Page 1324 - Economy & Policy News

Robust demand amid lower iron prices to boost steel margins in H2FY22: Icra

While weak demand growth in domestic market saw larger players resorting to exports to cushion the Covid impact of the past 14-16 months, smaller players languished, the rating agency said

FDI for bank-promoted insurance firm to be vetted by RBI, Irdai: Govt

Foreign direct investment in an insurance company promoted by a private bank will be cleared by the RBI and Irdai to ensure that the 74 per cent limit of overseas investment is not breached, govt said

Without stricter checks, directive to 'utilise' fly ash may prove futile

The latest notification does not address chronic problems of badly managed and risky disposal of fly ash by polluting units, say environmentalists

India-US trade deal off the table, working on market access issues: Goyal

India is working towards 'early harvest' agreements with UK, Australia, says Piyush Goyal

Govt will support establishing semiconductor industry in India: Goyal

The statement comes days after Tata Group announced its intention to enter the semiconductor business

Govt announces incentive for mills exporting sugar, diverting it to ethanol

The Centre on Thursday announced an incentive for sugar mills in the form of an additional domestic sales quota to those that export sugar and divert the commodity towards ethanol making

Gencos to be allowed to sell power in open market if not paid by discoms

Power ministry has made the suggestion in order to reduce the retail tariff for consumers and reduce burden of regular payment on the discoms

Housing market to cross pre-note ban level in 2023, says report

Starting 2021, the market is set to witness a healthy double-digit growth rate over the next three years

N K Singh succeeds Manmohan as president of IEG

Singh has been the chairman of the Fiscal Responsibility and Budget Management review committee and also served as member of the Rajya Sabha (2008 -2014)

Ind-Ra revises GDP growth projection to 9.4% in FY22 and 15.3% in Q1

In June, the rating agency had said that the GDP would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year

Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report

The fundraising would also include Falcon Edge Capital and value the startup at close to $2 billion, said the person, asking not to be named because the details aren't public

Government's IT spending to rise 8.6% to $8.3 bn in 2022: Gartner

Indian government organizations, both local and national, will increase spending on all segments of IT in 2022, except for telecom services, the research firm said.

BS-Seema Nazareth Award: NK Singh calls for Parliament, GST, health reforms

Finance Commission Chairman shares his vision to make the economy deliver over next 30 years

Minus Afghanistan angle, India loses bargaining power with Iran for Chabahar

If New Delhi eschews business with the Taliban, it will have to do business on Iran's terms to develop Chabahar port

Trai suggests to create separate authorisation for access network provider

Trai on Thursday suggested that a separate authorisation be created for access network provider, to offer network services on a wholesale basis

Power ministry issues timelines for installing smart electricity meters

The Ministry of Power on Thursday provided timelines for replacing existing electricity meters with smart meters with pre-payment feature

NHB disburses over Rs 30,000 crore in interest subsidy under PMAY

The National Housing Bank said it has disbursed over Rs 30,000 crore so far in interest subsidy to affordable home loan borrowers under PMAY since the launch of the scheme in June 2016

Punjab hikes state agreed price of sugarcane by Rs 15 per quintal

Punjab Chief Minister Amarinder Singh on Thursday approved a Rs 15 per quintal hike in the State Agreed Price (SAP) of all sugarcane varieties for the 2021-22 crushing season

Centre incorporates MP's Atal Progress-Way in highways sector project

The Union Ministry of Road Transport and Highways on Thursday approved inclusion of the ambitious Atal Progress-Way project of Madhya Pradesh in the Bharatmala Pariyojana (BMP) phase 1

India's trade with Afghanistan stalls but likely to resume soon: Industry

India's trade with Afghanistan has dried up, but industry officials said that the disruption was temporary and that it would be business as usual soon