Page 955 - Economy & Policy News

India's retail inflation dips below 7% in July; IIP growth in double digits

RBI, in its latest monetary policy committee meeting had raised the rates by 50bps to 5.4 per cent, higher than the pre-pandemic level.

Dairy farmers to get Rs 4 per litre milk more till March 2023: Kerala min

Dairy farmers would be paid an additional Rs 4 per litre of milk till March next year as part of a Rs 28 crore project for them, Kerala Minister J Chinchurani said

India holds world's highest rate of recognising start-ups per day

Currently, there are 75,000 start-ups in the country, which coincides with the 75th year of independence

Health and education have never been called freebies: FM Sitharaman

Delhi Chief Minister has given a perverse twist to the debate on freebies, says FM

Govt to divert gas from industries after CNG, piped gas prices jump 70%

The increased allocation will meet 94 per cent of the demand for CNG to automobiles and piped cooking gas to household kitchens in the country

India at 75: A journey from growing more food to smartly growing it

Unless policies are pursued to address all the problems facing Indian agriculture holistically, the sector would find it difficult to meet the challenges of a new India

Centre garners Rs 3,000 crore from windfall tax on oil and gas firms

It is likely to continue with the levy till the Indian basket of crude is above $80 a barrel

Industry cheers, states clamour over Electricity Bill amendments

While this has irked electricity regulators in a few states, the industry is cheering the paradigm shift since it will push reforms and private investment in the power distribution sector

Inflation trajectory may be benign going forward, says SBI report

The Reserve Bank of India has raised the repo rate by 140 basis points to 5.40 per cent since May to tackle high inflation

Concerns over runaway inflation and CAD seem to have tapered off

India poised to be world's fastest growing economy this year

Govt re-nominates four independent directors on central board of RBI

S Marathe, S Gurumurthy, R Iyer, and S Chaturvedi re-nominated to RBI central board

Grave governance challenges await Bihar's new coalition government

Committed expenditures of the state, which has the lowest per capita income, exceed its own revenue by 47% in FY23

Income taxpayers can't join Atal Pension Yojana from Oct 1: Govt

Social security scheme should reach the poor and underprivileged, says official

India-UK trade likely to double by 2030: Grant Thornton-CII report

The UK is likely to look at reducing tariffs on products such as apples, UK-manufactured medical devices and machinery

No chance of recession, India to be fastest growing economy this yr: Report

Govt continuously taking steps, engaging with RBI to curb inflation, says top govt source

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.

Centre advances devolution as states hunt for funds, transfers Rs 1.16 trn

Money will help carry out their capital expenditure and welfare spending plans

Domestic airlines get a boost as Centre lifts cap on ticket prices

Shares of top airline IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to 2084.6 rupees while smaller rival SpiceJet Ltd jumped as much as 7% to 47.9 rupees

Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra

Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected

Is the worst of inflation behind us?

India's retail inflation has eased to 6.78% in July due to a fall in prices of food and fuel, according to Reuters. But it is still pinching people's pockets. Can we expect relief in the coming days?