Page 1345 - Economy & Policy News

What explains China's sizeable presence in India's import basket

Merchandise imports from the country more than doubled in April YoY

Centre likely to receive 30% more from infrastructure asset sale

Final list may be sent to ministries by month-end

Office leasing down 22% in H1 2021 as demand catches Covid-19 bug: Report

Covid-19 infections and slow vaccinations have resulted in people waiting out rest of the year 2021 before leasing or renewing leases

Meity withdraws compliance letter sent to Apple over iMessage

The IT ministry is learnt to have withdrawn a letter sent to iPhone maker Apple seeking compliance of iMessage platform with the new IT rules, according to a source.

GDP to grow in double digits in the first quarter, says ICRA report

The Indian economy will grow in double digits for the April-June period on the low base of 2020-21 but will still be short of the levels observed in the first quarter of FY20, it said.

Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn

India was a net importer, with trade deficit of $9.4 bn vs $710-mn surplus last yr

Irrational subsidies by many nations hurting Indian fishermen: Goyal at WTO

India said that it is 'very' keen to finalise an agreement on fisheries subsidies in the WTO as irrational benefits and overfishing by many countries are hurting domestic fishermen

Centre frontloads Rs 75,000 crore to states as GST compensation

Move to help state govts spur capex amid pandemic

Govt floats Request for Proposal to appoint intermediaries for mega LIC IPO

Merchant bankers, and registrar and share transfer agents will have to submit their bids by August 5

With 300 mn Indians in its fold, cooperative sector awaits big-bang reforms

Creation of a new cooperation ministry led by India's second-most powerful politician signals disruption, points to new farmer-friendly policies ahead of 2024 national polls

79% believe household earnings will dip in FY22 as against FY21: Survey

76% want Centre to cut excise duty on petrol and diesel as high fuel prices hit family budgets, says a Localcircles survey

IBM and Nasscom train about 5,000 students, make them employment ready

IBM and Nasscom Foundation worked with 23 colleges across various states to teach certify students with emerging technology courses; over 2,000 students get jobs

Centre releases Rs 75,000 crore to states, UTs as GST compensation

The government on Thursday said it has released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue.

Exports rise by 48% to $32.5 bn in June; trade deficit at $9.37 bn

The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods

Near-term economic prospects bright but demand may take time to return: RBI

The tapering of the second wave of Covid pandemic coupled with aggressive vaccination has brightened the near-term prospects of the Indian economy

Govt invites bids from merchant bankers, legal advisors for LIC IPO

The last date for putting in bids is August 6, as per a notice issued by DIPAM

Uptick in inflation driven by supply shocks, should ease over the year: RBI

The tapering of the second wave, coupled with an aggressive vaccination push, has brightened near-term prospects for the Indian economy, the central bank said in its monthly bulletin for July

Financial inclusion will continue to be a policy priority after Covid: Das

RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a policy priority for the central to make the post-pandemic recovery more equitable and sustainable.

Over 70% Gen Z job applications rejected in second wave: LinkedIn study

72 per cent students say internship opportunities were reduced, 90 per cent of applicants were demotivated in the second wave, according to a study.

Sales of sub-Rs 50 lakh homes hit in 2021 as Covid bites: Knight Frank

During the early part of this year, sales volumes were greatly influenced by two markets - Mumbai and Pune that together constituted over 45 per cent of the total sales amongst key markets