Page 1575 - Economy & Policy News

FM stresses on more investments in biotech, pharma R&D ahead of budget

Says India has capacity to produce Covid vaccines for itself and other countries

India on currency manipulation watchlist: Is that a cause for concern?

The US Treasury has, while branding Switzerland and Vietnam as currency manipulators, added India, Taiwan and Thailand to its 'Monitoring List'

PLI scheme to spur manufacturing, may add $520 bn to GDP in 5 years: Report

The production-linked incentive (PLI) scheme launched to boost local manufacturing may add USD 520 billion to the gross domestic product in the next five years, according to a report

Govt exploring setting up bad bank, all other options: DEA Secretary

Economic Affairs Secretary Tarun Bajaj also said the government has recapitalised public sector banks and continue to pump in capital as per requirements

RBI to hold accommodative stance, rate cut window limited: MPC minutes

The MPC left key interest rates unchanged this month

RBI's central board reviews prevailing economic situation in the country

RBI's central board reviewed the current economic situation in the backdrop of global and domestic challenges

Retail inflation peaked in Oct, but rate cuts unlikely in 2021: Report

Retail inflation is unlikely to come down enough for the Reserve Bank to make rate cuts in the whole of 2021, says Nomura

Retail inflation for agricultural labourers eases to 6% in November

This was mainly due to lower prices of food items

Solar power tariff decline supported by structural factors: Ind-Ra

There has been a continuous decline in solar power tariffs since the start of the current financial year

Bold reforms have ensured steady FDI flow even during pandemic: FM

Says govt initiated big reforms in agriculture and labour codes

Trusted or not? DoT allows Huawei to test telecom gear; official moved out

In what appears to be a slip, a DoT wing granted certificates to Huawei India last month to start the testing process of gears, according to a source

India will become 'toll plaza free' in next two years: Nitin Gadkari

The central government has finalised GPS-based toll collection to ensure seamless movement of vehicles across the country

GST revenues take a beating as Council tweaks rates far too often

Centre to propose one a year tweaking; states say proposal is not enough, slabs need to be changed, experts call for flexibility to cater to immediate needs

Icra narrows its GDP decline forecast for FY21 to 7.8% from 11% earlier

Agency had forecast a small contraction of one per cent during Q3

State govts worry as Centre plans to trim schemes in upcoming Budget

Govt looks to rationalise centrally sponsored schemes due to fiscal constraints

Advance tax collection zooms nearly 33% to Rs 1.41 trillion in Dec quarter

Corporation advance tax jumps 50% in Q3

SC asks Centre to consider putting contentious farm laws on hold

Not desirable, says govt; SC upholds right to protest

Push for Make in India: Rs 27,000 cr plans get Ministry of Defence nod

This will involve withdrawing the airliners from Air India, sending them to France for fitment of airborne radars

Spectrum auction bids likely to be in range of Rs 30-60K cr: Analysts

he upcoming spectrum auction to be held in March may not see aggressive response from the industry, and bids may be in the range of Rs 30,000 crore to Rs 50,000 crore for the radiowaves

Transport costs up 12% due to farmers stir: Ficci's MSME confederation

It pegged the daily loss to the businesses at about Rs 3,000 crore, which would mount if the situation is not addressed