Page 1410 - Economy & Policy News

Govt should heed to advice of economists, increase spending: Congress

The Congress on Tuesday asked the government to reverse its "disastrous" policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste

Hoping to build consensus on issues of concern at BRICS FMs meet: China

China said that it looks forward to exchanging views, coordinating positions and building up consensus with other members of the five-member bloc on the most urgent issues of common concern

Petrol now costs almost twice as much in Mumbai than New York

Indian fuel prices have soared in the past year as Prime Minister Narendra Modi's administration has repeatedly raised sales taxes

Now, no need to pay RC renewal fees for battery-operated vehicles

The Centre has exempted Battery Operated Vehicles from payment of fees for the purpose of issue or renewal of Registration Certificate and assignment of new registration mark

India must not chase dream of another V-shaped recovery in Covid carnage

Country's current strategy for demand revival is flawed as a second wave of Covid-19 infections has been more hurtful.

India's fuel demand plunges in May amid Covid-19 lockdowns, show data

Daily petrol sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India's fuel demand, fell by 19.9%

Brazil offers global investors unique opportunities, says Jair Bolsonaro

Brazil offers investors around the globe "unique opportunities", thanks to its abundance of resources and strong legal framework, President Jair Bolsonaro said

Moody's Investors Service pegs India's GDP growth at 9.3% in FY22

The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23

SBI revises downwards India's FY22 economic growth forecast to 7.9%

As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India's growth outlook for the current financial year

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

India's average daily electricity use in May fell 10.4% from April

India's average daily electricity use fell 10.4% in May from April, a Reuters analysis of government data showed, as states imposed lockdowns to rein in a second wave of coronavirus infections

Fuel prices continue northward march; petrol and diesel again get costlier

After hitting new highs a day earlier, fuel prices rose once again. Petrol rates crossed Rs 100 a litre mark in several cities across the country

Busted: Fake telephone exchange in Uttar Pradesh duped DoT of Rs 50 crore

The fake telephone server exchange, in the Moradabad district, caused a loss of nearly Rs 7 lakh per day to the DoT by allowing users to make international calls at local rates

Manufacturing PMI drops to 50.8 in May from 55.5 the previous month

The seasonally adjusted Purchasing Managers' Index (PMI) for manufacturing stood at 50.8 in May, down from 55.5 in April

Bangladesh rises to be South Asia's standout star as India, Pak fall behind

Bangladesh's growth rests on three pillars: exports, social progress and fiscal prudence

Asia's factories sustain expansion, supply chain woes cloud outlook

A spike in COVID-19 infections in countries like Taiwan and Vietnam could disrupt semiconductor output and supply chains, posing a headache for manufacturers

KPCC wants Karnataka CM to procure horticulture farmers' produce directly

Karnataka Congress president D K Shivakumar said the government should procure the produce of horticulture farmers directly as the lockdown was forcing them to sell at a pittance

Govt has simplified family pension rules in view of Covid: Jitendra Singh

Union Minister Jitendra Singh said family pension rules had been simplified to make it easier for people amid the hardships presented by the pandemic

Jammu & Kashmir signs MoU with Go Air for transportation of agri produce

The memorandum of understanding has been signed for the transportation of perishable horticulture and agricultural produce to various destinations across the country

Recovery tracker: Signs of increased activity as Covid-19 cases decline

Some indicators have begun to reverse earlier decline