Page 1567 - Economy & Policy News

Self-reliance to be new mantra to sail through Covid crisis: Niti member

Saraswat said that the government is looking at flattening the recession curve

Current account surplus moderates to $15.5 bn in second quarter: RBI

India recorded a current account surplus of 3.1 per cent of the GDP in the first half of the fiscal as against a deficit of 1.6 per cent in the corresponding period of 2019-20

Import monitoring system being built for several sectors: Commerce Ministry

The system would help gather advanced information on imports of these products and make it available to the stakeholders, including government and domestic industries

82% MoUs with investors turned into actual projects past 10 years: TN govt

Refutes reports that only 9.4% of investment proposals in the state were converted to projects during that time

Low govt spending the main impediment to real economic stimulus in India

Even with a 68% jump in long-term market loans, Centre hasn't been able to raise govt spending remarkably; quality of expenditure has suffered too, with capex 2% lower than last year

PM Modi's Varanasi constituency to float municipal bonds of Rs 200 crore

Lucknow Municipal Corporation earlier in December become the first city in North India to list at BSE

India eyes asset sales to partly fund higher spending next year: Report

India had aimed to raise more than $28 billion this fiscal year by selling stakes in companies such as Bharat Petroleum Corp Ltd, Container Corp of India and others

Union cabinet approves interest subvention for ethanol distilleries

The union cabinet approved an interest subvention of Rs 4,573 crore for new distilleries producing ethanol

Exports may reach $290 billion by end of fiscal year, says trade body

This comes as the outbound shipments were hit hard by the pandemic during the first half of the year, FIEO

An examination of the pitfalls of the open-ended grain procurement system

While the agitating farmers are clamouring for its continuation, the mechanism is a drain on govt resources, with the Centre buying far in excess of what it needs for distribution under PDS

Economy to recover in 2021, but output may take another year to regain loss

While inflation is likely to moderate, fiscal deficit is clearly the pain point

Ahmedabad, Pune, Chennai most affordable housing markets of 2020: Report

The latest affordability index of Knight Frank India cited Ahmedabad as the most affordable housing market in the country with an affordability ratio of 24% followed by Pune and Chennai

Petrol, diesel prices remain unchanged for 23rd consecutive day

Petrol and diesel prices across the four metropolitan cities continued to remain static on Wednesday

Coal mining opens doors to pvt players; power distribution fails to reform

The Centre amended the Coal Mines (Special Provisions) Act, 2015, in May to open up auction for non-mining firms; micro, small, and medium enterprises; and foreign companies

Food inflation in states with strong 'mandis' & those without: Status check

The following chart shows the average retail food and beverages inflation of Punjab and Haryana as compared with Bihar, where APMCs where made redundant few years back

Indian economy could be 'most resilient' in subregion in long term: UN

India's economy could prove to be the "most resilient" in the subregion of South and South-West Asia over the long term, according to a report by the UN

Vivad se Vishwas: Direct tax dispute resolution scheme may be extended

This is due to dismal participation and industry representations seeking more time for declaration

From loan moratorium to digitisation, 2020 saw major shifts in banking

The central bank allowed a moratorium (payment holiday) on dues for six months

Securities transaction tax collection increases 42% despite Covid-19 crisis

Tax payouts from mutual fund unit holders shoot up by 84%

PSBs need to raise additional Rs 43,000 crore in FY22, says Icra

Growth in bank credit is likely to pick up to 6-7 per cent in FY22 against an estimated 3.9-5.2 per cent in FY21 and 6.1 per cent in FY20.