Page 1334 - Economy & Policy News

Sebi probed 94 new cases for flouting securities law in FY21

As many as 94 fresh cases pertaining to flouting of securities norms were taken up for investigation by Sebi in 2020-21, a decline of 42 per cent from preceding financial year, as per latest report.

India's power consumption up 9.3% to 28.08 bn units in 1st week of August

India's power consumption grew 9.3 per cent in the first week of August to 28.08 billion units due to improved economic activities after easing of lockdown curbs by states, according to power ministry

Depict real picture of job loss: Parliamentary panel to Labour Ministry

A Parliamentary panel has asked the Ministry of Labour and Employment to use and reconcile the data and studies conducted by credible agencies for depicting real picture of job loss in the country

Motilal Oswal expects India's real GDP growth to be 20% YoY in Q1

India's real GDP is expected to grow by 20 per cent on a year-on-year (YoY) basis in the first quarter of FY22, Motilal Oswal Financial Services (MOFS) said in a report.

I-T dept issues 3 email IDs for grievances under faceless assessment scheme

The Income Tax (I-T) department on Saturday notified three official email IDs for taxpayers to register grievances under the faceless or e-assessment scheme.

Goyal calls for increasing handloom exports to Rs 10,000 cr in three years

Textiles Minister Piyush Goyal on Saturday called for increasing handloom exports to Rs 10,000 crore and doubling the production to Rs 1.25 lakh crore in the next three years

India will hopefully get US-standard highways in three years: Gadkari

National highways are being constructed at a very fast pace and the entire country can hope of getting highways of an American standard in the next three years, Gadkari said

India offers Cairn Energy $1-bn refund after scrapping retro tax: Report

The lower house of parliament on Friday approved a draft law introduced the previous day, cancelling a 2012 policy that enabled New Delhi to tax some foreign investments retrospectively

Govt buries retrospective tax, introduces Bill to amend Income Tax Act

Bill to scrap the law tabled; proposed refund at around Rs 8,100 crore

Will handhold startups, artisans for entry into field of exports: FIEO

Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field of exports

Railways sets eyes on hydrogen powered trains, invites bids for new tech

Successful trails can mean conversion of all diesel trains to Hydrogen

Kharif acreage improves further but heavy downpour a cause for concern

Relentless monsoon has damaged standing crops as in many places; heavy impact on pulses in Rajasthan, Maharashtra and parts of UP

Mizoram stares at fuel shortage amid border row, orders rationing

All filling stations will be opened from 6 am to 6 pm from Monday to Saturday.

China's July exports, imports rise, but growth slows amid Covid curbs

Exports rose 18.9% over a year earlier to $282.7 billion, decelerating from June's 32.2%

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

Tourism has highest job creating potential across sectors: G Kishan Reddy

Reddy also said that the tourism industry has a unique impact on a country as it not only acts as a massive growth engine but also enhances the soft power of a nation.

Downbeat Indian consumers withhold spending amid pandemic, says RBI survey

The latest survey came as the RBI's Monetary Policy Committee kept interest rates unchanged at a record-low

CII calls PM Modi's target of $400 billion in export 'attainable'

Chandrajit Banerjee, the Director-General of CII said, "The PM has set an aspirational, but very much attainable target of USD 400 billion in exports for the year"

Petrol, diesel prices unchanged for three weeks: Check details here

Despite the price of crude oil tempering, petrol and diesel are sold at record high levels across the country

RBI's inflation projections jump, growth numbers dip as recovery wobbles

While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery