Page 1525 - Economy & Policy News

After pandemic-hit 2020, Delhi sees rise in power demand in new year

Electricity demand in Delhi is picking up in the new year, recovering from the coronavirus pandemic-hit 2020, with January registering 19 per cent more peaks on 23 days than that in the last year

Working with RBI to execute bank privatisation announced in Budget: FM

Speaking to reporters in the financial capital, Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks

India's aspiration needs 20 SBI-sized institutions: FM Sitharaman

Sitharaman said the government would work with the Reserve Bank for execution of the bank privatisation plan announced in the Budget

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

Business confidence improves with rollout of vaccines: Think tank NCAER

The Business Confidence Index (BCI) developed by the Delhi-based economic think tank NCAER rose 29.6 per cent between second and third quarter of the current financial year

Higher deficit shouldn't put pressure on India's sovereign rating: DEA Secy

India's sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the C-19 pandemic, said Economic Affairs Secretary

Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Exp secy

The government is confident of lowering the fiscal deficit to 4.5% of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 per cent every year, Expenditure Secretary T V Somanathan said

Govt may increase MGNREGA spend if need arises: MoS Anurag Thakur

The government would not hesitate to increase the spend under the MGNREGA Programme if the need arises in the future, Anurag Singh Thakur has said

Rs 79,398-crore special support from FinMin may save Covid-hit railways

Even before Covid-19 struck, the national transporter was so short of money that it could provide for only a third of its annual liability.

Interest on public debt may eat away half of govt tax revenue in FY21, FY22

Expenditure on interest will account for 52.4 per cent of the central tax revenues in FY22

Is Union Budget 2021-22 inflationary? Experts not on the same page

The government has ruled out tweaking the inflation target under the monetary agreement framework between it and the RBI

Statsguru: The Fifteenth Finance Commission lays down fiscal road map

Revenue of Centre and states is just 19 per cent of GDP, according to the International Monetary Fund.

Govt trying to cut fuel prices, but onus also on state govts: Smriti Irani

Union Minister Smriti Irani on Sunday said the Centre is trying its best to reduce fuel prices and the Rajasthan government should also do its part.

Govt eyeing 1,000 routes under UDAN from 100 underserved airports: Puri

He also said that privatisation is required in the field of aviation as it is not the government's specialisation to run airports

Centre asks Kerala to start acquiring land for Rs 64,000 cr rail project

Union finance ministry has approved the revised debt-fund raising plan for the Rs 64,000-crore semi-high speed rail project connecting Kerala capital Thiruvananthapuram with its northern tip Kasaragod

LED lighting product makers to approach govt over custom duty hike on parts

Prices of LED lighting products, including bulbs, may go up by 5-10 per cent as the government is going to raise customs duty on the imported components

FPIs remain net buyers at Rs 12,266 cr in first 5 trading sessions of Feb

Overseas investors pumped in a net Rs 10,793 crore into equities and Rs 1,473 crore in the debt segment between February 1-5

Power demand remains higher in 1st week, crosses record peak of Feb'20

India's peak power demand met or the highest supply in a day has remained higher in the first week of February till Friday and surpassed the record high supply of 176.38 GW for February last year

Paddy procurement at MSP up 18% at 61.4 mn tn valuing nearly Rs 1.16 trn

Paddy procurement at MSP has risen by 18% so far this kharif marketing season to 61.4 mn tonnes, amid farmers protest at Delhi-borders against three new agri marketing reform laws

Four states to borrow addl Rs 5,034 crore post ease of doing biz reforms

The Finance Ministry has granted permission to four states of Assam, Haryana, Himachal Pradesh and Punjab