Page 1297 - Economy & Policy News

Haryana section of Delhi-Mumbai expressway reaches finish line

But construction work on some stretches in Gujarat hits a speed bump

Near-term risks persist for private investments, says RBI study

Those in the pipeline can get a fillip from deferred work, increasing overall thrust to private investment

NITI Aayog for building 500 'healthy cities' to fight Covid-like crisis

NITI Aayog said the Central sector scheme for building 500 healthy cities in the next five years will have to be worked out by the Ministry of Housing and Urban Affairs in consultation with states and

Inflation is moderating faster than foreseen, proves MPC's call right: RBI

The glide path should take inflation down to 5.7% in 2021-22; below 5% in 2022-23, and closer to 4% by 2023-24, said DG Patra

Compensation cess and petroleum to fire up GST Council meeting

The Centre is likely to convey that GST revenues would do better than expected this year and a compensation cess of Rs 1 trillion would be released to states

Domestic air traffic in August jumps 34% sequentially, says DGCA

Industry wise seat occupancy in August stood at 70.2 per cent

PLI scheme for drones to open new verticals for drone utilisation: Experts

PLI scheme for drones will not only boost domestic manufacturing of drone and drone components but also bring in new use cases and applications across various sectors, industry experts said

Delhi-Mumbai, Chambal e-ways to act as growth engines for MP: Gadkari

Delhi-Mumbai and Chambal Expressways will serve as growth engines for Madhya Pradesh once they are completed and accelerate the state's development besides creating jobs, Nitin Gadkari said

Recent uptick in bank credit growth augurs well for economy: RBI study

The uptick in the credit growth in the recent months notwithstanding the second COVID-19 wave augurs well for the economy, said an article published in the RBI's latest bulletin.

Revenue of gold jewellery retailers expected to grow 12-14% in FY22: Report

Gold jewellery retailers are expected to witness 12-14 per cent growth in revenue during 2021-22, driven by stable gold prices and recovery in discretionary spending

EU adopts cooperation strategy in Indo-Pacific, investment with India soon

investment with India soon

6.7 mn domestic air passengers in Aug, 33.83% higher than July: DGCA

Around 67.01 lakh domestic passengers travelled by air in August, 33.83 per cent higher than 50.07 lakh who travelled in July, the country's aviation regulator said on Thursday.

GST council: Kerala to oppose move to bring petrol, diesel under GST regime

Kerala on Thursday said it will vehemently oppose any move to bring petrol and diesel under the GST regime as that will further reduce revenue generation for the state

Prospects brightening for economy as 2nd Covid wave wanes: RBI bulletin

Prospects are brightening for the Indian economy achieving "escape velocity" from the pandemic as the second wave of COVID-19 wanes and preparedness for future remains on war-alert status

Top headlines: FM lays out bad bank framework; Airtel to opt for moratorium

Business Standard brings you the top stories from today

FM Nirmala Sitharaman announces over Rs 30,000 cr guarantee for bad bank

Banks have identified bad loans worth Rs 90,000 crore to be transferred to NARCL in the initial phase, says Finance Secretary Debasish Panda

GST Council: Kerala to oppose move to increase tax on coconut oil

Kerala will oppose the move to increase the tax on coconut oil as it will affect the interests of the people of the state, official sources said here on Thursday.

Drone industry will have turnover of up to Rs 15,000 cr by 2026: Scindia

The government has given a major boost to the sector with the production-linked incentive (PLI) scheme announced on Wednesday: Scindia

9.5% growth projection for whole year seems on track: RBI Dy Governor Patra

Reserve Bank will remain in surplus mode and the liquidity management framework will continue in absorption mode, he added

India's September diesel consumption remain below pre-Covid levels

India's gasoil consumption slowed in the first half of September from the previous month, staying below pre-Covid levels as a pick-up in monsoon rains hit mobility