Page 1414 - Economy & Policy News

RBI restricting 10-year liquidity to better manage yields: Experts

In declared secondary market operations, through G-SAP or OMOs, the RBI has purchased Rs 41,451 crore of the 10-year paper, out of the outstanding stock of Rs 91,270 crore

Amid Covid second wave, 43rd GST Council meet begins via video conference

The 43rd meeting of the GST Council, the first this year in the midst of the second wave of Covid pandemic, begun on Friday morning through video conferencing

Despite Covid, India-Singapore trade likely to be around $21 bn in 2020-21

Notwithstanding the Covid-19 pandemic, trade between India and Singapore is likely to touch $21 billion in financial year 2020-21, India's High Commissioner to Singapore P Kumaran has said

First-time buyers, many of them on rent, drive home sales in NCR market

Mumbai residents search for larger units; end-users corner 90 per cent of overall homes sales

Priyanka Gandhi demands removal of GST from Covid-related drugs, equipment

Ahead of the 43rd GST Council meeting, the Congress leader demanded that the Centre remove GST from all life-saving medicines and equipment being used in the fight against the pandemic

Govt considering FDI policy tweak to facilitate privatisation of BPCL

The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd

NSE's Nifty50 index hits record high ahead of crucial GST Council meeting

Financials and materials stocks gained ahead of the 43rd GST Council meet to be chaired Finance Minister Nirmala Sitharaman later in the day

FM Nirmala Sitharaman to chair 43rd meeting of the GST Council today

The minister is scheduled to chair the meeting through video conferencing on Friday

Covid toll on Indian economy deepens, jobs crisis to worsen: Reuters poll

Renewed restrictions have stalled economic activity, leaving many millions out of work and pushing economists to downgrade their views for the second time since early April

Indian states' fisc to depend on Covid infections, vaccinations: Icra

The rating agency has said that there may be a considerable variation across states depending on the impact of the Covid-19 infections, restrictions and vaccinations

RBI says economic cost of second Covid-19 wave may be limited to Q1

Government must now step up expenditure to boost demand for private investment and consumption, said RBI

High level of taxation widens divergence in diesel inflation in WPI, CPI

Diesel retail prices are back to more than Rs 80 a litre in the national capital throughout this month and remain on an upward trajectory

RBI's forex gains enabled it to give Rs 1-trillion dividend to govt

An accounting change enabled the central bank to book gains from the sale of foreign currency against the historical weighted-average holding cost.

Domestic electronics sector set to grow 12-17% in FY22: CRISIL SME Tracker

As the economy recovers, so should discretionary spending, which again will be salutary.

Expect complete recovery in residential realty only in 2024: Crisil

Better affordability, sustained WFH will spike demand in top six cities this fiscal. But Mumbai and Pune may see contraction due to the higher base of last fiscal

Centre and states should share cost of stranded assets: Forum of Regulators

Railway freight, coal pricing should come under independent regulator

Insurance companies seek early implementation of IFRS from govt

Currently, India follows the old solvency standards where insurers have to hold a percentage of reserve as capital.

GST Council likely to exempt govt depts, local authorities from e-invoicing

The Council is meeting today to discuss issues such as rates on Covid-related supplies

IT Rules: Legal experts weigh in on reasonable curbs to Right to Privacy

Say the new rules do not pass the test of proportionality to justify breaching a user's privacy

Stop beating around the bush, comply with laws of the land: Govt to Twitter

Twitter needs to stop beating around the bush and comply with the laws of the land, says Ministry of Electronics and IT