Page 1491 - Economy & Policy News

Bank credit grows to 6.58% to Rs 107 trn, deposits at 11.75%, says RBI data

In the fortnight ended February 14, 2020, bank credit stood at Rs 100.43 lakh crore and deposits at Rs 132.26 lakh crore

Mamata's new Bengal a mixed bag as 'paribartan' has come in bits and pieces

Icra data shows that in per capita income (at current prices), the state is behind AP, Goa, Telangana, Karnataka, Haryana, Punjab, Tamil Nadu, among others

Govt considering reduction in excise duties on petrol, diesel: Report

Finance Ministry may take a final call on fuel tax cut following Opec's meeting this month, say sources

Indian seafarers' body inks 6 pacts worth Rs 225 cr with shipping regulator

The six MoUs are to the tune of Rs 225 crore in a span of five years

Spectrum auction: Govt receives bids amounting to Rs 77,146 cr in Day 1

A total of 2308.80 MHz spectrum is being put to auction, out of which there have been bids for 849.20 MHz so far, Ministry of Communications said in a statement

Railways registers higher cumulative freight loading till Feb 28 than FY20

Freight loading crossed 5 million tonnes on February 28, the ministry said

Govt expects investment worth Rs 3.39 trn during Maritime India Summit

The government is aiming to attract investment worth Rs 3.39 lakh crore during Maritime India Summit 2021 in various projects.

Govt gets multiple bids for Shipping Corporation of India privatisation

The last date for submitting the bids was February 13, which was later extended to March 1

Delhi govt suspends subsidy on Tata Nexon EV over poor range performance

Delhi Transport minister Kailash Gahlot on Monday said several users had complained of ''sub-standard'' driving range offered by the Nexon electric vehicle

Mandatory FASTag to help save Rs 20,000 crore a year on fuel: Gadkari

The move will boost the revenue by at least Rs 10,000 crore, Union Minister Nitin Gadkari said on Monday

Spectrum auction: Bid amount exceeds Rs 77,000 cr on Day 1, says govt

'Substantial industry interest in 800 MHz, 900 MHz, and 2300 MHz bands; no bids for spectrum in 700 MHz and 2500 MHz bands,' says Ministry of Communications

Highways construction touches record 33 km a day: Nitin Gadkari

Gadkari on Monday said highway building has achieved a new feat, with the construction touching record 30 km a day

GST collections surpass Rs 1.1 trn-mark for 3rd straight month in Feb

The revenues for the month of February 2021 are 7 per cent higher than the GST revenues in the same month last year

Chhattisgarh CM presents budget of Rs 97,106 cr for 2021-22

The state budget is for fiscal year 2022

PM Modi says farmers should get more avenues to sell their harvest

Modi said a food processing revolution was needed in the country

Spectrum auctions underway; radiowaves valued at Rs 3.92 trn up for bidding

Spectrum will be offered for assignment for a validity period of 20 years

Ride-hailing in India bounces back to 63% of pre-Covid levels: Report

With the impact of Covid-19, the sector saw a significant drop in usage last year as offices began remote work culture and most of the educational and other places closed for months

Telecom auctions start today; 700 MHz premium may go unsold yet again

The premium band is considered ideal for internal coverage but went unsold in the 2016 auctions. TRAI in its recommendations in August 2018 reduced the price by 40%

Centre paid just Rs 6,140 cr to Maha out of Rs 46,950 cr GST dues: Governor

Koshyari on Monday said, the Centre has paid just Rs 6,140 crore and Rs 11,520 crore as loan by the end of February

India's power consumption grows marginally by 0.88% in February

The reason was a slight rise in temperature in the month, official data showed