Page 1422 - Economy & Policy News
Covid-related imports not exempt from IGST if payment made: Expert
GST will be payable whether you buy from a party abroad or from a local supplier
 "Covid-related imports not exempt from IGST if payment made: Expert")
Scotland seeks to ramp up trade and investment ties with India
Scottish exports to India today are modest. In 2018, goods and services accounted for £295 million or just 0.9 per cent of Scotland's international exports
 "Scotland seeks to ramp up trade and investment ties with India")
Rupee slips below 73 against dollar in intraday trade, corrects back
This is because of absence of RBI in the spot market: Experts
 "Rupee slips below 73 against dollar in intraday trade, corrects back")
Life insurers get tough on risk assessment as second Covid-19 wave bites
Impose 'postponement period' for recovered Covid patients, tighten underwriting standards
 "Life insurers get tough on risk assessment as second Covid-19 wave bites")
Economy will do well once vaccination reaches critical mass: Ashima Goyal
India's economy will do well once vaccination reaches a critical mass as pent up demand, global recovery and easy financial conditions will boost activities, RBI's Monetary Policy Committee (MPC) member Ashima Goyal said on Tuesday.
 "Economy will do well once vaccination reaches critical mass: Ashima Goyal")
Consumption hit from second Covid wave seen denting Indian economy
The economic drag from the pandemic in the current quarter will be dominated by demand destruction or deferment of expenditures, said QuantEco Research economist Yuvika Singhal
 "Consumption hit from second Covid wave seen denting Indian economy")
Reaching consensus on Covid-19 vax patent waiver may take time: Experts
Developed nations opposed the proposal, though it received the support of three-fourths of member nations
 "Reaching consensus on Covid-19 vax patent waiver may take time: Experts")
Haryana first state to reimburse GST on Covid-related donations
Reimbursement will be available only in cases where Covid-19 related material is donated free of cost to the government of Haryana, state-run hospitals, or any hospitals or institutions
 "Haryana first state to reimburse GST on Covid-related donations")
New highways to have advanced traffic mgt system: NHAI member
To improve road safety, all new national highways will have an Advanced Traffic Management System (ATMS), a member of National Highway Authority of India said on Tuesday.
 "New highways to have advanced traffic mgt system: NHAI member")
Tractor sales volume growth to be at 3-5% in current financial year: Crisil
Growth in the domestic tractor sales volume is likely to be at 3-5 per cent this fiscal, given the strong second wave of COVID-19 and rising cases in the hinterland, rating agency Crisil said.
 "Tractor sales volume growth to be at 3-5% in current financial year: Crisil")
India grapples with LNG oversupply as coronavirus dashes demand
At least three companies have asked to delay shipments slated for May and June delivery, according to traders with knowledge of the matter
 "India grapples with LNG oversupply as coronavirus dashes demand")
2nd tranche of commercial coal mines auction gets tremendous response: Govt
Centre said the second tranche of commercial coal mines' auction has received a tremendous response which is reflected in around 50 mine specific tender documents being purchased by bidders till date
 "2nd tranche of commercial coal mines auction gets tremendous response: Govt")
Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC
The IT and Business Services market in the country recorded a lower year-on-year growth of 5.41 per cent to $13.41 billion in 2020 due to the impact of the Covid-19 pandemic on organisations
 "Indian IT & Business Services market grows 5.41% to $13.4 bn in 2020: IDC")
Govt to keep impetus on road segments for tendering in near term: Ind-Ra
The Central government is expected to keep impetus on roads, irrigation and water works segments for tendering in near term, said India Ratings and Research.
 "Govt to keep impetus on road segments for tendering in near term: Ind-Ra")
Second wave may delay 422,000 houses meant for delivery this year: study
40% of these are in the affordable segment priced under Rs 40 lakh; 35% are in the mid-segment priced at Rs 40-80 lakh
 "Second wave may delay 422,000 houses meant for delivery this year: study")
Indian cement makers' price hikes to support margins: Fitch Ratings
The recent price increases by India's cement companies will counter the higher energy costs: Fitch
 "Indian cement makers' price hikes to support margins: Fitch Ratings")
All 86 of its Covid hospitals to soon have oxygen plants: Railways
All 86 of railways' Covid hospitals will soon have oxygen plants of their own, the national transporter said on Tuesday
 "All 86 of its Covid hospitals to soon have oxygen plants: Railways")
NHAI on track to award Rs 2.25-trillion projects this fiscal: Chairman
Construction target for the year roughly translates into 12-13 km a day
 "NHAI on track to award Rs 2.25-trillion projects this fiscal: Chairman")
India loses ONGC-discovered Farzad-B gas field in Iran
The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.
 "India loses ONGC-discovered Farzad-B gas field in Iran")
Wholesale inflation soars to 10.49% in April on higher fuel prices
Prices of primary articles were up 10.16% in April from -1.08 per cent a year ago; little scope for rate cuts, say experts
 "Wholesale inflation soars to 10.49% in April on higher fuel prices")