Page 1621 - Economy & Policy News

Indian edible oil refiners trim palm oil imports to make space for soyoil

Refiners have been slashing palm oil imports for winter

India Inc hands out an austerity parcel to employees this festive season

With contactless exchanges becoming the new normal, companies are preferring e-gifting options.

FM's Diwali gift: Rs 1.2-trn stimulus package to boost growth, create jobs

This stimulus comprises production-linked incentives approved by the Cabinet on Wednesday for as many as 10 sectors

Asia pacific nations including China set eyes on FTA to be signed on Sunday

Fifteen Asia-Pacific nations including China aim to clinch the world's largest free-trade agreement this weekend

India's economy is reviving and festive season's online sales show it

In the run-up to the festival, retailers including Amazon.com Inc. and Walmart Inc.'s Flipkart saw a 55% jump in online sales from a year ago to $4.1 billion, according to RedSeer

FM Sitharaman gives infrastructure sector Rs 16,200-crore liquidity shot

Apart from that, Rs 10,200 crore will be given as direct support for infrastructure creation

Govt's emergency credit line 2.0 to help India Inc revive, expand

The stressed sectors identified by the panel include aviation, power, construction, steel, roads and real estate.

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.