Page 1640 - Economy & Policy News

Appliance sales up 30% in festive season; e-commerce contribution rises

Appliances and consumer electronics companies have reported high double-digit growth in sales during this Navratri season

States' rising debt amid pandemic a risk to their finances, says RBI

The maturity profile of states' debt suggest that redemption pressure is likely to double from 2026 onwards

J&K LG sanctions over 10,000 loan cases for budding entrepreneurs

Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday announced sanction of over 10,000 loan cases for the union territory's budding entrepreneurs under various programmes

FM Sitharaman sees GDP growth in negative zone or near zero this fiscal

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in negative zone or near zero in the current fiscal

Covid-19 lockdown cost Goa tourism Rs 1,000 crore: Industry group

Covid-19 lockdown has cost Goa's tourism industry Rs 1,000 crore in earnings, GCCI President Manoj Caculo said, and urged the state government to urgently resume mining operations

Earlier blamed for scams, the poor now being offered loans by govt: Modi

Prime Minister Narendra Modi on Tuesday said his government has acknowledged the honesty and hard work of street vendors by offering them loans that were inaccessible to the poor in the past

Dairy farmers become roadblock for India's trade deals with US, EU

Opposition from politically-influential dairy farmers makes government hesitant to allow free access of dairy products from other countries

How Covid-19 disruptions and food inflation have worsened RBI's trilemma

In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher

Sea change in customs clearance as govt addresses complaints over delays

74 per cent of consignments at ports got nod in less than 48 hours on Sunday

M&M Financial Services' net profit rises 21% to Rs 304 crore in Q2

The provisions and write-offs stood at Rs 619.4 crore in Q2Fy21, up from Rs 360.7 crore in the year-ago period

SBI Life Insurance's net profit more than doubles to Rs 299 crore

In the first half of the financial year (FY21), net profit of the insurer was up 38 per cent to Rs 690 crore over the same period a year ago

HDFC Bank under Aditya Puri: From a start-up to an industry leader

The bank's bad loan net of provisions has been under 0.5% of its assets for a decade now, despite a 10x jump in its assets and 8x in its net interest income.

Rupee falls sharply to the dollar as pandemic resurgence grips Europe

Sheds 24 paise to end at 73.85 on heavy greenback purchases by nationalised banks to meet month-end oil import bills

Interest relief: A simple scheme with wide coverage, say experts

The quantum of benefit for borrowers, however, will not be very large

CERC to remain shut for one more month as Centre hunts for legal member

ACME Solar intervenes for release of reserved orders at CERC

Auto-component units face 14-16% fall in revenue: CRISIL SME Tracker

Small and medium enterprises (SMEs), which make up a third of the sector, have been badly hit.

Access to energy must be affordable and reliable, says PM Narendra Modi

He said India wanted to encourage domestic gas production and as part of natural gas marketing reforms, market price discovery was allowed

India's bid to raise natural gas share in energy basket faces hurdle

Varying taxation rate with no input credit pass-through coming in the way

Direct tax practitioners seek extension of Sebi settlement scheme till Mar

Direct tax practitioners have urged SEBI to extend the last date of availing the Settlement Scheme 2020 from October 31 to March 31 in the wake of the COVID-19 pandemic induced disruptions

Exporters raise concerns over rising freight charges, container shortage

Exporters expressed concerns over rising freight charges and shortage of containers as it would impact the country's outbound shipments, and sought Commerce Ministry's intervention in the matter.