Page 1585 - Economy & Policy News

Govt's changes to farm Acts will take us back to square one: Experts

The proposed changes include giving states the right to frame rules to register private mandis

PDS reforms done, 9 states get govt nod to raise Rs 23.5K cr from markets

These states include Andhra Pradesh, Gujarat, Goa, Haryana, Karnataka, Kerala, Telangana, Tripura and Uttar Pradesh.

Centre gives Rs 6,000 crore to 14 states as revenue deficit grant

This is in line with interim recommendations of 15th finance commission; similar amount was released in April-Nov period of current fiscal

Centre releases Rs 6,000 crore of GST compensation to 23 states, three UTs

Remaining five states do not have a gap in revenue on account of GST implementation.

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

India Ratings takes 3 finance firms off rating watch negative list

MMFSL maintained sufficient liquidity buffers to make timely debt repayments, even when collections declined

Acharya warns against systemic risk building on low rates, high liquidity

Acharya warned that both conditions are prevalent in India. Given India's macro constraints, where the government is spending more relative to the Indian households' savings

Irdai to bring in standard personal accident cover, max sum assured Rs 1 cr

All general and standalone health insurers will have to offer it from April 1, 2021; hospitalisation costs up to 10% of base sum insured covered

Centre considers easing RBI's inflation target to help growth: Report

The current mandate, set in 2016, requires the RBI to keep headline inflation at the 4% midpoint of its target range.

India takes pride in its democracy: Union Minister Ravi Shankar Prasad

Kant had at an event on Tuesday said it is difficult to carry out tough reforms in India and emphasised that more reforms are needed to make the country competitive

Nomura says India would be fastest growing Asian economy in 2021

Nomura has turned positive on India's cyclical outlook for 2021, and believes the country is on the cusp of a cyclical recovery

Electricity costs to fall sharply thanks to RE boom, predicts Gautam Adani

Thanks to renewable power boom, the marginal cost of electricity will continue to drop sharply and India will emerge as the least expensive producer of renewable energy, he said

India needs $180 billion investment to realise EV ambitions by 2030

Consistent policy support would also be critical to achieve EV goals

Protect, prioritse, pivot the new mantras as FMCG CEOs reboot for new year

Workforce protection top of mind for many CEOs at CII's annual FMCG summit held virtually, as world enters early vaccination stage

With little room left for govt capex, economy looks at private investments

However, low demand in the economy has been arresting fresh investments, and experts tracking India Inc have not seen any major announcement in this zone

Milk procurement prices defy trend to hold steady in this peak flush season

Pent-up demand in the post-Covid scenario, faltering supply due to delay in artificial insemination programme cited as reasons

India only market in A-Pac with negative power sector outlook: Moody's

Stabilising cash flows amid power demand recovery, gradual pace of regulatory change and manageable transition to a low carbon economy underpin Moody's stable outlook for Asia-Pac power sector in 2021

One nation, one ration card: 9 states can raise Rs 23,523 cr from markets

These nine states have received permission from Union finance ministry to raise additional funds from the markets as they have implemented the 'one nation, one ration card' reform

India's export revival may be under threat. Blame it on container shortage

Global trade is being roiled by a shortage of containers because dire predictions of a collapse this year that prompted carriers to cancel sailings have proved too pessimistic

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'

The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately