Page 1497 - Economy & Policy News
Govt extends ban on international flights till the end of March
In a circular, the Directorate General of Civil Aviation (DGCA) said international all-cargo operations and flights specifically approved by the DGCA are exempted from the ban
 "Govt extends ban on international flights till the end of March")
Domestic air traffic may be back to full pre-Covid level by summer: Puri
The domestic air traffic is expected to be back to the full pre-COVID-19 level by the summer schedule with the traffic seeing a sharp recovery from the July quarter onwards, Puri said on Friday.
 "Domestic air traffic may be back to full pre-Covid level by summer: Puri")
Forex reserves increase by $169 mn to $583.865 bn, RBI data shows
The country's foreign exchange reserves increased by USD 169 million to USD 583.865 billion in the week ended February 19, RBI data showed
 "Forex reserves increase by $169 mn to $583.865 bn, RBI data shows")
Gadkari urges MSMEs to avail concessional finance and install rooftop solar
Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency.
 "Gadkari urges MSMEs to avail concessional finance and install rooftop solar")
New rules for social media, OTT require right implementation: Nasscom
IT industry body Nasscom on Friday said the new rules will require the right implementation to ensure they don't become onerous for the platforms
 "New rules for social media, OTT require right implementation: Nasscom")
Govt notifies 5-mn-user threshold for significant social media intermediary
Facebook and Twitter said they are studying the rules; Experts question compliance with PDP Bill
 "Govt notifies 5-mn-user threshold for significant social media intermediary")
India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data
Congress'' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before
 "India hit by 'double whammy' of low growth, high inflation: Cong on Q3 data")
Retail inflation for industrial worker eases to 3.15% in January
Retail inflation for industrial workers eased to 3.15 per cent in January against 7.49 per cent in the same month last year, mainly due to lower prices of certain food items
 "Retail inflation for industrial worker eases to 3.15% in January")
Growth in Dec qtr shows economy returned to pre-pandemic times: FinMin
The National Statistical Office (NSO) estimated the economy to contract 8 per cent during the full fiscal
 "Growth in Dec qtr shows economy returned to pre-pandemic times: FinMin")
Q3 GDP: Accelerated vaccination is key to sustaining growth momentum
With services sector not yet fully functional, consumption spending - private and government - continues to trend lower. However, capital formation did turn around in the previous quarter
 "Q3 GDP: Accelerated vaccination is key to sustaining growth momentum")
Jaishankar, UAE foreign minister hold talks, review bilateral ties
External Affairs Minister S Jaishankar and his UAE counterpart Sheikh Abdullah Bin Zayed Al Nahyan held talks
 "Jaishankar, UAE foreign minister hold talks, review bilateral ties")
NHAI daily toll collection through FASTag reaches record Rs 104 cr
National Highways Authority of India said its daily toll collection through FASTag has reached about Rs 104 crore
 "NHAI daily toll collection through FASTag reaches record Rs 104 cr")
Govt says pre-pandemic times are here as Q3 GDP grows at 0.4%
'Significant recovery in manufacturing and construction augurs well for the support these sectors are expected to provide to growth in FY22,' says Ministry of Finance
Indian economy to contract by 8% in 2020-21, show govt estimates
Real GDP or GDP at Constant Prices (2011-12) in the year 2020-21 is likely to attain a level of Rs 134.09 trillion
 "Indian economy to contract by 8% in 2020-21, show govt estimates")
Huge potential of pvt investment in 400 maritime projects: Govt
The government is eying huge private investment in 400 projects worth Rs 2.24 trillion
 "Huge potential of pvt investment in 400 maritime projects: Govt")
Frontloading of govt expenditure to drive private investment: Report
The government should prioritize executing infrastructure projects, says a report
 "Frontloading of govt expenditure to drive private investment: Report")
PM harps on trust and transparency for depositors, investors in fin sector
Says banking sector was badly hit 12 years ago due to aggressive lending; but now instead of brushing NPAs under the carpet, it is mandatory to report even one-day defaults
 "PM harps on trust and transparency for depositors, investors in fin sector")
GDP numbers: Positive surprise for third quarter but negative for FY21?
The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be expected to accelerate with time
 "GDP numbers: Positive surprise for third quarter but negative for FY21?")
RBI extends deadline to apply for umbrella entity on retail payments
The deadline has been pushed by over a month to March 31 in view of the pandemic
 "RBI extends deadline to apply for umbrella entity on retail payments")
Eight core industries' output up 0.1% in January
The rise came on the back of growth in the production of fertiliser, steel and electricity
 "Eight core industries' output up 0.1% in January")