Page 1486 - Economy & Policy News

Slow growth in allied activities drags farm sector growth, say experts

Second advance estimates peg GVA in agri and allied activities to grow 3% in current fiscal year

Anti-competition law must be strengthened: 15th FC chairman N K Singh

Singh was addressing the sixth edition of the national conference on economics of competition law.

India has advanced the target for increasing ethanol blending levels: PM

The PM also talked about the growing share of non-fossil sources in India's installed capacity of electricity, rising to 38 per cent

High fuel prices a burden, Centre-states must talk: FM Nirmala Sitharaman

Both the Centre and the states draw revenues by taxing fuel, and 41 per cent of the tax collected by the Centre goes to the states, Sitharaman said

India is saddened by Opec+ decision to continue cutting production: Pradhan

After the Opec decision, one million barrels per day of crude oil production from Saudi Arabia will remain in place at least through April.

India likely to start full operations at Iran's Chabahar port by May-end

US sanctions on Iran slowed down the port's development and Indian officials are now counting on a thaw in relations between Washington and Tehran

IT sector sales rise 5.2% in third quarter, shows RBI data

Information technology (IT) sector remained in the positive terrain throughout the Covid-19 pandemic period

Primary dealers rescue RBI's bond auction for the sixth time this year

Primary dealers bought Rs 19,400 cr of debt, equal to about 60% of the Rs 31,000 cr the govt offered at the weekly auction, RBI said in a statement Friday

FDI hike in insurance sector likely to see mixed response, say experts

No fresh capital will come in, unless the foreign partner decides to infuse funds after raising its stake.

Financial sector growth has been slow: CEA Krishnamurthy Subramanian

He said the Budget has made a significant push towards reforming the financial sector and adding vitality to it

Govt mulls launching PLI scheme for chemical sector to boost manufacturing

The government is considering launching a production linked incentive (PLI) scheme in the chemical sector to boost domestic manufacturing and exports.

Technology hiring consistently above pre-pandemic levels: Report

Digitisation has increased in the country due to the pandemic

It is my duty to appeal: FM Sitharaman on Cairn arbitration award

India's sovereign authority to tax cannot be questioned by anybody, she asserts

Modi, Swedish PM discuss defence; aware of Gripen-maker Saab's pitch: MEA

Prime ministers of the two countries on Friday noted defence is an important area of a long-standing collaboration

Entire fiscal stimulus to be funded by borrowing, revenues: FM Sitharaman

The FM said taxpayers will not be charged even a single penny.

Digital transformation: E-lenders rely on tech, not recovery agents

The moratorium, announced in the wake of the pandemic, has put several digital lenders out of business, say people familiar with the matter

Indian economy to do better than -8% prediction: Finance ministry

The ministry said economic activity is gathering pace with mild stiffening of pandemic curve

Govt wants to sell profitable PSUs; it must strengthen, not sell them: Cong

The Congress said the government should not only do a re-think on embarking on a 'distress privatisation drive' but should also strengthen PSUs

India's forex reserves increase by $689 million to $584.55 billion

The reserves increased for the second consecutive week

Pandemic eats up Rs 13 trn of India's household income: Report

Economists at UBS Securities India led by Tanvee Gupta Jain said the economy could slow by mid-2021 as households that lost incomes during the pandemic could drag consumption with a lag