Page 1397 - Economy & Policy News

Finmin asks ministries to work out govt guarantee plan for FY'22

The finance ministry has asked all ministries and departments to assess the government guarantee requirement for the current fiscal and submit a prioritised list.

Mauritius, Cayman Islands funds under watch for ownership info gaps

There are concerns that a number of such funds could have a high non-resident Indian (NRI) holding and be used by Indian promoters for round-tripping and manipulating share prices

RBI proposes to lift interest rate cap on microfinance institutions

Proposes debt-income cap; common rules for all micro-loan lenders

'GST laws vague on export of exempted goods through third party'

The current Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 does not have such an exemption.

Monsoon covers almost two-thirds of India 15 days in advance: IMD

A quick progress of the south-west monsoon should spur planting of kharif crops such as paddy, soybean, pulses, and cotton, and thus boost their yields.

Procedural delay likely to hit Shipping Corporation privatisation process

The Shipping Corporation was asked to draft the SPA and insert clauses based on the response received in road shows

Tata Capital expects over 10% growth in credit this financial year

During FY21, its loan book stood at Rs 77,219 crore, compared to Rs 77,610 crore in March 2020.

Recovery tracker: More signs of recovery as Covid-19 cases decline

There has also been an increase in traffic congestion, which is tracked by global location technology firm TomTom International

Insurers receive 790,136 Covid-related claims in two months, shows data

As of June 11, more than 1.8 million claims have been reported to the insurers amounting to Rs 24,397.35 crore

Recruitment for Covaxin trial in 6-12 age group to start from June 15

The recruitment for the clinical trial of the country's first indigenously-developed COVID-19 vaccine, Covaxin, among children in the age group of 6-12 years will begin at the AIIMS here from Tuesday.

GST Council becoming authoritarian and majoritarian: Bengal FM Amit Mitra

Mitra said that the GST Council was the only federalist institution, but in the last few years, an omnipotent, authoritarian and majoritarian approach was creeping into the GST Council.

Wholesale inflation soars to 12.94% in May on fuel price surge, low base

According to data released by commerce and industry ministry, fuel and power inflation stood at 37.61% led by higher petrol and diesel prices

Retail inflation jumps to 6-month high of 6.3% on higher food, fuel prices

Breaches RBI's comfort level in May on the back of costlier food items

High inflation due to daily rise in fuel prices, says Chidambaram

His comments came on a day when retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items.

May retail inflation at 6-month high of 6.3% on higher food, fuel prices

Inflation, based on Consumer Price Index (CPI), has breached the Reserve Bank of India's (RBI) target range after five months.

GST Council has turned majoritarian, decisions not by consensus: Amit Mitra

Decisions were no longer taken on the basis of a consensus as originally envisaged: Mitra

Covid second wave to result in 25% reduced cement offtake in Q1FY22: ICRA

With most states imposing lockdowns due to the spread of Covid-19 infections to rural regions,

India May palm oil imports nearly doubles, soyoil jumps - trade body

India's sunflower oil imports rose 31% to 175,759 tonnes in May, it added.

India's live commerce industry to reach $4-5 billion by 2025: report

This is being driven by beauty and personal care areas

WPI inflation hits record high of 12.94% in May on costlier fuel

The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods