Page 1493 - Economy & Policy News

Feb PMI eases to 57.5 from 57.7 in Jan, but remains at elevated level

Although growth more or less remained at an elevated level, employment declined further amid Covid-19 restrictions

Commercial bank credit to midsize firms up 27.9%, shows RBI data

Bankers said the economic recovery has begun to translate into a rise in demand for loans.

Reserve Bank India remains net buyer of US dollar in Dec, buys $10.014 bn

In November 2020, it was net buyer of the US dollar after it had purchased USD 14.289 billion and sold USD 4.028 billion

Jet fuel prices up by steep 6.5%; petrol, diesel unchanged for 2nd day

Jet fuel prices on Monday were hiked by a steep 6.5 per cent on the back of a rally in international oil prices.

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