Page 1573 - Economy & Policy News

No change in petrol and diesel prices for 16th consecutive day

Oil marketing companies kept the retail prices of petrol and diesel static on Wednesday

US financial body to invest $54 mn in India to support infra projects

An American financial corporation has announced to invest USD 54 million in India to support the development of critical infrastructure projects in the country in the wake of the COVID-19 pandemic

Animal spirits unchanged: Economy stable in Nov as retail demand improves

All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called 'Animal Spirits' unchanged at 5

Want to invite global community to innovate in India: PM Narendra Modi

PM Modi invited the global community to innovate in India, invest in the country and its talent and said the government is ready to accept any challenge and improve research environment

Two West Bengal highway projects first to start on new BOT model

NHAI may consider floating another set of contracts in the next fiscal year

P&SB recapitalisation: Centre issues Rs 5,500 cr worth of zero-coupon bonds

P&SB to park investment in HTM category; raises concern

US body announces $54 mn investment in India to support infra projects

An American financial corporation on Tuesday announced that it will invest USD 54 million in India to support the development of critical infrastructure projects in the country

Addition, absorption of warehousing space rises steeply on quarterly basis

About 3.45 million square feet of warehousing stock was added in tier-1 cities in Q3CY2020

World Bank, govt ink pact for $500-mn project to develop green highways

The highway corridors will be developed in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh

Iron ore may stay elevated with robust Chinese demand, supply disruptions

Since Feb 2020, when Covid-19 was at its peak in China, prices of international iron ore skyrocketed by over 75% to a seven-year high of over $150 a tonne

Agri sector can be a game-changer for India, Bangladesh: Piyush Goyal

He said the bilateral cooperation can pave the way for overcoming the current economic challenges.

Govt procures 42.2 mn tonnes paddy worth Rs 79,675 cr at MSP so far

The Food Corporation of India and state agencies have purchased 422.01 lakh tonnes of paddy up to December 21 as against 346.10 lakh tonnes in the corresponding period of last year

PM SVANidhi scheme: A thousand hurdles for a Rs 10K loan to street vendors

Implementation of the PM SVANidhi scheme, meant to help street vendors, has been erratic with banks

Social commerce in India could touch $7 billion by 2025: Report

Social commerce in the country is poised to touch up to $7 billion (around Rs 51,703 cr) in GMV by 2025

Private thermal power cos get Rs 40,000 cr liquidity boost: Report

The liquidity boost is coming in from government initiatives along with Coal India decision to offer longer term credit to them, says a report

India's crude oil production slips 5% in November: Government data

This was primarily due to a sharp drop in output at Rajasthan oilfields operated by private sector Cairn Vedanta

ADB to give Rs 2100-cr loan to Tripura for urban, tourism development

The Asian Development Bank is likely to provide a Rs 2,100 crore loan to the Tripura government for the development of urban areas and tourism

Goa Mining halt led to sense of all-round gloom in state economy: Study

The stoppage of mining in Goa dealt a devastating blow to the livelihoods of people, according to a recent study.

Industry seeks front-loading infra spend, tax breaks in upcoming Budget

To incentivise investments in infrastructure, the Federation of Indian Chambers of Commerce & Industry (Ficci) has sought tax exemptions

Panel approves bidding plan for Shipping Corporation privatisation

During the current fiscal year, the government has received Rs 12,380 crore in divestment receipts against the government's target of Rs 2.1 trillion