Page 1481 - Economy & Policy News

Revenue deficit grant of Rs 6,194 cr released to 14 states: Govt

With the release of this installment, a total amount of Rs 74,340 cr has been released to eligible states in FY21, says Ministry of Finance

India's retail inflation probably rose in Feb as fuel, food prices went up

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83% in February from January's 4.06%

Top headlines: India entry into global bond indices put off, SMS rules held

With the suspension of the IBCcoming to an end, the government is preparing a special relief framework for medium and small enterprises that are still grappling with the pandemic crisis

India asks refiners to cut reliance on Middle East oil after OPEC+ decision

India, the world's third-biggest oil importer and consumer, imports about 84% of its overall crude needs with over 60% of that coming from Middle Eastern countries

Exporters take unusual steps to ease container shortage to ease trading

Indian Railways is discussing if its current 25% discount for moving empty containers inland along some routes needs to be extended beyond March

On track to implement 'Single Window Clearance' system: DPIIT Chief

Centre is on track to implement the 'Single Window Clearance' system by April 15, as part of 'ease of doing business', a senior official said on Tuesday

After outage, Trai puts on hold regulation on pesky SMS for one week

Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai's new regulations which came into effect on Monday

96% of GST compensation shortfall to states released so far, shows data

Under the special window, the Centre has been borrowing in Government Stock with a tenure of three years and five years on behalf of states

Liquidation an outcome of market forces: IBBI chairperson M S Sahoo

Sahoo was responding to the criticism that only 25 per cent of IBC cases end up in resolution while the remaining get liquidated

5 of 12 large NPAs complete transfer of management control

Central bank mandated the companies for resolution; BPSL, Jaypee Infratech and Amtek Auto in last leg of that process

Centre, states to remove 6,000 compliance norms by Aug 15, 2022: DPIIT Secy

Guruprasad Mohapatra says a systematic exercise across Centre and states is being undertaken to eliminate or reduce compliances, which have an adverse impact on time and cost of businesses

Vidal Health Insurance buys Vipul MedCorp TPA for an undisclosed amount

In general, these admin­istrators are independent, but can also act as an entity belonging to the insurers

5G network deployment can start in 3 months but infra not ready: Experts

5G networks in India can be deployed in three months but in limited areas as the optical fibre based infrastructure to support the technology is not ready yet, telecom industry players said

Liquor prices in Maharashtra likely to rise 10-15% after tax hike

West Bengal, Rajasthan also increased taxes recently; industry says the trend is worrying

Gujarat: Rs 1,715 cr in electricity duty of industries waived in two years

The Gujarat Government waived a total of Rs 1,715 crore in electricity duty of over 16,000 industrial units in the last two years, the Legislative Assembly was informed on Tuesday

DRDO tests new Air Independent Propulsion system to be fitted in Scorpenes

The AIP system, once ready, will from 2024-25 onwards, be "retrofitted" into six Scorpene submarines that are being built in India under Project 75

Asset monetisation to bring paradigm shift for infra growth: FM Sitharaman

Around 300 participants from states and UTs attended the workshop organised by the Department of Economic Affairs and NITI Aayog

India's GDP to grow 11% in FY22, contract 8% in FY21, says CRISIL

GDP is likely to touch the pre-pandemic level only by the second quarter of fiscal year 2022

OECD raises India's economic growth forecast to 12.6% for 2021-22

The Indian economy was officially projected to decline by 8 per cent in the current fiscal year.

Nabard, REC, TMF Holdings, L&T Finance raise Rs 6,900 cr in stable market

REC raised just over Rs 3,600 crore through a 15-year paper carrying coupon of 7.4 per cent.