Page 1412 - Economy & Policy News

RBI's status quo policy may revolve around Covid-19 pandemic measures

RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Govt expands credit lifeline for MSMEs amid second wave of Covid-19

Scheme removes the ceiling of outstanding loans of Rs 500 crore, keeps government's guarantee cover of Rs 3 trillion.

Covid-19: Govt announces additional benefits under EPFO, ESIC schemes

The Ministry of Labour and Employment on Sunday announced additional benefits for workers through social securities schemes run by the EPFO and the ESIC amid the Covid-19 pandemic

Next oil reserves plan by Sept, to see Rs 14K-crore investment: ISPRL

Request for proposal document awaiting Centre's nod

GST compensation: Oppn-ruled states claim Rs 55,000-cr underestimation

They have also sought an additional compensation of Rs 65,000 crore for FY21

Govt may lift restrictions on oxygen use for some industries in 2-3 days

The government is likely to lift restrictions on the use of liquid oxygen for some priority industries in the next 2-3 days as demand for medical oxygen has come down

All eyes on GoM call on taxing Covid items

Under the GST laws, hundreds of mass consumption items and essential services are exempted fully or attract a lower rate of tax than the standard rate of 18%

Stimulus package should be broad-based, like Budget: NITI Aayog chief

In a Q&A, Amitabh Kant says the package should aim to lift growth instead of picking specific sectors for assistance

Monsoon likely to be delayed by 2 days, may hit Kerala by June 3: IMD

Skymet disagrees, says monsoon already arrived today

GST meet: Goa minister demands apology from Tamil Nadu counterpart

Goa Transport Minister Mauvin Godinho has said he and TN Finance Minister Palanivel Thiagarajan had clashed on the issue of compensation to states during the 43rd GST Council meeting held on May 28

RBI's new norms to help enhance audit quality, transparency: Experts

The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as transparency, apart from adding to the value to the businesses rather than wasting resources

Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy

Saudi Arabia, the world's largest oil exporter, on Sunday said it is committed to meet India's requirements of petroleum products

Industry hails relief for GST non-filers, demands no tax on health services

Ficci President Uday Shankar said a quick decision on GST rates on Covid related essentials will help us attain self-sufficiency in this need of the hour.

ECLGS in aviation: Industry player says decision to ease liquidity pressure

Govt announced extending the Emergency Credit Line Guarantee Scheme to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment

Modi govt changed farmers' lives, ensured affordable healthcare: Javadekar

Information and Broadcasting (I&B) Minister Prakash Javadekar on Sunday said the Narendra Modi government has changed the lives of millions of farmers with landmark decisions and reforms

FDI in computer software, hardware jumps threefold to $26.14 bn: DPIIT data

Foreign direct investment in computer software and hardware jumped over threefold to $26.14 billion during 2020-21 on account of significant growth in the country's technology space

Monsoon onset over Kerala to be delayed; likely to hit state by June 3: IMD

The arrival of monsoon over Kerala is likely to delayed by two days and it is now expected to make an onset over the state by June 3, the India Meteorological Department (IMD) said on Sunday

'GST compensation amount should be higher than Rs 1.58 trillion in FY22'

The compensation amount promised by the Centre is estimated to be higher than the Rs 1.58 trillion projected by the Centre, say three opposition-ruled states

RBI likely to retain benchmark interest rate on Friday, feel experts

Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts