Page 1336 - Economy & Policy News

India can be as rich as US and China by 2047, says Mukesh Ambani

Ambani said India in 1991 showed foresight and courage in changing both the direction and determinants of its economy

Honest taxpayers deserve to be recognised for paying due share of taxes: FM

Finance Minister Nirmala Sitharaman on Saturday said honest taxpayers deserve to be recognised for dutifully paying their due share of taxes

Relief for consumers; no revision in petrol, diesel prices for full week

Oil marketing companies (OMC) continued to pause fuel price revision for seven consecutive days, the longest period in weeks

India will continue to attract high foreign investments: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will continue to attract high foreign direct investment (FDIs) in the current financial year.

We can make next 30 years the best in India's history: Mukesh Ambani

"I am supremely hopeful and confident about the Rise of New India. I can see that the spirit of India is more resurgent than ever before", Mukesh Ambani wrote in Times of India

FS Shringla meets British counterpart, reviews 2030 roadmap to India-UK FTA

Foreign Secretary Harsh Vardhan Shringla has met his British counterpart Lord Tariq Ahmad and held a comprehensive review of the UK-India cooperation

Why India is still not ready to embrace 1991-style economic reforms

The real issue is that the government and the bureaucracy, unlike in 1991, aren't set up to develop a consensus behind liberalizing reforms

Infrastructure spending to push 'base metals' prices higher in 2021

Robust demand recovery amid gradual supply increase is expected to push base metal prices higher on a year-on-year basis in 2021

Maharashtra govt issues guidelines for cell phone usage at offices

Maharashtra Government has issued guidelines for state government officials and government employees for lesser use of cell phones and usage of official landline instead

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

In Delhi, petrol price remains unchanged for the seveth day straight at Rs 101.84 per litre. Check here to know the fuel prices in your city today

India plans more power islands to counter cyber, terrorist threats

The plan follows a major power outage in India's financial hub Mumbai last year that brought the city to a halt and prompted speculation about a cyber attack

Tax data shows how Covid-19 crushed small companies while big ones made hay

Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived

NPCI caught between managing UPI growth, curbing dominance of few players

Experts say the dominance of certain players is a factor of the overall preference of consumers as to which app they are using for making different transactions

Low cut-off yield sees newly-launched 10-yr bond devolve in second auction

Of the Rs 14,000 crore of bonds on offer, RBI made the primary dealers, or the underwriters buy Rs 11,144.145 cr

Gig economy to boost employment of Indian women in formal sector: Study

Alternative work arrangements in the gig economy have the potential to absorb more women and increase their participation in the workforce with some amount of reskilling, according to a latest study.

Road ahead more daunting, says Manmohan on 30 years of liberalisation

Singh said the reforms process unleashed the spirit of free enterprise which has helped produce world-class companies and help India emerge as a global power in many sectors.

Govt should consider import tariff cut on alcohol in phased manner: ICRIER

Duty cut will reduce cost of raw materials, enabling local manufacturing in India. Import duties on raw materials can be brought down to zero to support domestic manufacturing, council says

After patchy start, southwest monsoon revival fuels hope for kharif crop

Any production drop could push inflation concerns

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

Foreign exchange reserves zoom to record high of $612.73 bn: RBI data

The country's foreign exchange reserves rose by USD 835 million to touch a record high of USD 612.73 billion in the week ended July 16, 2021, RBI data showed.