Page 1547 - Economy & Policy News

Pandemic-induced lockdowns boost household savings to 20-yr high: Report

Extra savings pegged at $200 billion, according to a foreign brokerage report

BRNL inks deal to sell Odisha road project, valued at around Rs 2000 cr

The deal is for Shree Jagannath Expressway Private Limited, the special purpose vehicle (SPV) engaged in the development of a 67-kilometre toll road project from Bhubaneswar to Chandikhole, in Odisha

PE investments in real estate down 40% at $4.06 billion in 2020

The pandemic played spoilsport

Govt expects global oil majors will join race for $6.5-bn BPCL sale

India seeks to boost spending to help Asia's third-biggest economy shake-off the pandemic-fueled downturn

World is surprised at Indian economy's 'V-shaped recovery': Shah

The Indian economy is undergoing a 'V-shaped recovery', Union Home Minister Amit Shah said

Average apartment sizes in top 7 cities grew 10% in 2020, says study

"A fairly sudden change in consumer preferences against the backdrop of Covid-19 exigencies in 2020 first halted, then reversed the 'honey, I shrunk the flat' effect," the report said

Allocation for Jal Jeevan Mission may be doubled in upcoming Budget

Ministry hopeful of uptick in activity; may take Rs 12k-crore loan from Nabard

Govt plans to lift cap on flights, wants airlines to fly full capacity

Except IndiGo, airlines resist lifting of cap as traffic uncertain

Pay farmers before delivery of crops to avoid rows under new Acts: Paper

The paper also called for better oversight and regulation for trading on an electronic platform as facilitated by the Acts

IRFC's Rs 4,500-crore IPO subscribed 3.7 times on the final day

Market players said the response was lukewarm when compared to some of the recent issues

Bajaj Finance net down 30% to Rs 1,049 crore, forays into e-payments

With this app, Bajaj Finance will make an entry into the digital payments space

SC allows CERC to open and clear pending cases, restricts some functions

The country's apex electricity regulator was under suspension since August 2020 when the power ministry failed to appoint a mandatory member (Law) in CERC's quorum

Supreme Court rejects pleas seeking review of 2018 Aadhaar verdict

The Supreme Court has dismissed a batch of pleas seeking review of its 2018 verdict which had upheld the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions, including its linking with bank accounts, mobile phones and school admissions.

Treasury bill yields start inching higher on liquidity normalisation

RBI last week stepped into normalise its ultra-loose liquidity policy by introducing a Rs 2 trillion 14-day reverse repo auction.

Power demand touches all-time high of 185.82 GW, says Secretary S N Sahai

All-India power demand on Wednesday morning touched a record high of 185.82 gigawatts (GW)

Next round of coal auction to have only small and medium-sized mines

The mines won't have legacy or legal issues as the Centre is trying to make the process as seamless as possible

US remains key forex source for India, accounts for 15-17% of goods exports

China remains the main source of India's imports, with the US at a distant fifth place

Build consensus on farm laws, Montek Singh Ahluwalia tells Modi govt

The NDA government needs to build a consensus among people through discussions, former deputy chairman of erstwhile Planning Commission Montek Singh Ahluwalia said.

Income tax refunds worth Rs 1.76 trillion issued between Apr 1-Jan 18

The Income Tax department on Wednesday said it has issued over Rs 1.76 trillion worth refunds to over 1.65 crore taxpayers so far this fiscal.

ICEA seeks minimum base rate of 1.5% for electronics sector under RoDTEP

Mobile devices industry body ICEA on Wednesday sought a minimum base rate of 1.5 per cent for the electronic sector under the RoDTEP scheme to push exports.