Page 1430 - Economy & Policy News

India and European Union to resume negotiations for FTA after 8 years

India and EU agreed to resume negotiations for a balanced, ambitious and comprehensive trade pact, says MEA

$210 mn daily output loss in India over April-June in severe scenario: S&P

S&P Global Ratings estimates $210 million in lost output daily in India due to second Covid wave over April-June in a severe scenario model.

US dollar share of global foreign exchange reserves drops to 25-year low

This is according to a recent survey by the International Monetary Fund (IMF).

Indian industry will welcome resumption of India-EU FTA talks: CII

Implementation of the proposed free-trade agreement between India and the European Union (EU) will benefit both the sides: CII

RBI recent measures to boost healthcare infrastructure, says ICRA

Availability of funds due to recent measures announced by the Reserve Bank of India (RBI) can result in increased capacities: ICRA

India topped 2020 vehicle imports into South Africa despite Covid-19 impact

India was the top country of origin for vehicle imports into South Africa despite the lengthy Covid lockdowns and overall declines in vehicle sales in 2020, according to the latest 2021 auto report

Covid 2.0 restrictions to impact energy demand growth recovery: Ind-Ra

The lockdowns on account of an increase in Covid cases in various states can impact all-India energy demand growth recovery in Q1 FY22 although demand is expected to be higher due to lower base effect

India-EU summit to bolster international trade, investment, says PM Modi

Ahead of the India-EU virtual summit, PM Narendra Modi and Portugal PM Antonio Costa said that strengthening the dialogue between the countries will boost mutual ties and benefit international trade

Oil for oxygen: India welcomes Saudi covid aid, boosts oil imports

Indian oil minister Dharmendra Pradhan on Friday thanked Saudi Arabia and other Middle Eastern oil producers for supplying liquid medical oxygen (LMO) to help the country in its battle with the Covid

Banks want RBI to relax NPA norms for lockdown-stressed MSME sector

Bankers request extension of NPA classification norms to 180 days from 90 days currently

Second Covid-19 wave a downside risk in Q1, says Finance Ministry

Impact on the economy is expected to be muted compared to first Covid wave, says report

India's sovereign rating to remain at current level for next 2 years: S&P

The country will see a slightly faster pace of growth in the next couple of years that will support its sovereign rating: S&P

Betting on power: Insurers line up to invest in PGCIL and IndiGrid InvITs

The first power transmission InvIT of the country, IndiGrid, came out with a public issue of NCDs to raise up to Rs 1,000 crore last week

Maharashtra, UP, Delhi getting lower vaccine doses than needed: SBI report

Tamil Nadu, Haryana, Punjab, Bihar and North Eastern States are the states where vaccination wastage is 'quite high', the report said

Covid-19: Allocation of remdesivir made up to May 16, says Sadananda Gowda

To ensure smooth supply of remdesivir used in treatment of Covid-19 across the country, the allocation of the antiviral drug to the states and union territories has been made up to May 16, says govt

PLI scheme, basic customs duty: Only flickering benefits for solar power

A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture

Solar-powered India? The gap between ambition and reality is growing

India has a target of generating 100 Gw solar power by 2022 and set up a self-reliant industry for it

Rabi marketing season: Over 125 lakh MT wheat procured in Punjab so far

Over 125 lakh metric tonne wheat has been procured in Punjab so far in the ongoing rabi marketing season

Manufacturing employment nearly half of what it was five years ago

Manufacturing accounts for nearly 17% of India's GDP, but the sector has seen employment decline sharply in last 5 years - from employing 51 million Indians in 2016-17 to reach 27.3 million in 2020-21

India to breach fiscal deficit target in FY22: Fitch Solutions

India is likely to breach its fiscal deficit target in the financial year to March 2022 mainly due to revenue shortfall, Fitch Solutions said Friday.