Page 1361 - Economy & Policy News

Gujarat tops discom ranking ninth year in a row, UP and Haryana progress

Loss-making discoms need to take corrective measures to access funds under Central schemes, says power minister R K Singh

High food inflation a worry, says Niti Aayog CEO Amitabh Kant

He also said the state governments must take the lead in instituting labour reforms and rationalising costs of power to the industry

Railway stations need to go beyond transport, become economic hubs: PM Modi

Work on redevelopment of 125 stations currently underway, at total investment of over Rs 50,000 cr

Kharif sowing drops further, raises output concerns in oilseeds, pulses

Farmers might shift from soy, cotton and maize if rainfall doesn't improve sufficiently, analysts say

Indian forex reserves rise by $1.88 bn to record high of $611.89 bn

The country's foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9, RBI data showed on Friday.

India's economic growth to start hitting 6.5-7% from FY23 onwards: CEA

Subramanian expects the impact of the second wave not to be very significant

Govt-appointed council on curbing digital monopolies holds first meeting

The council deliberated on several issues concerning the formation of the ONDC platform and setting out basic fundamentals of this platform, CAIT said in a statement

India's gasoline sales jump above pre-pandemic levels, shows initial data

Sales of gasoline rose to 1.03 million tonnes in the first fortnight of July, a jump of about 3.44% over the corresponding 2019 period, preliminary industry data showed on Friday

Crop sowing lags in India, raising concerns over food grain output

Farmers typically start planting summer-sown crops on June 1, when monsoon rains usually reach India. Planting then continues until early August.

NCGTC issues guidelines for Rs 50,000-cr scheme for medical infra

The National Credit Guarantee Trustee Company Ltd on Friday issued operational guidelines for the Rs 50,000-crore credit guarantee scheme

CESL, WRI India sign pact to build strategy for renewable energy sector

Convergence Energy Services Ltd (CESL) and the World Resources Institute India have entered into a pact to work on strategising for India's transition towards a net-zero emission trajectory.

PFRDA pension subscribers' base jumps to over 43.5 million at end of June

PFRDA has registered a 24 per cent jump in its subscribers' base under two flagship pension schemes to more than 43.5 millions at the end of June.

Union minister Jitendra Singh lauds DoPT for reducing wasteful expenditure

Union minister Jitendra Singh Friday lauded the Department of Personnel and Training (DoPT) for reducing wasteful expenditure.

India targeting 20% ethanol-blending with petrol by 2023-24: Piyush Goyal

India has set a target of 20% ethanol-blending with petrol by 2023-24 and the ultimate goal is to have 100 per cent ethanol-run vehicles, Commerce and Industry Minister Piyuh Goyal said on Friday.

Bring fuel under GST, reduce prices: Maharashtra minister to Centre

The Centre must bring fuel under GST and take steps to reduce prices in order to give relief to people, Maharashtra minister Amit Deshmukh said on Friday.

Tomar urges farmers to benefit from agri-reform; launches Kisan Sarathi app

Agriculture Minister Narendra Singh Tomar urged farmers to take benefit of the government's farm reforms that are not only aimed at improving their lives, but also boosting the agriculture sector.

NAREDCO demands one-time loan restructuring, funds for stalled projects

Realtors' body NAREDCO has sought from the government one-time restructuring of loans and last-mile funding for stalled projects to save the realty sector from the liquidity crisis

Assam govt tables Rs 566 crore deficit budget, proposes no new tax

The Assam government on Friday presented a Rs 566 crore deficit budget for 2021-22 in the assembly, without proposing any new tax on the public.

Aviation sector recovering after Covid-19 impact: Jyotiraditya Scindia

The COVID-19 pandemic hit the aviation sector in the country hard but now the things are improving, Union Civil Aviation Minister Jyotiraditya Scindia said here on Friday.

Time to be brave, stretch fiscal deficit targets to aid growth: Kamath

Veteran banker K V Kamath on Friday said it is "time to be brave" for the government, and it should stretch the fiscal deficit target set in the budget if need be, to push growth.