Page 1352 - Economy & Policy News

Inflationary situation in India is at a 'very risky bend': Kaushik Basu

India needs a much better curation of policy once again between the Reserve Bank of India and the finance ministry, says former CEA

RBI's tolerance for higher yields may mean end of transmission

After years of experimentation, policy transmission has become highly effective and occurs almost in real time in money markets

Sentiments in property market turns pessimistic in April-June: Report

Sentiments in the real estate market turned pessimistic during the April-June quarter because of the outbreak of the second wave of Covid-19 pandemic

RBI eyeing 'phased introduction' of digital currency: Deputy Governor

RBI is working on a phased implementation strategy for its own digital currency and is in process of launching it in wholesale, retail segments, RBI Deputy Governor T Rabi Sankar said on Thursday.

Union Cabinet eases foreign investment rules to aid BPCL sale: Report

Union Cabinet has reportedly approved increase in FDI limit in the petroleum PSU to 100% from 49% currently

Union Cabinet approves Rs 6,322-cr PLI scheme for specialty steel

The scheme has an employment generation potential of about 525,000 of which 68,000 will be direct and the rest will be indirect employment, says govt

Over a quarter of health subsidy cornered by the wealthiest 20%: PHFI

Low awareness combined with limited coverage means that the richest 20% get over a quarter of the health subsidy; only half of this goes to the poorest 20%

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

In Delhi, petrol price is at Rs 101.84 per litre. Check here to know the fuel prices in your city today

Covid crimps budget housing market as consumers cut down on expenses

Data shows the share of affordable homes in the overall new launches in the top seven metros fell sharply since the Covid-19 pandemic upended lives in India

End of thermal PPAs to help renewable power purchase, says SECI CMD

Jatindra Nath Swain, chairman and managing director, SECI, spoke to Shreya Jai about the growth prospects of the RE sector in India, the challenges, and plans

Telecom firms staring at possibility of excess backhaul spectrum fee

Currently, DoT allocates airwaves by administered price mechanism

Insurers' provision pool balloons as fatalities spike in second Covid wave

Claims in 2nd wave were 3-4 times the volume seen in first wave, says an insurer

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

Govt considers automatic route for creditors in IBC to speed up resolution

Such a move requires strengthening of information utility system: Official

Auto loan cos warn of sharp rise in bad debts due to Covid-19 lockdown

Analysts say the Rs 4 trn auto finance industry was the most impacted and had the lion's share of asset quality deterioration during the quarter

Draft ecommerce rules seek end to flash sales but consumers don't: Survey

The rules, among other things, propose that ecommerce companies not be allowed to organise flash sales

Real estate industry to grow five-fold to $1 trn by 2030: Housing Secy

Durga Shanker Mishra says that in line with PM's vision of 'Housing for All by 2022', some 11.2 mn houses have been sanctioned and 5 mn have already been allotted

Power hurdles: Consumers need to wait before they can choose supplier

Latest amendments to the Electricity Act might not be enough to remove existing obstacles.

External risks soften lenders' interest in renewable energy projects

The pressure to re-negotiate contracts to reduce tariffs and the viability of power distribution companies are some of these.