Page 1458 - Economy & Policy News
Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme
According to the Centre, more than 28.68 crore loans for an amount of Rs 14.96 lakh crore have been sanctioned by banks, NBFCs and MFIs since the launch of PMMY
 "Loans of Rs 14.96 lakh crore sanctioned since launch of PM Mudra scheme")
Liquidity support, bond yield management: Key takeaways from RBI Policy
RBI monetary policy 2021: The recent surge in Covid-19 infections, however, imparts greater uncertainty to the outlook, RBI governor Shaktikanta Das said today
 "Liquidity support, bond yield management: Key takeaways from RBI Policy")
RBI allows card issuers, white label ATMs to take direct membership in CPS
Central payment system constitutes real-time gross settlement (RTGS) and national electronic fund transfer (NEFT).
 "RBI allows card issuers, white label ATMs to take direct membership in CPS")
Covid-19 slows India's services activity slightly in March: PMI report
Firms continued to bear elevated cost pressures but only passed some of it to consumers to stay competitive
 "Covid-19 slows India's services activity slightly in March: PMI report")
RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%
RBI retains its growth outlook for the fiscal year started April 1 at 10.5%, unchanged from its February outlook.
 "RBI keeps repo rate, reverse repo rate unchanged at 4% and 3.35%")
Statsguru: India continues to fail its women as Covid-19 made things worse
India's economic participation and opportunity index was rising till 2012
 "Statsguru: India continues to fail its women as Covid-19 made things worse")
Evidence of normalisation of economic activity in India, says Gita Gopinath
In its annual World Economic Outlook, the Washington-based global financial institution said that the Indian economy is expected to grow by 6.9% in 2022
 "Evidence of normalisation of economic activity in India, says Gita Gopinath")
Bond market upbeat with RBI on back foot as Covid-19 infections surge
Status quo on rates likely to be maintained for some time
 "Bond market upbeat with RBI on back foot as Covid-19 infections surge")
The second wave: Migrant crisis looms again as Covid-19 curbs expand
Lack of business to hit payouts, pushing people out of jobs and cities
 "The second wave: Migrant crisis looms again as Covid-19 curbs expand")
Competition among auto cos address issue of vehicle scrapping sops: Gadkari
In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject to state and central rules
 "Competition among auto cos address issue of vehicle scrapping sops: Gadkari")
At Rs 2.74 trillion, FPI flows surpass previous best in FY13: Govt
Policy initiatives and economic revival boosted foreign investment, says finance ministry
 "At Rs 2.74 trillion, FPI flows surpass previous best in FY13: Govt")
Big players stayed away from Vivad se Vishwas: CBDT chairman P C Mody
The scheme announced in the Budget last year allowed for the settlement of tax disputes due up to January 31, 2020.
 "Big players stayed away from Vivad se Vishwas: CBDT chairman P C Mody")
Indian refiners to buy one-third less oil from Saudi Arabia next month
Indian refiners will buy less oil from Saudi Arabia next month as they snap up supplies outside of the Middle East as part of diversification drive amid weakening domestic fuel demand on the resurgence of COVID-19.
 "Indian refiners to buy one-third less oil from Saudi Arabia next month")
US calls for duty on Indian wind energy equipment manufacturers
In November last year, the US department of commerce published its initiation of the countervailing duty investigation of utility scale wind towers from India.
 "US calls for duty on Indian wind energy equipment manufacturers")
Kejriwal asks officials to complete road redesigning projects by 2023
Delhi Chief Minister Arvind Kejriwal on Tuesday directed PWD officials to complete the ongoing projects of redesigning of roads here along the lines of European cities, within stipulated deadline.
 "Kejriwal asks officials to complete road redesigning projects by 2023")
Govt appoints Ajai Seth as DEA secy; Tarun Bajaj to take charge of revenue
According to the executive record-sheet, Seth is back in central posting after a gap of 13 years.
 "Govt appoints Ajai Seth as DEA secy; Tarun Bajaj to take charge of revenue")
NITI Aayog considers separate PLI scheme for MSMEs, examines biz models
Seeks different schemes for firms with higher targets, and smaller ones
 "NITI Aayog considers separate PLI scheme for MSMEs, examines biz models")
Domestic passenger traffic slips to 10-year low in pandemic-hit FY21
India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.
 "Domestic passenger traffic slips to 10-year low in pandemic-hit FY21")
Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too
The last time steel price rose was in Jan when it touched an all-time high. But it came off those highs as China moved into the new year holiday season on pressure from end users in domestic market
 "Steel prices hiked by Rs 5,000 a tonne on global rally, iron ore rises too")
IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data
New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period
 "IBC in the slow lane: CIRP cases decline almost 12%, shows IBBI data")