Page 1274 - Economy & Policy News

Railways introduced 813 new trains in last five years: RTI reply

Railway Board in its RTI reply said no new trains were introduced in 2020-21 due to the Covid-19 pandemic which led to the suspension of all existing services.

RBI monetary policy preview: Reverse repo hike not seen; G-SAP taper likely

Analysts keen to see if more members of the six-strong monetary policy committee call for changing the stance to neutral: like Jayanth Varma did in August.

Appliances, consumer electronics industry to touch Rs 2 trn worth: CEAMA

The industry needs to become more and more backwards integrated with its manufacturing, strengthen its component base and get price competitiveness

Petroleum taxes to take govt's excise collections to high levels in FY22

As per data central excise duty collection has already touched Rs 1,37,236 crore till Aug in FY22 and this growth of almost 37 percent over Rs 1,00,398 crore excise revenue collected by Centre in FY21

Industrial, logistics space leasing clocks 13% rise in Jan-Jun: CBRE report

India Industrial and Logistics Market Monitor for H1, CBRE South Asia said that new supply increased five percent to 11 mn sqft in Jan-June 2021 period compared to second half of 2020

Indian economy's fundamentals strong; pvt investment picking up: Panagariya

The fundamentals of the Indian economy are sound as the real GDP in Q3 and Q4 of FY'21 already crossed the pre-pandemic level, former Niti Aayog vice-chairman Arvind Panagariya said on Sunday.

RBI may again opt for status quo on key policy rate next week, say experts

Amid rising global commodity prices and the need to contain inflation at home, RBI is likely to maintain status quo on interest rates for the eighth time in row, according to experts

Goyal welcomes the world to participate in India's golden growth story

A resurgent India is ready to take on the responsibility of being the frontrunner in this revival process: Goyal

Petrol, diesel prices rise to new record highs as rates hiked again

The price of petrol in Delhi rose to its highest ever level of Rs 102.14 a litre and to Rs 108.19 in Mumbai, according to a price notification of state-owned fuel retailers.

Strangulated Delhi, now you want to come inside: SC to farmers' body

The counsel argued that the courts will examine the validity of the farm laws

Sugar industry focus should be new tech: Food Secretary Sudhanshu Pandey

The Centre has decided to grant mills the entire quantity of sugar diverted in their monthly release quote

Punjab, Haryana farmers resent delay in start of paddy procurement

Centre says delay necessary as moisture content high due to excess Sep rains

Demand for fuel and power grows but at a slower pace in September

Sale of gasoil, which accounts for about two-fifths of India's refined fuel demand, by state retailers rose 0.79 per cent in September, preliminary government data showed

Duty cut lifts India's palm oil imports in Sept to a record 1.4 mn tonnes

Higher purchases by India, the world's biggest buyer of vegetable oils, could support palm oil prices that are trading near a record high hit earlier this week.

Manufacturing activity grows in September on strengthening demand: PMI

The IHS Markit PMI for manufacturing rose to 53.7 in September from 52.3 recorded in August, highlighting a stronger expansion in overall business conditions

Capex plans snap growth trend in Q2, new projects down 59%: CMIE data

Investments are down over June 2021, as well as over September last year

GST collection grows 23% to Rs 1.17 trn in Sep, surpasses pre-Covid levels

The collection continues to exceed Rs 1 trillion mark for the third month showing clear signs of recovery

India's trade deficit surges 675% on high imports; exports up 21%

The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion

IBC is a seminal reform; instrumental in changing feudal mindset: CEA

Terming Insolvency and Bankruptcy Code as a "seminal reform", Chief Economic Adviser KV Subramanian on Friday said it has been instrumental in changing the mindset of promoters of businesses by making them more accountable.

Come to India, be part of our growth story: Modi to investors at Dubai Expo

Today's India is one of the most open countries in the world and it offers maximum growth, Prime Minister Narendra Modi said on Friday, inviting investors to the country