inclusion is a major step towards inclusive growth which ensures the overall economic development of the marginalised sections of the society, FM Nirmala Sitharaman said

Sectors, states' efforts needed to get 500 GW renewable capacity: Khuba

Concerted efforts from all sectors and states are vital for India to achieve the target of 500 gigawatt renewable energy capacity by 2030, Bhagwanth Khuba said

Punjab taps agricultural residues to speed up lean energy transition

Punjab's agriculture holds a huge potential for energy generation from agro-residues, an alternative model of diversification, besides clean energy transition by tapping solar power

Govt bans export of wheat flour, maida, semolina to curb rising prices

After banning wheat exports in May, the government on Saturday prohibited exports of wheat flour, maida, semolina and wholemeal aata with a view to curb rising prices

Centre submits NDC climate target to UNFCC, eyes net-zero by 2070

No Sectoral Targets, 500 GW renewable energy target also dropped

Medicine purchases by inpatients exempt from GST: Tamil Nadu AAR

An outpatient will be charged GST for medicines and consumables bought that were prescribed in the course of providing health care services

Govt weighs curbs on exports of 100% broken rice after paddy area shrinks

The potential export curbs could lift rice prices globally because India accounts for more than 40% of the world's rice shipments.