Page 1556 - Economy & Policy News

Mutual Funds and FPIs were among the biggest traders of govt debt in 2020

While they hold no more than 5% of GOI debt stock jointly, their buying and selling stood out in 2020, when Centre and state govts expanded their market borrowing plans

Economic activity continues on normalisation, FY21 GDP to contract 6.7%

Economic activity continued with its pace of normalisation and the festivities helped narrow the deficits as compared to the year-ago period in December, a Japanese brokerage said on Wednesday.

Smart roads, dedicated toilets for third gender among plans in NDMC Budget

Smart roads, dedicated toilets for third gender, public e-charging stations, drinking water fountains, are among the plans listed NDMC

Govt approves proposal for mineral reforms to boost production: Report

The Cabinet on Wednesday approved a proposal for mega mineral reforms, a move that will boost mineral production in the country

Need to increase capital outlay in road sector by at least 15%: Icra

Rating agency ICRA on Wednesday said there is a need to increase capital outlay in the road sector by at least 15 per cent besides expediting asset monetisation programme.

India may grow at just 6% in FY22 if delay in vaccination: BofA Securities

BofA Securities said it expects GDP growth at 9 per cent in 2021-22 if the vaccine distribution is done in the first half of the new fiscal year

Ethanol from grains could push blending plan, though ethical issues remain

Move criticised for ignoring large-scale hunger and impeding initiatives to save ground water, though it could also help solve the problem of surplus grain lying with FCI

RBI forms working group on digital lending as frauds come into sharp focus

The group will suggest steps to regulate digital lending including online lending platform and mobile lending

UBS sees economy turning positive in H2, closing FY21 with 7.5% contraction

Swiss brokerage major UBS Investment Bank sees the Indian economy carrying forward the unexpected recovery seen in the second quarter into the third

Kerala can borrow additional Rs 2,373 cr after reforms in ease of doing biz

The Centre on Wednesday said it has permitted Kerala to borrow an additional Rs 2,373 crore after the state successfully undertook 'ease of doing business' reforms

RBI may not cut rates despite drop in retail inflation: Motilal Oswal

The Reserve Bank of India (RBI) is unlikely to further ease the interest rates in the next meeting of its Monetary Policy Committee even though retail inflation declined in December 2020, a report by

NCR residential sales grow 43% in Oct-Dec on festive discounts: JLL

The National Capital Region (NCR) witnessed a quarter-on-quarter growth of 43 per cent in the sale of housing units during the October-December period

Chennai residential sales up by 59 per cent to 2,500 units in Dec quarter

According to JLL, sales were concentrated in the southern suburbs submarket which accounted for 60 per cent of total the sales in the quarter

New Foreign Trade Policy 2021-2026 to be rolled out from April, says Govt

Union Ministry of Commerce and Industry on Tuesday said that India''s new Foreign Trade Policy 2021-2026, under formulation, will come into effect from April 1, 2021

Economists ask Modi govt to be more outward-looking in upcoming Budget

Economists suggested how to bring growth back to normal. That was the dominant theme discussed, sources said.

Covid-19 likely to bring a sharper focus on health care in upcoming Budget

CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.

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

The prices of short-term power traded on the power-exchanges remained steady over a moderate range (12%) during the year

Settle litigation for revenues, avoid new taxes in Budget: SBI report

SBI economists on Tuesday pitched for avoiding new taxes and urged the government to mount "honest attempts" to settle past litigations to raise resources instead

Budget Byte: What Sitharaman may have planned for subsidies in Budget

A lot of Budgetary funds get saved on subsidies in March, as off-Budget small savings replace them. It remains to be seen how it goes this year

'Pandemic paradox': Cash was king in 2020 as digital transactions increased

Experts cite hoarding as reason for 22% spike in currency in circulation