Page 1282 - Economy & Policy News

Diesel at record high, petrol nears all-time high as rates hiked again

Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively

Free Trade Agreement is the next frontier in India-US ties: USIBC president

Nisha Desai Biswal, president of US-India Business Council and a former US diplomat, was speaking at a dinner hosted by Indiaspora

Unemployment, Covid-19 top most worries for urban Indians: Survey

According to the Ipsos 'What Worries the World' global monthly survey, unemployment (42 per cent) and coronavirus (42 per cent) have emerged as the biggest worries of Urban Indians

Cabinet okays revamped mid-day meal scheme with expanded coverage

According to an official statement, coverage will now extend to the students studying in pre-primary or Bal Vatikas of government and government-aided primary schools

Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal

Out of the total amount, Rs 500 crore will be infused in current fiscal, another Rs 500 crore will be infused in FY23 and remaining amount will be infused as and when required

Field officers are recovering GST without notice: Industry experts

In the recent instruction, the GST investigation wing asked the field formation to issue showcause notices well before the last date, so that the probe can be completed

Covid-induced lockdowns hit private sector's overseas borrowing

Total external debt of the country rose by 2.1 per cent to $570 billion as of March-end 2021, against $558.4 billion a year ago

Rs 100-trillion Gati Shakti master plan launch likely next month

Several rounds of inter-ministerial consultations have already taken place and the Cabinet note is ready, two government officials aware of the matter said

Govt expands ECLGS coverage ahead of festive season, economic upturn

The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30

Sharp rise in natural gas prices, power outages worsen inflation worries

Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday

Expect more than 7% growth for India this decade: CEA Subramanian

Chief Economic Adviser K V Subramanian on Wednesday said India will clock over 7 per cent annual growth during this decade on the back of strong economic fundamentals

Sebi pushes for reforms to quell information asymmetry for small investors

Measures like e-KYC brought in investors even in Covid times

A contrasting tale of two states under two former chief ministers

While Punjab's economy struggled to revive under Captain Amrinder, Rupani delivered better than national average on many counts; Social indicators are a mixed bag in both states

Punjab to waive pending power bills of those having connection of upto 2 kW

The Punjab government on Wednesday announced to waive power bills of those having electricity connection of up to 2 kW, a move that will put a burden of Rs 1,200 crore on the state exchequer

Expanding scope of ECLGS to help MSMEs, address funds shortage: Industry

The government's decision to expand the scope of the Rs 4.5 trillion ECLGS to support MSMEs would help deal with funds shortage and promote exports, industry bodies said on Wednesday

Opec says India will be hooked on oil for years to come

Opec meets almost 71% of India's crude oil requirements

Govt widens scope of ECLGS, extends scheme deadline till March

The government has been receiving demands from various industry bodies and other stakeholders to extend the scheme to ensure continued support to eligible sectors/businesses

'GST on payments of BOT-HAM projects to have little impact on cash flows'

GST levy on annuity payments of BOT-HAM projects will have limited impact on project cash flows, domestic rating agency Icra on Wednesday.

BS Number Wise: Home truths about Indian real estate in the pandemic

Top tenants of commercial real estate-mostly IT companies-actually added to their office stock and demand for residential space is reviving.

Swedish contingent meets K'taka CM, Indian cos CEOs to boost investment

Bommai said both Sweden and India are time-tested allies and the bilateral ties need to be further strengthened