Page 1320 - Economy & Policy News
Number of billionaires in India stands at 136 in FY21, 5 less from FY20
The number of billionaires in India came down to 136 in 2020-21 from 141 in 2019-20, based on the gross total income declared in the income tax return, FM Nirmala Sitharaman informed Parliament
 "Number of billionaires in India stands at 136 in FY21, 5 less from FY20")
Finance Ministry releases Revenue Deficit Grant of Rs 9,871 cr to 17 states
The Finance Ministry has released its fifth monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to the states on August 9
 "Finance Ministry releases Revenue Deficit Grant of Rs 9,871 cr to 17 states")
Exports up over 50% to $7.41 bn during August 1-7, shows govt data
The country's exports rose by 50.45 per cent to USD 7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products
 "Exports up over 50% to $7.41 bn during August 1-7, shows govt data")
Govt taking steps to check impact of online retailers on small biz: Goyal
Union minister Piyush Goyal flagged concerns about the influence of big online retailers that is adversely impacting small players
 "Govt taking steps to check impact of online retailers on small biz: Goyal")
States oppose Electricity Bill as Centre pushes reforms in power sector
The proposed new Bill is slated to be placed on the floor of the Parliament in the current session
 "States oppose Electricity Bill as Centre pushes reforms in power sector")
Digital payments continue to grow; significant growth in tier II, III towns
Digital transactions have continued to grow at a strong pace in the country with increasing acceptance in tier II and III towns, a report by fintech firm Razorpay said
 "Digital payments continue to grow; significant growth in tier II, III towns")
New Excise Policy to generate revenue, ensure ease of doing biz: Delhi govt
The Delhi government has defended its New Excise Policy 2021 before high court, saying that the new regime would generate optimum revenue and ensure ease of doing business
 "New Excise Policy to generate revenue, ensure ease of doing biz: Delhi govt")
Indian promoters likely to give personal guarantee on foreign assets
RBI proposal a departure from current norms under Fema
 "Indian promoters likely to give personal guarantee on foreign assets")
Recovery tracker: Power generation up to 3-week high, mobility spikes
The power generation recovered sharply week on week basis as a lull in monsoon rains raised temperatures across the country
 "Recovery tracker: Power generation up to 3-week high, mobility spikes")
Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman
Rajya Sabha returns Bill to Lok Sabha amid Opposition protests
 "Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman")
'Chawl' revamp to slash Central Mumbai realty prices by up to 25%
Experts say over the next decade, 12-million sq. ft development will transform the micro markets of Worli and Lower Parel into a mid-market affordable housing settlement
 "'Chawl' revamp to slash Central Mumbai realty prices by up to 25%")
PM announces Rs 11,000 cr plan to make India self-sufficient in edible oil
Targets to raise domestic palm oil production three times to 1.1 mn tonnes by 2025-26
 "PM announces Rs 11,000 cr plan to make India self-sufficient in edible oil")
Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens
Tax dept plans to conduct over 500 survey operations to ensure compliance
 "Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens")
Little-known solar firm gains traction, unseats NTPC in Madhya Pradesh
MP govt cancels PSA signed after record low bids in two solar parks
 "Little-known solar firm gains traction, unseats NTPC in Madhya Pradesh")
Ensure fares on metasearch not higher than ticket prices on websites: DGCA
Aviation regulator DGCA has asked airlines to ensure that the airfares on metasearch engine websites are not higher than the ones displayed on the carriers' websites, a senior official said on Monday.
 "Ensure fares on metasearch not higher than ticket prices on websites: DGCA")
Piyush Goyal asks traders to bring violations in law to notice of govt
Goyal's statement came a few hours after the Supreme Court did not accept the pleas of Amazon and Flipkart against a probe by the competition commission of India
 "Piyush Goyal asks traders to bring violations in law to notice of govt")
Gadkari asks private players to come forward for developing social bonds
Union Minister Nitin Gadkari on Monday asked all private sector entities to come forward for the development of social bonds
 "Gadkari asks private players to come forward for developing social bonds")
Army given allocation of Rs 2.84 trn between 2017-18 and 2021-22: Govt
The Indian Army has been given a budgetary allocation of Rs 2.84 trillion between 2017-18 and 2021-22 as against Rs 2.22 trillion in the previous five-year period
 "Army given allocation of Rs 2.84 trn between 2017-18 and 2021-22: Govt")
Code red for humanity: UN report delivers dire warning on climate change
'CODE RED': IPCC says planet to warm by 1.5 degree Celsius in all growth scenarios over 20 yrs
 "Code red for humanity: UN report delivers dire warning on climate change")
Sidbi launches various MSME cluster development focussed initiatives
Small Industries Development Bank of India (SIDBI) on Monday said it has launched various micro, small and medium enterprises (MSMEs) cluster development focussed initiatives
 "Sidbi launches various MSME cluster development focussed initiatives")