Page 14 - Economy News

Retail leasing may rise 17-28% this year to 5-6 mn sq ft in top 8 cities

Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent to 55-60 lakh square feet

India needs dynamic approach to define rural-urban areas: EAC-PM member

India needs a more dynamic approach to define rural-urban areas by using technological indicators like night-time light intensity, the Economic Advisory Council to the PM (EAC-PM) has said

Storage of renewable energy essential to net zero transition: Aus experts

Australia's Commonwealth Scientific and Industrial Research Organization (CSIRO) on Wednesday called for significant investment in renewable energy storage to keep up with rising electricity demand

How to reset password on Income Tax e-filing portal? Step by step guide

The income tax department gives you different options to reset your Income Tax e-filing portal password. Check out the step by step guide below

India's merchandise imports to cross $700 bn in FY23 on higher crude: GTRI

India's merchandise imports are estimated to grow by about 16 per cent to $710 billion in this fiscal due to a jump in inbound shipments of crude oil, coal, a report by economic think tank GTRI said

Apple contribution to 'Make in India' smartphone reaches 25% in value terms

'Make in India' shipments from Apple grew 65 per cent (on-year) by volume and 162 per cent by value, taking the brand's value share to 25 per cent in 2022, up from 12 per cent in 2021

State govt mkt borrowings up 8% YoY to Rs 7.6 trn with last auction of FY23

14 states, one UT raise Rs 41,200 cr, amount is 67% higher than that indicated for State Government Securities (SGS) for this week in the Q4FY23 auction calendar

Insurance companies get more autonomy to decide on commission amount

Govt gives nod to Irdai rules on payment of commissions for intermediaries

At 8.15% for FY23, EPFO returns are second lowest in over 45 years

EPFO's return in 1977-78 was 8%. It has since been 8.25% or more; the peak was 12%, a rate that remained unchanged between 1989-90 and 1999-2000

Japan commits Rs 7,084 crore for three infrastructure projects in India

Notes in this regard were exchanged between Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs and Japan Ambassador to India Suzuki Hiroshi, an official statement said

Guns vs Butter-I: House panel welcomes larger funds allocation

The first of a five-part series analyses the military's capex demand versus allocation. The recent report of the parliamentary standing committee on defence provides the backdrop

NTPC Renewable Energy to supply 1,300 MW clean power to Greenko

State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada

Rs 158 cr direct tax collected in current fiscal via TDS on crypto assets

Direct tax collected by way of tax deducted at source on payments made upon transfer of virtual digital assets aggregated to Rs 157.9 crore upto March 20, 2023, the Parliament was told on Tuesday

Approximately 11,000 MT of wheat procured in current Rabi season: FCI chief

Procurement of wheat for Rabi marketing season 2023-24 has been to the tune of 10,727 metric tonnes till March 27 as compared to nil procurement last year.

Karnataka clears 55 industrial projects worth Rs 3,451.24 cr investment

Karnataka Industries and Commerce Department on Tuesday said it has cleared a total of 55 investment proposals worth Rs 3,451.24 crore, promising 33,049 employment opportunities

G20 Sherpas meet to take stock of work under India's Presidency

Kumarakom in Kerala to host 3-day meet from tomorrow

Labour Minister launches e-passbook facility for EPFO subscribers

Union Labour and Employment Minister Bhupender Yadav on Tuesday launched an e-passbook facility for the EPFO subscribers

29% uptick in Madhya Pradesh farmers registering to sell wheat at MSP

Among other major wheat producers, procurement in Punjab is targeted at 13.2 mt, Haryana at 17.5 mt, and UP at 3.5 mt

G20: Working group meet calls for paperless international trade

An official statement said digitalisation of international trade could be an effective solution towards achieving cost reduction in trade and trade finance

EPFO marginally raises interest rate on PF deposits to 8.15% for FY23

Not enough to meet rising inflation, say some quarters; EPFO likely to distribute Rs 90,000 cr to members' accounts, on a total principal amount of Rs 11 trn