Page 1499 - Economy & Policy News

RBI balance sheet not compromised by liquidity operations: Shaktikanta Das

The centre and state governments likely to reduce taxes to bring down high fuel prices

Cryptocurrency Bill may not be tabled in the current Parliament session

The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.

India likely to grow 13.7% next year; fiscal position weak: Moody's

Indian affiliate Icra expects considerable rebound in economic growth in FY22 on the back of higher central govt spending, pick-up in consumption

Reforms are good but can lead to tech terrorism: FM Nirmala Sitharaman

Says Budget shows govt trusts wealth creators, marking directional change

Is India's economic recovery V-shaped? All eyes on GDP data today

The economy contracted at an unprecedented 23.9 per cent in the first quarter (Q1) of FY21 and 7.5 per cent in Q2

Health insurance companies get over 900K Covid-19 claims, settle 84%

Overall, the insurers have settled almost 84 per cent of the claims in terms of the number of claims, and 52 per cent in terms of the amount of claims

Irdai launches standard personal accident cover, maximum Rs 1 cr assured

In the case of permanent total disablement, a similar benefit will be paid by the insurance firm

Max Life Insurance attains highest claim settlement ratio at 99% in FY20

Max Life Insurance on Thursday said it has settled individual claims worth over Rs 562 crore in 2019-20, and attained a settlement ratio of 99.22 per cent during the year.

Ministry of Corporate Affairs cautions investors against Nidhi companies

A Nidhi company is a non-banking financial company doing the business of lending and borrowing with its members or shareholders.

MCA signs pact with CBIC for data exchange to boost regulatory enforcement

The move, expected to enhance ease of doing business, will use data analytics and artificial intelligence to improve regulatory enforcement.

Armies of India, Pakistan agree to ceasefire on the Line of Control

Both sides have agreed to strictly observe all agreements and cease firing from midnight of February 24/25, 2021

Make next 10 years 'the decade of India': Piyush Goyal to pharma firms

Coining a new acronym, Goyal said the world today needs CURE - Cost-effective Uni­ve­rsal solutions through Research and Enterprise

Centre cannot charge GST on power services: Rajasthan High Court

Power distribution services draw zero GST rate since they fall under the negative list of services released by the Union government in 2017

OTT players apprehensive as Govt tightens rules on curated content

Legal experts say notifying rules for OTTs under IT Act may not be tenable; industry players seek clarity on oversight mechanism

AAI issues tenders for construction of 1st phase of Dholera airport in Guj

AAI on Thursday issued tenders for the construction of the first phase of an international airport at Dholera in Gujarat, entailing an investment of Rs 987 crore, according to an official statement

Govt promoting bamboo plantation to boost farmers' income: Narendra Tomar

The minister virtually addressed the inaugural session of ''National Consultation on Opportunities and Challenges for Bamboo in India''

Benchmark yields may jump to 6.4% by March 2022: Acuite Ratings Report

The benchmark bond (10-year tenor) yields had fallen to 5.6 per cent during the peak of the pandemic crisis but have since been rising and jumped 31 bps since the Budget

Irdai withdraws circular on dividends payouts for FY20 over Covid-19

Insurance sector regulator Irdai on Thursday withdrew its circular on dividend payouts for 2019-20 by insurers in the wake of COVID-19, citing improving economic conditions

Govt to consider up to 20 times incremental sales value for telecom PLI

Telecom gear makers will need to achieve at least 3 times higher value in sales compared to the investment they are required to make in their plant, other than land and building

Privatisation of private sector units against interest of people: AITUC

AITUC said "it deplores the policy of selling the PSUs, the national wealth to the corporates of Indian and foreign brand against the interest of our people and our country."