Page 1647 - Economy & Policy News

Centre aims to protect farmers, refuses to slash import duty on chana

Some traders are demanding a reduction to 35-40 per cent to tide over any shortage of the commodity as the new crop will start hitting the market only around mid-February

Second sovereign downgrade wave coming, major economies at risk: S&P Global

The rating agency has already downgraded or cut the outlooks on nearly 60 countries this year, but only relatively few have been higher-rated richer nations

FinMin kick-starts Budget making exercise amid contraction pressure

The nearly one-month long exercise to finalise the Revised Estimate for FY21 and Budget Estimate for FY22 began on Friday.

As Modi govt revises borrowing plan, yields on 5-year bonds move upwards

Bond dealers not very alarmed as this brings to an end the uncertainty on state and government GST compensation drama for now

Massive lags, cost overruns and a tale of India's plagued infra projects

Covid-19 has affected the addition of new projects, but that may act as a breather in making good the massive shortfall in implementation

Divestment strategy: Govt to avoid ETF, OFS to protect stock value

ETFs have been a favoured strategy for the government, with around 80 per cent of last fiscal year's sale proceeds coming from such transactions.

Facilitated employment to 1.5 mn youth between April-Sept: Punjab govt

It also apprised the unemployed youth about self-employment schemes through the distribution of DBEE''s information manuals and brochures, the spokesperson said

GST compensation: States refuse to relent, demand full borrowing by Centre

A day after the Centre agreed to borrow Rs 1.1 trn and lend to states in lieu of the promised compensation, dissenting states including Chhattisgarh, Kerala made it clear they will not relent

RBI announces measures to boost credit flow to real estate sector

The requirement of standard asset provision of 0.25 per cent will continue to apply on all such loans, the notification added

India, Chile review bilateral ties; to firm up investment protection pact

The Ministry of External Affairs (MEA), in a statement, said both sides discussed the future trajectory of their wide-ranging engagements in the meeting

India, Netherlands discuss joint initiative in e-health initiative

The NDHM, unveiled by Prime Minister Narendra Modi on Independence Day, aims to create a mechanism to improve healthcare significantly and provide better access to it

Govt approves 14th tranche of electoral bonds; sale closes on October 28

The Election Commission of India (ECI) accorded 'no objection' from the Model Code of Conduct (MCC) angle on October 15 with certain conditions, a finance ministry statement said

Sharp surge in Sept domestic auto wholesales hints at recovery: Report

A sharp surge in domestic wholesales during September in segments such as tractors, passenger vehicles and two-wheelers is indicative of a recovery

India took host of measures to combat Covid-19 impact: FM to World Bank

Sitharaman on Friday said the government has taken a host of initiatives, including a stimulus package totalling 10 per cent of the country's GDP and major reforms in the labour sector

Digital media, news agencies need to comply with 26% FDI cap: Govt

News aggregators, news agencies which supply information to digital media firms and companies uploading news and current affairs on websites will have to comply with the 26% foreign investment cap

Govt has no strategy to deal with pandemic, revive economy: Congress

The Congress Friday hit out at the Modi government alleging it has no strategy to fight the coronavirus pandemic or revive the economy

UP approves special festival package, advance payments to state employees

The Uttar Pradesh government on Friday approved benefits of special festival package and advance payments

GST shortfall: FM writes to states, explains Rs 1.1 trn borrowing window

A day after the Centre agreed to borrow Rs 1.1 trillion on behalf of states for meeting GST shortfall, FM Nirmala Sitharaman reached out to all states explaining the contours of the special window

'AC import ban to protect domestic firms from free imports via FTA route'

The government's move to ban imports of finished air-conditioners will hit small fly-by-night operators and Chinese firms which launch their products during peak summer season and disrupt market

Apparel exports rise 10.22 % to $1,190 mn in Sept as sector sees recovery

Industry representatives believe this is an indication that the sector has begun its V-shaped recovery and the situation would get better