Page 1204 - Economy & Policy News

Disinvestment of some PSUs a continuous process, says govt in RS

Replying to supplementaries during the Question Hour, Railways Minister Ashwini Vaishnaw said the process of CONCOR disinvestment started during the Congress regime in 1994-95

Will do due diligence before resuming providing bedrolls: Railway Minister

The railways had last month restored some of its services that it had suspended in the wake of the coronavirus crisis.

PM-AASHA, price deficiency payment scheme: A fact check on its progress

PDPS is part of the broader bouquet of schemes called Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) that was launched in September 2018

Railways to get Rs 20,000 crore in supplementary demand for grants

After Parliament approves the supplementary demand, the railways' budget will go up by Rs 40,575.93 crore

Railway ministry resumes consultation on private train operations

The consultations gained relevance after the Railway Board had to scrap the first bid round due to lacklustre participation

Fitch raises outlook for India auto loans to 'neutral' from 'deteriorating'

Economic recovery supports stable asset performance

Telecom dept to deactivate extra SIM of subscribers beyond 9 connections

The order comes from DoT to check incidence of financial crimes, pesky calls, automated calls and fraudulent activities.

Collective progress to ensure sustainable inclusive recovery: FM Sitharaman

The finance minister stressed on the importance of enhanced infrastructure investments for enabling a quick and stable return to the growth path.

India's economy likely to grow 10.5% in FY22, 9% in FY23: Credit Suisse

For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent

Normal international flights suspended till Jan 31 over Omicron scare

While the flights under the bubble agreements are scheduled in nature there are restrictions on airlines under it

ADB approves Rs 2,645-crore loan to improve urban services in India

The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation

India's software market revenues to cross $8.2 bn by 2021-end: IDC

The software market in India is estimated to surpass USD 8.2 billion by the end of the calendar year 2021, according to research firm IDC.

Govt advised ONGC to get partners in Mumbai High, Bassein fields: Minister

The government is keen that the domestic production of oil and gas should increase exponentially

Coal stocks at power plants improve to 21 MT, enough for 10 days: Power Min

Coal stock at thermal power plants improved to 20.98 million tonne (MT) on December 5, 2021, which is sufficient to run the plants for an average 10 days, Parliament was informed on Thursday.

Minimum global tax rate should be 25%, says World Inequality Report

A higher rate of 25 per cent will reduce the risk of such a counterproductive outcome

Surging prices threaten to scupper India's coming-of-age gas party

Domestic gas prices are much lower than LNG rates as they are controlled by the government

Piyush Goyal urges steel makers to address small industries cost concerns

The minister also said Goyal said that special care of MSMEs needs to be taken for easier and cost effective supply of steel

Govt procures paddy worth Rs 64,000 cr at MSP in 2021-22 mkt year so far

"Till now about 25.94 lakh farmers have been benefitted from the procurement with MSP value of Rs 63,897.73 crore," a statement said

HC asks retail liquor dealers to pay licence fee under New Excise Policy

The Delhi High Court Thursday asked retail liquor dealers to pay licence fees to the AAP government under the new Excise Policy from December 1

Don't foresee any coal shortage till March 2022, says Coal India chief

He said the last quarter saw "high" output, and issues related to the production of Central Coalfields Ltd and Bharat Coking Coal Ltd are also getting resolved