Page 1374 - Economy & Policy News
Daily toll collection via FASTag reaches level recorded before second wave
The toll collection across the country through FASTag touched Rs 103.54 cr with 6.3 mn transactions on July 1, 2021
 "Daily toll collection via FASTag reaches level recorded before second wave")
India's exports grow 47% to $32.4 bn in June; trade deficit at $9.4 bn
"Exports during the April-June period are the highest ever merchandise exports in a quarter in history of India," Commerce and Industry Minister Piysuh Goyal said
 "India's exports grow 47% to $32.4 bn in June; trade deficit at $9.4 bn")
Amid Covid, India Inc's foreign borrowings plunge by 51% to $738 mn in May
Indian businesses had raised $1.49 billion by way of external commercial borrowings (ECB) in May 2020.
 "Amid Covid, India Inc's foreign borrowings plunge by 51% to $738 mn in May")
Collection efficiency of NBFCs retail pool down by 10-35% in May vs March
The collections for SME loan pools and commercial vehicle loan pools also fell significantly by around 20 per cent from the peak achieved in March 2021: Icra
 "Collection efficiency of NBFCs retail pool down by 10-35% in May vs March")
RBI warns against combination of high public debt, low interest rates
The Reserve Bank of India (RBI) has said that the combination would pose challenges.
 "RBI warns against combination of high public debt, low interest rates")
Health and term insurance price index rose marginally in Q2CY21: PolicyX
Insurance sector as a whole is seeing elevated stress levels following a spike in Covid-related claims that many companies had not factored in
 "Health and term insurance price index rose marginally in Q2CY21: PolicyX")
Govt announces inclusion of retail and wholesale trades under MSMEs
The revised guidelines will benefit millions of retail and wholesale traders.
 "Govt announces inclusion of retail and wholesale trades under MSMEs")
India's exports during Q1 rise to $95 bn, highest ever in a quarter: Goyal
Commerce and Industry Minister said the ministry will work with all the stakeholders concerned to achieve the target of $400 bn exports in FY22
 "India's exports during Q1 rise to $95 bn, highest ever in a quarter: Goyal")
Piyush Goyal reviews 59 issues in critical infrastructure projects
Commerce and Industry Minister Piyush Goyal has reviewed 59 issues in 20 critical infrastructure projects, with anticipated investment value of nearly Rs 2.7 trillion, an official statement said
 "Piyush Goyal reviews 59 issues in critical infrastructure projects")
Petrol prices hiked again; here are the fuel prices in your city today
In Delhi, petrol prices have been increased by 35 paise from Rs 98.81 per litre to Rs 99.16 per litre. Check today's fuel prices city-wise
 "Petrol prices hiked again; here are the fuel prices in your city today")
India starts probe into alleged dumping of electrogalvanized steel
India has initiated a probe into alleged dumping of electrogalvanized steel, used in auto and electronics industries, from Korea, Japan, Singapore following a complaint by a domestic company.
 "India starts probe into alleged dumping of electrogalvanized steel")
India's economic hit from second Covid wave to be limited to Q1: Moody's
India's economic damage due to the second wave of Covid-19 and subsequent lockdowns will remain restricted to the April to June quarter, Moody's Investors Service said in a new macroeconomic outlook.
 "India's economic hit from second Covid wave to be limited to Q1: Moody's")
India agrees to landmark global tax framework on taxing multinationals
India has agreed to a pathbreaking international framework with 129 other countries for taxing multinationals that could impact its ability to tax them
 "India agrees to landmark global tax framework on taxing multinationals")
Urban Indians prefer job guarantee over cash handouts, says LSE study
Even most of those who had received cash handouts in the wake of the pandemic preferred having job protection.
 "Urban Indians prefer job guarantee over cash handouts, says LSE study")
Six years of Digital India: Here is a look at how scheme has fared so far
The initial outlay was Rs 100,000 crore in ongoing schemes and Rs 13,000 crore in new schemes
 "Six years of Digital India: Here is a look at how scheme has fared so far")
Why PM's goal on raising oil and gas production will be unattained in 2022
Modi aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence
 "Why PM's goal on raising oil and gas production will be unattained in 2022")
130 countries agree to Biden-backed 15% global minimum tax for companies
The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans
 "130 countries agree to Biden-backed 15% global minimum tax for companies")
Special drive launched to bring more farmers under PM crop cover scheme
In a major farmer outreach, the government on Thursday launched a special drive to enrol more cultivators under the Pradhan Mantri Fasal Bima Yojana (PMFBY)
 "Special drive launched to bring more farmers under PM crop cover scheme")
Centre approves 14 eligible applicants under PLI scheme for IT hardware
The target segments under the PLI Scheme for IT Hardware include laptops, tablets, all-in-one personal computers and servers
 "Centre approves 14 eligible applicants under PLI scheme for IT hardware")
Mumbai has 4-fold jump in property registration in June as city eases curbs
Share of women homebuyers in new sales for residential property improves from 1.8 per cent in May to 4.7 per cent in June.
 "Mumbai has 4-fold jump in property registration in June as city eases curbs")