Page 1653 - Economy & Policy News
Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan
The combined fiscal deficit of states and centre during the current year may go up to 14 per cent against the mandated level of six per cent, former Reserve Bank Governor C Rangarajan said
 "Combined FY21 fiscal deficit of Centre, states may reach 14%: Rangarajan")
PM invites Canadian biz to invest in education, agri, manufacturing sectors
PM Modi hard sold his government's latest labour, education and agriculture reforms, saying they will make doing business in India easier as also give farmers the right to choose their market.
 "PM invites Canadian biz to invest in education, agri, manufacturing sectors")
Double-digit rise in exports helps India nearly halve trade gap with China
Exports to China saw sustained double-digit growth for the fourth straight month in August, led by eightfold rise in iron and steel shipments
 "Double-digit rise in exports helps India nearly halve trade gap with China")
No change in export policy of iron ore pellets; opinion under review: Govt
According to the clarification, India exported 1,48,76,270 tonnes of these pellets during 2004-2014
 "No change in export policy of iron ore pellets; opinion under review: Govt")
Tourism industry seeks reduction in GST rate, tax benefits to revive sector
According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss of Rs 15 trillion and putting up to 40 million jobs at risk
 "Tourism industry seeks reduction in GST rate, tax benefits to revive sector")
Worst behind us; India's GDP growth to turn positive in Q4: Deepak Parekh
Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 per cent as people are buying ready-to-move-in apartments
 "Worst behind us; India's GDP growth to turn positive in Q4: Deepak Parekh")
MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report
Loan disbursement by microfinance sector declined by 88 per cent to Rs 6,046 crore in the April-June quarter due to the coronavirus-induced lockdown, according to CRIF MicroLend quarterly report.
 "MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report")
Govt to soon launch one-stop-shop for agriculture data: Agri Min official
Govt will soon launch a common data infrastructure of all farmers along with land record details for better reach of various farm schemes, Agriculture Ministry official Ashish Kumar Bhutani said
 "Govt to soon launch one-stop-shop for agriculture data: Agri Min official")
Taiwan eyes doubling investments in Tamil Nadu, says official
Taiwan is eyeing to double the investments made by its companies in Tamil Nadu and is looking at generating one million new jobs in the Indian state
 "Taiwan eyes doubling investments in Tamil Nadu, says official")
Central Railways to run eight more special trains in Maharashtra
After announcing five special trains the day before, the Central Railway (CR) on Thursday announced another eight trains connecting various cities in Maharashtra
 "Central Railways to run eight more special trains in Maharashtra")
Covid: Housing sales down 43%, office space leasing fall 70% in July-Sept
India's top eight cities have witnessed 70% fall in gross office space leasing and 43% dip in housing sales during July-Sept quarter compared with the year-ago period on lower demand amid Covid-19
 "Covid: Housing sales down 43%, office space leasing fall 70% in July-Sept")
33 housing projects worth Rs 4,197 cr accorded final approval under SWAMIH
A total of 33 housing projects with an investment of Rs 4,197 crore have been accorded final approval under SWAMIH fund which will lead to the completion of 25,048 home units, FM Sitharaman said
Home sales recover in Sept qtr; still a long road to recovery: Knight Frank
Developers' cash flows remain under pressure despite the extension on loan moratoriums.
 "Home sales recover in Sept qtr; still a long road to recovery: Knight Frank")
Tamil Nadu to set up advanced manufacturing hub in partnership with WEF
It will boost end-to-end manufacturing of higher-tech products, higher-value sectors in the state, say officials
 "Tamil Nadu to set up advanced manufacturing hub in partnership with WEF")
Govt's social stock exchanges proposal may face disclosure roadblock
An SSE is a platform that allows NGOs and voluntary non-profit organisations to raise capital for social purposes
 "Govt's social stock exchanges proposal may face disclosure roadblock")
Delhi's second airport project takes off, phase-1 to be completed by 2024
Zurich airport will invest Rs 4,666 crore in the first phase of the project
 "Delhi's second airport project takes off, phase-1 to be completed by 2024")
India leads world, processes 41 mn real-time transactions a day: Report
Real-time payments doubled this year and transaction value increased by 80 per cent, says FIS Global.
 "India leads world, processes 41 mn real-time transactions a day: Report")
Industry expects fast recovery, says CII president Uday Kotak
Industry now sees sectors witnessing better pick-up and capacity utilisation than what was projected in March.
 "Industry expects fast recovery, says CII president Uday Kotak")
Stimulus to revive economy should continue for three years : Pronab Sen
The government should continue with the stimulus to revive the economy for three years and it should not be one off, Pronab Sen, the chairman of the Standing Committee on Statistics said on Wednesday
 "Stimulus to revive economy should continue for three years : Pronab Sen")
Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal
Govt's economic advisor stresses there is no demand-driven inflation yet in the economy
 "Won't splurge stimulus money, infra spending to be key: Sanjeev Sanyal")