Page 1388 - Economy & Policy News

RBI likely to go against convention on raising funds through bonds

This gives credence to the theory that the central bank may not want to issue a fresh set of 10-year paper in a hurry and would rather continue with the existing security

Govt notifies Rs 18,100 cr-PLI scheme to promote ACC battery making

Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity

Recovery tracker: Workplace visits rise to April-end levels as curbs ease

Retail & recreation visits at nearly 60% of normal times

Rs 6,322-crore steel PLI scheme likely to get Cabinet approval soon

A PLI scheme in specialty steel is expected to boost manufacturing capabilities for value-added steel, increasing exports

Diesel tops Rs 100/litre in Odisha, Rajasthan on the back of global cues

Diesel is expensive in these states as they levy the highest rates of Value Added Tax alongside cesses on auto fuels in the country

5G spectrum auctions: DoT may not ask Trai for base price revision

The 5G auction will include 3,300 MHz to 3,600 MHz bands, along with milimetre waves

Bank credit grows by 5.7% to Rs 108.43 trillion; deposits by 9.7%: RBI

Bank credit grew by 5.74 per cent to Rs 108.43 lakh crore and deposits rose by 9.73 per cent to Rs 153.13 lakh crore in the fortnight ended June 4, 2021, RBI data showed.

Govt eases listing norms for companies having over Rs 1 trn m-cap

Such entities will be required to increase their public shareholding to 10 per cent in two years and raise the same to at least 25 per cent within five years

Transmission charges' waiver for renewable projects extended till 2025

Battery storage, Pump hydro, renewable trading also under exemption

India receives $64 bn FDI in 2020, fifth largest recipient of inflows: UN

India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report

India exporting cereals to newer destinations, says commerce ministry

India has started exporting cereals like rice and wheat to new destinations, including Puerto Rico, Yemen and Poland, with a view to push agricultural shipments, the commerce ministry said

Govt plans to bring stricter e-commerce rules, flash sales may be history

The government plans to revise the e-commerce regulations in the country and bring about stricter norms, wherein the much talked-about flash sales may prohibited.

Over 80% potential customers to buy homes if states cut stamp duty: Survey

Over 80 per cent prospective homebuyers may consider buying a house if stamp duty is lowered by states, according to a survey by realty portal Magicbricks.

Housing prices rise in March quarter, shows RBI data based on transactions

All India Housing Price Index (HPI) increased 2.7 per cent year-on-year in March quarter 2020-21, as per a data released by RBI on Monday.

Power ministry extends timeline for transmission charges waiver for RE

The power ministry on Friday announced the extension of timeline by two years for waiver on inter-state transmission charge for electricity generated from solar and wind sources.

FinMin, Infosys to meet on Tuesday, discuss glitches in new I-T portal

Several stakeholders have submitted written inputs highlighting the issues facing the portal as well as areas that need to be fixed

Recent changes in FAME II scheme to boost demand for e-vehicles: FICCI

Industry chamber FICCI on Monday said the recent changes in the FAME II scheme, including enhanced subsidies for electric two-wheelers, are expected to accelerate demand for electric vehicles

Centre should abandon fiscal targets in the time of crisis: CPI (M)

The CPI(M) on Monday said the government can raise money to pay compensation to the families of Covid-19 victims

Indication of revival in economic activity as states unlock: Survey

With states easing lockdown curbs due to declining number of Covid-19 cases, there are immediate indications of improvement in economic activity

Inflation risk going forward? Even a top economist says it's complicated

Two months of sharply rising prices have raised concerns that record-high government financial aid and the Federal Reserve's ultra-low interest rate policies have elevated the risk of inflation