Finance

India aiming at USD 500 billion exports for FY23: DGFT official

In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during a webinar organised by the Bengal Chamber of Commerce and Industry.

India has set up a target of USD 500 billion exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to “reimagine” world trade. In December 2021, exports stood at USD 37.8 billion, the highest-ever for any month, Additional DGFT Amiya Chandra said during a webinar organised by the Bengal Chamber of Commerce and Industry.

“We are bang

Vagaries of climate drive close to 13 lakh Maha farmers to crop insurance coverage scheme

Considerably, grapes and mango have suffered in the previous couple of days due to huge rains and hailstorms.

Round 12.54 lakh farmers in Maharashtra have registered for crop insurance coverage beneath the Pradhan Mantri Fasal Bima Yojana (PMFBY) for the Rabi season of 2021-22. In response to senior officers of the State Agriculture Division, at the least 44,000 extra farmers have opted for crop insurance coverage this season, primarily because of the vagaries of climate within the state.Round 12.01 lakh farmers had registered for crop insurance coverage beneath PMFBY within the 2020-21 Rabi season, Vinayak Awate, chief statistician, Maharashtra Agriculture

Davos dialogue: PM calls on international companies to speculate, says extra reforms on the anvil

Delivering a particular tackle on the World Financial Discussion board’s Davos Agenda by means of video convention, Modi additionally known as for a world technique on cryptocurrency, saying anybody nation’s endeavour will not be sufficient to take care of technological and different points rising from it.

Prime Minister Narendra Modi on Monday pitched India as a sexy funding vacation spot, calling on international companies to reap the benefits of a raft of reforms undertaken by his authorities in vital areas starting from company taxation to discount within the company compliance burden.

He additionally pledged to do extra to make sure

FCI’s meals subsidy bills prone to decline subsequent fiscal, if PMGKAY shouldn’t be prolonged

Within the present fiscal, the finance ministry has already allotted Rs 1.46 lakh crore to FCI by December 31, 2021 and remainder of bills within the present fiscal can be supplied for making certain that FCI’s stability sheet stays free from excellent fee.

By Sandip Das

Meals subsidy bills incurred by the Meals Company of India (FCI) is prone to decline by round 42{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} to Rs 1.3 lakh crore in 2022-23 from round Rs 2.28 lakh crore anticipated within the present fiscal, if the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) shouldn’t be prolonged past March 31, 2022.

Below the

Unbiased India at One hundredth 12 months shall be world’s technological, financial powerhouse: Jitendra Singh

The minister identified that the federal government has tried to make sure digital infrastructure as a core utility to each citizen by offering distinctive digital identification, entry to frequent service centres and has offered 1000’s of providers on demand by seamless integration of providers throughout departments and ministries.

Union Minister Jitendra Singh on Saturday stated impartial India would be the world’s technological and financial powerhouse when it turns 100 years in 2047. Chairing the primary ever assembly of sectoral specialists to deliberate on Imaginative and prescient India @2047 from the governance perspective, organised by the Division of Administrative Reforms and

Rabi sowing marginally up 12 months on 12 months

There was decrease protection underneath coarse-cum-nutri cereals as the whole sown space has been decrease at 48 lh as far as towards 49 lh reported within the earlier 12 months.

The sowing of rabi crops, largely consisting of wheat, pulses, oilseeds and coarse cereals, for the present season (2021-22) has largely been accomplished with the whole sown space reported to be marginally greater than the earlier 12 months.

The entire space underneath all of the rabi crops rose to 664 lakh hectare (lh) in 2021-22 season in comparison with 656 lh reported within the corresponding interval of 2020-21 season, in

India Inc welcomes PM’s emphasis on sustaining financial momentum whereas tackling Omicron menace

PM Modi on Thursday requested CMs to make sure minimal harm to the livelihood of frequent individuals and financial actions as they work to comprise covid.

Prime Minister Narendra Modi’s robust emphasis on sustaining the momentum of the financial system with all due measures to deal with the pandemic is most related to minimise harm to livelihoods, India Inc mentioned on Thursday.

The Prime Minister on Thursday requested chief ministers to make sure minimal harm to the livelihood of frequent individuals and financial actions as they work to comprise the coronavirus, whereas noting that its Omicron variant is infecting individuals

Credit score progress seen throughout sectors: SBI analysis report

Sectors similar to healthcare, business actual property, prescribed drugs, infrastructure, NBFCs and building would be the prime beneficiaries of such non-PSU credit score. Co-lending with NBFCs stays some of the most well-liked choices for lending because it additionally helps NBFCs churn their capital and provide on-lending at reasonably priced value, SBI mentioned.

The December quarter witnessed a visual growth within the credit score progress throughout sectors, State Financial institution of India (SBI)’s financial analysis division mentioned in its newest report. The incremental credit-deposit (CD) ratio starting Q3FY22 is at present at 133, in opposition to the incremental CD ratio of

With US Fed tightening imminent, RBI should normalise coverage and hike charges, or danger capital flight abroad

RBI is anticipated to observe international cues and improve rates of interest, although it’s not clear when it’s going to achieve this. Some consultants count on RBI to take international cues and act quickly, others say it’s going to wait and watch.

With the US Federal Reserve taking an aggressive stance in the direction of its financial coverage and eyeing rate of interest hikes this yr, the Reserve Financial institution of India too will quickly have to take a look at normalising home coverage, or else India may even see international capital flowing out. RBI is anticipated to observe international

SEPT QUARTER| Survey exhibits marginal rise in jobs in non-farm sectors

IT/BPO, well being care sectors fared effectively, whereas manufacturing, monetary providers, commerce & development shed jobs.

Whole employment generated by 9 choose sectors stood at 3.1 crore within the July-September 2021 quarter, simply 2 lakh greater than that of the April-June interval, in keeping with a quarterly employment survey (QES) by the labour ministry launched on Monday.

The second QES – the pioneering one was accomplished earlier for the April-June 2021 interval — additionally revealed that employment in these sectors in the course of the July-September interval rose on quarter solely in 4 sectors — well being care, IT/BPO, training