Page 1420 - Economy & Policy News

NHAI's Infrastructure Investment Trust set to be launched next month

The initial set of roads to be offered via the InvIT are part of national corridors, providing long-term prospects

India engaged with US entities for procurement of Covid-19 vaccines: MEA

India is engaged with American entities for procurement of Covid vaccines from the US and their possible manufacturing in the country subsequently, the Ministry of External Affairs said on Thursday.

Indian market demand for displays seen at $60 bn in 5 yrs: Report

Indian market demand for 'displays' over the next five years is projected to be cumulative USD 60 billion between 2021 and 2025

CCI should help free market thrive and ensure legit claims are heard: FM

Urges antitrust watchdog to evolve with the speed, scale and visionary look needed for the economy to thrive and for fair genuine market practices to flourish

Govt cuts subsidy on sugar exports to Rs 4K per tonne on high global prices

The Centre slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices

Govt aims to bring additional 637,000 hectare under oilseeds this season

The Centre on Thursday said it has chalked out a multi-pronged strategy to bring in additional 6.37 lakh hectare area under oilseeds in the forthcoming kharif (summer) season beginning July this year.

Delivered 12,630 tonnes of O2 in over 775 tankers to 13 states: Railways

The railways has delivered nearly 12,630 tonnes of liquid medical oxygen in more than 775 tankers to 13 states across the country, the national transporter said on Thursday.

EPFO net new enrolments marginally decline to 1.12 million in March

Net new enrolments with retirement fund body EPFO declined marginally to 11.22 lakh in March from 11.28 lakh in February this year, according to payroll data released on Thursday.

MSRTC's freight service earns revenue of Rs 56 crore in first year

While its passenger service was impacted by coronavirus-induced restrictions, the MSRTC has earned a revenue of Rs 56 crore from its freight service in the first year.

CCI seeing concession agreements in infra, public service delivery sector

Fair trade watchdog CCI is assessing model concession agreements in infrastructure and public service delivery segments to mitigate possible competition issues.

Icra downgrades growth peg of various auto segments due to second wave

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

Govt extends FY21 ITR filing deadline for individuals till September 30

The government on Thursday extended the due date of filing income tax returns for 2020-21 for individuals by two months till September 30.

Govt to bring additional 637,000 hectare under oilseeds in kharif season

The Centre on Thursday said it has chalked out a multi-pronged strategy to bring in additional 6.37 lakh hectare area under oilseeds in the forthcoming kharif (summer) season beginning July this year.

Retail inflation for farm, rural workers eases marginally in April

Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items

Tea industry faces crop loss for second year in a row on poor rainfall

Industry says crop loss is irreversible as first flush is gone, second is partially impacted

Rethink policy on door-to-door Covid vaccination: Bombay HC to Centre

Bombay High Court said it was disheartened and disappointed with the Centre's insensitivity and with the Mumbai civic body for not starting door-to-door Covid-19 vaccination

Credit Suisse cuts nominal growth forecast over covid second wave

Citing the impact of the second wave of the pandemic over the economy and consumer sentiment, Swiss brokerage Credit Suisse has lowered its nominal GDP growth forecast by 150-300 bps

Second coronavirus wave dents auto sector's recovery momentum: Icra

The second wave of Covid-19 has dented the recovery momentum of automobile sector's Original Equipment Manufacturers (OEMs) and auto-ancillaries, says ratings agency Icra

High demand from domestic travelers makes Goa fastest recovering market

India's hospitality industry witnessed a decline of 38.7% in revenue per available room (RevPAR) during Q1 2021 as compared to Q1 2020

Andhra Pradesh govt presents Rs 2.29 trillion budget for FY 2021-22

Andhra Pradesh government presented its annual budget for the financial year 2021-22 with an estimated expenditure of Rs 2.29 trillion and estimated revenue of Rs 1.77 trillion