Page 1562 - Economy & Policy News

MP, AP to get additional financial assistance of Rs 1,004 crore for capex

Madhya Pradesh and Andhra Pradesh have become the first states to complete three out of four citizen-centric reforms stipulated by the Ministry of Finance

Sale of over Rs 50L homes account for 57% of total home sales in H2 2020

During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters

Services sector loses steam, December PMI falls to 52.3 from 53.7 in Nov

Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment

Indian economy riding against the Covid wave, in good health: FinMin

This comes days ahead of the advance estimates for gross domestic product (GDP) growth for FY21

Infra may get Atmanirbhar nudge in Budget as govt looks to spur growth

Any significant increase beyond 10 per cent year-on-year (YoY) may be difficult over the next three to four years, given the limited fiscal space

PLI Scheme: Dixon CMD Sunil Vachani is ready for the next big leap

A two-part series looks at how two home-grown manufacturers are leveraging the govt's production-linked incentive scheme

Budget 2021: Centre set to launch e-platform to sell non-core assets

Could help monetise assets worth Rs 10K cr

Indian economy expected to contract by 9.6% in 2020-21: World Bank

In its Global Economic Prospects report, the World Bank said that the informal sector, which accounts for four-fifths of employment, has been subject to severe income losses during the Covid-19 crisis

GDP contraction in FY21 is inevitable, the only question is by how much

The GDP contracted an unprecedented 23.9 per cent in the first quarter and came in better than expected 7.5 per cent in the second quarter

India will double pipeline network in the next six years: PM Modi

GAIL's Kochi-Mangaluru pipeline commissioned; Boost for Petronet LNG's Kochi terminal

PFRDA raises cap on fund management charges as it floats RFPs

There would now be four slabs, each attracting charges based on the quantum of assets under management

Irdai set to introduce standard products for fire, allied peril risks

General insurers that offer fire and allied perils policies have to mandatorily introduce the same from April 1, 2021, replacing the Standard Fire and Special Perils (SFSP) policy

Exim Bank sells bonds worth $1 billion to global investors at dirt low rate

The issue was oversubscribed four times or worth $4 billion as against $1 billion on offer, managing director David Rasquinha said

Quarterly absorption of office space reaches Q1 levels in Q4CY2020

Hyderabad led the pack with the highest net absorption in Q4CY2020

Notice for upcoming spectrum auction should be out this week: Report

The DoT was expected to issue the Notice Inviting Application (NIA) for the auction in December but due to an emergency engagement of a top authority it got delayed

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies

Tata Power, SIDBI join hands for rooftop solar financing for MSMEs

Tata Power on Tuesday announced its partnership with SIDBI to provide a finance scheme to the MSME players in the rooftop solar segment

Lower tax on partnership firms, put special duty on etailers: Traders' body

Traders and retailers contribute about 22 per cent to the country's GDP

Budget Byte: Need to spend more on healthcare to manage shortcomings

Spending on health is improving gradually in India, even though it has not grown substantially from its level of 1% of GDP

India witnessing 'V-shaped' economic recovery since June: FinMin Report

The easing of restrictions on economic activities was a key driver, said a Finance Ministry report