Page 1417 - Economy & Policy News

Punjab FM writes to Sitharaman, says agenda for GST Council meeting mundane

Ahead of the GST Council meeting, Congress leader and Punjab Finance Minister Manpreet Badal has written to Finance Minister Nirmala Sitharaman

Many states are seeing a steep fall in cost of their debt, finally

Large borrowing states not coming to the market or drawing down less than indicated amounts

India's GDP to grow at better-than-expected rate of 1.3% in Q4: SBI report

The estimate in SBI report compares with NSO (National Statistical Office) projection of a negative (-) 1 per cent

Barclays pegs India's FY22 GDP growth at 7.7% in bear-case scenario

Our pessimistic tail-risk scenario assumes another wave of infections and a two-month period of restrictions that disrupt economic activity, Barclays said

Barclays cuts India's FY22 GDP estimate to 9.2% on second wave impact

A British brokerage on Tuesday cut India's FY22 GDP growth estimate by a sharp 0.80 per cent to 9.2 per cent, saying the economic impact of the second wave of infections has been deeper than expected

India opening legal service to UK lawyers: Introspecting a roadmap for 2030

Extensive stakeholder consultation and pragmatic measures to assuage the concern of Indian lawyers are necessary before changes are affected

Asian central banks can do little as Covid cases surge, recovery falters

In Asia as Covid-19 cases are surging and slow pace of vaccinations, relegating central banks to a supporting role as interest rates already low, policies will center on more government borrowing.

India attracts record FDI of $81 bn in FY21; Gujarat remains top recipient

Despite Covid shock, equity inflow grows 19%; Gujarat remains top recipient

Recovery tracker: Power generation lower than during May 2020 lockdown

This week power generation fell below the last year level indicating continued deceleration in economic activity from the lock­down

GST Council meet on Friday; pvt fintech firms set to enter e-invoicing zone

GST Council may green-light entry given disappointing progress

Markets underestimating oil demand; see Brent at $80: Goldman Sachs

International travel, according to Goldman Sachs is another key factor that is likely to trigger a demand rise, which in turn will keep oil prices elevated

Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21

Domestic ratings agency Icra on Monday forecast a 2 per cent GDP growth in the fourth quarter of 2020-21, and a 7.3 per cent contraction for the full fiscal year

MeitY formulates policy paper on circular economy to deal with e-waste

Centre has formed 11 committees, each led by a ministry, to prepare action plans for transitioning from a linear to a circular economy in their respective focus areas

PMUY scheme to disburse 10 mn more LPG connections might begin by June

Covid-19 related protocols delayed launch of second leg of scheme

Mix of fiscal, monetary policies to mitigate economic downturn: RBI study

RBI study saying demand side channel needs to be complemented with a conducive monetary transmission mechanism from the supply side.

Microfinance sector stares at sequentially challenging year: India Ratings

Collections in May could see shortfall of 10-15%; credit costs may escalate in FY22

Edible oil industry cautions against import duty cut to cool down prices

Says move ahead of planting season could have negative impact on growers

Second wave of Covid-19 may delay recovery in air passenger traffic: Report

The second wave of the coronavirus pandemic is likely to delay recovery in air passenger traffic with an 80-85 per cent growth year-on-year this fiscal against the earlier estimate of 130-135 per cent

India, Israel sign 3-year work programme for cooperation in agri: Tomar

India and Israel have signed a three-year joint work programme till 2023

Foreign direct investment jumps 19% to $59.64 bn in 2020-21: Govt data

This comes on account of measures taken by the government on the fronts of policy reforms, investment facilitation and ease of doing business: Govt