Page 1216 - Economy & Policy News

India's GDP seen growing at 8.3% in Q2, 9.4% full year: Report

Leading rating agency India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.

Maha has most GST dues pending with Centre, Cong says 'stepmom treatment'

The revelations came in response to a RTI query filed by activist Binod Agarwal from the Ministry of Finance, Under Secretary (State Taxes-II) and CPIO Mahendra Nath

Around 19% rural habitations get less than 40 lpcd water: Govt

0.43 lakh (2.5 per cent) rural habitations having 2.36 per cent population are reported to have water quality issues in drinking water sources, the government said on Monday

Around 97,000 jobs created by Rajasthan govt in last 3 years: CM Gehlot

Rajasthan Chief Minister Ashok Gehlot on Monday said his administration has created around 97,000 jobs in the last three years and removed the hurdles faced in government recruitment.

New tourism policy soon, will cater to post-Covid visitors: Govt

The much-delayed national policy on tourism will soon be finalised and it will have specific norms and provisions to suit the post Covid-19 traveller, a senior official in the ministry said Monday

5.7 mn individual household toilets built during 2020-21, 2021-22: Govt

A total of 56,97,228 individual household latrines have been constructed under the Swachh Bharat Mission-Grameen during 2020-21 and 2021-22, the Ministry of Jal Shakti said on Monday

PDP Bill at par with international rules but needs more clarity: Survey

Most respondents say Bill must provide for independent Data Protection Authority like GDPR. Current form allows for excessive govt intervention and it is unlikely DPA will function independently

Steel demand drops by 5% in FY21: Union minister informs Parliament

According to the information shared by the minister to the house, the building and construction sector consumed 41 MT steel in 2020-21 as against 43.4 MT in 2019-20.

Strive to place India among top 2 digital economy globally: Mos IT

The primary objective of the government is to make the country a trillion dollar digital economy and at least one of the top two digital economies in the world, MoS for Electronics and IT said

India's business resumption touches new high despite Omicron: Nomura

Business resumption surged to a new high despite the fears of the newly discovered Omicron variant, and inflationary pressures are building up, a Japanese brokerage said on Monday

Enrolments on e-Shram portal set to hit 100-million mark this week

The number of registered unorganised workers on e-Shram portal is all set to hit the 10-crore mark this week with total enrolments nearing 9.7 crore, as per latest data.

Four CPSEs pay Rs 5,155 crore dividend to govt: DIPAM Secretary

The government has received Rs 5,155 crore as dividend tranches from four CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Monday.

About Rs 52,000 cr GST compensation pending to states till Sept: FinMin

Nearly Rs 52,000 crore of GST compensation was due to the states as of September 2021, Parliament was informed on Monday.

Comm Min recommends continuation of anti-dumping duty on Chinese tiles

The commerce ministry has recommended continuation of anti-dumping duty on Chinese tiles, used for covering floors and walls in buildings, for five more years

Bengaluru leasing market on revival, absorption to touch 10 mn sq ft: JLL

This is close to 2017-2018 absorption levels for the city

MoUs worth over Rs 14,000 cr signed before Vibrant Gujarat Summit

As many as 12 MoUs entailing proposed investment of Rs 14,000 crore in Gujarat were signed as part of the upcoming Vibrant Gujarat Global Summit 2022 at an event here on Monday

Govt health expenditure share in GDP increases from 1.15% to 1.35%

There has been an increase in the share of government health expenditure in the total GDP of the country, according to the National Health Account Estimate report

RBI wants digital currency included under definition of 'bank note': FinMin

RBI is working out a phased implementation strategy for introduction of Central Bank Digital Currency with little or no disruption

High cost, challenges: Why offshore wind energy potential remains untapped

High initial costs, and a lack of government financial support means progress has been slow

Why's govt keen on keeping 26% stake in PSBs it wants to privatise

The govt is set to privatise two state-run banks, but may hold on to a 26 per cent stake. What merits does the government see in this stake and will this complicate its efforts to attract investors?