Page 1551 - Economy & Policy News

Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr

Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner

India seen contributing 15% of global growth by fiscal year 2026

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity, says a report

Uttar Pradesh emerges fifth largest exporter during Covid-19 pandemic

The Yogi Adityanath-led government in Uttar Pradesh has emerged as the fifth largest exporter of goods during the Covid-19 pandemic

FinMin allows Madhya Pradesh to raise Rs 1,423 cr through market borrowing

This comes after the state implemented power sector reforms

Biz leaders see trade recovering from Covid faster than 2008 crisis: Study

Firms reallocating a third of their revenue from the first half of 2020 to re-modelling their supply chains

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

NBFCs and fintech players have urged Sitharaman to enhance the lending facilities by three to four years

Kerala plans to set up dedicated VC fund, open govt market for startups

Fund to be set up with backing of public sector banks and Kerala State Industrial Development Corporation

East Delhi Municipal Corporation panel rejects new taxes proposed in budget

The Standing Committee of the cash-strapped EDMC on Monday rejected the three new taxes, including a professional tax and a betterment tax, proposed in its annual budget to augment its revenue

Covid-19 slows EV ride as consumers prefer traditional engine: Survey

Respondents show greater confidence in owning hybrid cars over e-cars

Harsh winter in key markets drives spot LNG prices in Asia to record levels

Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up

Common political agenda: Support when in power, slam when in Opposition

The farm laws, Aadhaar, DBT and GST are just a few instances of political parties in the Opposition taking a contrarian stance on issues they supported when in power

Budget 2021: Special window for big-ticket foreign investments likely

Facility to be available for FDI proposals worth over Rs 3,000 cr

Raise tax deduction limit under Section 80D in Budget: Non-life insurers

Under Section 80D, one can get tax deduction of up to Rs 25,000 for health insurance premiums for individuals below 60 years

States urge FM Nirmala Sitharaman to raise fiscal limit in Budget

Another state finance minister said it was made clear that the Union Budget must announce something major with regards to state finances.

Petrol nears Rs 85-mark in Delhi, diesel closer to Rs 82 in Mumbai

The price hike on Monday came after three days of uncha­nged rates.

Low production due to Covid-19 raising fuel prices: Dharmendra Pradhan

This lower production had caused an imbalance in demand and supply, the minister said

Economic activity tentatively returning to pre-Covid levels, says Icra

It can be noted that there have been apprehensions about the sustainability of the demand after a pick-up in economic activity during the festivities

Recovery tracker: Workplace visits on the rise, Delhi emissions gain

Improvement in goods carried moderated shows latest rail data

Govt may keep Rs 7,500 cr outlay for IT hardware under PLI scheme

The government has announced a cumulative production linked incentive of Rs 2 trillion for 10 sectors to encourage domestic manufacturing

Budget Byte: How GST collections and share of central scheme alter spending

While the actual expenditure on centrally sponsored schemes was more than the Budget estimate for FY17 and FY18, the target remained unmet in FY19 and FY20 (revised estimate)