Page 5 - Economy & Policy News

NGT orders review of green nod for Great Nicobar Port amid public uproar

Panel to study 'unanswered deficiencies', stays further development for 2 months

Gas price for April at $7.92 but price for consumers capped at $6.5: Govt

The capped rates which are about a quarter less than the current prices, will lead to CNG and piped cooking gas prices being cut by up to 10 per cent

Inter-ministerial panel under GatiShakti recommends four rail projects

These projects will provide multimodal connectivity and seamless movement of goods and passengers, and increase logistics efficiency across the country

Wheat crop loss likely to be 1-2 MT due to untimely rains: Govt

The government's wheat procurement at minimum support price (MSP) is underway and about 7 lakh tonnes have been purchased so far, higher than 2 lakh tonnes in the year-ago period.

CNG, piped gas prices to be cut but no clarity on deregulation: Analysts

CNG and piped cooking gas prices will be cut by 9-11 per cent after the government revised the formula for pricing of natural gas, but there is no clarity on deregulation of the fuel, analysts said

Govt exploring possibilities of investing in lithium mines abroad

With requirement for lithium rising manifolds, the Central government is exploring the possibilities of investing in mines abroad, especially in Argentina and Australia

Powered by PLI, India may add 150,000 new jobs in phone manufacturing

The govt's PLI scheme and the long-term plans of many companies to move their production facilities to India are giving a big push to jobs in the sector

Network Planning Group under PM Gati Shakti approves 4 infra projects

The Network Planning Group (NPG) under the PM Gati Shakti initiative has approved four infrastructure projects related to railways, an official statement said on Friday.

'ESI scheme extended to beneficiaries in 610 districts across country'

Out of the 744 districts of the country, the ESI scheme is extended to 610 districts, which include 492 fully covered and 118 partially covered districts under the scheme

IMF warns five-year global growth outlook is weakest since 1990

For 2023, global gross domestic product will likely expand by less than 3%, she said. That's in line with the fund's January forecast of 2.9%

Clean energy infrastructure may be included in harmonized master list

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies

Govt notifies gaming rules to prohibit online wagering and betting

All companies offering real-money games must have a physical contact address in India published on their website or application (app)

Household inflation expectations moderate, consumer confidence grows: RBI

The survey showed that household spending was buoyant on the back of higher essential and non-essential spending

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

Govt imposes gas price caps, accepts key suggestions of Kirit Parikh panel

Amends pricing regime; accepts key suggestions of Kirit Parikh panel

CBIC waives interest charges on EXIM traders due to payment woes

Besides, since importers are not able to clear their goods at the ports, the CBIC has urged shipping lines to waive detention and demurrage charges till April 10

On-tap application to set up fab plants likely; Meity may consider proposal

The change will give room to more players

Govt caps rates to rein-in CNG, piped cooking gas prices, changes formula

The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and piped cooking gas

Interest from central banks for rupee trade: RBI deputy guv T Rabi Sankar

The stakeholders on either side are getting adjusted to it, said RBI Governor Shaktikanta Das

Households in India expect inflation to moderate, find RBI surveys

Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said