Page 1447 - Economy & Policy News

MPC: Covid surge biggest challenge to ongoing economic recovery, says Das

The RBI governor also said that global financial markets have turned volatile over inflation fears in advanced economies and rising commodity prices, posing risks to the domestic outlook

S&P forecasts 11% growth for India this fiscal, flags impact of lockdowns

S&P said credit conditions have improved for Asia-Pacific banks over the past quarter.

Negative outlook list may get longer, Q1 biz to be hit: Rating agencies

In February, things seemed to be coming under control with vaccination, giving the impression the system would cope with the pandemic

States may need Rs 30,000 cr to vaccinate 70% of those in 18-44 age group

Centre's support and private sector participation may relieve some of the load

Real estate has a healthy demand outlook, but some hiccups remain

The second wave may affect Q1, but there is a strong expectation that FY22 demand will perhaps equal or surpass FY20 levels

Raw material imports from US to produce vaccines may take a month

The Joe Biden administration's decision to invoke the US Defense Production Act has blocked exports of crucial raw materials used in vaccine production

Amid Covid surge, Japan may come to India's aid by supplying oxygen

Trivandrum-based HLL Lifecare has floated global tender for medical oxygen

Industry ready to strengthen capacity, back-end infra despite second wave

Several industries have shown confidence in the economy's recovery prospects and said the capex cycle is reviving

Consumer confidence among urban Indians weakens in April: Survey

Consumer sentiment was down across all 4 indices -- jobs, personal finances, economy and investments for the future, the survey said

Centre surpasses its revenue targets but higher food subsidy cancels gains

While govt made Rs 1.16 trn more revenue, it spent Rs 1.18 trn more on food subsidy too. But it can be said that the govt used the gains it made to settle FCI arrears once and for all

I-T refunds worth Rs 5,649 crore issued during April 1-19: Data

The Income Tax Department on Wednesday said it has issued refunds of over Rs 5,649 crore to 739,000 taxpayers during April 1-19, 2021-22

Brace for increase in petrol, diesel prices post assembly elections

Oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases

Care Ratings revises India's GDP growth forecast to 10.2% for FY22

Economic activities are getting affected across the country due to curbs imposed by states

Five years of e-NaM: Fair price discovery, crop grading remain key issues

A high powered panel has found instances of manual data being fed into the system after the auction has ended

Digital Tax: India may oppose Biden govt move to tax only top 100 cos

The latest proposal by Washington, shared with 130 countries, aims to tax only those entities with a global revenue of $20 bn and is not limited to digital players

The financial risk posed by Janet Yellen's climate agenda on India Inc

The US may be way behind the EU in adopting a climate change agenda but could be driving it soon. Although it is just coming into the game, it has the money to demand a change

$1-bn outflows: FPIs turn wary of India on worsening coronavirus crisis

Covid-19, US yields, dollar to weigh on equity flows in the near term

Despite grim outlook, fiscal stimulus unlikely for India Inc this year

"The impact on GDP would not be significant due to lockdowns in some states and the estimates made in the Budget have been conservative," said another government official

US currency list move an intrusion in RBI policy space: Commerce secretary

The commerce secretary said he expects robust growth in exports in the current fiscal year

Cabinet gives ex-post facto approval for amendments to Finance Bill, 2021

The amendments were aimed at clarifying and rationalising tax proposals for 2021-22.