Page 1502 - Economy & Policy News

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.

India's economy likely returned to growth last quarter, says poll

However, the wide range of forecasts in the latest poll - from a contraction of 4.7% to a 2.6% expansion - underscores the uncertainty.

Air conditioners manufacturers commit to export target of 50% of sales

As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.

PLI scheme: Pharma industry expects more guidelines on investment

B R Sikri, chairman of the Federation of Pharma Entrepreneurs, said, higher incentives would have meant more production of cancer drugs, thereby, bringing down their prices

Irdai forms panel to review security guidelines to deal with cyber-attacks

Irdai on Wednesday said it has formed a committee to review its information and security guidelines due to exponential increase in cyber-attacks across the globe in the wake of COVID-19

Railways hiked fares for short distances to deter non-essential travel

Hike covers less than 3% of total trains running; fares fixed in passenger trains at unreserved price of mail or express trains for the same distance

India expected to harvest record wheat, rice crops this year: Agri ministry

Rice output is estimated to rise by 1.2% to 120.32 million tonnes

Centre announces Rs 15,000 crore PLI for pharma, IT hardware sectors

Pharma scheme aims at Rs 3 trillion incremental sales, 100,000 jobs; experts say hardware scheme to help India become electronics manufacturing hub for the world

Plan to monetise 100 public sector assets, drawing Rs 2.5 trillion: PM

Says government has no business to be in business; 'Our mantra is monetise and modernise'

RBI to conduct simultaneous sale-purchase of govt securities next month

The Reserve Bank on Wednesday announced open market operations for sale as well as purchase of government securities for Rs 15,000 crore each.

TRAI invites suggestions on encouraging R&D in telco, broadcasting sectors

Sector regulator TRAI on Wednesday invited suggestions from industry, academia and public on encouraging Research and Development in telecom and broadcasting sectors

Bank unions oppose Centre's move to allow all pvt sector banks in govt biz

The finance ministry, in a statement, said all private sector banks can now participate in government-related businesses like collection of taxes, pension payments and small savings schemes

PM Modi says govt committed to selling non-strategic PSUs

Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs