Page 1296 - Economy & Policy News

Bank licence door likely to stay shut for large industrial houses

RBI's final report, expected in 10 days, set to overrule working group's suggestions

Railway-focused skill development programme launched under PMKVY

The Rail Kaushal Vikas Yojana aims to train 50,000 candidates over next three years, will start with 1,000 candidates

After govt guarantees, next on NARCL's agenda: Get a licence, build team

Banks identify assets to be moved, but rules need to be framed first: Officials

PAN-Aadhaar linkage deadline extended by six months till March 2022

The government on Friday extended by six months till March 2022 the deadline to link PAN with biometric ID Aadhaar.

Kharif output: Oilseed production under a cloud but pulses look steady

Among kharif oilseeds, soybean and groundnut are the biggest in terms of both production and area under cultivation

5G spectrum auction to allot airwaves may not happen before 2023

The 5G auction would include 3,300 MHz to 3,600 MHz bands along with the milimetre waves

A silver lining in Surat's diamond industry amid production crisis

Lower output has let the industry hold on to bargaining power over polished gems

GST Council extends levy of compensation cess till March 2026

The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, to compensate states for GST collection shortfall

Swiggy, Zomato to pay GST on restaurant service supplied through them: FM

Sitharaman said 5% GST will be levied at the point where the delivery is made by Swiggy-like operators

Telangana attracts Rs 887 crore investment in jute sector to set up mills

Three companies have come forward to set up jute mills in Telangana with a cumulative investment of Rs 887 crore

Petrol, diesel prices may rise as international oil rates surge

A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said

Centre taking steps to achieve nutritional security: Agri Min Tomar

Union Agriculture Minister Narendra Singh Tomar said the government is taking necessary steps to achieve nutrition security along with food security.

India's smart TV mkt clocks 65% growth in Q2 at 2.2mn units: Counterpoint

India's smart TV market in India recorded 65 per cent year-on-year growth in the June 2021 quarter to 2.2 million units as post-pandemic economic improvement, according to Counterpoint Research.

Punjab Cabinet approves rules to promote and develop MSMEs

MSMEs in Punjab will get an impetus with the state cabinet approving rules to provide a legal framework for their operations, with effective mechanisms to mitigate the problem of delayed payments

India requires more tech centres, need to be constructed speedily: Rane

Micro, Small and Medium Enterprises Minister Narayan Rane on Friday said that for a population of 135 crore, the nation needs more technology centres which need to be speedily constructed.

Govt working on setting up backstop facility for corporate bond mkt

In a bid to deepen the corporate bond market, the government is working on setting up a 'backstop facility' as announced in the Budget, a senior government official said on Friday.

Housing demand to rise on SBI's decision to offer loan at 6.7%: Realtors

India's residential property market is expected to witness a strong consumer demand during the festival season with various banks

PFRDA pension subscriber base rises 24% to 4.53 crore till August

The Pension Fund Regulatory and Development Authority (PFRDA) on Friday said subscriber base under its flagship pension schemes rose by 24 per cent in August this year to over 4.53 crore.

Need trainers to impart skill to 500 mn people: Skill Development Secy

About 50 crore people need to be skilled in the next few years and for that there is a need of lakhs of trainers, Skill Development and Entrepreneurship Secretary Ravi Mital said in Friday.

Need for increase in mineral exploration activities in eastern states: Govt

The Centre has urged Odisha and its neighbouring states to explore untapped mineral resources in order to cater to rising demand and reduce import bills.