Page 1649 - Economy & Policy News

Alstom's e-locos approved for freight locomotives to run at 120 kmph

Electric locos allow heavy freight trains to haul 6,000 tonnes at a top speed of 120 kmph and they are expected to increase the average speed by at least 20-25 kmph

Indian economy will recover from crisis with right policies: IMF official

The Indian economy, hit by the pandemic, would be well placed to start recovering from the crisis with the government making efforts on both the fiscal and monetary side, a top IMF official has said

WPI inflation rises to 1.3% in September mainly on costlier food items

The wholesale price index based (WPI) inflation was in the negative territory for four straight months

Vodafone case shows why India's not renewing 70-odd BITs with foreign govts

India does not recognise the jurisdiction of any foreign court in a commercial dispute that questions the state's sovereign power to intervene

Set for muted opening after 7-month closure, theatres eye Diwali fireworks

Conversations with distributors and film exhibitors reveal discounts on ticket prices are being planned to attract audience

GST shortfall: Govt allows 20 states to borrow Rs 69,000 crore more

Dissenting states explore legal options, may move Supreme Court

Covid-19 impact: India's GDP may contract 10.3% in FY21, says IMF

IMF now expected the world economy to fall less severely by 4.4 per cent than 5.2 per cent it projected earlier for 2020

Securitisation sees 80% drop in H1FY21 due to Covid-19, moratorium: Crisil

However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore

India set to slip below Bangladesh in 2020 per capita GDP, says IMF

IMF predicts a sharp economic recovery in India next year, which is likely to push per capita GDP ahead of Bangladesh in 2021 by a small margin.

Beneficial ownership threshold under FEMA could be kept open-ended

Issue deferred as ministries fail to reach consensus over threshold

Weekly economic indicators: Power, freight numbers up; traffic holds steady

Economic recovery on even ground even as government announces fresh stimulus

Covid-driven loan recast to take GNPAs to 11.5% by March: CARE report

Care Ratings expects 4-5 per cent of the existing loans to be stressed and opt for restructurings through the course of the year

Liquidity crunch likely to hit farm gate level procurement by FPOs

Experts say banks are still hesitant to lend to producers as there is no collateral

Indian Ports Association joins international port community system's body

The country's major ports' apex body Indian Ports Association (IPA) has become the latest member of the International Port Community Systems Association (IPCSA), a release said on Tuesday.

Govt focussing on growth of food processing to boost farmers' income: Tomar

Agriculture and Food Processing Minister Narendra Singh Tomar on Tuesday said the government is focusing on growth of the food processing sector as it has potential to boost farmers' income.

Kerala only state to pay 25% land acquisition cost for national highway: CM

An amount of Rs 452 crore has already been handed over and the road development projects are going to be a milestone in the state''s development of the basic infrastructure, Vijayan said

Govt invites proposals for development of EV charging infra on highways

The Department of Heavy Industry has floated an Expression of Interest (EoI) for inviting proposals

Covid-19 impact: Railways looks to FinMin for pension liabilities

The railways is the only government department which meets the pension expenditure of its retirees from its own receipts.

Yield on 10-yr state govt bonds eases by 26 bps after RBI's intervention

The weighted average cut-off for the 10-year SDLs eased by a sharper 26 bps to 6.63 per cent on October 13, 2020 over the previous weekly auction

India and Norway review bilateral ties, aim to boost trade and investment

In a statement, the Ministry of External Affairs said the two sides also hoped for an an early conclusion of the India and EFTA (European Free Trade Association) trade negotiations