Page 1360 - Economy & Policy News

With no subsidy, cooking fuel burns a hole in consumers' pocket

The subsidy on LPG was done away with and what remained was some freight subsidy, which comes to Rs 20-30 a cylinder

Govt procures record 43.32 million tonnes wheat, paddy in 2021-22

The previous record in wheat procurement was 38.99 mt achieved in the 2020-21 season

Household debt jumps to 37.3% of GDP in fiscal 2021, says report

Household debt has been steadily increasing ever since the GST implementation in July 2017

India's June services PMI at 41.2, the fastest drop in 11 months

This is expected to affect GDP growth rate during April-June quarter

First purchase of G-secs worth Rs 20K cr under G-SAP 2.0 on July 8: RBI

The Reserve Bank on Monday said the first purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 8.

NHAI debt reaches new high of Rs 3.2 trillion; toll revenue dips 4%

Borrowing up seven times in five years, growing at a CAGR of 47.6 per cent from Rs 45,300 crore at the end of March 2016

New rules will choke e-commerce growth, Indo-American Chamber tells Govt

Says proposed amendments will increase compliance liabilities, can affect investor sentiment globally especially with respect to 'Ease of Doing Business'

Govt extends timeline for feedback on draft e-commerce rules to July 21

Earlier deadline was set for July 6; companies now have till July 21 to submit their views

DCC clears satellite connectivity for telecom networks: DoT Secretary

The DCC has cleared a provision of using satellite connectivity in telecom networks to provide services in remote areas where it is difficult to lay optical fibre network

Sebi announces new rules to make bourses pay for technical glitches

Fine kicks in if there is delay in submission or incomplete submission of root cause analysis (RCA) report within 21 days of the incident

Housing sales dips 23% in Apr-Jun over previous quarter; up 83 % annually

Housing sales declined 23% in April-June across seven cities compared with the previous quarter due to the second wave of the Covid pandemic, but witnessed an 83% rise on an annual basis

Rated firms' credit quality improves in Q1, along with biz sentiment: CARE

Manufacturing, Infra firms see uplift; NBFCs face hit

Nandan Nilekani to join govt panel on curbing digital monopolies

Idea is to give 'free and fair' choice to buy products on online platform

Recovery tracker: Power generation up, more people get back to office

Indicators like traffic and emissions also show some signs of recovery, though more in some parts of the country than others

FM Nirmala Sitharaman shares India's response to Covid-19 with G-20 panel

Sitharaman on Monday highlighted the slew of measures undertaken to support the economy during the pandemic

Twitter failed to comply with India's new IT rules: Centre tells Delhi HC

The Centre, in an affidavit filed in the high court, said any non-compliance amounts to breach of provisions of IT Rules, leading to Twitter losing its immunity conferred under the IT Act

Residential sales surge by 83% YoY in second quarter 2021: JLL

Residential sales in Q2 (April-June) 2021 increased by 83 per cent as compared to Q2 2020, across the top seven cities.

Govt not to impose anti-dumping duty on certain copper items import

The government has decided not to impose anti-dumping on imports of certain copper products, used in the electrical industry, from China, Thailand, Korea and three other countries

Sharp increase in household debt stress in FY21 is worrying: SBI report

Household debt has sharply increased to 37.3 per cent of GDP in FY21 from 32.5 per cent of GDP in FY20

Change policies to promote industry, manufacturing: Kerala finance minister

We need to promote indigenous industry and indigenous knowledge and translate them into industrial production, says Kerala Finance Minister K N Balagopal