Page 1249 - Economy & Policy News

Nearly 65% of infrastructure projects delayed by Covid-induced lockdowns

Of these projects, 438 reported cost overruns and 218 had both time and cost overruns, showed a flash report on central sector projects released by MoSPI

New Asian gas projects create $379 bn stranded asset risk: Report

A planned $379 billion expansion of gas infrastructure in Asia risks becoming stranded assets

Related-party deals on the rise, auditors must be alert: RBI governor Das

RBI governor's statement follows two-year ban on Haribhakti & Co from conducting audits

Gadkari bats for green hydrogen; says India needs to reduce oil imports

Batting for green hydrogen as a transport fuel, Union Minister Nitin Gadkari on Monday said there is a need to make India a country that will not be dependent on imports of petrol and diesel.

Mumbai local train services to operate at pre-pandemic level from Oct 28

Central Railway and Western Railway will run suburban services in Mumbai at the 100 per cent capacity of the pre-pandemic level from October 28

India's rural economy shows uneven growth as Covid-19 spread eases

Sales of fertilisers have remained flat in the June-August period of kharif sowing, at 17.3 million tonnes

Canada firm may be roped in to advise land special purpose vehicle

The government has been trying to replicate the Canadian model for National Land Monetisation Corporation

18 states to impose stock limits on edible oils ahead of Diwali festivities

Move aimed at easing prices; decision conveyed at a meeting today; UP has already imposed limits

FM asks civil aviation ministry, DoT to expedite capital expenditure

Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to expedite projects

No power shortage, outages result of states' constraints: Power minister

R K Singh launches India's first Green Day Ahead Market

New whistleblowing law: CAs scramble to figure NOCLAR as deadline nears

The burden will be on individual accountants to report violations from April 2022

Commodity price rise can bump up inflation by 1%, warns Nomura

A 10 per cent increase in crude oil prices, according to Nomura's estimates, may raise India's headline inflation by around 30 basis points (bps), add around 0.3 per cent of GDP to CAD

Life insurers pay out Rs 11,060 crore in Covid-19 death claims

As of October 21, life insurers settled a little over 130,000 Covid-19-related dea­th claims

Indian restaurant industry shrank 53% in pandemic year: NRAI report

The contraction in the food services industry led to the permanent closure of over 25 per cent of food business operators, which resulted in job losses of nearly 2.4 million in India

DoT exempts non-telecom revenue for calculation of levies on telcos

The government on Monday amended the telecom licence norms to reduce the tax burden on telecom operators by exempting all non-telecom revenues for calculation of levies like licence fees

Recovery tracker: Lower power generation, decline in workplace visits

Traffic congestion rose during the latest week

CAG, Maldives counterpart sign MoU to strengthen professional capacity

The MoU, signed at Male on Sunday, is aimed at exchanging information in the field of public sector audit between India and Maldives

Solar power tariffs may rise next fiscal on increased taxes, says report

The government recently increased GST on critical components of a solar project such as photovoltaic cells and modules from 5 per cent to 12 per cent with effect from the beginning of this month.

Rajnath pitches for DefExpo 2022, claims exports up by 334% in 5 years

DefExpo 2022 is planned at Gandhinagar in Gujarat from March 10 to March 13.

Economic Recovery: What do K, V, U, L, W-shapes recoveries really mean?

You may have heard that India's recovery after the coronavirus pandemic is likely to be a K-shaped one instead of a V. Let's understood how these shapes of recovery are different from one another