Page 1347 - Economy & Policy News

Why traders are upset over govt response to rising pulse,edible oil prices

The slash in import duties on crude palm oil has been negated by price rise in global markets, stock holding limits on pulses are self-defeating, say industry players

Rising fuel prices to have negative impact on automobile industry: SIAM

Rising fuel prices will have a negative impact on the automobile industry, hitting vehicle demand, while also adding to the overall inflationary pressure, auto industry body SIAM said on Wednesday.

RBI circular helps large lenders gain corporate banking mkt share: Report

In mid-2020, the RBI had come up with the circular that specified which bank can open a current account for a borrower, in order to check any misuse through multiple current accounts.

Cabinet okays scheme to promote India-owned ships with subsidy support

As per the scheme, a subsidy of Rs 1,624 crore over five years to domestic shipping companies will be given in global tenders floated by Ministries and central PSEs

National Ayush Mission to continue as centrally sponsored scheme till 2026

The Union Cabinet on Wednesday approved continuation of the National Ayush Mission as a Centrally Sponsored Scheme for another five years till 2026, Union minister Anurag Thakur said.

Govt to provide Rs 1,624 cr over 5 yrs as subsidy to Indian shipping cos

The Union Cabinet approved a scheme to provide Rs 1,624 crore over five years as subsidy to Indian shipping companies in global tenders floated by ministries and CPSEs for import of government cargo

Punjab waives off of Rs 590 cr of loans of labourers, landless farmers

The Punjab government on Wednesday announced waiver of Rs 590 crore worth of loans under the farm debt waiver scheme for labourers and the landless farming community.

Govt approves extension of RoSCTL scheme till 2024 for textiles exporters

Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government on Wednesday approved extension of RoSCTL scheme till March 2024.

Kerala drops KITEX's claims, says state stands for 'responsible investment'

State Industries Minister P Rajeev on Wednesday said his government stands for "responsible investment" and the southern state would be made a destination of such investments in few years.

Dearness Allowance for Central Govt employees increased to 28% from 17%

This will be applicable from July 1, 2021, said Union Minister Anurag Thakur on Wednesday

IFFCO Kisan Sanchar setting up 17 FPOs in Guj in tie-up with NABARD, NCDC

Fertiliser major IFFCO's arm IFFCO Kisan Sanchar Ltd is setting up 17 Farmer Producer Organisation (FPOs) in Gujarat in association with NABARD and NCDC.

Pandemic pain: Fuel prices rose over Rs 20/ltr in FY21, by Rs 10 this yr

You must be feeling the pain of rising fuel prices after it hit the century mark across the country last month.

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

No FTA with nations you have armed conflict with: Fin secy on RCEP decision

Somanathan said that a dose of carefully calibrated tariff protection for select sectors showing potential may be desirable

Milk to pork: How the rising cost of food is sweeping around the world

Food prices have always been cyclical, and most agricultural futures are now off their peaks from early May

Top headlines: Analysts predict Infosys Q1 results, Zomato allots shares

News about Zomato's share allotment and what analysts are saying about Infosys's Q1 results later today.

KUSUM wilts under poor planning: Multiple repackaging impacts its success

Multiple repackaging has impacted the success of this four-year-old flagship scheme to de-dieselise agriculture through solar-powered pump sets

More projects on road for NHAI's infrastructure investment trust

It is expected that the InvIT would overtake the toll-operate-transfer (TOT) projects as the preferred monetisation route for the authority during the current year

Govt-appointed panel to meet on modalities of open network for e-commerce

The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know

Over 400 top-level posts lie vacant in the Income Tax department

Seventy-three of the 91 chief commissioner positions are lying vacant, with some of them for more than a year