Page 235 - Economy

India eyes higher ethanol blending target, boosts focus on green hydrogen

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

MGNREGS, PMAY-G account for 75% of rural development dept's budget: Report

In the union Budget for 2025-26, the Ministry of Rural Development was allocated Rs 1,90,406 crore

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

India needs tax buoyancy in range of 1.2-1.5 to achieve 6.5-7% growth: EY

The report also said that the government may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio

EU pushes for tariff cuts on whiskey, wine, cars in India trade talks

The EU seeks lower tariffs as India's biggest FTA nears finalisation after nine rounds of talks, with the next set for March 10-14, boosting access for textiles, leather, and marine exports

Women spent 71 minutes a day on 'work-related activities' in 2024: Mospi

10 minutes more than in 2019: Mospi survey

EU seeks stronger commitment from India on reducing 'high' import tariffs

The discussion on the FTA will signal the 'broader political commitment' from both leaders and set the stage for the 10 round of negotiation in Brussels during 10-14 March, after a six months hiatus

Fresh formal hirings decline by 3% in December, shows EPFO data

The EPFO data is considered crucial as it reflects the state of the formal labour market. Only the formal workforce enjoys social security benefits and is protected by labour laws

India has lower exposure to US tariffs than peers in Apac region: Moody's

To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products

Biz summit day 1: Assam receives Rs 2.5 trillion investment proposals

Out of the total announcements, Rs 1.89 lakh crore of investments were cemented in the form of 114 agreements signed between various companies and the Assam government

Rupee records steepest single-day fall in 3 weeks against US dollar

The rupee depreciated by around 50 paisa, or 0.58 per cent, to settle at 87.21 against the dollar, compared to the previous close of 86.71 per dollar

75% men, 25% women participate in employment related activities in 2024

The findings of the 2024 survey revealed that 75 per cent of the males and 25 per cent of the females in the 15-59-year age group participated in employment and related activities

MP to play major role in achieving goal of developed India, says Shah

Shah also said the state has emerged as an attractive investment destination because of its strategic location, skilled workforce

Steep hike in cess to pay for higher pension costs darkens outlook for CIL

JP Morgan recently cut the per-share target price of the state-owned firm by almost Rs 35, largely on account of a 250 per cent increase in cess on each tonne of coal output

India imports Russian oil worth 49 bn euro in 3rd year of Ukraine invasion

Some of the refineries in India turned Russian crude oil into fuels like petrol and diesel that were exported to Europe and other G7 countries

Datanomics: Urban areas record higher consumption expenditure disparity

Monthly consumption expenditure by Scheduled Tribe (ST) households is 17.2 per cent less in rural areas and 13.5 per cent less in urban areas compared to the national average in FY24 (July-June)

India-UK trade talks begin: FTA, BIT, social-security pact on the table

India had requested the UK to consider a social-security agreement two years ago, but talks were launched only on Monday

Smart foodgrain management helps Centre keep subsidy bill under control

The government has been offloading some foodgrains in the open market at lower rates instead of giving it away for free through the PDS, besides implementing operational efficiencies

Govt seeks merchant bankers for stake sale in PSBs, financial institutions

The merchant bankers can apply for empanelment with DIPAM under two categories, depending upon the capacity of the bidders in handling the capital market transactions

Naming Das as PM's principal secy shows govt's economic focus, say experts

Das' economic experience will help India at a time when the government and central bank are working in tandem to aid the economy's recovery while trying to manage geopolitical challenges