Page 1501 - Economy & Policy News

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

'Code of ethics' to be applicable for news publishers, OTT players: Govt

The govt said a 'code of ethics' and three-tier grievance redressal mechanism would be applicable for news publishers, over-the-top (OTT) platforms and digital media

Govt improved rural, coastal connectivity to bolster farmer markets: Modi

Modi on Thursday said that his government has made several efforts to improve rural and coastal connectivity

India sees second-best year for fintech funding despite Covid-19: KPMG

India attracted 2.7 billion dollars in investment last year, the second highest amount ever, KPMG asid

No proposal to reduce tax on petrol, diesel: Uttar Pradesh govt

There is no proposal to reduce tax on petrol and diesel as revenue is needed to ensure betterment of health services and other development works, the UP government said

Office space absorption to grow 12-18% next fiscal : Crisil

Net leasing of commercial office space across the country will grow 12-18 per cent to 25-30 million square feet (msf) next fiscal, a CRISIL analysis showed

Govt to announce social media guidelines for Facebook, Twitter and others

Apart from a grievance officer whose details should be prominently displayed on the platform, rules also ask for appointment of a Chief Compliance Officer responsible for ensuring adherence to the Act

Moody's projects 13.7% growth in FY22, expects 7% contraction this fiscal

Moody's on Thursday upped India's growth projection for the next financial year beginning April 1

MSME emerged as growth engine of economy, showing revival: RBI Governor

The sector has been rendered vulnerable by the pandemic necessitating concerted effected effects to combat the stress and focus on the revival of the sector

India's recession exit gains momentum on services, manufacturing

Official data on Friday is likely to show that India exited a recession in the final three months of 2020, with economists in a Bloomberg survey forecasting a GDP expansion of 0.5% from a year ago

Centre lifts embargo on grant of govt businesses to private banks

Move will spur competition, promote efficiency in customer service standards

India's rich club to grow 75% by 2025 despite pandemic: Knight Frank study

As many as 91% of the ultra-rich are expecting a massive increase in their wealth over the next five years

Rs 1.15 trn transferred to 107.5 mn farmers under PM-Kisan: Tomar

The Centre on Wednesday said it has transferred over Rs 1.15 lakh crore directly to bank accounts of more than 10.75 crore farmers under the PM-KISAN scheme and asked states to ensure that all eligible beneficiaries are covered in this flagship programme.

India likely to harvest bumper wheat, mustard & chana crops in 2020-21

Foodgrain production is expected to rise 2% in 2020-21 season to record 303.34 mt, says govt

Bond market supply likely to double to Rs 70 trillion by 2025: CRISIL

This growth will have three drivers: investments, primarily for infrastructure; NBFCs and HFCs

SC directs SAT to hear NSEL plea against 'not fit and proper' brokers

The National Spot Exchange Ltd (NSEL) said the Supreme Court has directed the Securities Appellate Tribunal (SAT) to allow the bourse to present its appeal in the "not fit and proper" case against brokers.

Allow firms to invest in EL-rated infra projects: Govt to regulators

Regulators have now permitted investment in high-rated infra projects

Severe container shortage pushing up exporters' cost of doing business

This is an unusual imbalance caused by the lag in the revival of domestic demand following the Covid-19 lockdown

GST registration: Foreigners exempted from Aadhaar authentication

However, Indian citizens will have to follow the Aadhaar authentication or personal verification route for GST registration

Power Minister R K Singh calls for study on impact of hydro projects

Power Minister R K Singh on Wednesday brushed aside apprehensions that water storage or dam projects, which also generate hydro electricity, harm environment, and urged experts to commission an authoritative and scientific study to find out the truth.