Page 1228 - Economy & Policy News

Housing sales across 8 cities may rise 15-20% in 2021 on demand revival

During the 2020 calendar year, sales had plunged 47 per cent to 1,82,639 units from 347,586 units in 2019, mainly because of strict nationwide lockdowns imposed in March last year

India's diesel demand dips in first half of November, show govt data

India's gasoil consumption, which accounts for about two-fifths of the country's fuel demand, typically rises during a month-long festival season that ended earlier this month

Fall 2021 sees 4% uptick in international student enrollments in the US

Fall 2021 semester admissions mostly took place in August-September when international student influx resumed after the second Covid-19 wave began subsiding in several nations

India received record FDI in last 7 yrs; hope to see trend continue: Goyal

Goyal appealed to MNCs to use India as a manufacturing base as they can capture the whole world from India

Passenger fares across the Indian Railways likely to come down by about 15%

Curbs on cooked food, over-the-counter ticket sales remain

Govt inks $61 mn loan pact with ADB for development projects in Agartala

The project will build and upgrade 48 kilometres of new or existing stormwater drainage and construct 23 km of climate-resilient urban roads

Currency in circulation remains unchanged during Diwali week: SBI Research

The currency in circulation stood at Rs 43,900 cr during the Diwali week in 2021, more or less stagnant compared to the Rs 43,800 cr in the year ago period

Exports grow 11 months on trot, rise 43% to $35.65 billion in October

The widening of deficit was led by a surge in import of goods ahead of the festival season and the hardening of commodity prices

India set to re-emerge as among fastest-growing economies, says RBI

RBI report is bullish on India prospects despite uncertain global conditions amid risk of faster policy normalisation by central banks leading to tighter financial conditions, stifled growth impulses

Oct WPI inflation hits five-month high of 12.54% on higher input costs

As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said

Centre's tax devolution to states doubled to Rs 95K cr in November: FM

Move to help capex, perk up growth, says FM Nirmala Sitharaman

Recovery tracker: Power generation, freight numbers up post-Diwali

Traffic congestion also saw an uptick compared to the previous week

NHAI to continue awarding road projects this fiscal, HAM dominates: Crisil

The Hybrid Annuity Model is expected to account for half of the projects

Airfares rise 30-100% against pre-pandemic levels: Thomas Cook

The domestic air passenger traffic increased around 67 per cent year-on-year in October

Air India sale, Tatas' EV arm keep deal street busy with $9.2 bn fund flows

In October, 61 mergers and acquisitions worth $3.3 billion were announced

Domestic steel demand expected to reach 160-MT mark by FY25: Minister

The domestic steel consumption is expected to touch the 160-million tonne mark by the financial year 2024-25, Union Steel Minister Ram Chandra Prasad Singh said on Monday

India's Oct WPI accelerates to 5-month high of 12.54% from 10.66% in Sep

Fuel and power prices rose 37.18% in October year-on-year compared with 24.81% in September, while manufactured product prices rose 12.04% compared with 11.41% in previous month

Online shopping by Indian gated communities to hit $500 bn by 2026

As online shopping explodes in India with an increase in smartphone the total online consumption by the gated communities in India will increase by 2.5 times new report showed on Monday.

Statsguru: Six charts explain declining diesel consumption in India

With available data, commercial vehicles, most of which run on diesel, are the top users

PLI funding for solar manufacturing to be raised to Rs 24,000 cr: Minister

The government will soon enhance the funding under PLI scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore