Page 1267 - Economy & Policy News

Affordable housing loan defaults surge to 7.2%, says rating agency Icra

The ultimate losses to lenders could be limited, given the secured nature of loans

Cabinet nod for seven new textile parks with Rs 4,445 crore outlay

The parks will be set up at greenfield or brownfield sites. States with contiguous and encumbrance-free land parcels of over 1,000 acres, along with other textiles ecosystems can apply

Only a third of economic offences end in convictions: govt crime data

Majority of trials end in acquittals, 10% end with a discharge for those falsely accused and for whom there isn't sufficient evidence of the crime

Centre to revise coal stock norms to avert future crisis

The power sector's current daily demand is 1.7 mt, of which 1.3 mt is met by CIL

New excise policy: Delhi govt seeks applications for serving liquor

Moving ahead with the implementation of its new excise policy, the Delhi government has invited applications from hotels, clubs, motels, bars and restaurants for serving liquor on their premises

India in last stage of finalising details on global minimum tax: FM

Finance Minister Nirmala Sitharaman on Wednesday said India is "very close" to arriving at the specifics of the two-pillar taxation proposition at the G20 and is in last stage of finalising details

Cabinet approves Rs 4,445-cr PM MITRA Yojana to set up 7 mega textile parks

The PM MITRA will be developed by a special purpose vehicle owned by state governments and the central government in PPP mode

Coal ministry says in process of finalising mine closure framework

The ministry is in consultation with the World Bank for obtaining support and assistance in this programme

Domestic air passenger traffic grows 2-3% to about 6.9 mn in Sept: Icra

Compared y-o-y, air passenger traffic growth stood at around 74 per cent in the month under review over September 2020

DPIIT notifies 100% FDI in telecom sector via automatic route

The government on Tuesday notified its decision to permit 100 per cent FDI under automatic route in the telecom services sector.

Oil price, Moody's improved outlook, low interest rates: Tough call for RBI

While the share of oil in India's import basket is as much as 22.5% currently, a falling rupee could fuel inflation and take the steam out of low interest rates

India's wheat exports could quadruple to 8-year high as global prices rally

2021 exports seen at 4.2-4.4 mn tonnes vs 1.1 mn tonnes a yr ago * Asian buyers prefer Indian wheat due to lower freight

TDSAT cases in the Supreme Court: No telling which way the tide will turn

Experts feel that a favourable ruling by the SC for telecom firms in the matter of one-time spectrum usage charge with prospective effect would help them reduce their liabilities

Delhi: Petrol price hiked by 30 paise per litre, reaches Rs 102.94

Petrol prices in the national capital, increased by 30 paise per litre, reached a new high of Rs 102.94 per litre on Wednesday.

Petroleum firms hike price of domestic LPG cylinders by Rs 15

Now, the price of a non-subsidized 14.2 kg domestic cylinder in Delhi will be Rs 899.50, while the new rate of 5kg domestic cylinder stands at Rs 502

India's solar energy output growth slows in September amid coal crisis

Growth in solar energy is critical this year as half of India's 135 coal-fired power plants have fuel stocks of less than three days

Coal crisis for thermal power plants now could be good news for India later

The endemic supply shortage for thermal power plants offers the chance to transition to gas

Asia scrambles to stock up fuel as prices spike in global energy crunch

An electricity crisis is roiling energy markets from Europe to Asia, with fuels that can be used for heating or power in high demand.

RBI MPC meets as energy crisis raises concerns about economic recovery

A lack of coal means factories could shut, while forcing India to import more fossil fuels.

'Poor will be affected': India's ethanol plan sparks food security fears

Government argues that a new ethanol goal will help save billions of rupees by cutting crude imports, reduce carbon emissions and boost farmers' incomes.