Page 1158 - Economy & Policy News

IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

IMF forecasts India's GDP growth for FY23 at 7.1%

'Rental income of 23 malls in 9 cities may fall 24% in Q4 due to Covid'

Rental income of 23 shopping malls might decline 24 per cent to around Rs 300 crore during January-March 2021 period as compared with previous quarter due to the COVID pandemic, according to ICRA.

India's households wrestle with inflation as incomes dip

Tea, edible oil, pulses, meat, cooking gas and services have gone up by 20%-40% since the Covid pandemic began in early 2020

No SC relief for NGOs that lost foreign funding licence

SC asks NGOs to make representation to Centre, which would take decision as per law

Power trade volume rises 37% to 27.6 BU at IEX in December quarter

Power trade volume at Indian Energy Exchange (IEX) rose 37 per cent year-on-year to 27.6 billion units (BU) in the December quarter, mainly due to higher electricity consumption.

Job postings in Travel & Tourism sector sees 4% rise in Dec: Report

The travel and tourism industry, one of the hardest hit by the pandemic in the country, is on the path of recovery and registered a 4 per cent year-on-year growth in job postings during December 2021

'Off to Canada to get whatever': India's jobs crisis frustrates its youth

India's unemployment is estimated to have exceeded the global rate in five of the last six years

December crude oil imports at one-year peak amid strong demand prospects

Asia's third-biggest economy imports and exports refined fuels as it holds surplus refining capacity

Govt tweaks spending norms for Contingency Fund of India

The fund is held by the Department of Economic Affairs on behalf of the President of India and it can be operated by executive action

Bombay HC issues notices to Centre, Maharashtra over blocking of ITC

The petitioner, which is engaged in renting and leasing movable and immovable properties, challenged section 17(5)(c) of Central GST Act and the same section in the Maharashtra GST Act

Centre's vision document sees 10x rise in electronics exports by FY26

Will need mobile device players and Apple Inc vendors to meet the target

No dual control on mobile device makers by DoT: Ashwini Vaishnaw

Move to bring the curtains down on the battle between mobile makers and DoT

Positive sentiment score in real estate hit record high in Dec qtr: Report

The sentiment index score for India's real estate sector remained positive and touched an all-time high during October-December quarter

Jharkhand's petrol subsidy scheme linked to monthly self-certification

CM Soren to launch scheme on January 26

Sensitive issues to remain out of India-Aussie early-harvest deal

The proposed deal is likely to include lower tariff and greater market access for Indian exporters in areas such as textiles, pharmaceuticals, footwear and leather

Make 'vocal for local' a national movement: Goyal tells girl innovators

Piyush Goyal told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country.

Biz activity dips to pre-pandemic levels amid third Covid wave: Report

The ongoing third wave of the coronvirus pandemic has dragged business activity almost back to the pre-pandemic levels, a weekly report tracking the changes said

Recovery tracker: Economic activity slows further, power demand stays weak

Domestic air traffic, retail and recreation visits down

Taxation of ULIP proceeds to create level-playing field with MFs: I-T dept

Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said

Reserve Bank of India imposes penalties on 8 cooperative banks

The RBI said penalties have been imposed for deficiencies in regulatory compliances