Page 1482 - Economy & Policy News

PLI scheme can generate Rs 35-40 tn incremental revenue in 5 yrs: Report

PLI scheme that seeks to push domestic manufacturing in as many as 14 sectors has the potential to generate additional revenue worth Rs 35-40 lakh crore over the next five years, a report said.

Parl panel concerned over fund cuts for tourism as sector suffers losses

A parliamentary committee on transport, tourism and culture has raised concerns over budget estimates of the Ministry of Tourism being slashed

5 opt out of race for RBI deputy governor's post

There are now 13 RBI executive directors of which 12 were eligible for the deputy governor's post

Murmu appointed chairman of an UN panel

Murmu has been again appointed as the chairman of the panel of external auditors of the United Nations for 2021

CPSE assets sale to bring about paradigm shift in infra: FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said monetisation of CPSE assets is based on the principle of value creation for the government and investors

BBIN countries in South Asia can be economic growth pole: WB India head

Connectivity between Bangladesh and India, alongside Bhutan and Nepal, has the potential to make the sub-region an economic growth pole for South Asia, World Bank India Head Junaid Ahmad said

Deputy CM Manish Sisodia presents Delhi's first paperless budget

The Delhi government presented its first paperless budget on Tuesday which Deputy Chief Minister Manish Sisodia read out from a tablet computer in the Assembly.

Par panel asks NHAI to explore debt restructuring, raise long-term funds

A Parliamentary panel has asked NHAI to explore restructuring of existing debt and look for options to raise long-term funds.

Demand for luxury housing improves in national capital

The demand for luxury housing properties in the national capital has improved in the last six months

CFOs cite long-term, financial impact of global pandemic as top challenge

A majority of CFOs interviewed see the long-term and financial impact of the global pandemic as one of their top challenges over the next three years, according to a survey

Delhi govt aims to convert its entire transport system to electric: Sisodia

The Delhi government aims to convert its entire transport fleet to an electric vehicle system in the next 25 years

Saudi oil hawkishness speeds Indian plan to seek alternatives

India would prefer an oil price in the $50 to $60 a barrel range, says HPCL chairman Mukesh Kumar Surana

TRAI suspends norms for commercial text messages for one week

This comes after following disruptions in SMS and OTP deliveries for banking, payment, and other transactions

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

India's GDP growth to be at 11 per cent in fiscal 2022, says report predicting two-phase economic recovery

GST fraud of Rs 20,124 cr detected during Nov 9-Jan 31: Sitharaman

A nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit fraudulently is being carried out, FM said in a written reply to Rajya Sabha

SMS scrubbing: Faulty implementation wipes out OTPs, 40% traffic disrupted

SMS scrubbing: The failure rate was over 25 per cent among the leading private and public sector banks

India asks refiners to diversify, cut reliance on Middle East oil

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April

Delhi govt presents Rs 69,000-crore 'Deshbhakti Budget'; free Covid jabs

The Delhi government presented a Rs 69,000-crore budget themed on "patriotism" for financial year 2021-22

We aim for 'Singapore-level' per capita income by 2047, says Sisodia

Delhi Deputy Chief Minister Manish Sisodia on Tuesday presented a budget worth Rs 69,000 crore for the financial year 2021-22

CEA Subramanian stresses on infra-led growth, takes on crony lending

The financial sector will have to play an important role in infrastructure lending which needs specialised expertise, Chief Economic Adviser KV Subramanian said on Tuesday