Page 1467 - Economy & Policy News

Bill to increase FDI limit in insurance sector gets Parliament's nod

The bill raises the limit to 74 per cent

Maharashtra hotels, resorts get lockdown blues as Covid-19 curbs return

Hotels had seen demand picking up in the winter of 2020, but restrictions imposed by local authorities have thwarted that

Govt to set up empowered committee for manufacturing in high tech areas

Tata Sons chairman N Chandrasekaran, Bharat Forge Chairman Baba Kalyani, Mahindra Group managing director and CEO Pawan Goenka, among others, will be part of the committee

Govt to borrow Rs 20,000 cr less this fiscal; RBI cancels debt auction

The government has decided to cancel its Rs 20,000 crore borrowing scheduled for March 26 on review of position of cash balance, the Reserve Bank of India said on Monday.

NHAI suffers Rs 814 crore loss in toll revenue due to farmers' protest

The loss at Rs 487 crore was the highest in Punjab, followed by Rs 326 crore in Haryana and Rs 1.40 crore in Rajasthan

Covid: Four pvt airports can see 90% drop in op profit, says report

The airports are Delhi, Mumbai, Bengaluru and Hyderabad

'Second wave' of Covid infections impacting business normalization: Nomura

Coronavirus infections are rising in Maharashtra and other states

Govt introduces NaBFID Bill in Lok Sabha to support funding infra projects

Finance Minster Nirmala Sitharaman on Monday introduced the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 in the Lok Sabha

Covid-19 pushes back India's $5 trn GDP goal by 3 years to FY32: Report

Currently, the country is the fifth largest economy in the world behind Germany

Average daily FASTag collection crosses Rs 100 crore-mark: Gadkari

The Parliament was informed on Monday

Central govt's tax collection on petrol, diesel jumps 300% in six years

The Lok Sabha was informed on Monday

Manufacturing gaining lost momentum in fourth quarter: FICCI survey

FICCI's latest quarterly survey on manufacturing assessed recovery of the sector for Q-3 (October-December 2020-21)

CSR funds not used to run government schemes, says Anurag Thakur

Thakur on Monday said the government does not use the Corporate Social Responsibility (CSR) funds to run its schemes

Telangana govt announces 30% fitment for staff; retirement age fixed at 61

He said the coronavirus pandemic had shattered the state's economy and due to an unexpected fiscal deficit, the 11th pay revision was delayed

India Ratings gives logistics stable outlook in FY22, sees demand growing

Agency estimates 8 per cent year-on-year improvement in volumes for Indian ports in FY22.

Insurance Amendment Bill to raise FDI limit to 74% in Lok Sabha

FM Sitharaman said on Monday that raising the FDI limit was necessary to help insurers deal with issues concerning financial stress

India to emerge as world's third largest economy in 2031: BofA Securities

Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028

Vehicle scrapping policy unlikely to trigger replacement, says Jefferies

The vehicle scrapping policy is unlikely to make people junk their old vehicles for new ones in a big way, owing to insufficient incentives offered by the government for replacement, a report said

India retail: A nearly $900 billion market dominated by mom-and-pop stores

India's retail landscape is changing, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores

How DCT can help the fertiliser sector deal with main challenges

These challenges can be substantively tackled if the design of DCT is optimal