Page 1470 - Economy & Policy News

India's economy projected to record stronger recovery in 2021: UNCTAD

India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report

MCA21 Version 3.0: Govt's automated system to keep an eye on firms

The centre will issue warning if it detects suspicious practices

FM promises safeguards; Rajya Sabha passes Bill to hike FDI in insurance

Bill provides that no insurer shall invest policyholders' funds outside India, says government

PM Narendra Modi has set target of providing houses to all by 2022: Tomar

Union minister Narendra Singh Tomar on Thursday said that Prime Minister Narendra Modi has set a target of providing houses to all by 2022

Supreme Court passes directions for speedy disposal of accident claims

The insurer shall satisfy the award by depositing the awarded amount into a bank account maintained by the tribunal by RTGS or NEFT

LIC eases policy claim settlement process to mitigate customer hardships

To mitigate the hardships faced by customers due to the pandemic, LIC said policyholders can deposit their maturity claim documents at their nearest LIC office anywhere till the end of the month.

Opposition protests in Rajya Sabha bill to hike FDI in insurance to 74%

The Upper House witnessed four adjournments in the afternoon sitting

Steps taken by govt during pandemic yielding results, says Thakur

Steps taken by the government to deal with Covid-19 pandemic are resulting in 'V-shaped' economic recovery, Thakur said

World may see peak of petrol demand by 2035 but not in India: Official

The world is likely to see peak demand for petrol by the late 2020s and for diesel by 2035, a senior petroleum ministry official said Thursday

Expect pickup of upstream oil producers' profitability in FY22: Ind-Ra

Profitability of upstream oil producers is expected to pick up in FY22, ratings agency India Ratings and Research said

Transport Ministry issues draft rules for vehicle scrapping policy

The union government proposed to offer a road-tax rebate of up to 25 per cent for personal vehicles and up to 15 per cent for commercial vehicles

About 200,000 jobs added in IT sector since 2019: Ravi Shankar Prasad

Prasad informed the Rajya Sabha on Thursday

Govt keen to develop, strengthen own mobile app store: Ravi Shankar Prasad

The Parliament was informed on Thursday

RBI may have to delay liquidity normalisation amid rising virus cases

RBI may have to delay liquidity normalisation amid rising virus cases

Retail jewellers to sustain recovery with 30-35% growth in FY22: Report

The outlook is stable, according to a report

Analysis: Beijing delivers on threats to rein in internet economy

China is making good on its threats to clamp down on the sprawling "platform economy"

Vehicle scrapping policy will be 'win-win'; to reduce pollution: Gadkari

Gadkari on Thursday said the vehicle scrapping policy will be a "win-win" policy that will help improve fuel efficiency and reduce pollution

Nirmala Sitharaman to move Insurance Amendment Bill 2021 in RS today

Union Finance Minister Nirmala Sitharaman will move the Insurance (Amendment) Bill 2021 in Rajya Sabha for passing on Thursday

PE, VC partners in journey of new India towards new horizon: Piyush Goyal

Union Minister Piyush Goyal said new India is moving with a new energy towards a bright future, and Private Equity and Venture Capitalists are our partners in this new Journey towards a new Horizon

Top headlines: US Fed projects growth, direct tax mop-up, and more

Here are the top business headlines on Thursday