Page 1326 - Economy & Policy News

Ministerial panel set to take up PSU insurer's privatisation soon

Consultations at the CGD level involved deliberations on the process of privatisation, timing, and the way forward to sell the PSU insurer - United India Insurance - suggested by NITI Aayog

Lockdown effect: Service activities decline for 3rd straight month in July

The rate of contraction fell as the index rose to 45.4 in the month from 41.2 in June

AAI is not part of central govt, liable to pay land tax: Madras High Court

The Airports Authority of India (AAI) is not a part of the Central government and it cannot be absolved from the requirement of paying urban land tax, the Madras High Court has said.

DICGC to authenticate deposit claims of failed bank in 30 days

Once a stressed bank is put on moratorium, DICGC will be liable to pay depositors an insured amount of Rs 5 lakh

Groundnut sowing areas remain stressed, shows CRISIL's DRIP index

At an all-India level, only 27.5% of the groundnut crop area is under irrigation, according to government data

Cabinet passes Bill restoring power of states to make their own OBC lists

The Union Cabinet is learnt to have cleared a Constitution amendment bill which seeks to give power to states and UTs to make their own OBC lists, sources said on Wednesday

PM likely to address officials, heads of missions on exports on Aug 6

PM Modi is likely to address on August 6 heads of missions of different countries, senior government officials from the Centre and states and representatives of export promotion councils

Cabinet okays continuation of 1,023 fast-track special courts for 2 years

The Union Cabinet on Wednesday approved continuation of 1,023 fast track special courts, including 389 exclusive POCSO courts, as a centrally sponsored scheme for another two years

Cabinet approves continuation of Samagra Shiksha Scheme for next 5 years

The Union Cabinet on Wednesday approved continuation of the 'Samagra Shiksha Scheme' for school education for another five years

As countries ease restrictions for India, tourists firm up travel plans

Indian holidaymakers are taking advantage of this even as they deal with challenges such as limited non-stop flights, reduced visa slots and the lack of approval to Covaxin

India's puzzling Covid contrast: How severity differs from Kerala to Delhi

Kerala is adding more than 20,000 new cases every day, but only 1.2% active cases are admitted to ICUs. In contrast, Delhi, with 50 new daily infections, has 24% critical cases

64% MSMEs and startups saw online sales grow over past one year: Survey

28% saw their sales grow by 100-500%, while another 23% saw a 50-100% spike in sales

Ability to smoke out of home to help cigarette sales in FY22: Report

The ability to smoke out of homes after the pandemic wanes will be among the factors that will drive up cigarette sales in FY22, a rating agency said on Wednesday

RBI's MPC begins deliberations, may maintain status quo on interest rate

Headed by the RBI Governor, the six-member MPC also includes three external members.

India deploys warships in South China Sea as part of 'Act East' policy

The Indian military has been traditionally wary of antagonising China but the mood has hardened following clashes between troops on the disputed land border last year

DMIC, the infra umbrella that seems to have outlived its usefulness

When it was conceived in the high noon of SEZ and PCPIR projects, planners felt it will draw in large investments. The implementation risks, notably land acquisition, were thoroughly under-focussed

PHDCCI calls for 3-tier GST, capping highest slab at 18%

Industry chamber PHDCCI on Wednesday called for a 3-tier GST rate structure, with the highest slab at 18 per cent, to help boost consumption and reduce evasion.

Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period

When compared with the second half of 2020, the $40.7 billion investments were a mere 2 per cent increase

MSMEs saw 11% dip in business due to lockdowns in 2021, says report

Interestingly, MSMEs going digital have increased. Use of in-app features per user has risen 72% over last year in a sign that MSMEs have started utilising full functionality of digital solutions

RS passes Limited Liability Partnership Amendment Bill to boost ease of biz

The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending LLP Act, 2008.