Page 1574 - Economy & Policy News

Govt plans tough annual targets for state firms to boost valuations: Report

The government reportedly wants state-run firms to focus on improving market capitalisation and dividend payouts from the 2021/22 fiscal year

Rupee likely to end 2020 as the worst performing currency in Asia

The rupee closed around Rs 74 to a dollar on Friday against Rs 72.2 at the end of December 2019

India may ease rules for non-Chinese investments from Hong Kong: Report

Prime Minister Narendra Modi's administration is formalising investment rules for neighbouring countries amid a bloody border standoff with China earlier this year

Home sales in top 7 cities halve in 2020 as Bengaluru, NCR lead decline

New housing supply down 46%, unsold inventory shrinks 2%

CII urges finance ministry to impose basic custom duty on solar equipment

Industry body CII has urged the Ministry of Finance in its memorandum submitted on Monday to impose the basic custom duty (BCD) on solar equipment as announced in the last general Budget

GDP growth likely to turn positive in third quarter, says think tank

India's GDP growth is likely to turn positive at 0.1 per cent in the October-December quarter, economic think-tank NCAER said

Indian economy to clock double-digit growth next fiscal: Deloitte report

Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth at 10 per cent in 2021-22, according to a report.

Why you must get your car fitted with a high-security registration plate

If you drive in the national capital without these plates, you may have to pay a heavy fine

India, Israel to share know-how on building climate resilient infra

India and Israel on Monday signed an agreement to cooperate in the fields of health and medicine, including sharing of expertise in building climate resilient infrastructure

Corporate profits touch all-time high in the September qtr: Crisil

Corporate profits rose 15 per cent to touch an all-time high in the September quarter

8th instalment of Rs 6,000 cr released to states to meet GST shortfall

The government had set up a special borrowing window in October to meet the estimated shortfall of Rs 1.1 lakh crore in revenue arising on account of implementation of GST

How Tamil Nadu continues to attract investors despite the pandemic

Tamil Nadu government's success rate (percentage of MoUs materialising) has been good despite all the macro challenges

FICCI wants abolition of anti-profiteering provisions in GST law

This is to allow market forces to determine prices of goods and service

Housing sales to fall 47% in 2020 across 7 top cities due to Covid: Report

Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 138,000 units this year on lower demand because of the Covid-19, according to Anarock

The surprising truths the pandemic has exposed about Railways' functioning

While better performance this year shows the enterprise could do without its passenger train service, the downside is that there is little scope for its operating ratio to drop below 90%

ONGC begins production in Bengal basin, making it India's eighth functional

There are 26 sedimentary basins in India covering 3.4 mn sq k,. Of these, 16 are on land basins, seven part on land and part offshore, and three completely offshore

Ease fiscal consolidation in Budget, hike health spend, economists urge FM

Also call for efforts to enhance exports, build farm infrastructure

Arrest provisions under CGST Act challenged in Bombay High Court

While the government claims that companies are booked under GST laws for fraudulently claiming the input tax credit, experts find loopholes in the provisions, particularly those related to arrests

Net payroll addition falls 19% in October vs September, shows data

Formalisation of the economy took a beating in October, compared to the previous month, showed the payroll data

Central ministries, departments face cash crunch as winter session scrapped

Food and consumer, rural development exhaust Budget allocation, may require more