Page 1560 - Economy & Policy News

LIC launches new campaign to revive lapsed policies amid Covid-19

To encourage individuals to continue their risk cover amid the coronavirus pandemic, LIC on Thursday launched a campaign where lapsed policies can be revived.

Adverse effect of Covid-19 vaccine: What the law says, or doesn't

Laws governing compensation in case of adverse side effects for Covaxin and Covishield may differ in accordance with the kind of approvals given, say legal experts

Fiscal deficit to hit 6.1% of GDP in FY21: Govt's first advance estimates

The National Statistical Office on Thursday estimated nominal GDP at Rs 194.8 trillion - a 4.2 per cent contraction over the previous fiscal year

India's GDP may contract 7.7% in FY21: First advance estimates

Biggest contraction since 1952; investments may decline by 14.5%

Rijiju bats for restoration of passenger fare concession for sportspersons

Sports Minister Kiren Rijiju on Thursday requested Railway Minister Piyush Goyal to restore the privileges

Per capita income set to witness a 5% fall: First advance estimates

The per capita income is projected to decline to Rs 1.27 lakh in the year compared to Rs 1.34 lakh in the previous year by Advance Estimates

Petrol price soars past Rs 84 a litre in Delhi, an all-time high

In Mumbai, petrol was sold at Rs 90.83 a litre and diesel for Rs 81.07 a litre.

First advance estimates: GDP to grow 8-11.5% in FY22, say experts

Within services, financial, real estate and professional services are expected to perform well

Nalco to invest Rs 30,000 crore on expansion by 2027-28: Pralhad Joshi

Union minister Pralhad Joshi on Thursday said state-run National Aluminium Company Ltd (NALCO) will invest around Rs 30,000 crore for its ambitious expansion and diversification projects in the next six to seven years, which will help achieve the Centre's goal of 'Atmanirbhar Bharat'.

Gap between PMJDY scheme beneficiaries and RuPay cards issued widens

RuPay, operated by the National Payments Corpo­ra­tion of India (NPCI), is India's homegrown card network

Microloans: Early delinquencies jump to 15.7% in September, says CRIF

West Bengal, which retained its position as the top microfinance market as of September, had an early delinquency rate of 31.7 per cent

Telangana gets approval for additional borrowings of Rs 2,508 crore

The permission for mobilising additional financial resources of Rs 2,508 crore through Open Market Borrowings was issued by Department of Expenditure

J&K announces new industrial development scheme worth Rs 28,400 crore

Sinha said that this scheme is from the period of date of notification up to the year 2037 with a total outlay of Rs 28,400 crore.

USTR backs action against India's equalisation levy, finds it burdensome

Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies

PM flags off world's 1st double-stack container train, launches DFC section

One train carries 360 10-feet container equivalent units (TEU), which is equivalent to 270 high capacity trailer trucks

Regional connectivity gets boost as airlines expand flights under RCS

While the number of operational airports in the country will rise to 131, other smaller towns too are seeing a surge in connectivity

Govts or manufacturers, who is on the hook if Covid-19 vaccines go wrong?

Policy makers in developing nations may not have a choice but to take what they can get - easily, cheaply and quickly

Farmers' protest: MSP distorting cropping patterns, says WTO report

The practice of procurement from certain states has also resulted in regional disparities in production

Online sales see growth from Tier 2, 3 cities, UPI to rule payments: Report

For Tier II and Tier III cities, localised customer support in regional languages and dialects will help businesses and brands to gain a competitive edge

Maharashtra move to cut construction premiums to lower project costs by 17%

However, developers peg the benefit at 6 to 7 per cent after passing on stamp duty costs to buyers