Page 1297 - Economy & Policy News

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.

SCO Summit: EAM holds informal talks with Russian counterpart, Iran prez

External Affairs Minister S Jaishankar held a "useful discussion" with his Russian counterpart Sergey Lavrov and Iranian President Ebrahim Raisi

Railways to train 50,000 youths under the Rail Kaushal Vikas Yojana

The Railways will train 50,000 youths in the age group of 18 to 35 years over the next three years as part of the Rail Kaushal Vikas Yojana

Telecom relief package likely to cost Rs 14,000 crore to govt in FY22

The government budgeted Rs 1.33 trillion as non-tax revenues from the telecom sector in 2020-21, but only Rs 34,000 crore could be realised

Govt backs NARCL with Rs 30,600-crore guarantee for five years

Stressed assets of about Rs 2 trillion to be acquired in phases

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