Page 1348 - Economy & Policy News

All ministries, departments to review central schemes by July end

The move includes evaluating the budgetary allocation for each scheme and phasing out various elements of schemes that may have become redundant

Recovery tracker: Power generation falls below 2019 level, mobility slows

Almost 77 per cent of workplace visits were back, while use of transit stations was at 85 per cent of 2019 levels

Retail credit getting traction, but may remain below pre-Covid levels

According to the RBI data, in the pre-pandemic phase in 2019-20, year-on-year growth in retail credit was 16.6 per cent in June 2019

Govt to sell 8% stake in Hudco via offer for sale; may get Rs 720 crore

Sale would reduce govt's holding in the firm to 81.81% if it exercises greenshoe option, and offloads entire 8% in the PSU

Oil's not well in TN: Protests against exploration put ONGC in a spot

The state government's stand and the protests against exploration have put ONGC in a spot, with recoverable oil and gas reserves worth $8.5 billion stuck

Govt procures record 43.33 MT wheat in 2021-22 rabi marketing season

The government has procured record 43.33 million tonne of wheat in the 2021-22 rabi marketing season, the Food Ministry said on Monday.

India's GDP growth expected to be 8.8-9% in FY22: Care Ratings

The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.

Govt reduces basic customs duty on imports of masur dal to zero

The government on Monday reduced the basic customs duty on imports of masur dal to zero and halved the Agriculture Infrastructure Development Cess on the lentil to 10 per cent

Goa, Delhi Power ministers in public face-off over tariff structures

Goa Power Minister Nilesh Cabral and his Delhi counterpart Satyendar Jain on Monday had a much anticipated public face-off over the virtues of the power tariff structures in place in the two states

Second Covid wave may have more lasting damage on economy: Moody's

With regard to vaccination, Moody's Analytics, which is a financial intelligence company, said India is struggling to accelerate its pace of inoculation.

Govt's net tax collection rises 86% to Rs 5.57 trillion in first quarter

In Panama Papers and Paradise Papers leaks cases, undisclosed credits of Rs 20,078 crore and Rs 246 crore, respectively, have been detected.

RBI to overlook higher inflation, remain dovish in August review: Report

The Reserve Bank-led monetary policy panel is scheduled to announce the third monetary policy review on August 6

Real estate sector loans worth $18 bn under severe stress: Anarock

Property consultant Anarock, however, said in its report that at least 67 per cent or about $67 billion of the total advances to the sector is now completely stress-free.

2nd wave may lead to some reassessment of economic growth estimates: Birla

According to Birla, the Indian economy was "firmly on the path of recovery" in the second half of FY21

Nirmala Sitharaman introduces IBC (Amendment) Bill 2021 in Lok Sabha

Sitharaman is in charge of both finance and corporate affairs ministries.

India quick commerce market to reach $5 bln by 2025: RedSeer report

Quick commerce refers to delivery of consumables within 45 minutes with a nominal delivery charge; Dunzo and Swiggy Instamart are some of the players

Dependence on imports in the steel sector is worrisome: R C P Singh

Newly appointed Steel Minister says the announcement of the Rs 6,322-cr PLI scheme for specialty steel is another step towards 'Atmanirbhar Bharat'

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

In New Delhi, the price stands at Rs 101.84 per litre. In Mumbai, the prices are retailing at Rs 107.83

Statsguru: Performance and challenges of co-operative sector in India

Even though a fifth of these cooperatives are in the financial sector, their share has remained low

Private sector to step up Covid-19 vaccination drive in towns, villages

Private hospitals see fall in demand for paid jabs after free vaccine announcement