Page 1344 - Economy & Policy News

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

Relaxation of curbs on economic activity helping job opportunities: Report

The Teamlease Employment Outlook report for the July-September quarter noted that the intent to hire freshers has increased by 7 per cent in the current quarter.

Indian traders sign sugar export deals in advance as frost hits Brazil

Traders said the likely decline has already lifted sugar prices near their highest levels in 3-years

'Definitely going to happen': CEA on GST rate structure rationalisation

India is the fifth largest economy of the world but the banking system is still has a lot of catching up to do, he said

Embassy Office Parks REIT expects demand to bounce back in early FY22

Occupancies may fall 100-200 bps in the coming quarters

How the government is failing its migrant workers and their families

Outreach and accessibility of schemes, and estimations of the migrant population remain a significant hurdle for benefits flowing to the migrant population

India's inflation could go past RBI target rest of 2021, say report

Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.

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