Page 970 - Economy & Policy News

India's non-oil exports to Nepal fell 13% to $943 mn in April-May

Himalayan neighbour bans imports of non-essentials amid depleting forex; dip could impact India's FY23 trade deficit which is already worsening on fears of recession in developed countries

PSUs' buy from small business rose 11% to Rs 41,699 crore in FY21

About 239 of 389 PSUs owned about 1.61 million acres land collectively, the survey showed

Bulk of India Inc's overseas debt is hedged: RBI governor Shaktikanta Das

No particular level of rupee in mind but have zero tolerance for volatile movements: Das

Sugar output may fall; still there'll be 8 mt surplus for exports: ISMA

ISMA estimates that the diversion of cane juice and B-molasses to ethanol shall cut sugar production by about 4.5 mt during the next marketing year.

No plan to extend deadline for filing income tax returns: Revenue Secretary

The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said

India's sugar output in 2022-23 may dip slightly to 35.5 mn tonnes: ISMA

As per ISMA, sugar production in 2022-23 is estimated at 355 lakh tons as against 360 lakh tons in current marketing year ending September due to diversion of sugarcane towards ethanol manufacturing

Delhi AIIMS raises room rent for private ward after 5% GST rate hike

The All India Institute of Medical Sciences, New Delhi, on Thursday announced a raise in the charges of its private ward rooms.

Statsguru: Six charts explain state of stressed finances in India

The RBI study turned the spotlight on 10 states that were reeling from financial stress and on their growing inability to service their debt

Centre considering extension of PMAY-Urban Mission up to March 2024

The extension of government's flagship urban housing scheme, Prime Minister Awas Yojana (PMAY) Urban up to March 2024 is under consideration by the Ministry of Housing

India to import 76 MT coal to meet demand; power tariff to go up: Report

India is planning to import nearly 76 million tonnes (MT) of coal this fiscal year to reach the fossil fuel shortfall in power plants

Is the FMCG sector coming out of the woods?

The FMCG sector went through a difficult phase in the last two years. But, after the recent drop in commodity prices, are things looking up for the sector now? Our next report takes a deep dive

ADB slashes India growth forecast to 7.2% for FY23, sees higher inflation

Private investment will soften due to higher cost of borrowing for firms, says development bank's outlook

Work on the Rajasthan petrochemicals complex going on in full swing

The project cost is estimated at more than Rs 43,000 crore and the equity share of HPCL is 74 per cent and that of the Rajasthan government 26 per cent

Govt may allow more sugar exports to prevent defaults on contracts

Any additional exports this year may pressure global prices.

Govt launches 3 schemes to strengthen MSMEs in pharmaceutical sector

The government on Thursday launched three schemes to strengthen Micro, Small and Medium Enterprises (MSMEs) in the pharmaceutical sector.

Pink bollworm threatens cotton crop again even as options to fight it taper

Pink bollworm can inflict locule damage to the extent of 55% and can reduces seed cotton yield by up to 90%. It impacts the lint quality primarily

Karnataka, Manipur, Cahandigarh top NITI ranking for innovation, growth

Chhattisgarh is last among major states in index based on seven broad parameters and 66 indicators

Centre reins in its debt at 56% for FY22 against 60% pegged in Budget

Committed to fiscal deficit targets for FY23: Economic Affairs Secretary Ajay Seth

India-UK ink agreement for mutual recognition of educational degrees

Professional degrees not covered, India to negotiate for inclusion

Sebi proposes regulatory framework for online bond platforms

Capital markets regulator Sebi on Thursday proposed a regulatory framework for the online bond platforms that are selling listed debt securities.