Page 1380 - Economy & Policy News

Rs 1.75 trillion disinvestment target on track, says CEA Subramanian

The target of mopping up Rs 1.75 trillion from disinvestments of some of public sector companies, including LIC and BPCL during current fiscal, is on track and groundwork is being prepared for goal

SC orders implementation of 'one nation, one ration card scheme' by July 31

The Supreme Court on Tuesday directed states and union territories to implement the 'one nation, one ration card scheme' till July 31

S&P Global cuts India's growth forecast to 9.5% from 11%, trims EM overall

"The top risk facing emerging market economies (EMs) is a slower-than-expected rollout of the vaccines," S&P's economists said in new report

Gadkari emphasises on all-round efforts for Aatmanirbhar Bharat initiatives

Minister for MSME and Road Transport and Highways Nitin Gadkari has emphasized that all-round efforts are required for implementation of various initiatives undertaken as part of Aatmanirbhar Bharat

Tourism players welcome FM's loan package for travel agencies, guides

People associated with the tourism industry have welcomed finance minister Nirmala Sitharaman's loan package for travel agencies and tourist guides which is likely to revive the industry

India Inc fares well on environmental, social and governance disclosures

Parameters where India scored high included policy on equal voting rights (100 per cent), policy on community involvement (99 per cent), and CSR sustainability reporting (98 per cent)

Rs 50,000-cr loan guarantee for health not enough in non-metros: Industry

Finance Minister Nirmala Sithar­aman said the government would provide 75 per cent coverage for new projects and 50 per cent for those in expansion mode in the non-metros

MSCI warns India, four other emerging markets against restrictive policies

Says could lead to a downgrade in market classification

Booster dose: Govt unveils Rs 6.3-trillion package to spur growth

Includes credit guarantee schemes, steps to revive tourism, strengthen health infra

FTAs with key nations will boost exports, attract more investments: FIEO

India likely to kick start talks for FTAs with UK and EU by 2021-end, is also focusing on resuming trade talks with Canada, Australia

Rs 1.75-trn disinvestment target on track: CEA Krishnamurthy Subramanian

On the Covid-19 pandemic, Subramanian said the impact of the second wave is lesser than that of the first one

Govt announces 500,000 free visas, loan guarantee scheme for travel sector

The scheme will benefit 11,000 stakeholders including 904 tour operators and 10,700 tourist guides, FM says

Breather for electronics manufacturers as govt extends PLI by a year

Move will help mobile handset and other electronics makers impacted due to lockdowns

Guarantees for MFI loans to kickstart lending in rural areas, say experts

Scheme extended to term loans from banks to MFIs for on-lending; tenure of loan extended to 36 months from 18 months earlier, with cap on interest rate charged by banks

Tax cuts for individuals, companies needed to boost demand, say economists

While the measures announced on Monday are focussed more on the supply side, these steps would take a lot of time to move the needle for the economy

Central Coalfields awards Rs 9,294 crore mining project to Power Mech

Coal ministry, along with Coal India Ltd and Neyveli Lignite Corp, is offering 60 projects worth Rs 41,042 crore for private investment.

IFSC eases capital norms for AIFs, exempts need for sponsors' commitment

Also allows such funds to invest in units of domestic MFs as well as those of other FATF-compliant jurisdictions

Recovery tracker: Power generation back in positive territory as curbs ease

Other indicators including mobility have been on the rise

Experts doubt India's new loan guarantees will boost economic growth

Industry leaders and economists said the new loan guarantees, amounting to $35 billion, may provide some temporary relief but would not be sufficient to boost economic growth.

India to allow ethanol-based 'flex engines' in vehicles: Gadkari

Govt will be rolling out a scheme on the same in the next three months: Gadkari