Page 1174 - Economy & Policy News

Soon, recharge mobiles, pay bills at 'RailWire' kiosks in 200 stations

Passengers in 200 railway stations across India will soon be able to recharge their mobiles, pay electricity bills, even file taxes with help from Common Service Centre kiosks to be set up by RailTel.

'Demand in hotel industry to be curtailed in Q4 this fiscal due to Covid'

The demand in the hotel industry will be curtailed in the fourth quarter this fiscal, as the fresh Covid-19 wave with the Omicron variant dampening sentiments, rating agency Icra said on Thursday.

India's high import tariffs negating PLI, impacting competition: ICEA

As India doubles down on local manufacturing, the country's import tariffs in the electronics sector are still way higher than China, Vietnam and other economies

MSME credit guarantee scheme saved 1.35 mn firms, 15 mn jobs: Report

ECLGS launched by the government in 2020 to provide relief to MSMEs impacted by Covid-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs, claimed a report.

RBI rate hikes, policy normalisation inevitable as inflation surges: Nomura

Central bank has worked to keep borrowing costs at a record low to ensure a durable economic recovery in the face of risks from the omicron coronavirus variant.

Global natural gas shortage worsens as India, Indonesia join the hunt

Indian Oil Corp. and Gujarat State Petroleum Corp. have recently bought spot cargoes of liquefied natural gas after being absent from the market for months, according to traders

What is the difference between privatisation and disinvestment?

Loss-making national carrier Air India was privatised last year. And the government is going ahead with LIC disinvestment this year. Find out the difference between these two terms

MF disclaimers should flow at same speed as rest of ad: Piyush Goyal

The commerce minister, who also holds the consumer affairs portfolio, added that he is willing to change the regulations if needed

RBI releases eligibility criteria for 'specified users' of CICs

The criteria sets out the requirements for the entities to become eligible as Specified User of CIC under the Credit Information Companies (Amendment) Regulations, 2021

Vehicle registration falls 16% across categories in December: FADA

Poor demands plagues two-wheelers, chip shortage derails PV sales; dealer body cautious of road ahead as various state govts once again announce Covid curbs

After brisk December, hotels face biz loss as Omicron drives cancellations

Large-scale weddings and corporate events in Jan called off or postponed; banquet-driven hotel chains most impacted with some seeing cancellations running into lakhs in a single day

New recast norms: Sugar mills get 2-year stay for loans taken from SDF

The Centre has issued guidelines for restructuring of loans taken by mills from the Sugar Development Fund (SDF), providing a moratorium for two years and then repayment in five years to eligible defaulting factories.

States pays through the nose for debt as cost soars past 7.16% this fiscal

The cost of debt-funds for the states has touched the highest level so far this fiscal with the weighted average cut-off crossing the 7.16 percentage points at the latest auctions, up 11 bps

Services PMI moderates to three month low in December amid Omicron fears

Data released by the analytics firm IHS Markit showed that the Purchasing Managers' Index (PMI) for services fell to 55.5 in December from 58.1 in November.

Govt cuts capital expenditure by 41% in Oct, Nov despite FM nudge

May impact growth in Q3 but capex by select states likely to come to some aid

RBI may not tinker with key rates in FY22 due to Omicron spread

May nudge market rates by managing liquidity

India's renewable power generation growth races ahead of thermal

But Omicron scare could derail electricity demand recovery

Domestic asset managers are betting on domestic cyclicals in 2022

Market participants say there will be volatility in the equity markets, and one should continue to invest in a disciplined manner

The denominator effect of a higher-than-expected nominal GDP

Healthy revenues, failing disinvestment, and rise in nominal GDP may take fiscal deficit from the Budgeted 6.8% of GDP to anywhere between 6.9% and 7.3%

BS Number Wise: Why public data needs to be accessible, free and reliable

Trustworthy data, then, should be a resolution for 2022