Page 1436 - Economy & Policy News

FinMin releases first instalment worth Rs 8,873 cr of SDRF to states

Up to 50 per cent of the amount released, which is Rs 4436.8 crore, can be used by the states for coronavirus (Covid-19) containment measures

India's power consumption increases 41% to 119.27 bn units in April

Power consumption in April last year was recorded at 84.55 BU

Amid Covid-19 pandemic, India's insurance sector has seen contrarian growth

The industry has outperformed its global peers, but mostly by exiting the bottom of the pyramid

It pays to keep your head in Cloud, say CIOs at Business Standard webinar

In the Indian context, attracting talent remains a big issue because tech folks are used to work in new-age entities like an Amazon, Facebook, Google or a Flipkart

States to get Rs 15,000 cr more from Centre to boost capital expenditure

This is in the wake of the economy facing headwinds on account of a second Covid wave

Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision

Revision of CPI and GDP base years from 2011-12 and 2012, respectively, was dependent on the outcomes of the consumer expenditure survey of 2017-18, which the govt junked sometime back

Core sector output up 6.8% in March, hits 32-month high on low base

Will continue to grow in April despite localised lockdowns, say experts

China ready to strengthen ties, President Xi Jinping writes to PM Modi

China is also ready to strengthen cooperation with India in fighting the pandemic and is ready to provide support in this regard, Jinping said in the letter

Chamber asks FM Sitharaman for relief measures for trade, industry

The Indian Chamber of Commerce and Industry on Friday appealed to Union Finance Minister Nirmala Sitharaman for relief measures

Armed forces given emergency financial powers to tackle Covid situation

'These powers will help Formation Commanders to establish and operate quarantine facilities/hospitals,' says govt

Core sector output in March rises 6.8%, but contracts 7% in FY21: Govt

Coal production declined by 21.9 per cent in March, 2021 over the same period last year

Crisil says multiplexes to be on losses; may recover only in FY23

Localised lockdowns and night curfews amid the newer wave of Covid-19 is set to extract a toll on multiplexes

India's bank credit growth may dip further after touching record low

Amid Covid surge, some experts fear credit growth may worsen as a dramatic improvement in macroeconomic outlook anytime soon looks unlikely

Govt to provide Rs 15,000 crore to states for capital expenditure

This is an interest-free 50-year loan for spending on capital projects.

PM Modi to hold a meeting with ministers on Covid-19 situation today

This would be the first such meeting to be held after the second wave of the pandemic hit India

Units in chemicals sector set for rebound in revenue: CRISIL SME Tracker

Growth mainly on account of recovery in domestic demand and higher realisation due to a rise in the prices of chemicals

LIC has now become tenth-most-valuable insurance brand globally

The total value of the world's top 100 most valuable insurance brands declined 6% in 2021 from a year earlier. But LIC's brand value increased by almost 7%

Covid-19: Labour crunch hits roads construction and realty business

States like Uttar Pradesh and Maharashtra, where the severity of Covid-19 infections is high, are reporting a higher loss of on-site labourers

Covid-19 stress: Companies may not get immediate relief measures

Some of the exemptions given as part of Covid relief measures last year would come to an end in June 2021

India's gold demand up 37% YoY in March qtr; global demand dips 23%: WGC

The next phase of gold demand - in the second half of 2021 - will not be driven by fear, but by economic growth, WGC said