Page 1463 - Economy & Policy News

Statsguru: IBC mechanism ready to take up cases after a year-long hiatus

As many as 1,942 cases are currently going on under the Code (as of Septem­ber 2020)

Status check of PLI schemes that aim to make India world's factory

Last year, the govt introduced a PLI scheme for mobile phones, electronic components, critical pharma drugs and medical devices, which saw huge traction among global as well as Indian manufacturers

Limited e-invoicing window a worry for small and medium companies

The e-invoicing system was first made mandatory for entities with a turnover of Rs 500 crore and above and later extended to businesses with Rs 100 crore or more on January 1

Life insurers shell out Rs 2,000 crore as Covid-19 death claims, shows data

The amount paid as claims towards deaths caused by Covid is not yet alarming to the extent that it will impact the balance sheet or solvency ratios of companies

Public procurement from GeM portal crosses Rs 1 trillion, says CEO

Public procurement of goods and services has crossed Rs 1 trillion from government buying portal GeM since the platform was launched in August 2016

For second year in a row, Andhra govt brings out budget through ordinance

For the second year in a row, the Andhra Pradesh government on Sunday brought out the state Budget in the form of an Ordinance

Jammu and Kashmir's total expenditure increased from 2014 to 2019: CAG

Jammu and Kashmir's total expenditure, which includes revenue expenditure, capital outlay and disbursement of loans and advances

Amid Covid surge, RBI to opt for status quo in monetary policy: Experts

The RBI is slated to announce its first bi-monthly monetary policy of the 2021-22 fiscal on April 7, 2021

Trai writes to key ministries, associations on new norms for bulk SMS

Trai has written to key ministries, associations like COAI and Nasscom and nodal agencies like NIC in a massive information outreach

Govt unlikely to continue with zero-coupon bond route to recap PSU banks

To save interest burden and ease the fiscal pressure, the government last year decided to issue zero-coupon bonds for meeting the capital needs of the banks

Power tariff in Odisha to increase by 30 paise per unit from April 4

The Odisha Electricity Regulatory Commission (OERC) on Saturday approved the Annual Revenue Requirement and Tariff Order for the financial year 2021-22

PM Modi holds 'productive meeting' with Hasina; Delhi, Dhaka sign five MoUs

The two sides signed five MoUs covering areas such as connectivity, commerce, information technology and sports

USTR proposes retaliatory tariffs against Indian goods over 2% digital tax

This follows investigation by the office of the US Trade Representative (USTR) last year under section 301 of the Trade Act, which concluded that India's equalisation levy, was "actionable"

Wheat procurement in Punjab rescheduled from April 10 on Covid-19 surge

Due to rising Covid-19 cases and late crop maturity, wheat procurement in Punjab has been rescheduled few days late from April 10

LAHDC of Leh and Kargil failed to submit accounts for audit, says CAG

LAHDC of Leh and Kargil failed to submit accounts for audit since their inception, says CAG

Disinvestment target of FY22 achievable; LIC IPO to bring Rs 1 trn: CEA

He also said retail inflation targeting by the Reserve Bank of India (RBI) has helped in bringing down the volatility and level of inflation

Air India Privatisation likely to be completed by May-end: Hardeep Puri

"The airline still is in debt of Rs 60,000 crore and it is liable to be sold," Puri said

Why rich families are turning to pooled investment vehicles amid pandemic

Alternative investment funds are emerging as a popular alternative to multiple entity investingWhy rich families are turning to pooled investment vehicles amid pandemic

India's goods exports to stand at $290 bn in FY21, says Piyush Goyal

India's goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said on Friday.

Mobile device makers press for 2021 as zero year under PLI scheme

Companies eligible for the scheme ask govt to invoke force majeure clause