Page 1622 - Economy & Policy News

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

Atmanirbhar Bharat 3.0: FM unveils 12 new stimulus measures ahead of Diwali

FM Nirmala Sitharaman provided updates on status of previous announcements under Atmanirbhar Bharat initiative while annoncing new measures under its third instalment

Govt expands stimulus to 15% of economy, aims to create jobs and help firms

An additional outlay of Rs 180 billion will be made toward an affordable urban housing program

FM Sitharaman announces Rs 65,000-crore fertiliser subsidy for farmers

An additional outlay of Rs 10,000 crore will be provided for PM Garib Kalyan Rozgar Yojana

FM announces Rs 18,000 crore additional outlay for urban housing scheme

This is over and above Rs 8,000 crore already provided this year

Nirmala Sitharaman LIVE: Tax relief for buyers of homes priced up to Rs 2cr

FM Nirmala Sitharaman is addressing the media. The govt has stimulus packages, as a part of Atmanirbhar Bharat 3.0, just a few days ahead of Diwali

Govt offers PF subsidies to employers in Atmanirbhar job incentive scheme

Sop available in the case of both, new hires and those who lost their jobs to Covid; Atmanirbhar Bharat Rozgar Yojana will benefit workers with wages up to Rs 15,000

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

After worst decline in a decade, Indian companies see profits rebound

Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg

Changing trade, skilling: Rajasthan migrant workers adapt to new job market

Rajasthan accounted for 6.57 million of 60 million households that have availed MGNREGS since April this year

India in historic technical recession, RBI signals in first ever nowcast

"India has entered a technical recession in the first half of 2020-21 for the first time in its history," the authors wrote. The government is due to publish official statistics Nov. 27

Falling vegetable prices give RBI respite from pressure on inflation, rates

The wholesale price for staples such as onions was 29 rupees (39 cents) a kilogram in New Delhi on Tuesday, down 29% from Nov. 1

Hard for Visa, MasterCard to challenge FM Sitharaman's RuPay push

Though difficult to compete with RuPay, these firms can remain relevant in India's hugely underpenetrated market, say experts

Number of FASTag users rises sharply to over 20 million, says NHAI

The NHAI said it is actively promoting digital payments to enhance the user experience on national highways