Page 1455 - Economy & Policy News

Covid resurgence to delay Indian airports' passenger recovery: Moody's

The rapid increase in new coronavirus cases is credit negative for Indian airports: report

India sees job losses as states impose lockdowns to check new Covid-19 wave

Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed data by CMIE.

India must capture all segments of financial market to fuel growth: IMF

India is on the right track and is innovating on the policy side, but the country needs to capture all the segments of the financial market to fuel growth in the country, according to IMF official

Flight loads drop below 100 for four straight days as flyers defer travel

Industry execs say booking volumes down 30-40%; Airlines have begun clubbing flights last minute due to weakening demand

Statsguru: 6 charts explain how corporate taxes help govts globally

A look at select countries - four advanced economies, three emerging markets and India - shows the extent to which corporate taxes help governments

Power Ministry proposes reforms for short-term sale purchase of power

In future, the ministry is also looking at merging the DAMs of all power exchanges into one entity, which will oversee the trading of day-ahead bids for both renewable energy and conventional power

Bengaluru lone bright spot in direct tax mop-up with 7.3% growth

Hyderabad reported a 4 per cent decline with a collection of Rs 55,000 crore in FY21 against Rs 57,000 crore a year earlier.

Sudden movement of the rupee is not a reason to panic, say currency dealers

According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month

Govt may hike pension sector FDI limit to 74%; Bill likely in next session

The government may hike foreign direct investment (FDI) limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session

India hits out at US on linking climate issues to economic recovery

Says imposing stringent climate conditionalities unfair

DoT to issue guidelines for implementation of PLI in telecom within week

The Department of Telecommunications (DoT) is likely to issue guidelines on implementation of production-linked incentive (PLI) schemes for manufacturers in the sector

Pharmaceutical industry rebounds in March at 10.3% growth: Ind-Ra

This was led by volume growth of 1.6 per cent, price growth of 5.1 per cent and products launches at 3.6 per cent

Covid spike, local lockdowns could disrupt FPI inflows: Ind-Ra

The recent spike in Covid-19 cases could disrupt foreign portfolio investments: report

Strong bounce back witnessed for India's toll road assets, says ICRA

India's toll roads are likely to witness a 14-15 per cent growth in collections in FY22: report

India needs to grow faster to make up for contraction during Covid-19: IMF

India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight%

Covid-19: Mini-lockdown, night curfews casts cloud over MFI collections

For instance, Maharashtra, which is seeing the maximum number of cases, has announced the most stringent one -- a mini-lockdown through April 30

Net direct tax mop-up exceeds revised estimates at Rs 9.45 trillion in FY21

The government also issued 41 per cent higher refunds compared to last year.

10-year bond yield drops to 5.97% in morning trade but closes at 6.02%

In the first auction of the fiscal year, the RBI raised Rs 37,853 crore using greenshoe options instead of the planned Rs 32,000 crore

Crackdown on tax evaders: I-T notices to holders of foreign assets

Seek action under black money and benami laws for non-disclosure

Keeping farmers in mind, Centre directs fertiliser firms not to hike prices

The Centre on Friday directed fertiliser companies not to increase the maximum retail price (MRP) of non-urea fertilisers such as DAP and asked them to sell at old rates