Page 1284 - Economy & Policy News

India's fintech adoption rate at 87% as compared to 64% globally: FM

"I think India is the prime destination for digital activities, digital payments," FM Sitharaman said

PM Narendra Modi launches health ID, digital record for citizens

Experts flag privacy concerns in absence of data protection law

Households in southern states more indebted than rest of India: Report

Among the major states, the lowest proportion of indebted households in rural areas were in Uttarakhand, and in urban areas in Chhattisgarh

Why Switzerland is as desperate as Adityanath for Noida Airport to take off

For Zurich Airport AG, the contract is important because the future of Switzerland's most crucial airport (Zurich) hangs in the balance

Solar open access installation rises nearly 7-fold in April-June: Report

Cumulative solar installations in the open-access market have now surpassed 4.5 GW as of June 2021: Report

Govt dissolves OFB, transfers employees and assets to 7 PSUs

The OFB is currently a defence ministry entity and supplies critical arms and ammunition to the three armed forces and the paramilitary

Petrol, diesel prices hiked; more to come as crude nears $80/barrel

Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years.

India bonds likely to gain as govt refrains from adding to borrowing plan

The administration will adhere to its plan to borrow 12.05 trillion rupees ($163 billion) in the year through March, the finance ministry said in a statement Monday

Exports at $185 bn till Sept 21, FTP extended till next March: Piyush Goyal

Minister says DGFT will also discuss issue of high prices charged by shipping firms with the concerned govt dept

Oil Ministry mulls reinstating subsidised LPG prices, survey in progress

Centre assessing appropriate price at which subsidy should resume

New govt SPV likely to get powers to acquire and develop PSU land

The entity will be able to rent, lease and develop assets to monetise them for a fee, an official said

Centre won't hit market to make up for GST compensation shortfall

To borrow Rs 5.03 trillion in Oct-March 2022

Ministerial panels to review GST exempt list, identify evasion sources

The Finance Ministry has set up two committees of state finance ministers who would review current tax slabs and GST exempt items, identify potential evasion sources and suggest changes in IT systems.

Icra revises up India's fiscal 2022 GDP growth forecast to 9%

Icra said it expects the second half of the fiscal year to have brighter prospects.

Recovery tracker: Improvement in power, freight volumes and revenue

Traffic still down by nearly a fifth from 2019 levels

Home affordability improves in major Indian cities in 2021, finds report

Property consultant JLL India says mortgage rates continue to trend at their lowest in 15 years, thereby leading to reduced EMIs for homebuyers, thereby having a significant bearing on affordability

Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry

According to the Budget for 2021-22, the government's gross borrowing was estimated at Rs 12.05 trillion, while net borrowing was pegged at Rs 9.37 trillion in the financial year beginning April 1

Govt's current foreign trade policy likely to continue till March 31

For this fiscal year, the main target is to accelerate exports and reach the $400-bn aim

Places with better healthcare infrastructure will attract more tourists: PM

Tourists will feel safer at places where more people have been vaccinated against the viral disease, Modi said

Govt to extend existing foreign trade policy till March next: Goyal

The government had earlier extended the FTP 2015-20 until September 30 this year due to the Covid-19 crisis