Page 1382 - Economy & Policy News

Economic revival: FM Sitharaman raises ECLGS scheme limit to Rs 4.5 trn

FM announces Rs 1.1 trillion loan guarantee scheme for Covid-affected sectors

FM announces Rs 1.1 trn loan guarantee scheme for Covid affected sectors

The scheme would include Rs 50,000 crore loan to the health sector

Indian economy showed signs of cooling in May before gaining momentum

A slew of data from services activity to automobile sales pointed to lack of demand last month, which in turn kept the needle on an overall activity indicator unchanged at 6.

A $27 billion pile of stressed debt looms over India's new bad bank

The new institution, which is set to start operations by end of June, is likely to handle stressed debt worth $27 billionover time, which would be about a quarter of non-performing debt load

Govt plans to contest Supreme Court order on great Indian bustard

Solar power not cause of increased bird deaths, will be basis of state's argument

Govt dials investors ahead of LIC's IPO; embedded value expected by August

Preliminary presentation made on insurer's prospects

Centre adds over 32,000 cold chain equipment since March last year

There are 37 state vaccine stores, 114 regional vaccine stores, 723 district vaccine stores and 28,268 sub-district vaccine stores

India's crude steel output grows 46.9% to 9.2 mn tonnes in May: Report

India registered a 46.9 per cent year-on-year growth in its crude steel output at 9.2 million tonnes in May, according to worldsteel data

India's coal import rises 30% to 22 million tonnes in April

India's coal import rose 30.3 per cent to 22.27 million tonnes in April amid supply concerns and demand for pre-monsoon restocking of dry fuel.

Traffic on national highways back to April level, shows CRISIL data

Traffic in April on the national highways witnessed a 15 per cent decline to 160 million toll-paying vehicles against 190 million in March

Govt's Rs 50K-cr Fund of Funds scheme for small businesses hits Sebi hurdle

The move will help such small businesses get listed on the domestic bourses as well

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.

Reservations take SC/STs to Parliament, but not to positions of influence

Their proportional share in the Lok Sabha is not reflected in their presence in various committees, implying limited influence and authority.

IBBI puts out Aadhaar, PAN info of creditors on website; removes them later

A senior official said the details came into the public domain "inadvertently" as the regulator is working on a beta project to host the information of creditors

Railways improves operating ratio to 97.45% in pandemic-hit FY21

Limited train services for most of year with no subsidies or concessions, severely tightening of expenses have led to Railways better its operating ratio to 97.45% in FY 21 from 98.36% previous fiscal

Traders body CAIT urges govt not to dilute draft e-commerce rules

Domestic traders' body CAIT on Sunday urged the government not to dilute the draft of e-commerce rules under any pressure of foreign-funded online firms.

No resumption of DA, DR from July 1 for central govt employees: FinMin

The Ministry of Finance on Saturday clarified that no order regarding resumption of DA for the central government employees and DR for the central government pensioners from July 1 has been issued.

Indian economy poised for recovery in FY22, says SBI Chairman

SBI Chairman Dinesh Kumar Khara has expressed hope that the country's economy would recover in the ongoing financial year

478 infrastructure projects show cost overruns worth Rs 4.4 trillion

As many as 478 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.

Some states fear proposed e-commerce rules will hurt jobs, MSME: Report

Some states fear there could be a negative impact on jobs and market access for MSMEs created by various digital platforms in recent years