Page 1384 - Economy & Policy News

RBI holds back selling 10-yr bond indicating advent of new benchmark paper

Govt has raised over Rs 1.19 trillion against existing bond, a limit after which a new paper is issued to ease redemption pressure

Sebi defers implementation of MF employee compensation norms to Oct 1

In April, market regulator announced that 20% pay of senior MF officials must be in the form of units of schemes they oversee

Sebi boosts liquidity risk management for open-ended debt schemes

The market regulator has also asked AMFI to prescribe a suitable framework in this regard within one month. The framework will be adopted by all AMCs

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers

In relief to taxpayers, govt announces extension of compliance deadlines

PAN-Aadhar linkage deadline is extended by another 3 months till Sept 30; payment without interest under dispute-resolution scheme is extended by 2 months

Rise in auto fuels consumption to absorb cuts in cess, says ICRA

ICRA projects the year-on-year (YoY) growth in the consumption of petrol or motor spirit (MS) and high-speed diesel (HSD) in FY2022 at 14 per cent and 10 per cent

Renewable energy sector in India gets $70 bn investment in 7 years

This assumes significance in view of India's ambitious target of having 175 gigawatts (GW) of renewable energy by 2022.

India's fiscal 2022 GDP growth rate now expected at 9.6%: Ind-Ra

This is lower than an earlier estimate of 10.1 per cent

India's coal-dominated power market is tilting toward solar

NTPC's move also raises questions about the future of the nation's coal fleet

Sitharaman points at investment opportunities in India to US investors

FM Sitharaman discussed opportunities in India for growth and investment on the back of the reform measures taken by government

Odisha directs urban local bodies to spend 25% budget on slum development

The Odisha government directed all urban local bodies (ULBs) to spend 25 percent of their budgetary allocation on the development of slum areas.

Revenue from 5G services to be insignificant for late adopters: Moody's

Countries in the Asia-Pacific region, including India, that are late in adopting 5G technology will get insignificant revenue from the services, Moody's Investors Service said in a report on Thursday

Explained: How sugar sector shrugged off its bitter cyclical nature

Data shows that in the 10-year period from 2010-11 to 2020-21, India's annual sugar production exceeded domestic consumption in all the years, except 2016-17

Air traveller numbers treble from May low as states get into unlock mode

But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day

Domestic cold chain biz struggles to keep up volumes to recover investment

Compared to similar geographies, like Thailand, Malaysia and China, Indian players make just about 1-2 per cent PAT as against 10-15 per cent PAT in these countries

'Toyconomy': PM Narendra Modi asks people to be vocal for local toys

Prime Minister Modi made the remarks after interacting with participants of Toycathon-2021 via video conferencing

India presses OPEC for affordable oil, phasing out of production cuts

As a result, OPEC's share in India's oil imports has dropped to about 60 per cent in May from 74 per cent in the previous month

Covered bond issuances increase to Rs 2,200 cr in FY21: ICRA report

Domestic covered bond issuances have witnessed a sharp increase to about Rs 2,220 crore in FY2021 as against the issuances of Rs 400 crore seen in the preceding fiscal, said a report by ICRA Ratings.

S&P cuts India's FY22 growth forecast to 9.5% from 11% earlier

S&P Global Ratings cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of Covid pandemic

CEA expects food inflation to ease with unlock and good monsoon

Moreover, the Chief Economic Adviser (CEA) asserted that high food inflation has not impacted a large section of population as they are being given free ration under the PMGKY