Page 1334 - Economy & Policy News

Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt

Tourism economy fell by nearly 43 per cent and an estimated 14.5 million jobs were lost in the first quarter of 2020-21, according to details provided by the government in Parliament

Women unemployment rate falls to 4.2% in 2019-20 from 5.1% in 2018-19

Unemployment rate for women fell to 4.2 per cent in 2019-20 from 5.1 per cent in 2018-19, according to Periodic Labour Force Survey (PLFS) conducted by National Statistical Office

Pharma PLI scheme has export generation potential of Rs 1.96 tn: Mandaviya

PLI for pharmaceutical products has export generation potential of Rs 1,96,000 crore over a period of six years, Parliament was informed on Tuesday.

Govt focused on enabling policies to strengthen digital infra: DoT official

The government is focused on policies in areas like licencing framework, spectrum management and broadband to strengthen digital infrastructure, a senior DoT official said on Tuesday.

FDI in food processing sector falls 57% to $393 million in FY21

During 2018-19, FDI in FPI sector stood at USD 628.24 million.

Higher Q1 tax mop-up shows economy on recovery path: Govt

Reasons for increase in the collections include revival of economic activities and positive sentiments among taxpayers during this current financial year

Prospects for cement industry in FY22 look bright, says Kumar Birla

The Indian cement sector is the second-largest cement industry in the world, according to CMA.

India can save $1.2 billion a year by shutting old coal plants: Study

Country should accelerate decommissioning 30 gigawatts of coal-fired capacity and set aside another 20 gigawatts of plants as reserve: Research.

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

Ordnance factory workers' indefinite strike fizzles out

MoD tells Parliament that strike threat received but not strike notice

Govt introduces a Bill in the Lok Sabha to amend insolvency law

The government on Monday introduced a bill in the Lok Sabha to amend the insolvency law and provide for a pre-packaged resolution process for stressed MSMEs.

Import duty on masur dal cut to zero; agri infra development cess halved

This is a bid to boost domestic supply and check rising prices.

No plan to print currency notes to tide over economic crisis: Sitharaman

Many economists and experts have suggested the government to resort to printing more currency notes to support the economy

Govt prepares portal to speed up Rs 2.5 trn-plus asset monetisation drive

The NMP will serve as a roadmap for asset monetisation of brownfield infra assets across sectors such as roads, railways, aviation, power, oil and gas, and warehousing

Retiring older coal-generation assets could save Rs 37,750 crore: CEEW

The report said out of India's total installed capacity of 300 Gw, some 35 Gw of coal-based power plants can be decommissioned on priority

Govt detects undisclosed income of Rs 20,078 crore in Panama Leak

Besides the Panama Leak, the government also detected undisclosed credits of about Rs 246 crore in Paradise Papers Leaks and Rs 11,010 crore in ICIJ cases

Corporate bond spreads widen 30-35 basis points in July over G-Sec

Corporate bonds are driven mainly by two factors - domestic liquidity and foreign portfolio flow

All ministries, departments to review central schemes by July end

The move includes evaluating the budgetary allocation for each scheme and phasing out various elements of schemes that may have become redundant

Recovery tracker: Power generation falls below 2019 level, mobility slows

Almost 77 per cent of workplace visits were back, while use of transit stations was at 85 per cent of 2019 levels

Retail credit getting traction, but may remain below pre-Covid levels

According to the RBI data, in the pre-pandemic phase in 2019-20, year-on-year growth in retail credit was 16.6 per cent in June 2019