Page 1561 - Economy & Policy News

Currency in circulation expands 22% in 2020 amid Covid-19 pandemic

Data released by the Reserve Bank of India showed that in calendar year 2020, the currency in circulation growth was way higher than 2019's 11.8 per cent growth rate

Advance Estimates for GDP: How accurate have they been over the years?

Advance Estimates have accurately projected the real GDP growth rate in three of the past 12 years

Boost to realty as Maharashtra govt slashes premium for construction by 50%

Reduction approved under new DCPR rule 2034 across the board for on-going and new projects up to Dec 31, 2021

Free vaccines may require states to spend a third of their health Budget

While Covishield could erode a third of states' health bill if they bear the full cost, approval of the Pfizer jab would double the health spend

Indian skilled workers to get job opportunities in 14 sectors in Japan

A joint working group will be set up to follow up the implementation of this MOC

Service sector growth at three-month low in Dec due to Covid: PMI survey

PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors

NIP expanded to 465 more projects despite Covid, taking total to 7,300

At infra spend review meet undertaken by FM, It was disclosed that many ministries and depts have shown substantial progress in project implementation and expenditure in Q2FY21

Govt considers creating bank with $13.7 bn equity to fund roads, ports

The finance ministry has prepared a note for Modi's cabinet to discuss the proposal

Govt allows EPFO to invest in public sector debt ETFs like Bharat Bond

The government has amended the labour ministry's notification in this regard

Global cost of internet shutdowns $4 bn in 2020, India share at 70%: report

Top10VPN report says internet restrictions in Kashmir were lifted after 7 months but users were only able to access low-speed 2G connections

DTH licensing policy change detrimental, raises liability risk: Crisil

The new licensing guidelines could significantly increase the potential liabilities of incumbents when renewing their licences, it said

Notional income for homemakers in claims case signals their value, rules SC

Women spend more time on 'unpaid care giving services for household members' as compared to men, the apex court said citing a survey

FM reviews progress of projects under national infrastructure pipeline

Finance Minister Nirmala Sitharaman reviewed the progress of projects worth Rs 3.6 trn under the national infrastructure pipeline

Bidding for spectrum worth Rs 3.92 trillion to start from March 1

Telecom operators will need to submit their application by February 5 for participation in the auction

Rs 1,100 crore push for rubber plantation in northeast India

Industry body ATMA will invest Rs 1,100 crore to undertake rubber plantation in additional 2,00,000 hectares of land in northeast India in the next five years

Thermal coal imports at major ports fall 16% to 55 MT in Apr-Dec: Body

Disruptions caused by the pandemic continued to impact cargo movement in India

Huge spike in states' Q4 spend to be used mostly to settle current bills

Aggregate debt raised from the market by states has risen in nine months of this year by a massive 43.5% over last year. It is the biggest jump in state borrowings ever

Finmin move to catch fake GST bills to hit genuine taxpayers too: industry

Says ministry's new curbs will impact businesses that usually have accumulated credits, as they will have to discharge output tax liability in cash instead of available credit balance

India Inc has always played a role in agriculture, albeit a limited one

Innumerable committees have recommended reforming the regulated markets much before 2003, when the first model APMC Act was framed to do precisely that in the country

Housing sales plunge 50% in National Capital Region during 2020

Housing sales in the national capital region (Delhi-NCR) plunged 50 per cent year-on-year during the 2020 calendar year to 21,234 units on low