Page 1553 - Economy & Policy News

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)

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