Page 1548 - Economy & Policy News

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.

Finance ministry holds meeting to discuss roadmap for asset monetisation

Department of Investment and Public Asset Management (DIPAM) had signed an agreement with World Bank, in November 2020, to provide advisory services to the government for asset monetization

Rainipettai station back in action with freight movement after 25-year gap

The first rake of 21 BCN wagons transported 1,300 tonnes of fertilisers for Coromandel International, from Ranipettai to Tadepalligudem and Dwarapudi in Andhra

DGTR recommends anti-dumping duty on newsprint for five years

The commerce ministry's investigation arm DGTR has recommended the imposition of antidumping duty on newsprint

Centre plans e-portal to sell MSME products: Union Minister Nitin Gadkari

The Centre is working with State Bank of India to launch an e-portal on the lines of Amazon

Retail inflation for farm, rural workers eases in Dec on lower food prices

Retail inflation for farm and rural workers eased to 3.25 per cent and 3.34 per cent, respectively

Commerce, urban affairs ministries to work on logistics planning in cities

The move is aimed at promoting ease of doing business in the country

Will Covid-19 impact on informal sector disrupt GDP estimates in FY21?

While the informal sector has been affected more severely than the formal, it is also resilient and can revive quickly, say experts