Page 1136 - Economy & Policy News

Deflating outlook: Households must prepare for hefty rise in LPG prices

Urban households will shortly feel the pinch of rising prices

PM Modi to inaugurate TERI's World Sustainable Development Summit

The theme of the event is 'Towards a Resilient Planet: Ensuring a Sustainable and Equitable Future'

Top headlines: RBI official wants crypto ban; Canada seeks more immigrants

Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.

New CSR form to enhance corporate compliance, help govt in keeping a tab

The government had mandated that Corporate India publish a comprehensive report on their specific CSR initiatives.

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

Asset monetisation: NITI seeks GST waiver for 'rights to use' transfers

At present, the transfer of 'Rights to Use' is considered a supply under the GST regime, and attracts 18 per cent tax in the hands of the new entity or special purpose vehicle

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

Examine if RERA rules subserve interest of home buyers: SC to Centre

The Supreme Court directed the Centre to examine whether the rules framed by various states under RERA are in conformity and subserve the interest of home buyers.

Decision on issuance of green bonds next month, says RBI Governor

The Budget had indicated that green bonds are part of the overall borrowing for the next financial year

LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'

LIC is mandated to transfer those investments to shareholders' fund at amortised cost, 90 days after such investments are reclassified as "other investments", which it is yet to be undertaken.

ABG Shipyard fraud: Banks' detection faster than usual, says FM Sitharaman

The alleged Rs 22,842 crore ABG Shipyard fraud is the largest fraud detected in the Indian banking system yet.

Positive indications? 'Neutral' La Nina may bring normal monsoon this year

Weathermen said making any accurate prediction of how El Nino will behave and what impact it can have on the progress and distribution of rains is difficult to say at this point.

A first in 3 decades, retail inflation in US higher than India for 4 months

But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months

Inflation momentum on downward slope, RBI projections robust: Guv Das

RBI Governor Shaktinakta Das on Monday said the central bank's retail inflation outlook for FY23 was quite "robust"

After 7 months, retail inflation breaches RBI upper tolerance limit in Jan

Data released by the statistics department showed consumer price index (CPI) based inflation rate touched 6.01 percent in January driven by food and beverages, clothing and footwear

Recovery tracker: Higher mobility, power generation as Covid cases decline

Traffic congestion is rising again in major cities

PLI for auto to create 7.5 lakh additional jobs in 5 years, says official

PLI Scheme for automobile and auto components sector will lead to creation of 7.5 lakh additional jobs and incremental production worth Rs 2,31,500 crore over next five years, a top official said

India's coal production rises 6% to 79.60 million tonnes in January

India's coal output stood at 75 million tonnes (MT) in January 2020

India's retail inflation accelerates to 6.01% in January, hits 7-month high

Jan inflation has breached the upper limit of the Reserve Bank of India's tolerance band

Momentum of inflation on downward slope, says RBI Governor Shaktikanta Das

The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices