Page 1539 - Economy & Policy News

15th FC may recommend farm export incentives for states in Budget session

The final report is expected to be tabled in Parliament during the Budget session that begins on Friday.

Budget Byte: Post-pandemic Budget has less room for targeted spending

Efficacy of fiscal deficit is limited by revenue deficit - the lower the latter, the bigger the space for capex

Why India should honour the $1.2 bn arbitration award in Cairn's favour

This year's budget is due on Monday. All that Finance Minister Sitharaman has to do is to make a provision for the Cairn payment, an insignificant footnote in her $415 billion-plus expenditure plan

PE/VC investments in 2020 at par with 2019 at $47.6 billion, says EY-IVCA

Investments in Reliance Group entities worth S$17.3 billion accounted for 36% of all PE/VC investments in 2020

Have no responsibility to audit members of UPI ecosystem: RBI tells SC

The Reserve Bank of India (RBI), in its affidavit filed in the top court, also said that the matters related to "data privacy and data sharing" come under the domain of the central government

Govt's Budget 2021 aiming to revive economy with limited fiscal headroom

The sources said the government was also likely to project a tax revenue increase of 18-20%, aided by the lower base of the current year and an expected economic turnaround

India, Japan review implementation of projects in Northeastern region

India and Japan on Thursday reviewed progress of various ongoing projects in the Northeastern region in areas of connectivity, hydropower, sustainable development and harnessing of water resources

Amazon signs MoU with K'taka to help drive e-commerce exports from state

The Amazon India on Thursday signed a Memorandum of Understanding (MoU) with the government of Karnataka

Average stipend payout likely to witness 3% growth in 2021: Report

The average stipend payouts for apprentices, which witnessed a positive growth in 2020 despite pandemic-related disruptions, are expected to rise over 3 per cent in 2021, according to a report.

Completion of 200 projects during Covid helped Railways' future plan: Goyal

Railway Minister Piyush Goyal on Thursday said the completion of 200 long pending projects during the coronavirus period helped the Railways in planning for the future.

Railways should diversify freight portfolio: Ficci-Crisil White paper

Another key proposal is to allow private players to run trains on the dedicated freight corridors

Competition Commission approves Indo Gulf Fertilizers-Indorama deal

CCI said it has cleared the proposed acquisition of Indo Gulf Fertilizers by Indorama India Private Ltd

Gadkari asks EV makers to shift towards indigenous battery technology

Gadkari on Thursday asked the EV industry to shift towards indigenous battery technologies

Global public debt could touch 98% of GDP in 2020 amid Covid crisis: IMF

India's government debt is expected to remain elevated at 83 per cent of GDP

Power generation may further improve in fourth quarter: Ind-Ra

Power generation in the country would continue to grow in fourth quarter of this fiscal year, rating agency Ind-Ra said in a report

5G core network should be Indian; permission for trials soon: Prasad

Prasad said the country should move faster on the next-generation technology with indigenously made telecom gears

Inflows into RIL arms take 2020 PE, VC investments close to 2019 level

Private equity and venture capital fund investments in India stood at $47.6 billion in 2020

K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said

Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

India plans higher levy on some imported goods to boost local manufacturing

Refrigerator, washing machines, cloth dryers, aluminum and electrical goods are among products likely to see an increase in customs duty, the people said asking not to be identified citing rules