Page 1421 - Economy & Policy News

Exporters' profit margins under pressure even as demand picks up

Merchandise exports nearly trebled in April to $30.63 billion over the same period last year

SII, Bharat Biotech to get bulk of Rs 15K-crore profit pool: Report

At present, SII sells its vaccine Covishield to the Centre for Rs 150 per dose, to state governments for Rs 300 and to private hospitals for Rs 600.

NPS subscriber base increases in April despite second Covid-19 wave

NPS subscribers grew 23.33 per cent to about 42.7 million by the end of April, from 34.6 million a year ago, and 42.4 million in March this year, according to PFRDA

April headline numbers deceptive; economy in trough, says ICRA report

Uptick in headline numbers of key economic indicators in April is due to the base effect: ICRA

Govt's fiscal deficit likely to be around 9% in FY21, say experts

Data to be released by month-end; FY22 gap may widen to 7.15% against BE of 6.8%, say experts

CBI books IFFCO CEO Awasthi in corruption case, conducts searches

Conducts search operation at 12 premises in Delhi, Mumbai and Gurugram

Second wave of Covid-19: Consider second loan recast, PSBs tell RBI

Want lower provisioning for restructuring than last year

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

Restaurateurs' SoS to property owners on rent waiver as Covid hits biz

Proposes revenue-sharing model for deliveries, limited-hour dine-ins; wants guaranteed rent clause upon lifting of lockdowns to go

Govt raises subsidy on DAP fertiliser by 140% to Rs 1,200 per bag

With the increase in subsidy in DAP, Government of India will spend an additional Rs 14,775 crore as subsidy in Kharif season

Four-fifths of income losses during 1st wave incurred by pvt sector: Report

Almost 80% of all income losses during the first wave of the pandemic in 2020 were incurred by the private sector in India, while in many other countries the entire loss was on respective governments

AIMIM MP Imtiaz Jaleel seeks slash in fertiliser prices; writes to Tomar

Lok Sabha member and AIMIM leader Imtiaz Jaleel on Wednesday wrote a letter to Union Agriculture Minister Narendra Singh Tomar, demanding that the prices of fertilisers be slashed.

Terrorism reminder why radical epicentres must not be allowed: EAM to UNSC

India said on Wednesday that problems of terrorism and instability are a reminder to the UNSC why epicentres of radicalisation must not be allowed to operate with impunity.

Income Tax department issues Rs 24,792 cr refunds so far this fiscal

The Income Tax department on Wednesday said it has issued over Rs 24,792 crore refunds to more than 15 lakh taxpayers so far this fiscal.

What did FCI do differently this season to push wheat procurement?

Experts point to three major initiatives that led to a bumper purchase and laid the foundation for deeper and more structural reforms in the annual grain procurement process

Covid-19 second wave induced sequential slackening a concern: ICRA

Sequential growth slackening driven by the second wave of Covid-19 in India has emerged as a concern, ratings agency ICRA said.

2nd Covid wave delays AI, BPCL divestment timelines by a few months: Report

Worst outbreak of pandemic in India disrupted the timetable of scheduled activities, but the process may get back on track from Sept, say sources with direct knowledge of govt's privatisation plan

Microfinancing lessons from a mandi that govt-run Mudra seems to have lost

MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga

Second Covid-19 wave: Relief measures for poor, women SHGs on the cards

Govt exploring moratorium for street vendors, loans to self-help groups

Centre releases Rs 8,923.8 cr to 25 states for grant to rural local bodies

The Union Finance Ministry, on the recommendation of the Panchayati Raj Ministry, released Rs 8,923.8 crore to 25 states for providing grant to rural local bodies.