Page 1592 - Economy & Policy News

High GST on aircraft components forcing P&W to go abroad for maintenance

High GST rate on aircraft engine components has been forcing Pratt & Whitney to go abroad for engine maintenance despite having a collaboration with Air India's engineering subsidiary

CM Adityanath woos industrialists, promises security, respect in UP

Assuring "security, respect and conducive environment", Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday invited businesses to invest in the state

Are we falling behind on basics as vaccine optimism takes centre stage?

Daily Covid-19 deaths did not fall considerably in November, but vaccine news has excited the market and governments, with immunisation plans seemingly underway

Indian economy will expand in fourth qtr of current fiscal: Niti Aayog VC

India's economy recovered faster than expected in the third quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent.

RBI's Monetary Policy Committee starts 3-day deliberation on key rates

The central bank will announce its monetary policy review on December 4.

Mid-year review of economy: Some signs of recovery amid the hurdles

Lack of private investments, muted demand and a spike in Covid numbers may spoil the show

Is One Nation One Ration Card the panacaea for India's migrant population?

Currently, the scheme isn't all-embracing as it is based on 2011 census data, and leaves out 100 million people without ration cards

India wants to resume Iran, Venezuela oil imports under Joe Biden: Pradhan

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela after Joseph Biden becomes president of the US, Oil Minister Dharmendra Pradhan said

Conditions to improve for India Inc in 2021 as economy revives: Moody's

Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022

GST mop-up crosses Rs 1 trn for second straight month on festive sales

Experts attribute it to festive season demand; warn it may not be sustainable

Govt may keep China, Hong Kong out of foreign listing as tensions simmer

The move is in contrast to what an expert committee of Sebi had recommended in 2018 for China and Hong Kong to be permitted

Manufacturing activity loses pace in Nov, falls to three-month low: PMI

While all three broad areas of the manufacturing industry recorded expansion, consumer goods segment led the growth, the only sector to see a stronger rate of increase

Diwali props up two-wheeler sales in November, top-six firms post 16% spike

Third straight month of growth since factories and dealerships re-opened after lockdown; with festivities drying up, sales are likely to cool off

Auto sales contract in November as firms enforce inventory control

Sales higher than previous year, but lower than October

State-run oil firms spend 40% of capital expenditure target by October

Fail to meet govt directive to spend 50%, but experts say trend encouraging

After festive season boost, key economic indicators show declining signs

Railway freight was up last week after rail traffic resumed in the state of Punjab after a month-long shutdown due to the farmers' agitation against the new farm laws

UPI records over 2 bn transactions for second time in a row in November

Launched in 2016, UPI crossed 1 bn transactions for the first time in Oct 2019. While it took UPI three years to reach a billion transactions in a month, the next billion came in just a year

Investors repose faith in India's growth story despite Covid: Govt

It said Covid-19 has drastically affected the investment climate in all economies of the world

Early winter: Power consumption growth slows to 4.7% in November

India's power consumption growth rate slowed to 4.7 per cent at 98.37 billion units (BU) in November this year amid the onset of early winters especially in the Northern part of the country.

Govt plans 'big' dam on Brahmaputra to offset Chinese construction upstream

India too plans to construct a multipurpose reservoir in Arunachal Pradesh to offset its impact, a senior official of the Jal Shakti ministry said on Tuesday.