Page 870 - Economy & Policy News
Janaushadhi stores for affordable medicines grew 100-times in 8 yrs: Govt
More than Rs 15,360 crore estimated to have been saved due to central government service
 "Janaushadhi stores for affordable medicines grew 100-times in 8 yrs: Govt")
Rural development ministry seeks additional Rs 25,000 cr fund for MGNREGS
The rural development ministry has sought additional funds of about Rs 25,000 crore for the MGNREGS, in a clear indication of a rise in demand for work, sources said
 "Rural development ministry seeks additional Rs 25,000 cr fund for MGNREGS")
Expenditure on India's information commissions has fallen 91% in six years
Since FY17, the budget allocation for information commissions has shrunk by 82.7% from Rs 31.9 crore
 "Expenditure on India's information commissions has fallen 91% in six years")
Revisit denial to disclose report on armed forces' pay: CIC to PMO
The Central Information Commission has directed the Prime Minister's Office to "revisit" its refusal to disclose under the RTI a 14-year-old report on the pay and pension of armed forces personnel
 "Revisit denial to disclose report on armed forces' pay: CIC to PMO")
ATF price hiked 4.2%, commercial LPG rates cut by Rs 115.5 in Delhi
This reverses a 4.5 per cent cut in jet fuel prices affected last month
 "ATF price hiked 4.2%, commercial LPG rates cut by Rs 115.5 in Delhi")
India allows rice exports backed by already issued letters of credit
The surprise move trapped nearly 1 million tonnes of rice at ports or which had been in transit before the government made the announcement
 "India allows rice exports backed by already issued letters of credit")
Trade data from China, India shows gaping hole of $12 billion: Report
India-China trade: Under-invoicing of shipments by Indian importers is believed to be the main reason behind the gap in figures
 "Trade data from China, India shows gaping hole of $12 billion: Report")
HFCL gets nod to avail incentive up to Rs 653 cr under PLI scheme in 5G era
Telecom equipment manufacturer HFCL Limited said it has received an approval to avail incentive up to Rs 652.79 crore as part of government's PLI scheme, as the country kicks off the 5G era.
 "HFCL gets nod to avail incentive up to Rs 653 cr under PLI scheme in 5G era")
Rajasthan's scheme turns women into entrepreneurs, provides Rs 1 cr loan
The scheme was started in 2019, and till now, 1,141 women entrepreneurs, SHGs and clusters have been sanctioned loans of more than Rs 57.60 crore in urban and rural areas
 "Rajasthan's scheme turns women into entrepreneurs, provides Rs 1 cr loan")
India continues with Russian oil buys, cuts shipments from Saudi
Saudi Arabia's decline in India's oil market has coincided with Russia's rise, and ironically occurred amid growing diplomatic ties between Riyadh and New Delhi
 "India continues with Russian oil buys, cuts shipments from Saudi")
India has conditions in place for an economic boom: Morgan Stanley
'We estimate that manufacturing's share of GDP will rise to 21 per cent by 2031, implying an incremental $1 trillion manufacturing opportunity'
 "India has conditions in place for an economic boom: Morgan Stanley")
India's Manufacturing PMI rises to 55.3 in October, hiring at 33-mth high
Unlike some other economies, India has shown better resiliency to persistently-high inflation and a sinking currency against the US dollar since the start of this year
 "India's Manufacturing PMI rises to 55.3 in October, hiring at 33-mth high")
Registration of electric passenger, motor vehicles doubles this year
Driving growth is Tata Motors, with 25,795 registrations, against 10,200 last year
 "Registration of electric passenger, motor vehicles doubles this year")
Has India's outlook towards GM changed or is it just a flash in the pan?
Quick decision-making has pumped up the scientific community, particularly for those who work in the field of agriculture sciences
 "Has India's outlook towards GM changed or is it just a flash in the pan?")
Why FATF removing Pakistan from 'grey list' has miffed India so much
FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members
 "Why FATF removing Pakistan from 'grey list' has miffed India so much")
Growth of core sector output recovers to 3-month high in September
The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier
 "Growth of core sector output recovers to 3-month high in September")
Centre's fiscal deficit in H1 touches 37.3% of full-year target
The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23
 "Centre's fiscal deficit in H1 touches 37.3% of full-year target")
Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23
Duty cuts on edible oil, petro products to blame; may not hit overall collection
 "Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23")
India's inflation numbers may be lower than official data suggests: Report
India's inflation numbers might be better than official data suggests once the massive impact of a government food program is factored in, according to a report released Monday
 "India's inflation numbers may be lower than official data suggests: Report")
RBI's central board discusses prevailing economic situation, challenges
The 598th meeting of the central board was held under the chairmanship of Governor Shaktikanta Das, the RBI said in a statement
 "RBI's central board discusses prevailing economic situation, challenges")