Page 1554 - Economy & Policy News

Economy likely to contract up to 7.5% in FY21, may grow 11% in FY22: Ex-CEA

Addressing a virtual event organised by industry body PHDCCI, Virmani said in the upcoming Budget, the government should come up with policies to accelerate India's economic growth

Govt exhorts domestic steel makers to become more competitive globally

The government has exhorted domestic steel makers to become more competitive locally as also in export markets

India's total exports rise marginally to $27.15 billion in December

Imports surged 7.56 per cent to $42.59 billion, official data showed on Friday

Another recession looms for United Kingdom's economy as lockdowns bite

The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November

NGT forms committee to look into plea alleging illegal mining in Odisha

The National Green Tribunal has formed a committee to look into a plea alleging illegal mining and stone crushing in Odisha

India took 'decisive' steps to deal with coronavirus pandemic: IMF chief

IMF Managing Director Kristalina Georgieva asked the country to do more this year to support an accelerated transformation of the economy

Indian economy weak, credit growth bottoming out: BofA Securities

BofA Securities on Friday said the Indian economy continues to be weak, pointing to activity indicators tracked by it

Budget 2021: Govt's high debt may not warrant sovereign rating cut

Experts waiting for a debt management road map in Budget

CERC plans to embrace AI, machine learning to improve functioning

First quasi-judicial body to strengthen its digital back-end

A beaten track: Plan for Railways has vision but lacks clarity on execution

The national transport utility's long-awaited draft national plan merely reiterates a direction that has already been set

Late income-tax returns surge slows direct tax mop-up contraction

Net collection stands at Rs 6.57 trn, compared with Rs 7.24 trn a year ago

Sri Lanka revives port deal with India and Japan for sea terminal

The terminal will be developed with 51 percent ownership by Sri Lanka's government

Budget: One-time recast to tax sops, slew of measures in realty wish list

NAREDCO has sought removal of the Rs 2 lakh limit on income tax deduction on housing loan interest.

Prioritise spending, boost infra, sell PSUs: Raghuram Rajan on Budget

Former RBI Governor Raghuram Rajan says the government should take advantage of the peaks in the Indian equity markets right now and sell stakes in PSUs

Govt brings forward target of 20% ethanol-blending with gasoline by 2025

Last year the government had set a target of reaching 10% ethanol-blending by 2022 - meaning 10% of ethanol mixed with 90% of gasoline - and 20% by 2030

Bank credit growth rises to 6.6% in fortnight to January 1, shows data

Bank credit rose by Rs 1.57 trillion in the last fortnight of Q3FY21.

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

Close to 75% of medical devices are imported leading to forex loss

Survey shows most senior citizens want to work beyond retirement age

Conducted across urban centres in northern, western and southern India, the study shatters myths about the way the elderly spend their money

Economy to suffer lasting damage due to Covid, post strong rebound: Fitch

Medium-term growth to slow around 6.5 per cent a year over FY23 to FY26

WPI inflation eases in sync with retail, but core spikes in December

Softens to four-month low of 1.22% in December from 1.55% in November as food items enter deflationary zone; core inflation at 2-year high of 4.2%