Page 1301 - Economy & Policy News

Irdai issues draft rules for promoting and regulating surety insurance biz

A general insurer can start a surety business if it has 1.25x the solvency margin; but if solvency goes below the required level, insurer will stop underwriting new business

FinMin releases Rs 9,871 crore to 17 states as revenue deficit grant

The Finance Ministry on Thursday said it has released the sixth monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.

Govt likely to reintroduce the TMA scheme for farm exporters

A person aware of the matter said that the decision was taken in a meeting on 'export logistics Issues and their resolution'

Indian economy is on the recovery path, says MPC's Mridul Saggar

The Indian economy is on the recovery path, but structural challenges remain, Saggar said at an event

Making green hydrogen viable demands financial, tech support to lower costs

In terms of government support for green hydrogen, a cabinet note proposing to make it mandatory for fertiliser plants and oil refineries is in the works

Agricultural reforms by govt will bring revolution in farmers' lives: Tomar

Union minister Narendra Singh Tomar on Thursday said agricultural reforms by the central government will bring a revolution in the lives of the country's farmers

Onion prices likely to remain at higher trajectory this festive season

The onion prices are expected to remain at a higher trajectory during October-November, as erratic monsoon may lead to an eventual delay in harvest, according to a report by Crisil Research

Govt imposes restrictions on mercury imports

The government on Thursday imposed restrictions on the imports of Mercury, used in different sectors including older thermometers, fluorescent light bulbs and electrical switches

India, Denmark agree on further engaging in renewable energy

Union Power and New & Renewable Energy Minister R K Singh met Danish counterpart Dan Jrgensen where both agreed on further engagement in renewable energy, especially offshore wind and green hydrogen

'India, Germany will work to build stronger energy, climate partnerships'

India and Germany will make concerted efforts to build stronger energy and climate partnerships, Union Environment Minister Bhupender Yadav said on Thursday

Madras High Court upholds levy of tax on electronic music instruments

The Madras High Court has upheld the notifications of the Commercial Taxes department levying and collecting general sales tax on sale of electronically made Indian music instruments

Collect details of edible oil, oilseeds stocks to check hoarding: Centre

Centre on Thursday asked state governments to gather details about stocks of edible oils and oilseeds from traders, millers, refiners and other stockists

Motor Vehicle dept officers to wear uniform as per the rules: Kerala HC

The Kerala High Court has directed that officers of the Motor Vehicles Department of the state have to wear uniforms as mandated by the Kerala Motor Vehicles Rules 1989

BRICS report makes case for developing safe digital architecture

A BRICS report has made a strong case for developing a safe digital architecture with a view to gain the trust of stakeholders and promote financial inclusion among the member nations

RBI has serious and major concerns on cryptocurrencies: Governor Das

RBI Governor Shaktikanta Das on Thursday said the central bank continues to have "serious and major" concerns about the cryptocurrencies like Bitcoin and has conveyed them to the government.

Unemployment rate rises to 10.3% in Oct-Dec 2020, shows NSO survey

Unemployment rate for all ages in urban areas rose to 10.3 per cent in October-December 2020 as compared to 7.9 per cent in the corresponding months a year ago

Haryana govt increases sugarcane rate by Rs 12 per quintal for 2021-22

The Haryana government on Thursday decided to increase the sugarcane price by Rs 12 per quintal to Rs 362 per quintal, higher than neighbouring Punjab's Rs 360, for the 2021-22 crushing season.

RBI to do everything to help economy recover : Exec Director Mridul Saggar

Reserve Bank of India will do everything to make the economy recover in a non-disruptive manner, its executive director Mridul Saggar said on Thursday.

Talking to several states to reduce VAT on aviation turbine fuel: V K Singh

The aviation ministry is talking to different states urging them to reduce VAT on aviation turbine fuel (ATF), Minister of State for Civil Aviation, Road Transport and Highways Gen V K Singh said

India's power consumption up 5.45% at 27.41 bn units in first week of Sept

India's power consumption grew 5.45 per cent in the first week of September to 27.41 billion units, showing consistent recovery after easing of lockdown by states, according to power ministry data