Page 1612 - Economy & Policy News

Covid-19 pandemic prompts health care firms to spend more on IT: Report

According to the data by SalesEdge, the research arm of TechCircle, the total IT spending increased to $376 million in 2020 so far from $368 million last year

Great scope for fintech co-operation between India, France: Nandan Nilekani

Billions of dollars were transferred through the cash transfer programme using the Aadhaar platform during the Covid-19 crisis directly into the bank accounts of vulnerable people

RBI levies over Rs 5.8 cr fine on 6 entities including PNB, Sodexo, PhonePe

Except Punjab National Bank (PNB), the remaining five entities are non-bank prepaid payment instrument (PPI) issuers

India to get Rs 2 trillion investments for compressed biogas units: Pradhan

JBM Group, Adani Gas, Torrent Gas and Petronet LNG among companies that will set up the units.

India's forex reserves surge $4.277 bn to record high of $572.771 bn

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed on Friday.

Bank credit rises 5.67% to Rs 104 trn, deposits up 10.63%: RBI data

Bank credit grew by 5.67 per cent to Rs 104.04 trillion, while deposits increased by 10.63 per cent to Rs 143.80 trillion in the fortnight ended November 6, according to RBI data.

Exports may be muted as WTO warns of growth slowdown in global trade

Exports had recovered 5 per cent in September after months of contraction.

4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

India losing $10.3 bn every year due to tax abuse by MNCs, evasion: Report

India is losing over $10.3 billion (about Rs 75,000 crore) in taxes every year owing to global tax abuse by MNCs and evasion by private individuals, a report said on Friday.

Addl installment of DA for CPSE execs, non-unionised supervisors frozen

Further, the additional instalments of the DA due from January 1, 2021, and April 1, 2021, will also not be paid

DGGI to ask ICAI to take action against 3 arrested chartered accountants

These CAs were arrested in the GST fake invoice frauds during the nationwide drive in the last few days

ADB approves $50 mn loan to improve resource planning in West Bengal

The loan builds on past ADB policy-based programs in 2012 and 2017, supporting the Government of West Bengal on sustainable public financial management reforms

EPFO records 1.49 mn net new enrolments in Sept, up from 880,000 in Aug

The net enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 5.72 lakh in March 2020 from 10.21 lakh in February, according to the payroll data released in May

Retail, recreation visits show spike in key states during Diwali week

Key states including Uttar Pradesh, West Bengal, Maharashtra, Gujarat and Bihar saw between a 4-8 percentage point return to normalcy amid the festival season

Karnataka aims to become a $50-bn bio-economy by 2025: Deputy CM

Bio-economy uses renewable biological resources sustainably to produce food, energy and industrial goods.

Pandemic-driven reform agenda can raise India's medium-term growth: Fitch

For the current fiscal, Fitch Ratings has projected a 10.5 per cent contraction in Indian economy

What role did central schemes play in getting NDA to power in Bihar?

A look into the performance key central programmes in the state, and the impact on gender-based voter turnout which could have had a bearing on poll outcome

GST not a perfect system, requires changes, rate rationalisation: N K Singh

Says finance commission's job is to reconcile divergent objectives

Banks lend over Rs 65,000 crore to commercial sector in a fortnight

The year-on-year growth inched up to 5.8 per cent (November 6, 2020) from 5.2 per cent (October 23, 2020), according to the Reserve Bank of India

Loan moratorium is fiscal policy matter, we're on top of it: Centre to SC

The Centre told the SC that issue pertaining to loan moratorium is a fiscal policy matter and the government has taken various proactive steps keeping in mind different sectors.