Page 203 of ECONOMY

Finance ministry has no plan to cut FY23 capex, asks departments to spend

The Centre has budgeted a capex of Rs 7.50 trillion for FY23, up 27% from the actual spending of Rs…

June 2, 2022 01:50 IST

At least 10 wineries will showcase products at the London Wine Fair. (Reuters)

‘Trade deal covers only 2% of wine imports from Australia’

India has committed to reduce tariffs on Australian wine progressively from 150% to 50% over 10 years for bottles valued…

June 2, 2022 01:21 IST

ATF price cut by 1.3 per cent, commercial LPG rate reduced by Rs 135

The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — has been reduced by Rs…

June 1, 2022 15:16 IST

Have urged multi-national companies to set up R&D centres in India: DPIIT Secretary

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said he asked for this during…

June 1, 2022 13:06 IST

India growth slows to 4.1% in Q4

Notably, the government did curb its revenue expenditure in 2021-22, in an effort to promptly address the huge fiscal slippage…

June 1, 2022 05:30 IST

Higher food grains output ensures adequate availability in the market and curbs the possibility of spike in prices of commodities. Monsoon rains help boost production of kharif crops such as paddy, coarse cereals, pulses and oilseeds.

Monsoon cheer: Expect more rains, says IMD

Higher foodgrains output ensures adequate availability in the market and curbs the possibility of a spike in prices of commodities.

June 1, 2022 05:20 IST

Press the capex pedal

Economy is above pre-pandemic level, but that’s only a small consolation.

June 1, 2022 04:15 IST

Three states agree to centralised coal imports through CIL

The ministry had also advised the generators to assess their requirement of imported coal for the whole FY 2022-23 and…

June 1, 2022 04:00 IST

Retail tomato prices have risen from September-end due to unseasonal rains in Punjab, Uttar Pradesh, Haryana and Himachal Pradesh which led to crop damage and delay in arrival from these states, it said.

Tomato prices witness sharp spike

In April 2022, inflation for potato and tomato rose by 17.56% and 33.46%, respectively; onion price inflation was at (-)…

June 1, 2022 01:15 IST

The gross domestic product (GDP) had expanded by 2.5 per cent in the corresponding January-March period of 2020-21, according to data released by the National Statistical Office (NSO).

Bigger Nominal GDP Size Compresses Deficit: Higher revenues moderate FY22 fiscal deficit to 6.71%

Analysts see deficit around 6.4% target for FY23, thanks to likely upsides in revenues and nominal GDP

June 1, 2022 00:50 IST

Centre clears entire GST compensation due till May by tapping own funds

Under the GST compensation mechanism, which is constitutionally-guaranteed, state governments are assured 14% annual revenue growth for the first five…

June 1, 2022 00:45 IST

Core sector output rises to six-month high of 8.4% in April

The core sector had witnessed an exceptionally high growth rate of 62.6% in April 2021 mainly due to the low…

June 1, 2022 00:37 IST

Eurozone inflation hits record 8.1% amid rising energy costs

Food prices also rose 7.5%, while prices for goods were up 4.2% and the cost for services rose 3.5%.

May 31, 2022 15:41 IST

DGFT to refer cases to CBI if wheat exporters submit back-dated LCs

While prohibiting wheat export on May 13 to control spiralling prices, the government had made it clear that supplies that are…

May 31, 2022 09:07 IST

Resilient Telangana to sustain growth momentum with more investor-friendly steps

To sustain the growth momentum, the state government is taking a host of initiatives, the core objective of which is…

May 31, 2022 04:45 IST

Govt may aim to slash logistics costs to 8% of GDP

An earlier draft of the national logistics policy, firmed up in 2019, had aimed to reduce such costs to 10%…

May 31, 2022 03:00 IST

GST council to meet in June, may skip rate rejig

Council to discuss a multi-year plan to reform GST structure, ways to boost compliance.

May 31, 2022 01:30 IST

PM to unveil 25-year economic road map next week

During the meeting, various ministries will showcase their achievements and outline new initiatives to boost economic growth and address issues…

May 31, 2022 01:20 IST

Related News

EB-5 fees, EB-5 filing fees cut, EB-5 visa, USCIS EB-5 rule, DHS EB-5 rule, Form I-526 fee reduction, Form I-829 petition, EB-5 investor program, EB-5 technology fee, EB-5 program changes

US cuts EB-5 fees for foreign investors seeking employment-based green cards

Four big companies have now stopped sponsoring H-1B visas. Here is the full list

From H-1B to green card: Follow the journey of an Indian entrepreneur to $3.7 billion

Indian techie overcomes H-1B challenges, gets green card, quits job, and achieves $3.7 billion success

F-1 visa denied for applicant after single question at US Consulate

Aadhaar rule change 2025: New UIDAI update fees, PAN-Aadhaar link and KYC rules explained

Aadhaar card update new rules from November 2025: You won’t need to upload documents anymore — here’s how to change your details online

Jio pivoting from mobile growth to home broadband play: Analysts

Business4 hr ago

Reliance Jio’s Q2 results showed a shift towards home connectivity, with 8.3 million new users and a total of 506 million subscribers. Fixed broadband and 5G net additions were at 2.4 million and 21 million respectively. FWA and FTTH net adds were 2.1 million and 0.9 million, indicating the success of Jio’s home broadband expansion.

View all shorts