Page 1587 - Economy & Policy News

E-invoicing under GST pick up speed, posts 17% growth in November

Daily invoice generation has now improved to 2.5-2.7 million per day compared to an average of 1.5 million a day in October.

New bank licences: CIC structures of large groups on RBI's watch list

The RBI's stance on CIC structures is to be read along with its discomfort with leverage through the pledge of shares.

Not just international, IITs see rise in domestic pay packages too

Roorkee has so far topped the charts in this area with a 33.3% rise to Rs 80 lakh, from Rs 60 lakh last year

JM Financial Services to use AIFs to grow distressed asset business

AIFs are Sebi-registered entities to make investment on behalf of sophisticated investors.

Maintain derivatives records for at least 2 years, RBI asks banks

In case of commercial papers and bonds, there will be no grace period for repayment

Economy to reach pre-Covid-19-levels by end of FY2022: Niti Aayog

The Reserve Bank of India (RBI) has also revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5 per cent as against its earlier forecast of (-)9.5 per cent

India plans to allow relinquished coal-fired plants to sell power

India's power ministry proposes letting coal-fired power plants keep selling power after completing their agreements with buyers, despite national promises to close old plants to curb pollution

OPEC's decision to hike oil output would stabilise fuel prices: Pradhan

Pradhan's statement comes in the wake of a steep hike in the prices of petrol and diesel recently

Cargo traffic at India's top 12 ports falls for 8th straight month in Nov

Adversely impacted by Covid-19 pandemic, India's top 12 ports witnessed a considerable decline in cargo traffic for the eighth straight month in November, according to ports sector industry body IPA

With revenue constrained, government may look at PSUs for higher dividends

Centre may look towards its cash-rich public sector undertakings and those falling behind on their capex plans for current fiscal to declare higher dividends this year

Niti Aayog proposes self-regulatory body for online fantasy sports industry

Niti Aayog has pitched for setting up a single self-regulatory organisation for the online fantasy sports industry to be governed by the independent oversight board

Petrol prices on upswing, set to breach all-time high across India

Auto fuel prices are on the upswing in India with the pump price of petrol set to breach all-time high levels next week

FPIs pump in Rs 17,818 crore in just four trading sessions of December

As per depositories data, foreign portfolio investors (FPI) pumped in a net sum of Rs 16,520 crore into equities and Rs 1,298 crore in the debt segment during December 1-4

Safe investment destination: FDI equity inflows in India cross $500 billion

No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019

Petrol prices on upswing, poised to breach all-time high in Delhi

The current price of petrol in Delhi is nearly 60 paise short of breaching the all- time high of Rs 84 per litre recorded in October 2018

Centre's GST compensation formula gets approval from all states, UTs

Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre

India's coal import drops 19% to 116.8 mn tonnes during Apr-Oct this fiscal

Of the total import in October 2020, non-coking coal was at 14.46 MT. In October 2019, the import was 13.57 MT

India hopes for resuming Iran oil imports as Biden presidency nears

India halted its imports from Iran, previously its third-largest oil supplier, in mid-2019 after the expiration of US exemptions.

Centre-farmer talks fail to make headway for 5th time; next meet on Dec 9

Farmer unions to go ahead with their call for a Bharat Bandh on December 8

Petrol price hits 2-year high of Rs 83 a litre in Delhi, diesel at 73.32

Petrol price breached the Rs 83-a-litre mark in Delhi for the first time in more than two years after a rally in international oil prices forced a 13th increase in rates in a fortnight