Page 1395 - Economy & Policy News

Cabinet meet to include works contract under Govt e-Marketplace soon

Sahay initiative will enable small businesses on the portal get loans instantly against orders

Financial wealth in India jumps 11% in pandemic year to $3.4 trn: Report

The 11 per cent growth in financial wealth was at par with the compounded annual growth rate for the five years to 2020, the report by BCG said

Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn

On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019

Income-tax portal 2.0 likely to allow payments by UPI, credit cards

More pvt lenders set to be given authorisation for providing services

Use of FCI rice for ethanol making only an interim measure: Centre

Will achieve 8-8.5 per cent blending with petrol this year, says food secretary Sudhanshu Pandey

Deregulation of rates for NBFC-MFIs may lead to expansion of market

The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.

Finance ministry to meet Infosys team to discuss IT e-filing glitches

Finance ministry officials will meet representatives of Infosys on June 22 to discuss issues and glitches in the new income tax e-filing portal

Rising commodity prices risk raising costs for India's infra plans

Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways

DPIIT notifies 74% FDI cap in insurance sector under automatic route

The DPIIT has notified the government's decision to increase the foreign direct investment (FDI) limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier

Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%

The weighted average cost of borrowing for the states has fallen by 20 bps over the past week to 6.75 per cent at the latest auctions.

Tax portal glitches: FinMin to hold a meeting with Infosys on June 22

After the much publicised e-filing portal went live on June 7, many IT filers faced technical hiccups

EAM Jaishankar, FM Sitharaman to headline UK's India Global Forum

India Global Forum, organised from London as a hybrid event between June 29 and July 1, will bring together a range of worldwide experts

India's May trade deficit widens to $6.28 billion as imports rise 73%: Govt

India's exports rose by 69.35 per cent to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery

'Inflation spike in May might cause RBI to revisit focus on growth risks'

This is based on commentary from global forecasting firm Oxford Economics

Indians created 19 online accounts on avg during Covid-19: IBM Research

The global survey asked 22,000 people in 22 markets about their online behaviour, and was conducted by Morning Consult on behalf of IBM Security

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

Explained: Why is India losing sleep over record high vegetable oil prices?

The government is considering reducing taxes on vegetable oil imports after cooking oil prices hit record highs last month

RBI to focus on growth even as inflation breaches tolerance band: Report

The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%

Retail sales decline 79% in May over pre-Covid levels in 2019: Report

Businesses across states were closed due to the second wave of the pandemic, as per a survey by Retailers Association of India (RAI)

India's jobless rate slides 8.7% in signs economy is turning around

Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.