Page 1519 - Economy & Policy News

Bank credit grows by 5.93% to Rs 107 trn, deposits by 11.06%: RBI data

Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended January 29, RBI data showed.

Govt liberalises mapping policy, allows free access to geospatial data

The change is made specifically for Indian companies through updating the current guidelines pertaining to developing map technologies

GST shortfall: FinMin releases weekly instalment of Rs 6,000 cr to states

This takes the total amount released so far to Rs 95,000 crore

January trade deficit narrows to $14.54 bn, exports rise 6.2% to $27.4 bn

Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion

Why Bitcoin's latest record-breaking rally is not as chaotic as 2017 boom

On a rolling 60-day basis, the swings in Bitcoin are generally smaller now than when Bitcoin was peaking in 2017.

Access to geospatial data will empower domestic industries: Harsh Vardhan

The new policy of institutionalising ease of access of geospatial data will empower domestic industries and surveying agencies, the minister said

States' fiscal deficit to narrow to 4.3% of GDP in fiscal 2022: Report

The aggregate fiscal deficit of states is likely to be at 4.3 per cent of the GDP in 2021-22 compared to 4.6 per cent in 2020-21, says a report by India Ratings and Research

Govt announces liberalisation of policies governing geo-spatial data

The move could help in boosting innovation in the sector and create a level playing field for public and private entities

Maharashtra plans to take Rs 15,000 cr loan from ABD to build roads: Chavan

Speaking to reporters here, Chavan said the backlog in road work had gone up and the funds required would be more than what the state budget has allocated

IT industry to grow by 2.3% in FY21 despite dip in tech spends: Nasscom

Exports will go up by 1.9 per cent to USD 150 billion, industry lobby Nasscom said

WPI inflation at 2.03% on costlier manufactured items, food prices ease

The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year

Top headlines: 10 Indian startups may get $10 bn in IPO, IBC set to resume

Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here

Statsguru: Six charts explain India's energy future amid Covid-19 pandemic

In a situation without Covid-19, India was envisioned to have a strong power demand in the coming decade

IBC set to resume; relief for key worst-affected sectors on the cards

Top officials to meet this week to discuss the matter

FinMin to infuse Rs 3,000 cr in state-owned general insurers this quarter

Last year, the Union Cabinet headed by Prime Minister Narendra Modi cleared proposal to provide capital support to National Insurance, Oriental Insurance and United India Insurance

Petrol price hits the Rs 99 a litre mark in Rajasthan, diesel at Rs 91

Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row.

Singapore-based DBS Bank plans to trim India branches in 2-3 years

The combined deposits of its Indian operations stood at SGD 9 billion and net advances were at SGD 5.6 billion at the end of December 2020

Indiabulls Housing Finance plans to raise Rs 5,000 crore this quarter

Mortgage lender Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in fourth quarter of the current financial year, according to a senior company official.

Experts unsure if new AAR for direct taxes will resolve disputes faster

Experts also believe that at least pendency of cases would come down, though only time will tell about quality of orders

Immediately adopt FASTag now, won't extend deadline, says Nitin Gadkari

The FASTag registration has gone up to 90 per cent on some routes and only 10 per cent people are left.