Page 1102 - Economy & Policy News

Investors dump stocks, move to cash as growth outlook weakens: BoFA

Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.

Fuel prices will need to be raised by 15% to reflect int'l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.

Massive demand, supply, price upcycle await Mumbai's real estate: Report

The Mumbai property market that accounts for 10 per cent of national volumes, 23 per cent of sales and a third of the margins, hit a decadal high of new or primary sales in 2021 selling 38,000 units

Ukraine crisis: Farmers registering to sell wheat at MSP in MP down by 17%

Around 1.98 million farmers have applied to sell wheat to govt agencies this year, against around 2.4 million during the same period last year

Govt assures LS on future of Indian students evacuated from Ukraine

The government assured the Lok Sabha it will look into measures that can be taken so Indian students brought back to the country from Ukraine under Operation Ganga can complete their education

Govt to take measures to provide relief to consumers from high fuel prices

India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices

Political parties redeemed Rs 1,212-cr electoral bonds ahead of state polls

Political parties encashed electoral bonds worth Rs 1,212 crore in the run-up to the recent round of elections in five states, taking the total of such bonds redeemed to Rs 9,187 crore since 2018

Rs 54,604-crore ECLGS loans for FY22 guaranteed: Finance ministry

This is down from Rs 1.57 trillion worth of loans guaranteed in 2020-21

Finance ministry seeks nod for FY22 extra net spend of Rs 1.07 trillion

Some of the big items include Rs 14,902 crore for fertiliser subsidy and Rs 30,170 crore for credit-linked subsidy scheme houses for economically weaker sections

Govt indicates readiness to release more oil reserves amid Ukraine crisis

'Govt of India is ready to take all appropriate action, as deemed fit, for mitigating market volatility and calming the rise in crude oil prices,' MoS Rameswar Teli said

India's water storage tops last years' level and 10-yr avg as heat rises

Govt data on 140 reservoirs shows 7.3 per cent higher levels than previous year

21.5 mn people in tourism sector lost their jobs since Covid outbreak: Govt

Around 21.5 million people, involved in the tourism industry, have lost their jobs due to the three waves of Covid-19, Union Tourism Minister G Kishan Reddy said on Monday.

Joblessness rate down to 12.6% in April-June 2021, says NSO survey

The estimates of unemployed persons in CWS give an average picture of unemployment in a short period of seven days during the survey period

India's exports rise 25% YoY in February; trade deficit at $20.8 billion

Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago

Retail inflation hits 8-month high in February, inches up to 6.07%

WPI inflation rises to 13.11%

Recovery tracker: Workplace visits continue to rise as Covid-19 cases drop

Power generation trends higher, airlines see more passengers

BrahMos can't be mistaken for nuclear-tipped missile

Since the cruise missile had been launched from near Sirsa, it would have almost certainly been identified by Pakistan's air defence network as a BrahMos air launched cruise missile

Govt widens meaning of real estate business under FDI policy

It added that earning of rent/income on lease of a property, not amounting to transfer, will not amount to real estate business

FPI outflows exceed 2008 global financial crisis as Fed policy move nears

Selling accelerated after Russia attacked Ukraine in February and caused a spike in global commodity prices

GoI tracks the money trail: How PFMS will pull plug on spending slippages

The updated Public Financial Management System will complete one year in operation on March 31, but challenges to full integration remain