Page 1317 - Economy & Policy News

Vehicle scrappage policy will promote circular economy, says PM Modi

Modi launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly

Air travel becomes costlier as govt raises caps on domestic airfares

Domestic air travel is set to become costlier as the Civil Aviation Ministry has raised the lower as well as upper caps on fares by 9.83 to 12.82 percent, according to an official order

Vehicle scrappage policy will promote circular economy: PM Modi

Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, saying it will help phase out unfit and polluting vehicles and also promote a circular economy.

Forex reserves for hedging, can't use them to fund projects: Experts

Carry liability and not 'free' resource for funding

Food items drag retail inflation to three-month low of 5.59% in July

Even as the food inflation rate dropped to 3.96 per cent from 5.15 per cent, certain items saw an elevated rate of price rise

Recovery not yet at stage for pulling back liquidity: FM Sitharaman

The finance minister exhorted India Inc to bring in fresh capital to help the government in reviving the economy

Piyush Goyal asks industry to lead the Covid-19 vaccination drive

The minister's comment comes a week after the Centre indicated that with lower utilisation of Covid vaccines by the private sector, its 25 per cent quota may not be necessary.

India can't become world's next factory by copying China: Amitabh Kant

Kant calls on industry to focus on digitisation and green tech

India's industrial production grows 13.6% in June on low base effect

Growth in IIP was led mainly by the manufacturing sector, which grew 13%

Delhi-Mumbai expressway model to replace BOT mode in some projects

It is learnt that the replacement is being done after several considerations, including keeping the financial aspect of the project in mind

NHAI income per FASTag declines 8% as compliance rises, shows data

The number of vehicles, which was rising since the start of the year, dipped to 116.48 million in May when a majority of the states imposed lockdowns to curb the spread of coronavirus

FTAs will be finalised after discussions with industry: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Thursday assured the industry that the government will protect its interests in free trade agreements (FTAs)

Top headlines: Enfield CEO resigns; Tata Steel posts Rs 9,768-cr Q1 profit

Business Standard brings you the top headlines this evening

'Rigorous' work underway to achieve privatisation targets: FM Sitharaman

Sitharaman said on Thursday that the government is undertaking all the "necessary rigorous" work to complete the planned privatisation processes by the end of this financial year.

Govt ready to do everything required to revive economy, push growth: FM

Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support economic growth hit by the Covid-19 pandemic

ICAI to issue 8 new forensic audit and investigation standards

The Digital Accounting and Assurance Board of the ICAI has proposed eight new Forensic Accounting and Investigation Standards, which will be placed for final approval on August 13

Indian economy hasn't reached level of easing of liquidity: FM at CII event

There are indicators which suggest that the economy is buoyant and recovery is taking place post lifting of Covid restrictions by states, says Nirmala Sitharaman

July retail inflation eases to 3-month low of 5.59%; June IIP at 13.6%

Food inflation fell substantially to 3.96 per cent in July from 5.15 per cent in June

Power min to govt offices: Switch over to prepaid smart meters on priority

The power ministry has advised all central ministries and departments to switch to pre-paid smart electricity meters.

Niti Aayog releases handbook for EV charging infra implementation

Niti Aayog on Thursday released a handbook to help state governments and local bodies in framing policies for setting up charging networks for electric vehicles.