Page 1529 - Economy & Policy News
India has received $358.30 bn in FDI during 2014-20: Govt tells Lok Sabha
Replying to a separate question on gold imports, Minister of State for Commerce and Industry Hardeep Singh Puri said India has imported 306.55 tonnes of the yellow metal during April-December 2020
 "India has received $358.30 bn in FDI during 2014-20: Govt tells Lok Sabha")
Govt has no plan to close down BSNL, MTNL: Telecom Ministry tells Lok Sabha
The government had announced a revival package of around Rs 69,000 crore in October 2019
 "Govt has no plan to close down BSNL, MTNL: Telecom Ministry tells Lok Sabha")
RBI imposes Rs 55 lakh penalty on Pune-based Seva Vikas Cooperative Bank
A notice was issued to Seva Vikas Cooperative Bank advising it to show cause as to why penalty should not be imposed on it for such non-compliance with the directions
 "RBI imposes Rs 55 lakh penalty on Pune-based Seva Vikas Cooperative Bank")
Helicopter operations in India well below the country's potential: Puri
Helicopter operations in the country are well below its potential, Civil Aviation Minister Hardeep Singh Puri said Wednesday.
 "Helicopter operations in India well below the country's potential: Puri")
Inclusion of G-Secs in global indices likely by next fiscal: DEA Secy
The government and RBI are working on inclusion of Indian sovereign bonds by the second half of the next fiscal, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
 "Inclusion of G-Secs in global indices likely by next fiscal: DEA Secy")
Tangible economic gain to AAI on leasing out six airports under PPP: Govt
Adani Group has won the bids for the six airports
 "Tangible economic gain to AAI on leasing out six airports under PPP: Govt")
India has potential to create Aatmanirbhar secured internet, says ITI forum
India now has the potential to create its own secured internet by setting up a root server locally for less than Rs 10 crore, according to state-run ITI and industry platform IPv6 Forum.
 "India has potential to create Aatmanirbhar secured internet, says ITI forum")
BMC unveils Rs 39,038 crore budget, keeps tax structure unchanged
The Brihanmumbai Municipal Corporation (BMC) on Wednesday unveiled Rs 39,038.83 crore budget for the year 2021-22.
 "BMC unveils Rs 39,038 crore budget, keeps tax structure unchanged")
Slower consolidation to constrain fiscal strength over medium term: Moody's
Rating agency Moody's on Wednesday India's fiscal deficit projections are higher than expected
 "Slower consolidation to constrain fiscal strength over medium term: Moody's")
GST shortfall: FinMin releases weekly installment of Rs 6,000 cr to states
This takes the total amount of fund released so far to Rs 84,000 crore
 "GST shortfall: FinMin releases weekly installment of Rs 6,000 cr to states")
Cereals exports rise 53% to Rs 49,832 cr in Apr-Dec: Commerce min
The country's cereals exports have increased by about 53 per cent to Rs 49,832 cr during April-December 2020 on an year-on-year basis
 "Cereals exports rise 53% to Rs 49,832 cr in Apr-Dec: Commerce min")
We are fast achieving pre-Covid levels in exports: Commerce secy
The country's exports recorded a positive growth in January
 "We are fast achieving pre-Covid levels in exports: Commerce secy")
RBI's monetary policy committee starts deliberations on interest rates
The committee is likely to hold interest rates steady and continue with an accommodative policy stance
 "RBI's monetary policy committee starts deliberations on interest rates")
Power engineers, employees stage nationwide protest against privatisation
Power engineers and discom employees demanded to scrap the process to privatise discoms in states and Union territories
 "Power engineers, employees stage nationwide protest against privatisation")
Ensure strict implementation of norms to curb unsolicited calls: HC to Trai
The Delhi High Court Wednesday directed telecom regulator Trai to ensure "complete and strict" implementation of the regulation issued by it in 2018
India does not agree with USTR's report on e-commerce tax: Commerce Secy
India is not agree with the United States Trade Representative (USTR) report that the country's two per cent equalisation levy on foreign e-commerce firms discriminates against American companies
 "India does not agree with USTR's report on e-commerce tax: Commerce Secy")
GMPF seeks PM Modi's intervention for mining resumption in Goa
Goa Mining People's Front (GMPF) has sought Prime Minister Narendra Modi's intervention to help resume mining in Goa
 "GMPF seeks PM Modi's intervention for mining resumption in Goa")
India invites global defence, aerospace firms to set up manufacturing units
India on Wednesday invited global defence and aerospace companies to set up manufacturing units in the country taking advantage of various initiatives taken by the government in the field.
 "India invites global defence, aerospace firms to set up manufacturing units")
Services PMI rises to 52.8 in Jan on the back of demand, consumer optimism
That improved sentiment was in line with findings of a Reuters poll last month that predicted Asia's third-largest economy would recover from the Covid-19 crisis more strongly than previously thought
 "Services PMI rises to 52.8 in Jan on the back of demand, consumer optimism")
Power ministry to launch manufacturing programme for critical equipment
The scheme titled 'Manufacturing Zones under Atmanirbhar Bharat Package' in the Union Budget would entail setting up three manufacturing zones in a year
 "Power ministry to launch manufacturing programme for critical equipment")