Page 20 - Economy News

Five firms make the PLI cut to manufacture hydrogen-powered vehicles

Ashok Leyland, Eicher, Pinnacle, Tata, and Booma get the nod

Road developers' debt to rise to Rs 30,000 crore by FY25: Crisil Report

Revenue growth also pegged to be high on strong awarding, says study

India has adequate fertiliser stocks for summer-sown crops: Minister

"There will be no shortages of fertilisers in the kharif season. We have adequate stocks, and our companies have made arrangements in advance," Mansukh Mandaviya said

Indian mobile exports to cross $10 bn in FY23; Apple may account for 50%

Buoyed by attractive government incentives towards local manufacturing, India is all set to reach a remarkable $10 billion (over Rs 82,000 crore) worth smartphone exports

PHDCCI seeks revival of credit linked subsidy for micro, small units

Industry body PHDCCI has approached the government seeking reintroduction of the Credit Linked Capital Subsidy Scheme to facilitate technology upgradation of micro and small enterprises

Ahead of Karnataka polls, Bommai govt keen to score high on investments

Of proposals worth Rs 9.8 trillion in last year's investors' summit, 52 per cent have been realised, so far, claim state officials

PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates

It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base

Indian Army's capital budget should be increased: Parliament panel

Referring to the challenges before the Army, the parliamentary standing committee cited proxy wars, in an apparent reference to Pakistan-backed cross-border terrorism in Jammu and Kashmir

India dampens hopes for more air access in drive to be aviation force

We are going to see an explosion of air traffic in India in the years to come, he said, adding he wanted domestic carriers to look at international expansion with greater focus

Karnataka govt started Rs 2,800 cr irrigation projects in Krishna basin: CM

The record development in the fields of agriculture and industry, he said is because of the incumbent Bharatiya Janata Party (BJP) government

Inflows into NRI deposits more than double in April 2022-January 2023

They were stable in December 2022 compared to $134.6 billion in November 2022

Govt extends deadline to apply for CCI chief's post till March 27

The Ministry of Corporate Affairs (MCA) has extended the deadline for submitting applications for the post of Chairperson of the Competition Commission of India (CCI) till March 27

Windfall tax on crude oil slashed to Rs 3,500/tonne, duty on diesel hiked

Petrol and Aviation Turbine Fuel (ATF) have been exempted from the export levy

Trade fuelled faster rise in India's production-based emissions

India's production-based estimates of CO2 emissions rose 63 per cent, from 1.6 billion tonnes in 2009 to 2.6 billion tonnes in 2019, reveals an analysis of numbers from tracker Our World in Data

Over 1,000 ODOP products identified as across all districts: DPIIT

Last year, the Centre had asked states to onboard a large number of products from various emporiums and artisans on the government's public procurement portal Government e-Marketplace

Maha govt to give LoI for Dharavi project on confirming financial capacity

Maharashtra Deputy CM Devendra Fadnavis said the Adani group which has won the tender for Dharavi redevelopment will get the Letter of Intent only after it establishes its financial capability

Govt evaluating measures to bring down tax burden on PE/VCs in India

It is expected to be introduced in Parliament's monsoon session

Budget session: Naxal violence, renewable energy capacity, and more

The violence by Naxals has come down by 77 per cent in over a decade while casualties of the security forces and civilians dropped by 90 per cent, Lok Sabha was informed

India better placed than most to face turmoil, says RBI report

'Core inflation defies softening of input costs'

Our ultimate goal is social, economic equality, says Nitin Gadkari at C20

Social and economic equality is the ultimate goal of the government and Vasudhaiva Kutumbakam' embodies a powerful message from India's G20 Presidency, said Union minister Nitin Gadkari