Page 1500 - Economy & Policy News

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."

UP Budget 2021 has nothing on doubling farmers' income, job creation: Oppn

Opposition parties on Thursday said the Yogi govt had promised to double farmers' income and provide jobs to youths but the budget for 2021-22 has nothing on how it will fulfil these promises

Regulations on social media evoke divergent views from legal experts

The government's new regulations for social media platforms and OTT players Thursday evoked divergent responses from legal experts

Centre, states need to talk to ease load on consumer: FM on fuel price hike

On a separate note, Sitharaman says govt's intent is not to shut down PSUs but it wants pvt sector to infuse more capital and bring operational efficiency

Fuel prices rising as crude-producing nations raising prices: Pradhan

Pradhan on Thursday said petroleum products in the country are getting costlier due to rising prices of crude by oil-producing nations

Himachal CM Jai Ram Thakur to present budget on March 6: Speaker

Thakur will present Budget for the financial year 2021-22 in the state Assembly on March 6, with COVID-19 protocol in place

Social media platforms have to abide by Indian laws: Amit Shah

Shah on Thursday said the government is committed to providing a level-playing field to all digital media and OTT platforms

Asia seen driving 75% of LNG demand growth by 2040: Shell LNG outlook

Significant demand-supply gap seen opening in middle of current decade; China and India led LNG demand growth in 2020

Official, private digital currencies can coexist, say IMF experts

The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it

Centre wants to bring paradigm shift in agriculture sector: PM Modi

The Government is also working towards a system where medical and technical education would be given in local languages, he said

RBI's asset purchases did not dilute its balance sheet: Governor

Das on Thursday said the central bank's asset purchases did not dilute its balance sheet or compromise on core principles of central banking

Privatisation to unleash new opportunities, boost investment: India Inc

India Inc on Thursday said privatisation except in strategic sectors would unleash exciting opportunities, boost investments in infrastructure and create jobs.

Budget 2021 marks directional change for Indian economy: FM Sitharaman

She lauded the reform of faceless assessment for direct and indirect taxes, saying that tax terrorism will be a thing of the past, but also warned that "technology terrorism" will now gain ground

Social Media Intermediary Guidelines: Full load of what the govt announced

No safe harbour if due diligence not followed; platforms to remove or disable sexual content within 24 hours of complaint; Chief Compliance Officer post, monthly compliance report mandatory

Govt announces new guidelines to curb abuse of social media platforms

Social media is empowered and welcome to do business in India, said Prasad, adding that it is also very important that users must be given a forum against abuse of social media

Need to increase logistics arrangement for steel sector: ISA

There is an urgent need to increase and improve the logistics arrangement for the domestic steel sector, ISA said

Govt working to improve ease of doing biz in pharma sector: Minister

The government is continuously working to reduce regulatory compliance burden on the pharma industry, Union Minister for Chemicals & Fertilisers D V Sadananda Gowda said