Page 1341 - Economy & Policy News

India's jobless rate drops to four-month low in July as Covid ebbs

The country's unemployment rate was 9.17% in June, says CMIE

Adani, Essar, queue up for govt's Rs 2,500 cr-plan to develop ports

The largest of seven proposed PPP projects is at Jawaharlal Nehru Port Trust (JNPT), which plans to privatise its container terminal

Factory growth rebounded in July, hiring resumed after 15 months: PMI

The Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 55.3 last month from 48.1 in June, well above 50-level separating growth from contraction.

Top headlines today: RBI policy, ATM network, NSE's IPO, and more

Here are the top headlines on Monday morning

Experts see status quo, will read between lines: BS monetary policy poll

Retail inflation came at 6.30 per cent in May, and 6.26 per cent in June -- both above the upper limit of the RBI's target

SEIS allocation will help tourism-related services

Giving a substantial part of the meagre allocation under SEIS to hotels, restaurants and other tourism-related service providers against their NFE earnings in 2019-20 will help them cope with distress

CCI to launch study into film distribution, examine OTT impact on releases

CCI acknowledges that if two blockbusters are released together, they might not get a lot of business

GST collection recovers to a 3-month high of Rs 1.16 trn in July

On a year-on-year basis, the July GST collection witnessed a 33 per cent jump

UPI logs record 3 bn transactions in July, riding on digital payments

The platform processed transactions worth Rs 6.06 trn in July, up 10.76 per cent from June

Statsguru: Five charts explain how big is India's labour force

The size of India's labour force is likely to have reached 540 million in 2019-20.

RBI's new rules on interchange fee, 24/7 bulk clearing facility functional

The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards.

July GST revenue at over Rs 1.16 trn; govt says it marks economic recovery

Revenues for July 2021 are 33 per cent higher than GST collected in the same month last year.

RBI likely to maintain status quo on interest rate amid fears of third wave

The Reserve Bank is likely to maintain status quo on interest rate and watch the developing macroeconomic situation for some more time before taking any decisive action on monetary policy.

India's fuel demand picks up in July, petrol consumption at pre-Covid level

India's fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels

India will always be proponent of international law: S Jaishankar

External Affairs Minister S Jaishankar on Sunday said India looks forward to "working productively" with other members of the UNSC as the country takes over the presidency of the 15-nation UN body.

FPIs pull out net investments worth Rs 11,308 cr from equities in July

Foreign portfolio investors (FPI) pulled out net investments worth Rs 11,308 crore from Indian equities in July.

India's power consumption back to pre-Covid level in July; up nearly 12%

India's power consumption grew nearly 12 per cent in July to 125.51 billion units and returned to pre-pandemic level mainly due to easing of lockdown curbs and delayed monsoon

Businesses can now self-certify GST returns, instead of mandatory CA audit

GST taxpayers with a turnover of over Rs 5 crore can now self-certify their annual return, instead of a mandatory audit certification by chartered accountants, the CBIC has said

Treated, purified sewage water for industrial use to attract 18% GST: AAR

Treated and purified sewage water is classified as 'water' under the GST Act and its supply for industrial use would attract an 18 per cent tax, the Authority for Advance Ruling (AAR) has said

479 infrastructure projects show cost overruns worth Rs 4.4 trillion

As many as 479 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 trillion, according to a report