Page 1578 - Economy & Policy News

5G kept out of the offer as Cabinet okays telecom spectrum auction

The auctions are slated to be held in March 2021 and the notice inviting applications is expected by the end of this month

Amid farm stir, Centre approves Rs 3,500-crore sugar export subsidy

Sugarcane farmers to get the amount directly into their bank accounts

After payments, WhatsApp to roll out insurance and pension products

The messaging service app, backed by tech giant Facebook, is working in collaboration with financial institutions on pilots of micro insurance, and micro pension products

Pent up demand for residential properties to drive sales for few more qtrs

Both developers and fund managers believe that residential has rebounded better than commercial properties

Winding down liquidity to be challenge for RBI going forward: Subbarao

Ex-RBI governor says road map for fiscal consolidation starting 2022 would be prudent. Though expansionary fiscal policy is a pressing need, govt spend on health and education would benefit economy

RBI has preserved financial stability of economy during Covid: Subbarao

Former RBI Governor D Subbarao said that managing a crisis of this scale is extremely difficult

India to name 'trusted telecom sources', may blacklist Chinese vendors

The committee will declare a list of trusted sources and products for telecom service providers

Indian wealth-tech segment to be $60 bn opportunity by FY25: Report

Indian wealth-tech market is expected to grow three times by FY25

Under the shadow of Covid-19 pandemic, inflation bites India the hardest

Though inflation levels in India are incomparable with developed countries and emerging peers, the noticeable dip during lockdown that happened in most countries eluded India

Trade imbalance causes container shortage; freight rates hit the roof

Fall in imports from China leads to shortage of containers hurting shipping lines, importers and exporters

Next round of spectrum auction gets cabinet nod: I&B minister Javadekar

The cabinet has also approved relief for sugarcane farmers

Mapping APMC reforms over the decades in the backdrop of farmers' protest

80% of states have had some sort of reforms to their APMCs, but most of these were partial, on pick-and-choose basis and defeated the goal of creating a uniform trade environment across the country

India GDP recovering better than expected; to contract 7.4% in FY21: SBI

The report also says that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms

Covid wiped out 81 mn jobs in Asia-Pacific; women, youngsters affected: ILO

Employment in Asia-Pacific showed a 4.2% decline compared with the pre-crisis trend, with the gap at 4.6% for women and 4% for men, the ILO said in a report

Top headlines: Bitcoin rally, Covid-19 vaccine, Burger King debut, and more

Here are the top headlines for Wednesday morning

S&P revises India's FY21 GDP contraction forecast to 7.7% from 9% earlier

Amid rising demand and falling Covid infections, S&P Global Ratings has raised India's growth projection for the current fiscal to (-) 7.7 per cent from (-) 9 per cent estimated earlier

Reserve Bank of India unlikely to let rupee appreciate much: Experts

Excess liquidity and cheap rates could be causing some systemic problem for the future, experts have started to warn

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

Single window system for approvals likely from March: Piyush Goyal

Goyal said government policies are towards easing compliance requirements of the industry and making everything digital and online

As bitcoin rally roars, Indian banks look to cash in on opportunities

Many exploring options of accepting crypto currencies as collateral