Page 1215 - Economy & Policy News

RBI likely to raise rates, tighten monetary policy: Goldman Sachs

Companies is India have been seeing a pressure on their margins as supply side constraints and global commodity prices increase input costs.

Show bank recapitalisation in Budget as fiscally non-neutral: CAG to govt

In a report tabled in the Parliament, the CAG said the the government made an investment of Rs 80,000 crore in 2017-18 and of Rs 1,06,000 crore in 2018-19 for the recapitalisation of PSBs

Anil Ambani's RCap is an example of why RBI hates big business in banking

Company joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.

Oil marketing companies keep diesel, petrol prices unchanged in metros

Prices of the petrol and diesel have been untouched post the revision of duties by the Centre and state governments in early November

E-Shram should ensure workers' social security, easy registration: Experts

E-Shram, built at an estimated cost of Rs 704 crore, was launched by the Union government on August 26, 2021 to register 380 million unorganised sector workers

Is legalising MSP a panacea for India's agri-troubles?

The Parliament has passed the Farm Laws Repeal Bill 2021. But farmer unions are demanding a legal guarantee for minimum support price of crops. Is legalising MSP a magic bullet to address farmer woes?

India's spending helps fuel growth but risks from Omicron variant loom

The South Asian nation remains on track to post the fastest growth among major economies as most sectors, including services and exports, show momentum

Indian economy likely picked up in Sept quarter before Omicron spread: Poll

Reuters survey of 44 economists projected GDP data will show 8.4% year-on-year growth: the fastest among major economies.

Vibrant Gujarat Summit: State sees 12 more MoUs worth Rs 14,000 crore

With proposed employment generation of over 28,000 in the state, the MoUs were led by Mitsu Private Ltd for Rs 5,000 crore

Most households paying 50% more for tomatoes, shows survey

The average retail price paid by most households increased by 25 per cent in two months and 50 per cent in a year

Centre to relax lock-in period for sale of NINL assets to one year

The condition for the sale would be subject to the sale proceeds being utilised for the company within three years

Recovery tracker: Rise in mobility, transit station visits at record high

Power generation, traffic numbers hold steady

Fitch affirms ICICI Bank's issuer default rating at 'BB+'; outlook negative

The rating agency assigned ICICI Bank a Government Support Rating (GSR) of 'bb+' as well

Recovery in regular treatments to boost SME hospitals in FY22: CRISIL

Small and medium enterprises (SMEs), which account for 60-65 per cent of the health care delivery market, stand to benefit

Genomic sampling in India still adrift, sample collection less than 5%

The highest ratio achieved by India was between October 25 and November 1, when INSACOG collected samples of 3.6 per cent of total cases

CAG pulls up govt for erroneous process of IGST devolution to states

The Integrated Goods and Services Tax (IGST) is shared between the Centre and states in the 50:50 ratio

Health expenditure's share in GDP down, out-of-pocket expense also declines

Experts said govt's target of raising the healthcare allocation to 2.5% of the GDP, would enable a further decline in out-of-pocket spending

CAG flags lack of transparency in food subsidy for FY17 and FY18

The CAG report said the government undertook funding of revenue and capital expenditure using extra budgetary resources in both the years

Investments worth Rs 91,000 cr expected for airports development: Govt

The government has accorded in-principle approval for setting up 21 greenfield airports

Net direct tax revenue rises 68% to Rs 6.92 trillion till Nov 23

The net collection between April 1 - November 23 in 2020-21 and 2019-20 fiscals was over Rs 4.12 trillion and over Rs 5.44 trillion respectively