Page 1391 - Economy & Policy News

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.

Govt amends Cable TV Network Rules for redressal of broadcast complaints

The Centre has amended the Cable Television Network Rules to provide for a three-layer statutory mechanism for the redressal of complaints relating to content broadcast by television channels.

Govt proposes one-year retention for Air India staff after privatisation

Draft RFP sets a precedent for all state-owned firms on the block

FPIs in a bind over higher tax on interest income from REIT investments

If an REIT distributes interest income received from SPV, it is taxable as 'interest income' in the hands of the unit holder at 20% plus surcharge and education cess

Andhra Pradesh High Court quashes state's 6.4-Gw solar project tender

Adani Green Energy in February won five mega solar power projects of 600 megawatt each under the tender

Covid-19 pandemic: Consumers unwilling to visit malls, says survey

The survey was conducted in 314 districts and had 34,000 responses

Economy likely shrunk 12% in June quarter amid Covid-19 crisis: UBS

The economy had its worst contraction on record in FY21 at 7.3 per cent as the 2.5 months of unplanned lockdown announced by the Centre

Govt should provide Rs 3-trn stimulus to perk up domestic demand: CII

Industry body also seeks expansion of RBI balance sheet to meet demand exigencies, suggests ways to accelerate Covid vaccination

India maintains 43rd rank on IMD's World Competitiveness Index

The 64-nation list was led by Switzerland

Cost vs combat edge: Future of IAF's Jaguar fleet is hanging in the balance

If plan does not work out, IAF's 110-odd Jaguar fighters will start retiring by 2024

BEML privatisation: Panel to meet on Friday to finalise sale process

The government will sell 26 per cent out of the total 54.03% stake it holds in the company along with transfer of management control.

Rupee downward slide expected after hawkish Fed stand, say experts

The rupee has been under depreciation pressure in the recent past

Reserve Bank of India focuses on the 10-year bonds in G-SAP again

The RBI mopped up a record Rs 26,779 cr of the 10-year bond in pre-announced secondary market operation

Domestic air traffic plunges 63% MoM in May due to second wave: DGCA

The drop in domestic air traffic in May was due to the second wave of the Covid-19 pandemic that had badly hit the country and its aviation sector

Despite hit to consumption, TV advertising grows in second wave: ASCI

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Delhi's tax collection falls, spending up in first two months of 2021-22

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Inflation impact on sovereigns depends on real interest rates: Fitch

Higher levels of global government debt as a result of the coronavirus pandemic have made sovereign creditworthiness increasingly sensitive to interest rate changes.

RBI 'cautiously optimistic' about economic recovery after Covid second wave

Second Covid wave shaved off Rs 2 trn from FY22 output, says central bank in 'State of the Economy' report in its June bulletin

CII pitches for Rs 3 trillion fiscal stimulus to push economic growth

CII President T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22