Page 1354 - Economy & Policy News

From households to FMCG companies, commodity inflation bites hard

The higher prices of widely used raw materials such as edible oils, pulses, television panels, and chipsets are burdening household budgets and threatening the margins of leading manufacturers

Road ministry to seek Cabinet nod for townships alongside highways: Gadkari

The minister emphasised on import substitution, cost effective, pollution free and indigenous methods and development of alternative fuel.

Integration of industrial land bank system by Dec: Commerce ministry

The India industrial land bank system has been integrated with industry-based GIS systems of 17 states so far and will achieve pan-India integration by December 2021, the commerce and industry ministry said on Friday.

Health policy: Out-of-pocket cost jumps as consumables' share in bill rises

Consumables are usually, but not restricted to, medical aid/equipment that have to be discarded after use

NHAI resumes infrastructure investment trust project with roadshows

The trust is being set up as a private listed InvIT to attract large institutional investors

Centre, LIC to offload part or full IDBI Bank stake in one go: DIPAM

Any person holding less than 25% of shares in a company can make an open offer provided that it is for a minimum of 26%

New 10-year bond at 6.1% signals RBI's tolerance for higher yields

Bond dealers welcome move, say this would help correct distortion in the yield curve

Vedanta, Hindalco among 34 firms to put bids for Commercial Coal Auction-II

Most of the bidders are from iron and steel industry; three state-owned companies have also participated

LIC's holding in IDBI Bank to be sold along with govt's stake: DIPAM

LIC's holding in IDBI Bank would be sold along with the government's stake in the lender's disinvestment, but the exact quantum of stake dilution is yet to be decided, the DIPAM has said.

Over 33% piers of the elevated stretch on RRTS corridor completed: NCRTC

Over one-third of the total piers on the 70-km elevated stretch of the Delhi-Meerut RRTS corridor have been completed, the NCRTC said on Friday.

G20: Sitharaman emphasises on role of technology in fighting climate change

The minister participated virtually in the G20 High-Level Tax Symposium on Tax Policy and climate change

India takes fiscal steps for better environmental results: FM at G20 meet

The third meeting of G20 Finance Ministers and Central Bank Governors is scheduled on July 9 and 10

India exports 4.75 mn tonnes of sugar so far this year: Trade body

The sugar marketing year runs from October to September.

Securitisation volumes for NBFCs, HFCs surged to Rs 17,500 cr in Q1: Icra

Securitisation is the process of pooling and repackaging homogenous illiquid financial assets into marketable securities that can be sold to investors.

Securitisation volumes more than double Q1 despite pandemic: Icra

This happened despite the second Covid-19 wave; ratings agency estimates securitisation volumes for FY2022 at more than Rs 1.2 trillion

Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin

This is on the back of targeted fiscal relief, monetary policy and a rapid vaccination drive: FinMin

Yogi Adityanath govt to unveil policy on population control for 2021-30

The Yogi Adityanath government in Uttar Pradesh will unveil its new policy on population control for 2021-30 on the occasion of the World Population Day on July 11

Double whammy for food buyers as freight costs spike amid high grain prices

Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets

Several challenges await Jyotiraditya Scindia at Civil Aviation ministry

Among the major issues before the new Civil Aviation Minister will be the Centre's decision to divestment the national carrier Air India due to the huge losses by the airlines

Lenders say no to firms, individuals when India's economy needs credit most

Nation's biggest lender State Bank of India wants to nearly double its credit growth rate to 10% in the year started April 1, but is willing to miss the goal.