Page 1369 - Economy & Policy News

Vehicle registrations in June increase 23% on last year's low base

As compared to June 2019, total registrations dropped 29 per cent

French court allows Cairn to seize 20 Indian govt properties in Paris

Assets are worth more than 20 million euros; FinMIn says no communication received in the matter Cairn is also eyeing assets in US, UK, Canada, Singapore, Mauritius and Holland

Life insurers' new business premiums grow 4% YoY in June after dip in May

In Q1FY22, the life insurance industry reported a 7 per cent increase (YoY) in NBP

IPO-bound LIC to have CEO, managing director as Centre scraps chairman post

Govt amends another rule to appoint a full-time actuary for state-owned insurance behemoth

Google tax collection jumps 4 times in Q1; Bengaluru tops the list

This comes in the backdrop of India agreeing to the global tax deal proposal at the OECD, which will require New Delhi to withdraw the equalisation levy by 2023

Cabinet nod to APMCs availing finance from Rs 1 trn agri-infra fund: Tomar

APMC mandis will now be eligible to avail financial support from the Rs 1 lakh crore Agriculture Infrastructure Fund to expand the regulated markets' capacity and provide better facilities to farmers

India-Russia ties among steadiest of relationships in the world: Jaishankar

External Affairs Minister S Jaishankar on Thursday said that the bilateral ties between India and Russia have been among the "steadiest" of the major relationships in the world after the WW 2

Man for all reasons: Ashwini Vaishnaw, minister of Railways, Comms & IT

From trusted bureaucrat, to Wharton, MNC executive to businessman, and now politician, the man in charge of two weighty ministries is a unique all-rounder with specialist knowledge

LIC to have CEO, MD as govt does away with Chairman post ahead of IPO

To facilitate the listing of the insurance behemoth, the government has already approved raising its authorised share capital to Rs 25,000 cr\

MFIs, smaller NBFCs collections drop to 65-85% in Q1 FY22: Acuite Ratings

The collection efficiencies of its rated microfinance institutions (MFIs) and smaller non-banking finance companies (NBFCs) have dropped to 65-85 per cent during the first quarter of fiscal 2022.

India's power demand surges to all-time high; crosses 200 GW mark

Many states have been witnessing high temperatures due to delayed monsoon

Ministry of Finance releases Rs 9,871 crore grant to 17 states

With the release of this installment, a total amount of Rs 39,484 crore has been released to eligible states in current financial year.

Cabinet expansion cannot cover up govt's wrong policies: Mayawati

In a major overhaul, Prime Minister Narendra Modi inducted several new members in his cabinet and dropped 12 ministers

I-T assessments hit as e-filing portal's communication with back-end broken

A host of activities have been stalled on the upgraded e-filing portal; banks seek undertaking from customers for overseas payment

Hiring activity bounces back with 15% rise in June, finds report

The activity was led by the IT-Software/Software Services sector.

I-T dept issues Rs 37,050 cr refunds to 1.7 mn taxpayers from Apr 1-Jul 5

Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore

Cash-driven informal credit market reaches $500 billion in India

While India has a highly under-penetrated formal credit market, it has a very large informal credit market.

'Not received order from any French court': India on Cairn seizing assets

Trying to ascertain the facts, and whenever such an order is received, appropriate legal remedies will be taken, says govt

PM Modi to gift 65 new projects worth over Rs 421 crore to Varanasi

Prime Minister Narendra Modi is all set to gift 65 new projects worth Rs 421.54 crore to the people of Varanasi, which is his parliamentary constituency, on his next visit to the holy city

Spurt in outsourcing, digital deals to drive IT sector rebound: Crisil

The 100 billion dollar information technology services sector will stage a strong recovery this fiscal with revenue growth of 10 to 11 per cent, according to Crisil Ratings