Page 1331 - Economy & Policy News

April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates

Net tax receipts in the first three months to end-June rose to Rs 4.12 trn, from Rs 1.35 trn during the same period in the previous fiscal year

Delhi assembly passes GST Amendment Bill amid opposition from BJP

The bill is about 15 new amendments to the Delhi GST Act.

Bill to amend general insurance law introduced in Lok Sabha

Several opposition members had opposed the introduction of the bill, saying it will bring in foreign investors and entail total privatisation of PSU general insurance companies.

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

iPhone, iPad users must update operating software: India's cyber agency

Attackers could take control of an affected device, says CERT-In in advisory

Major lenders should introduce job-oriented banking courses: Amit Mitra

West Bengal Finance Minister Amit Mitra on Thursday said major lenders in the country should consider rolling out job-oriented courses

Finance ministry sticks to double-digit economic growth forecast

Sanyal says ministry's assessment of inflation remains on a par with RBI's

Deposit insurance: Urban cooperative banks major beneficiaries, shows data

By March 2020, 357 urban cooperative banks (UCBs) had failed in the country, leading to payment of Rs 4,903 crore in claims

More rain, but more pain: CRISIL's DRIP scores indicate stress in 4 states

The latest DRIP scores - as of July 21, 2021 - not only remain high but rose further for Rajasthan, Gujarat, Madhya Pradesh and Odisha

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Non-life insurance: Q1 Covid-related claims higher than in entire FY21

Reimbursement claims, possibility of a third Covid wave keep non-life insurers on tenterhooks

Airport privatisation gets a fillip as Lok Sabha passes AERA bill

Move to club smaller loss-making AAI-run airports with larger ones being done as it was felt privatising larger airports would leave AAI with only small loss-making airports

Factoring Regulation Bill to open more credit facilities for MSMEs: FM

The amendments approved by Rajya Sabha Thursday will give an impetus to the economy by providing an efficient working capital cycle for MSMEs, Sitharaman said.

Maharashtra RERA blacklists 644 residential projects in state, bars sale

About 43% blacklisted projects are in Mumbai Metropolitan Region alone, followed by 29% in Pune; the remaining are in smaller towns Nagpur, Nashik and Kolhapur, among others

Govt permits 100% FDI in oil & gas PSUs approved for disinvestment

"The above decision will take effect from the date of FEMA notification," an official statement said

Rs 238 cr spent so far for construction of new Parliament building: Govt

The government has so far spent Rs 238 crore and Rs 63 crore for the construction of a new Parliament building and the redevelopment of Central Vista Avenue, respectively

Covid impact: More women have exited formal employment in India than men

Of the more than half a million women who exited the formal workforce and did not join back, two-thirds were under 35 years of age. By comparison, only a third of men under 35 exited formal employment

Govt permits 100% FDI in oil PSUs approved for strategic disinvestment

The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment

Unchecked dominance in digital markets a concern, says CCI chairman

Digital markets are epicentres of technological innovation but lately they have become zones of "entrenched and unchecked dominance", Competition Commission of India Chairman Ashok Kumar Gupta said

Merchandise exports to grow 6.9% year-on-year in 2021-22: India Ratings

Some of the major export destinations for India's top-10 commodities, such as the US and parts of Europe, are expected to see strong import growth in 2021