Page 1415 - Economy & Policy News

Covid second wave triggers raft of growth forecast revisions: RBI report

RBI said Covid-19 pandemic has triggered revision of growth projections for the current financial year with consensus gravitating towards its earlier forecast of 10.5 per cent

Economy not as hard hit as 1st wave, uncertainties remain: RBI Report

India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday

Analysts see RBI remain accommodative, hold rates in June 4 policy review

In April, the six-member monetary policy committee had voted unanimously for a status quo on the key rates

Indian govt exceeded powers with encryption-breaking rule: WhatsApp filing

A rule drafted by the IT ministry will lead to a 'dangerous invasion of privacy' and was 'unconstitutional', says company in lawsuit.

India's economic activity slows down in April as states impose lockdowns

Activity in India's dominant services sector moderated for a second straight month in April.

GST revenue shortfall: Centre may have to borrow Rs 1.58 trillion

Shortfall estimated at Rs 2.7 trn; Rs 1.1 trn may be met via cess collection

DSF-III likely to see more oil and gas discoveries, fewer new players

It is expected that the third round of DSF auctions will have 32 contract areas on offer for bids spread across 75 fields

NHAI to offer 32 projects in next round of toll-operate-transfer bids

The authority has so far generated over Rs 17,000 crore through the TOT model

Economic impact of Covid-19 is huge, world won't be the same: PM Modi

Remarks come in the backdrop of rating agencies revising growth forecasts as the second wave has impacted economic recovery and increases the risk of long-term scarring

Footwear, readymade garments likely to attract higher rates of GST

The fitment committee, which recommends rate changes to the Council, has proposed increasing the rate on footwear (less than Rs 1,000), readymade garments, and fabrics to 12% from 5% now

Premiums for staff insurance may rise amid second wave of Covid-19

Insurers say the second wave impact is more than first as normal claims and Covid ones are running parallel this time

Right to privacy is not absolute, says govt on WhatsApp's lawsuit

Statement after social media firm moves HC on new rules

Report status on IT rules 'preferably today': Govt tells social media firms

MeitY asks all social media intermediaries compliance details over 'the Information Technology (Intermediary Guidelines and Digital Ethics Code) Rules, 2021'

Explained: How Delhi's foodgrain scheme is working on the ground

Registration and distribution bottlenecks put question marks on implementation

PM Modi, French Prez discuss positive outcomes of India-EU Leaders' meet

Prime Minister Narendra Modi and French President Emmanuel Macron spoke over phone on Wednesday and discussed the positive outcomes of the recently concluded India-EU Leaders' Meeting.

The pluses and the potential pain points for farmers in the upcoming season

While the govt has moved fast on cash support and hike in fertiliser subsidy, the spike in rural Covid cases and tapering yields could hurt

Indian mills sign sugar export deals without government subsidy

Mills have so far contracted around 5.8 million tonnes of sugar out of the export allocation of 6 million tonnes

Hotel industry body makes a plea to PM Modi for relief from pandemic

The top association in the sector outlines a five-point relief package

Govt may announce stimulus when Covid unlock phase commences: Report

'We believe that irrespective of the ability to spend, there will be another stimulus announced by the government when the unlock phase commences,' says brokerage Bernstein

PFRDA AUM crosses Rs 6 trillion-mark, last trillion coming in seven months

NPS subscriber numbers have swelled over the years with 7.41 mn govt employees and 2.84 mn joining from non-govt