Page 1405 - Economy & Policy News

May retail inflation likely rebounded to 5.3% on higher food prices: Poll

Higher international prices for commodities including crude, edible oils and gold are clearly spilling over into consumer inflation, says an economist

Union Cabinet approves increase in MSP for kharif crops for 2021-22

Govt hikes paddy MSP by Rs 72 to Rs 1,940 per quintal for 2021-22 crop year from Rs 1,868 per quintal last year

India loses 5-7% of GDP due to corrosion: International Zinc Association

The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage.

CHATT: New association announced, will help tourism, hospitality with tech

CHATT will help smaller companies in digital growth and training, say its members.

Centre releases revenue deficit grant of Rs 9,871 crore to 17 states

This is the third monthly instalment of the grant

Exports up 52.39% to $7.71 bn during June 1-7 on healthy shipments growth

India's exports grew by 52.39% to USD 7.71 billion during first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products

India's apparel industry expects robust external demand to drive growth

According to him, there is a pent-up demand for textiles and apparel, which was tepid a year ago owing to Covid-induced lockdowns

NARCL headhunting for core team begins ahead of launch in July

Invites quotes from Aon to help it in the hiring process

Price of crude oil moving above $70 per barrel a concern: Analysts

Analysts assess current global demand for crude oil at 94 million barrels per day, around 6 mbpd lower than pre-pandemic levels.

NHAI to begin next round of road monetisation after completing surveys

The authority has generated over Rs 17,000 cr through the TOT model so far. For the most recent 5th bundle of TOT actions, NHAI got bids of over Rs 600 cr more than the reserve price

Covid impact: World Bank slashes India's FY22 GDP growth forecast to 8.3%

The Washington-based global lender noted that in India, an enormous second Covid-19 wave is undermining the sharper-than-expected rebound

Covid-19 vaccine policy change likely to resolve GST rate cut demand

The private procurement of 25 per cent of vaccines would require a payment of 5 per cent GST

Passenger footfalls have doubled from a month ago: Railway Board chief

Spike in demand over two months likely to sustain for next two months; Railways trying to meet surge with clone trains

Hit by Covid-19 pandemic, textile NPAs rose to 16.9% in December

According to the CRIF report, the total amount of credit availed by the sector as of December 2020 stood at Rs 1.62 trillion

Second wave impact: Auto debit payment bounce rate increases further in May

The unsuccessful auto-debit requests through the NACH platform are generally referred to as bounce rates

RBI asks banks not to destroy CCTV recordings of demonetisation period

Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice

BS Number Wise: Cash is king, once again. Should you be worried?

A BS analysis shows that a crisis leads to a higher demand for money, which is complemented by an increase in currency in circulation

Govt to start family pension of employees died due to Covid: Jitendra Singh

All central government secretaries have been asked to monitor cases of in-service death of employees due to COVID-19 and ensure the start of family pension within a month

Pvt cos may issue e-invoice: Fintech see scope in data, access to biz users

While e-invoicing alone may not generate high revenues, the key lies in the way fintechs leverage the data of enterprises to offer other products such as credit or supply chain finance

World Bank boosts growth forecasts as US stimulus, vaccines stoke demand

Emerging markets excluding China are expected to grow 4.4% in 2021