Page 1558 - Economy & Policy News
After 2/3 wheeler EV push, focus should be on public transport: Kant
India has given incentives for buying electric 2 and 3 wheelers till now
 "After 2/3 wheeler EV push, focus should be on public transport: Kant")
Need for more indigenisation of India's oil and gas sector: Petroleum secy
Kapoor gave the example of gas meters and said that presently there is not enough capacity in the country to manufacture them
 "Need for more indigenisation of India's oil and gas sector: Petroleum secy")
Businesses hail Karnataka's 24x7 move, but infra and other concerns remain
The state announced the decision to allow all shops and commercial set-ups to run round the clock so that they recover revenue lost on account of Covid-19
 "Businesses hail Karnataka's 24x7 move, but infra and other concerns remain")
Next tranche of commercial mining auction to be launched this month
Further rounds will continue thereafter: Coal minister
 "Next tranche of commercial mining auction to be launched this month")
Adani Green commissions 25 MW solar plant in Uttar Pradesh's Chitrakoot
Adani Green Energy Ltd (AGEL) on Monday said it has commissioned a 25 MW solar power plant in Chitrakoot, Uttar Pradesh
 "Adani Green commissions 25 MW solar plant in Uttar Pradesh's Chitrakoot")
Textile industry asks govt to axe anti-dumping duty on viscose staple fibre
NCTC said the textile industry has been facing stagnation since many years due to a lack of availability of the basic raw materials of man-made fibre / filament yarn at competitive prices
 "Textile industry asks govt to axe anti-dumping duty on viscose staple fibre")
Indian economy to contract but will do better than earlier forecast: Fitch
Fitch expects economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 amid coronavirus but this represents a 1.1 percentage point improvement from previous forecast
 "Indian economy to contract but will do better than earlier forecast: Fitch")
As inflation slows, RBI resumes monetary easing, defends policy framework
The price moderation couldn't come at a better time for central bank Governor Shaktikanta Das, with the inflation targeting mechanism that's been in place since 2016 coming up for review this year
 "As inflation slows, RBI resumes monetary easing, defends policy framework")
From factory to front line, all roads lead to Covid-19 vaccine roll-out
According to sources, a contract may be signed between the government and the vaccine makers on Monday, and the first batch of vaccinations will be done using Serum Institute's (SII's) Covishield
 "From factory to front line, all roads lead to Covid-19 vaccine roll-out")
After a year of disruptions, smartphone makers betting on 5G booster
Handset manufacturers are poised for a sharp rebound this year - as much as 20 per cent growth thanks to consumers embracing digital technology faster than ever
 "After a year of disruptions, smartphone makers betting on 5G booster")
Statsguru: Recovery uneven, but upturns expected in banking, construction
Construction may grow at 4.4 per cent in H2 - significantly better compared to other major sectors. If this really happens, it could help reverse the job losses in the informal sector to some extent
 "Statsguru: Recovery uneven, but upturns expected in banking, construction")
NPA classification period likely to get 30-day extension as bad loans mount
Move to increase 90-day window to 120 days to give more time to borrowers to service loans
 "NPA classification period likely to get 30-day extension as bad loans mount")
Income tax returns cross 58 million hours before deadline, shows data
In view of the pandemic, the government had extended the deadline for filing returns multiple times in the past
 "Income tax returns cross 58 million hours before deadline, shows data")
Big steel, cement companies are operating as a cartel: Nitin Gadkari
It will be difficult to achieve Prime Minister Narendra Modi's dream of making India a $5 trillion economy if the steel and cement prices keep going up, Gadkari said
 "Big steel, cement companies are operating as a cartel: Nitin Gadkari")
Assure farmers of minimum procurement: Economists tell Modi govt
Ask government to tap rising financial savings
 "Assure farmers of minimum procurement: Economists tell Modi govt")
Indian economy heading towards V-shaped recovery, says Assocham
The industry chamber said it expected immense accruals of economic benefits from the Covid-19 vaccination programme about to be rolled out
 "Indian economy heading towards V-shaped recovery, says Assocham")
India looks to position itself as cybersecurity hub in post-Covid world
With increasing cyber threats, the demand for cybersecurity software products, services and professionals is at an all-time high
 "India looks to position itself as cybersecurity hub in post-Covid world")
Traders' body asks govt to ban WhatsApp, Facebook over new privacy policy
Traders' body CAIT wrote to Information and Technology Minister Ravi Shankar Prasad demanding that the government restrict WhatsApp from implementing its new privacy policy or impose a ban on it
 "Traders' body asks govt to ban WhatsApp, Facebook over new privacy policy")
Indian economy heading towards V-shaped recovery in 2021: Assocham
India's economy is showing decisive signs of a 'V-shaped' recovery in 2021 with the return of consumer confidence and robust financial markets, Assocham said
GST officials recover Rs 700 cr in 2 months, arrest 215 over fake invoices
The Directorate General of GST Intelligence and the CGST Commissionerates have recovered over Rs 700 crore and arrested 215 persons in the last two months in cases related to fake GST invoices
 "GST officials recover Rs 700 cr in 2 months, arrest 215 over fake invoices")