Page 1620 - Economy & Policy News

Enhancing connectivity with ASEAN a major priority, says PM Modi

Says there are many similarities between India's Indo Pacific Oceans Initiative and ASEAN's Outlook on Indo Pacific

IIP grows 0.2% in Sept, enters positive territory after 6-month contraction

The index of industrial production (IIP) grew by 0.2 per cent in September on a year on year basis compared to a 7.36 per cent contraction posted in August

Moody's raises India's 2020 GDP forecast to -8.9% as Covid cases drop

India's economy had the biggest contraction, 24 per cent year-over-year in the second quarter

Retail inflation refuses to cool down, prints 7.61% in October

Pulses, veggies, fuel, mobility and connectivity dominate price rise as economy recovers

Stimulus 3.0: Jobs in construction to get a boost, formal sector downbeat

The government increased the budget allocation towards the PMAY by over three times to Rs 26,000 crore, from the present Rs 8,000 crore in FY21

FinMin approves MEIS allocation of Rs 39,000 cr for exports during FY20

The ministry has also directed the Directorate General of Foreign Trade (DGFT) to limit issuance of MEIS scrips to Rs 16,000 crore during the current financial year

PLI schemes to boost food and electronics exports: Industry leaders

The government's support will boost India's local production capabilities and export, they said

Fiscal impact of stimulus to be around 0.6% of GDP in FY21: Experts

The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation

Financial package continues govt's efforts to help all sections: PM

The measures that also include an additional fertiliser subsidy and the already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 trillion

Biden must steer away from Trump's tariffs, focus on digital push in India

By the time Donald Trump and Prime Minister Narendra Modi walked hand-in-hand in a Houston stadium in September 2019, the US had raised tariffs on 14% of Indian exports

India's October fuel demand marks first year-on-year gain in 8 months

Activity in India's dominant services industry also expanded for the first time in eight months in October as demand surged

Technology to accelerate development of India going forward: Kant

India is witnessing digital disruption in areas like digital payments and going forward, technology can accelerate the development of rural India, Niti Aayog CEO Amitabh Kant said on Thursday.

Changes to hybrid annuity model will help protect returns, says Icra

Recent changes to Hybrid Annuity Model (HAM) for road sector projects will help in improved cash conversion cycle as well as protect the returns for developers, rating agency Icra said on Thursday.

Industrial production grows 0.2% in Sep; turns positive after 6 months

The industrial output grew by 0.2 per cent in September, according to the Index of Industrial Production (IIP) data

New credit guarantee scheme will help India Inc revive, expand: CEOs

Say stimulus measures will spur economic activity, especially in construction and infra sector

Irdai extends electronic customer consent for life insurers by 3 months

Facility has been allowed for pure risk products, is available till next March

Retail inflation inches up to 7.61% in October on rising food prices

The rise in general inflation was mainly on account of elevated food prices

Govt infuses Rs 6,000 cr in NIIF debt platform to increase infra funding

NIIF AIFL (AA rating) and IFL (AAA rating) will raise Rs 95,000 crore debt from market, including project bonds

Govt working on short, medium-term measures to control price rise: FM

Sitharaman said floods in certain districts have led to uptick in prices of perishable goods

Centre eases circle rate differential to boost housing sales till June 2021

The income tax relief provides incentive to the middle class to buy homes