Page 1469 - Economy & Policy News

Chana prices fall below MSP in several major mandis: Check details here

Chana production is expected to be over 11.6 million tonnes this year

IGST on intermediaries: Gujarat High Court admits a petition to review

When IGST is levied on inter-state transfers within India, it is imposed on service providers

L&T, ABB India: Analysts bet on capex-related plays amid economic revival

"Valuations for consumption stocks now appear stretched while the industrials sector still trades at historical averages," wrote Amish Shah of BofA Securities

Govt to announce forensic auditing norms, bring clarity in fraud detection

Standards used now are not clear, resulting in hundreds of cases across India courts filed by borrowers, companies and individuals

Profit or loss, independent directors of companies must get paid: MCA

Till now, there was no provision in the Companies Act that allowed a remuneration for the non-executive director if the company was in loss or had inadequate profits

OMOs, Operation Twist potent tools in central bank's arsenal: RBI paper

RBI paper has said going ahead outright OMOs along with Operation Twists will continue to be potent tools in the central bank's arsenal

India needs to return to more liberal trade regime: Arvind Panagariya

India needs to return to a very liberal trade regime as it can push growth into double-digit range, former Niti Aayog Vice-Chairman Arvind Panagariya said

States reluctant to bring petroleum products under GST purview: BJP leader

Khanna on Friday said the Centre is ready to bring petroleum products under the Goods and Services Tax (GST) purview to provide relief to the common people but the states are not unanimous.

New tourism policy in works, will take India to top: Prahlad Singh Patel

India plans to unveil a new tourism policy soon, Tourism Minister Prahlad Singh Patel announced in Rajya Sabha Friday

32 railway projects under different stages of development in Andhra: Goyal

As many as 32 railway projects, worth Rs 64,429 crore fully or partly in Andhra Pradesh are in different stages of development, Railway Minister Piyush Goyal informed Parliament Friday.

India, Chile agree to deepen bilateral relations post Covid-19 pandemic

India and Chile on Friday agreed to deepen bilateral relations post the COVID-19 pandemic, including the second expansion of the India-Chile Preferential Trade Agreement

Niti member bats for teaching physics, maths first before engineering

Saraswat termed the AICTE's decision to give engineering colleges flexibility to admit students without mathematics and physics in high school and offer them bridge courses as "wrong"

BJP govt wants to hand over insurers to foreign firms: Congress' Kharge

The Congress on Friday said the BJP government wants to hand over the control of Indian insurance firms to foreign players

Detailed discussions underway to finalise e-commerce policy: Govt

The government on Friday said detailed discussions are being held to finalise a national e-commerce policy, a move aimed at promoting growth of the sector

Initiatives taken in Budget will step-up growth momentum: RBI article

The initiatives taken by the government in the 2021-22 Union Budget will step-up growth momentum in the medium term, according to an RBI article

India needs to grow at 10.5-11 pc in next fiscal: Niti Aayog VC Rajiv Kumar

India needs to grow at10.5-11 per cent in real terms in the next fiscal and sustain that to overcome massive ill-effects of the Covid-19 pandemic, Kumar said

Railways created 1.4 mn mandays employment under Garib Kalyan scheme: Goyal

Union minister Piyush Goyal told the Rajya Sabha on Friday

NHAI approves norms for value capture finance

Value capture finance or VCF is a type of public financing that recovers some or all of the value that public infrastructure generates for private landowners

Railways infra will never be privatised, assets to be monetised: Goyal

The government Friday said in Rajya Sabha that railways infrastructure will never be privatised

India's economy is likely to grow at 12% in 2021, says Moody's Analytics

Near-term prospects have turned more favourable, Moody's Analytics said