Page 1552 - Economy & Policy News

Rs 4,500-cr IRFC IPO subscribed 65% on Day-1, retail portion by 1.24 times

Employee quota lapped up by over 13 times. HNI and institutional book saw only a few bids

No abrupt fiscal correction must be attempted in 2021-22: TN to Sitharaman

Wants borrowing limit of states to be raised to 5%, extension of period under tax loss carry forward, among other things

Online gaming industry urges govt to set up self regulatory body for sector

The online gaming industry on Monday urged the government to set up a self-regulatory body

Power engineers to protest on Feb 3 against privatisation of discoms

The engineers are set to protest against the move to privatise distribution companies by the central government

Chennai tops in leased manufacturing space absorption in India: JLL

India's leased manufacturing space absorption was at 6.6 mn sq ft in 2020. Chennai, Pune and Delhi NCR topped with three-fourths of leased manufacturing space deals in 2020

Statsguru: Bank lending in the slow lane amid Covid-19 pandemic

In a period of slowing credit growth, only PSUs have sequentially borrowed more, and that too, only from private banks

Budget Byte: Farmer income support nears target, but gap remains

This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

At $43 mn each, Hindustan Aeronautics' Tejas Mark 1A seeks export market

At Rs 315 crore ($43 million) per fighter, the Tejas Mark 1A would be a viable competitor in the international market for light fighters. It would be less so if taxes took up its cost to Rs 385 crore

Ease fiscal deficit, look at higher spend for future: Assocham President

Infra spending has thrice the desired impact, govt's Rs 111 trn National Infrastructure Pipeline should be speeded up, says Vineet Aggarwal

Budget 2021-22 wishlist: Here are the key challenges in retail sector

Inadequate physical, digital infrastructure affecting efficiencies in supply chain management

System strengthening: Northeast states lead in power supply infra push

Under system strengthening, which entails construction of last mile power supply infrastructure, the physical progress is 86 per cent in the region

Short-term interest rates increase 25-30 basis points, shows data

The reason why short-term rates have spiked is liquidity normalisation

Budget 2021: Govt likely to target fiscal deficit at 4% of GDP by FY26

Centre to deviate from long-standing medium-term target of 2.5-3% of GDP

Stiff targets for PSUs: How they are caught between govt and markets

State-owned companies have been set stiff targets to increase accountability as they get ready for disinvestment. Here's why meeting them will be challenging

Tracing the broad spectrum of NGO foreign funding ecosphere in India

According to FCRA, NGOs are only eligible for FCRA registration if they have been in existence for at least three years

Indian economy may contract 25% in current fiscal: Economist Arun Kumar

The Indian economy is not recovering as fast as the government claims and the country's economy may contract 25 per cent in the current financial year, noted economist Arun Kumar said on Sunday

Excise duty collection jumps 48% this fiscal on record hike in fuel taxes

While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48 per cent in the current fiscal on the back of a record increase in taxes on petrol and diesel

How Mukesh Ambani, Gautam Adani were caught in crossfire over farming laws

Farmers say laws opening up India's agriculture markets were designed to allow billionaires such as Mukesh Ambani and Gautam Adani to enter farming. The tycoons say they have no such interest.

Railways ministry nod to new iron ore policy, to come into effect in Feb

Higher priority given to movement of iron-ore traffic for domestic manufacturing

Both exports and imports record growth in December; first time since Feb

Trade deficit at 25-month high as imports surge 8% after continuous declines; Data shows industrial activity picking up in December