Page 1423 - Economy & Policy News

Rising Covid spending, fuel prices to crowd out consumer demand: SBI report

Massive increase in healthcare spends, especially in the hinterland, steadily rising fuel prices and online delivery of articles will increase inflation pressure much higher, according to SBI report

CoWIN portal in Hindi and 14 regional languages by next week: Govt

The CoWIN portal will be made available in Hindi and 14 regional languages by next week, while 17 more laboratories will be added to the INSACOG network to monitor the variants of Covid-19

Govt releases Rs 5,968 crore to 15 states under Jal Jeevan Mission

The Government has released Rs 5,968 crore to 15 states for the implementation of the Jal Jeevan Mission in the financial year 2021-22

India's electricity use falls 6.2% in May due to Covid-19 lockdowns

Total daily average electricity supply to states fell to 3,666 billion units during the first sixteen days of May, compared with 3,910 billion units during the second half of April

Coronavirus: India's fuel demand plunges in May as states enforce lockdown

Gasoline and diesel sales over May 1-15 fell by about 20 per cent, while jet fuel consumption slumped by nearly 38 per cent, versus April 1-15 levels

WPI inflation hits double digits in April at 10.49%; crude prices harden

The wholesale price-based inflation shot up to an all-time high of 10.49% in April, on rising prices of crude oil and manufactured items

Logistics Data Bank Services extended to 9 major SEZs across India

Major SEZs include Visakhapatnam, SEEPZ Mumbai, Surat, MEPZ Chennai, Cochin, Kandla, Noida, Mangalore and Dahez SEZ

PSUs take the lead in Covid vaccination but shortage hits remote locations

While this is one of the larger-scale vaccinations, the drive faces delays and pauses due to shortages of vaccines, especially in remote areas

Non-resident entities seek withholding tax breather amid second Covid wave

In absence of certificates, they risk having 40% tax cut from revenues

Statsguru: Commodity supercycle may hurt India amid Covid-19 pandemic

After a year of limited activity, several economies are expecting a faster-than-usual bounce back to normal. This has led to an increase in commodity prices across the board

Scheme for IT hardware: PLI pledges miss govt's ambitious target

Production and export commitments by 19 companies are much lower than government's projections

Third time lucky? Govt begins anti-dumping investigation on solar imports

Complaint was filed by Mundra Solar PV and Jupiter Solar Power with the DGTR under the ministry of commerce

Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

India's Oil demand shrinks further as coronavirus crisis persists

The plunge in consumption at the world's third-biggest crude consumer will weigh on sentiment on oil prices and damp expectations for a strong global demand rebound in the summer

Research paper sees direct link between Cyclone Tauktae and climate change

Study says Bay of Bengal is usually warmer than Arabian Sea and so hosts more tropical storms; However, that scenario is now changing

Truckers demand relief as losses mount to Rs 42,000 cr due to lockdowns

Around 65 per cent of the total truck fleet in the country out of the road owing to lockdown and lockdown-like conditions in most of the states

GDP growth may be below 9% in FY22 due to 2nd Covid wave: Survey

Amid a raging second wave of Covid-19 and subsequent restrictions on business activities imposed by several states, economic recovery is beginning to lose steam

Existing appointments for 2nd Covishield dose on CoWin remain valid: Govt

The Union health ministry on Sunday clarified that already booked online appointments for second dose of Covishield vaccine will remain valid and the same will not be cancelled on Co-WIN platform.

After Gurugram, Park+ ties up with Noida mall for vaccination drive-through

The move, launched with Gautam Budh Nagar administration and DLF Mall, will deliver jabs between 9 a.m.-5 p.m. in mall's parking lot; booking on Co-WIN portal

Covid-19: Centre asks states to keep ration shops open on all days

Centre asked the govts to keep ration shops, also called fair price shops, open for a longer duration and on all days to ensure timely and safe distribution of both subsidised and free foodgrains