Page 1390 - Economy & Policy News

India's roadside restaurateurs count cost of coronavirus pandemic

Given low vaccination rates, experts are already warning of a third wave later this year.

IMF proposes setting up of an international carbon price floor

The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

Real GDP growth likely to be 8.7% in FY22: Motilal Oswal Financial Services

Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier

Policy flip flops, discoms hinder progress in solar rooftop projects

According to the industry data, close to 75 per cent of rooftop installations comes from the commercial and industrial segment

India and US launch a hydrogen task force in clean energy push

India-US strategic partnership was revamped after Biden administration took charge

Explained: How foreign portfolio investors view the 'India story'

The IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors than financial and energy companies

MFIs in Assam, borrowers set to get major relief as govt steps in

According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans

MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven

Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings

UN Special Rapporteurs write to govt against IT Rules, ask for review

They say the IT Rules seem to be at variance with international law and standards on privacy rights and freedom of opinion and expression, to which India is a signatory

Govt ready to talk to farmers but not on repeal of laws, says Tomar

Union Agriculture Minister Narendra Singh Tomar on Friday said the government was ready to talk to the agitating farmers "even if they come at midnight", but not about their demand to repeal the three new laws which are the bone of contention.

RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain

"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar

Tremendous potential for proliferation of Wi-Fi hotspots in India: Trai

The PM WANI initiative can result in a massive scale-up of the internet in rural areas, which will be transformative, Trai Chairman said

RBI has taken steps to smoothen impact of Covid wave: Deputy Governor Jain

Asserting that the second wave of COVID-19 has posed some challenges, RBI Deputy Governor M K Jain on Friday said both the central bank and the government have taken steps to mitigate its impact.

MPC: Support from all sides needed to nurture economic recovery, says Das

RBI governor said pace of vaccination and the speed with which the second Covid wave can be brought under control will have considerable bearing on the inflation trajectory, show MPC minutes

Need to be watchful on inflation even as we prioritise growth: MPC minutes

Focus on revival and sustenance of growth is the most desirable policy option while of course remaining watchful of the inflation trajectory, governor Shaktikanta Das said

General insurance industry to grow at 7-9% in fiscal 2022, says ICRA

The growth in FY20 was strong for both PSU and private sector players which increased market share in FY21.

Capex pace, receivables to drive ratings of Indian renewable holdcos: Fitch

Capex intensity and the pace of receivables collection from distribution companies will dictate ratings trajectory for Greenko Energy Holdings and ReNew Power, Fitch Ratings has said in a new report

Sovereign bonds in India signal growing doubts on RBI's easy policy stance

The inflation shock is adding to uncertainty on whether the central bank would stick to its pledge of keeping policy accommodative to support growth after economy was battered by a deadly Covid wave

With low water requirement, two rice varieties find fresh takers in Punjab

PR-121 and PR-126 encourage growers with short duration of harvest and low water requirement

Indian UHNIs to invest up to $30 bn in tech startups by 2025: Report

The report titled, 'Turning Ideas to Gold', also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period.