Page 1190 - Economy & Policy News

Growth momentum loses steam in Nov amid demand, supply disruption: ICRA

Rating agency ICRA on Friday said the growth momentum lost steam in November 2021 on the back of "some satiation" of pent-up demand as well as supply chain disruptions

Haryana govt spent over Rs 700 crore on ads for achievements since 2015

The Haryana government has spent over Rs 700 crore on advertisement of its achievements, announcements and functions since 2015.

The Telecom Churn: Requests for mobile number portability peak again

Indian mobile consumers have made close to 30 million MNP requests each quarter in the last three, or in other words, close to 90 million requests in the January - September 2021 period

IGST on ocean freight can't be imposed on importers, companies tell SC

They pleaded for quashing of a govt petition filed in the apex court against a Gujarat HC ruling that had declared IGST on ocean freight as violative of the Constitution

India to revamp century-old telecom laws that bar digital dream

The government is exploring ways to allow companies to merge, expand and operate without multiple bureaucratic approvals so as to avoid subsequent court battles

Too early to celebrate economic recovery in India: Arvind Subramanian

Stock markets reflect the Indian economy less. It would be a kind of policy mistake to infer from this (stock boom) anything about the diverse Indian economy, said Subramanian

Road Ministry chalks out Rs 7 trillion infra projects plan over 2-3 years

The investment opportunities are across multiple asset classes such as highways, multimodal logistics parks, wayside amenities, ropeways and warehousing zones

Net direct tax collection jumps 60.8% to Rs 9.5 trillion in FY22 so far

Improvement in mop-up bodes well for achieving govt's fiscal deficit target at 6.8% of FY22 GDP

India, Germany Development Bank sign loan pact for Surat Metro Rail Project

The Government of India and the Germany Development Bank KfW (Kreditanstalt fr Wiederaufbau) on Friday signed a 442.26 million euros loan pact for Surat Metro Rail project.

No doubt about economic viability of road projects: Nitin Gadkari

Union Minister Nitin Gadkari on Friday called upon investors to take up road projects as they offer "very high" internal rate of return, ensuring their economic viability.

Advance tax collection rises 54% to Rs 4.6 trn in FY22 so far: FinMin

Direct tax collections for 2021-22, as on Dec 16, show that net collections are at Rs 9.45 trn compared to Rs 5.88 trn over the year-ago period

UP Assembly passes Rs 8,479 cr supplementary budget for FY22

The Opposition parties raised an objection regarding the supplementary budget, terming it as irrelevant

Motilal Oswal cuts FY23 growth forecast to 6.3% amid growth 'uncertainty'

The estimate is lower than the market consensus of 7.6 per cent, and the RBI's more optimistic 8-8.5 per cent, Motilal Oswal said

Economic viability of infra projects high in India, says Gadkari

He was speaking at a national conference on investment opportunities in highways, transport and logistics

India offers eight oil and gas blocks for bidding in latest round

Eight blocks have been offered in the seventh bid round of Open Acreage Licensing Policy (OALP), with bids due on February 15, 2022, the Directorate General of Hydrocarbons (DGH) said

Govt introduces bill in LS to amend laws governing CAs, company secretaries

FM Sitharaman, who moved the bill, said that on account of changes in the country's economic and corporate environment, it has become necessary to amend the Acts

Road ministry, MapmyIndia collaborate for road safety technologies

MapmyIndia app provides road safety alerts to users about upcoming accident hazards while driving

India-UK FTA negotiations likely to start next month, says Goyal

He was speaking at the 94th Annual Convention of industry body Ficci

India to become fastest-growing economy in FY22: Amit Shah at Ficci event

Shah said out of the 22 parameters of the economy, India has exceeded in 19

India ranking in global scam report goes up to 4th position: Truecaller

The report said over 202 million spam calls were made by just one spammer in India this year. That's over 664,000 calls every day and 27,000 calls every hour of every day.