Page 1357 - Economy & Policy News

Recovery of bad loans impacted due to Covid pandemic, says B K Karad

The recovery as a percentage of gross non-performing assets moderated to 12.8 per cent in 2020-21 from 15.8 per cent in the previous fiscal year against the backdrop of the pandemic

'Mann Ki Baat' radio programme generated Rs 31 cr revenue since 2014: Govt

Prime Minister Narendra Modi's monthly radio programme 'Mann Ki Baat' has fetched over Rs 30.80 crore as revenue since it began in 2014, with the highest of over Rs 10.64 crore earned in 2017-18

Govt exempts pulses' importers from stock limits; relaxes norms for millers

The government on Monday exempted importers of pulses from stock limits, and also relaxed the norms for millers and wholesalers, in view of softening of prices of the key pulses in the country.

Notice inviting tender for auctioning 27 mineral blocks issued by 4 states

Notice Inviting Tender (NIT) for sale of 27 mineral blocks have been issued by four states, including Jharkhand and Odisha, Parliament was informed on Monday.

Around 10.9 million MSME borrowers gets guarantee support under ECLGS

Around 10.9 million MSME borrowers have been provided with guarantee support amounting to Rs 1.65 trillion as of July 2 this year under the ECLGS

Nepal's Deuba thanks Modi; says shared views with him on strengthening ties

Nepal's newly-appointed Prime Minister Sher Bahadur Deuba on Monday thanked his Indian counterpart Narendra Modi for the congratulatory message

All efforts being made to complete Delhi-Mumbai Expressway: Gadkari

Road Transport and Highways Minister Nitin Gadkari on Monday said all efforts are being made to complete the Delhi-Mumbai Expressway project expeditiously.

Training starts in 607 districts under third phase of PMKVY: Pradhan

Training has started in 607 districts across 32 states/Union Territories under the third phase of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2020-22, Parliament was informed on Monday.

Over Rs 81,000 crore due to states as GST compensation for 2020-21

Over Rs 81,000 crore GST compensation is due to states for 2020-21, while for April-May this year, Rs 55,345 crore is outstanding, Parliament was informed on Monday.

Strong fundamentals, market size will attract foreign investments: FM

India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha

Oil Ministry authorises new companies to sell auto fuels in the country

According to a top ministry official, a fresh marketing authorisation has been granted to Reliance Industries under these norms

Statsguru: Six months on, India's Covid-19 vaccination drive is lagging

Orders for 786 million doses have been placed to date - less than the probable need of 950 million

Soaring digital thermometer import shows Covid-19 pandemic reading

Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted

India Inc's overseas direct investment in June doubles at $2.8 bn

The overseas direct investment of domestic companies more than doubled to $2.80 billion in June this year, according to RBI data

GST payable only on profit earned from resale of gold jewellery

Karnataka Authority for Advance Ruling has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale

Gross leasing of office space down 22% across 6 cities in Jan-June

Gross leasing of office space declined by 22 per cent year-on-year across six major cities during January-June this year to 10.1 million sq ft due to lower demand amid Covid-19 pandemic

Services export may grow 10% in FY22 due to growth in various sectors: SEPC

The country's services exports are expected to grow 10 per cent in 2021-22 due to healthy growth of sectors such as consulting, audio visual, freight transport, telecommunications, according to SEPC.

GST only on margin earned on resale of second-hand jewellery: AAR

Jewellers will have to pay GST only on the profit earned on resale of second-hand gold jewellery, Karnataka AAR has ruled.

Discoms' outstanding dues to gencos fall 15.25 pc to Rs 82,305 cr in May

Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 15.25 per cent to Rs 82,305 crore in May 2021 from a year ago.

Zurich airport signs agreement with NIAL for development of Noida airport

Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government's entity NIAL in Lucknow for the development of Noida International Airport, a statement said