Page 513 - Economy & Policy News
Odisha to spend Rs 2,000 cr to create disaster-resilient infrastructure
the government was giving priority to resilient infrastructure and state-wide risk mapping would be undertaken for various disasters, Chief Minister Naveen Patnaik said
 "Odisha to spend Rs 2,000 cr to create disaster-resilient infrastructure")
J&K receives investment proposal worth Rs 86,000 crore: LG Manoj Sinha
Sinha, who inaugurated 12 controlled atmosphere stores here, said the government was working to ensure that these investment proposals are translated into tangible projects
 "J&K receives investment proposal worth Rs 86,000 crore: LG Manoj Sinha")
Vision plan to become $30 trn economy by 2047 in works: NITI Aayog CEO
The vision document will outline the institutional and structural changes/ reforms that will be needed for the country to become a developed nation by 2047
 "Vision plan to become $30 trn economy by 2047 in works: NITI Aayog CEO")
India pitches for clear definition of e-commerce trade in goods in WTO
At present, there is a difference of understanding about the subject between developed and developing member countries of the World Trade Organization
 "India pitches for clear definition of e-commerce trade in goods in WTO")
Restaurants make Rs 1,100 cr as Kolkata splurges on food during Durga puja
The fine dining restaurants of the city made Rs 1,100 crore in six days culminating on Dashami', the last day of the festival, which is more than 20 per cent of earnings in the same period last year
 "Restaurants make Rs 1,100 cr as Kolkata splurges on food during Durga puja")
Govt asks states not to impose tax/duty on power generation from any source
Clarifying on the constitutional position, the ministry said the powers to levy taxes/duties are specifically stated in the VII Schedule
 "Govt asks states not to impose tax/duty on power generation from any source")
Govt imposes minimum export price of $800 per tonne on onion till Dec 31
An official statement said that the step will help in maintaining sufficient availability of onion to domestic consumers at affordable prices as the quantity of stored Rabi 2023 onion is declining
 "Govt imposes minimum export price of $800 per tonne on onion till Dec 31")
Kharif crop output, including rice, may drop due to uneven monsoon
Initial production estimate shows rice production could be over 3 per cent less this kharif as compared to last year
 "Kharif crop output, including rice, may drop due to uneven monsoon")
Goyal urges G7 members to collaborate to facilitate cross border trade
In the meeting, Goyal urged the governments to collaborate on a regulatory framework to ease the movement of supply chains and facilitate cross border trade, an official statement said
 "Goyal urges G7 members to collaborate to facilitate cross border trade")
Power Ministry asks utilities to import 6% of their coal until March
In a letter dated Wednesday and seen by Reuters on Saturday, the ministry asked the companies to blend the imported coal with domestic coal to maintain stocks amid higher consumption
 "Power Ministry asks utilities to import 6% of their coal until March")
Goyal condemns terrorism, stresses unity with G7 as Israel crisis soars
Goyal's remarks reflect a close and growing interplay between trade and geopolitical tensions around the world, amid concerns that the conflict in the Middle East could spread
 "Goyal condemns terrorism, stresses unity with G7 as Israel crisis soars")
India Mobile Congress 2023: India will lead the world in 6G, says PM Modi
After the fastest roll-out of the 5G technology in India, the government is now working on becoming a leader in 6G, the PM said
 "India Mobile Congress 2023: India will lead the world in 6G, says PM Modi")
Li Keqiang, China's diminished former premier, dies of heart attack at 68
Li Keqiang's term as premier coincided with the first 10 years of Xi Jinping's reign as China's president and top party leader
 "Li Keqiang, China's diminished former premier, dies of heart attack at 68")
Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck
Wilful defaulter dues up by Rs 1.2 trillion since the Covid-19 pandemic began. Some states have seen a larger rise than others
 "Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck")
India's mango exports witness a 19% jump at $47.98 bn during 2023 season
In the 2023 season, India exported mangoes to 41 countries by exploring new destinations such as Iran, Mauritius, Czech Republic, and Nigeria
 "India's mango exports witness a 19% jump at $47.98 bn during 2023 season")
Summer sown rice output expected at more than 100 MT in 2023-24: Report
The ministry said it expects output of summer-sown pulses for the period at 7.1 million tonnes, lower than the previous year due to climatic conditions
 "Summer sown rice output expected at more than 100 MT in 2023-24: Report")
Cheap Venezuela crude oil to complement discounted Russian grades
India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020
 "Cheap Venezuela crude oil to complement discounted Russian grades")
India will be the world's third largest economy by 2030, says VP Dhankhar
Dhankhar said international organisations such as the International Monetary Fund have called India a"shining destination" in terms of investment and opportunities
 "India will be the world's third largest economy by 2030, says VP Dhankhar")
Hindustan Aeronautics partners Safran of France for making engine parts
The products that HAL and Safran will jointly produce in Bengaluru will power the Airbus A320 Neo family and the Boeing 737 Max single-aisle airliners
 "Hindustan Aeronautics partners Safran of France for making engine parts")
Oil prices rise 1% after paring earlier gains on mixed Middle East reports
Israeli forces carried out their biggest Gaza ground attack in their 20-day war with Hamas overnight
 "Oil prices rise 1% after paring earlier gains on mixed Middle East reports")