Thursday, March 3, 2022

Govt eases apprenticeship rules for India Inc

Some of the big-ticket changes include doing away with stipend payment proof from industry if the payment is made to the candidate though a payment gateway, a senior government official told ET.

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Oil companies to cushion fuel price shock as crude tests $120



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World today wants to emulate India story: Piyush Goyal

Commerce and industry minister Piyush Goyal on Thursday said several countries have evinced interest in India's 'Aatmanirbhar Bharat' initiative and want to emulate its growth story.

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Wednesday, March 2, 2022

Lenders gear up for IL&FS Jammu tunnel debt recast

Under the proposed scheme, the CNTL debt will be transferred to an infrastructure investment trust (InviT) at ₹5,257 crore - as per an RBSA valuation report, as reported.

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Trade deficit widens in February, exports up 22.36%

"A rebound in oil and gold demand amid the waning of the third wave, along with rising global commodity prices fanned by escalating geopolitical tensions, boosted imports and bloated the merchandise trade deficit above $21 billion in February," said ICRA chief economist Aditi Nayar.

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Factory activity grows in February on better demand

The IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose to 54.9 in February from 54 in January. A reading above 50 on the index shows expansion and below that indicates contraction. The February PMI data pointed to an improvement in overall operating conditions for the eighth straight month.

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Exporters want China route revived for shipments to CIS countries

Exports to these nations have stopped as there is no movement of ships through the Black Sea. The proposed route -India to Qingdao by ship and from there on to CIS by railways - has been non-operational for over a year. The suggestion was made at a meeting between the commerce and industry ministry and stakeholders.

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Will lead efforts for trade pact in Indo-Pacific: USTR

In its trade policy agenda for 2022, the US Trade Representative said that the specific content of the trade arrangement will be developed through extensive consultation with trading partners, a broad base of stakeholders, and the Congress.

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Government to pay Rs 12,000 crore extra for rural jobs scheme

The rural employment guarantee scheme will require additional funds beyond the upwardly revised Rs 98,000 crore in the Budget presented on February 1.

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