Page 989 - Economy & Policy News

Ex-NITI Aayog CEO Amitabh Kant to replace Piyush Goyal as India G20 Sherpa

Goyal has already been tasked with other pressing duties such as Leader of Rajya Sabha, which was given to him after his appointment as Sherpa

Windfall tax, new export, import duties may fetch exchequer over Rs 1 trn

Likely to boost elbow room for additional govt capital expenditure; experts see net estimated gains of 0.2-0.3% of GDP on fiscal revenues

After wheat, India now curbs the export of wheat flour and related products

The Centre has made it mandatory for all exporters to seek prior permission from the inter-ministerial committee on wheat export before undertaking any outbound shipment

FM Sitharaman asks PSBs to join account aggregator system by July-end

Account aggregator ecosystem helps banks leverage digital data of customers, with their consent, to provide better service

Public funding, govt aid help Gujarat keep lead in DPIIT Startup Rankings

Incubators and startups in Gujarat say the state government forms more than 80 per cent of funding and market support and private capital is lacking

Chhattisgarh govt approves electric vehicle policy to create employment

The state government will allocate 500-1,000 acres for developing an EV park, which will have an incubation centre for start-ups

Power tariff to rise 60-70 paise per unit for blending imported coal: Min

This has to be done to avoid power shortage as domestic coal supply is unable to match the electricity companies' demand for the dry fuel, says R K Singh

Bring industrial projects under GatiShakti: FM Sitharaman to NITI Aayog

"For some reasons...the three corridors coming from the south have not been dealt with in an elaborate fashion," Sitharaman said

Gas prices can't be looked at in isolation: Puri on Rs 50 LPG price hike

A day after cooking gas LPG prices were hiked by Rs 50 per cylinder, Hardeep Puri said gas prices cannot be looked at in isolation and that fuel prices have been held steady despite volatility

RBI Governor asks states to find out effective ways to address debt issues

Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday asked state governments to find out effective ways to address the issues related to debt and cash management.

FM meets heads of PSU banks, asks them to ensure credit flow to KCC holders

Finance Minister Nirmala Sitharaman on Thursday urged public sector banks to ensure smooth flow of credit to Kisan Credit Card (KCC) holders to boost rural incomes.

R&D jobs in India increase by 42% in 3 years; searches up too: Indeed

Job postings in R&D also grew by over 40 per cent between May 2020 and 2021, said Indeed. Among job seekers, searches for roles in R&D increased 21 per cent in the last three years

Online system for product certificates not working well: Pesticide industry

Industry players, however, alleged that the portals-- computerized registration of pesticides (CROP) and plant quarantine information systems (PQIS) are not functioning smoothly

Rajasthan tackles hunger with Indira Rasoi scheme, 63.6 mn meals served

So far, 63.6 million meals have been served under Indira Rasoi scheme, of those include 7.8 million between April 1 and June 30 this year

India's coal-based power generation rises 27% in June: Govt data

The overall power generation in June 2022 has been 17.73% higher than the power generated in June 2021

RBI measures to have positive impact on oversesas fund inflows: DEA Secy

Economic Affairs Secretary Ajay Seth on Thursday said the measures taken by Reserve Bank of India (RBI) will increase inflows of overseas funds and help in strengthening the rupee against the dollar.

Inflation, CAD: RBI's moves to stabilise rupee face many economic hurdles

The steps came after the RBI's foreign exchange reserves fell by more than $40 billion over the past nine months, largely due to its intervention in the currency market to curb rupee losses

Inflation risk has peaked in Asia; rate hikes may moderate: Morgan Stanley

Inflation as measured by the CPI index stood at 7.04 in May 2022, higher than the Reserve Bank of India's (RBI's) comfort zone of 2 - 6 per cent

5 years of GST: Why the indirect tax regime may not see big-bang reforms

From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of local sales and entry levies

Why is there a growing unease between the govt and Big Tech in India?

India is seeing yet another showdown between Twitter and regulators. The microblogging site has challenged the government's directives asking it to take down certain posts. Why is this growing unease?