Page 1555 - Economy & Policy News

Govt notifies modified scheme on ethanol production to assist distilleries

The government on Thursday notified a "modified" scheme to provide financial assistance to distilleries producing first-generation ethanol from feedstocks, including cereals.

Home ministry extends validity of FCRA registration of NGOs till May 31

MHA has extended the validity of registration certificates issued to NGOs under the Foreign Contribution (Regulation) Act, expiring between September 29, 2020 and May 31, 2021, till May 31 this year.

Kerala suffered Rs 1.56 trn revenue loss due to pandemic: FinMin Isaac

Kerala has suffered a revenue loss of Rs 1.56 trillion due to the Covid-19 pandemic and subsequent lockdown, state Finance Minister T M Thomas Isaac said on Thursday.

CSIR forms new institution to further strengthen science communication

Technology Minister Harsh Vardhan on Thursday laid the foundation stone of CSIR, formed after the merging of CSIR-NISCAIR and CSIR-NISTADS, a step aimed at further strengthening science communication.

Self-reliance push in health sector to generate massive employment: Vardhan

Union Health Minister Harsh Vardhan said there will be massive employment generation as an impact of measures undertaken by the government for self-reliance in the health sector

India's December wholesale inflation slows to 1.22% as food prices ease

The wholesale price-based inflation slowed to 1.22 per cent in December on easing food prices, as per government data released on Thursday

As food prices ease, wholesale inflation comes down to 1.22% in December

India's wholesale price based inflation eased to 1.22% in December from a year earlier, helped mainly by a lower increase in food prices

India face lasting Corona damage; growth to be 6.5% in medium term: Fitch

The Indian economy will suffer lasting damage from the coronavirus crisis and after an initial strong rebound in FY22 growth will slow to around 6.5 per cent a year over FY23-FY26, Fitch said

Income-Tax department brings out 'faceless penalty scheme'

It is aimed to complement the faceless assessment scheme by handling penalty recommendations

Govt to set up national, regional centres for faceless penalty proceedings

As per the scheme, the National Faceless Penalty Centre will facilitate the conduct of faceless penalty proceedings in a centralised manner and has been vested with the jurisdiction to impose penalty

HAL chief welcomes Tejas approval; says will boost India's aerospace sector

Welcoming govt's approval to the Tejas deal, HAL chief R Madhavan described it as a major shot in the arm towards India's goal of achieving self-reliance in the aerospace and aeronautics sector

Boost to production and pvt investment as mining reforms get green signal

Centre removes distinction between captive and merchant mines, will amend the Mines and Minerals (Development and Regulation) Act, 1957 to enforce reforms

Budget Byte: Disinvestment way behind target of Rs 2.1 trillion, again

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

Govt likely to unveil new DFI framework in upcoming Union Budget

Some measures for easier infra financing also on the card

Govt clears purchase of 83 indigenous Tejas light combat aircraft

India's largest indigenous defence procurement deal is worth Rs 45,696 cr

Non-life insurers see around 12% growth in December premiums, shows data

In the April-December period of FY21, the general insurers' premium totalled Rs 1.25 trillion, up 1.14 per cent over last year

Inflation finally in target range, but RBI may still not cut rates: Experts

Bond market is not factoring in a rate cut in February policy either

RBI constitutes working group to develop and regulate digital lending

The six-member panel comprising four RBI internal members and two external members is expected to submit its report within three months

Jefferies expects home prices to surge by over 10% in next two years

Leading realtors say it's difficult to judge the trend

Demand for soybean meal in bird feed industry hit due to bird flu scare

The demand for domestic consumption of the protein- rich feed is likely to reduce by 100,000 tonne in January, the official said