Page 1654 - Economy & Policy News

In India's highways sector, institutional money overtakes promoters

India's pecking order in terms of tolling is already headed towards being fund-focussed

CAG pulls up Odisha govt over Rs 112 cr royalty shortfall on coal

It was observed that one lessee despatched 10.15 crore MT of sized coal of less than 100 mm size relating to 15 coal mines during April 2016 to February 2017

Service activity moves towards recovery in September; PMI at 49.8

At 49.8 in Sept from 41.8 in August, but contracts for 7th month in row

Recovery tracker: Power, freight indicators show strong gains over 2019

Many of the macroeconomic indicators that track broad activity, such as gross domestic product, are released with a lag.

Willing to compromise on GST compensation: Kerala FM Thomas Isaac

FM Isaac said the Centre must do away with the bifurcation of revenue shortfall arising due to Covid-19 and GST implementation.

GST Council has no jurisdiction over borrowing by states: Govt sources

As such issue of voting in the Council over this issue does not arise, they say

Cash-to-GDP ratio could hit 14-15%, the highest since independence

This is assuming 10% contraction in India's nominal GDP; currency with public crossed Rs 26 trillion in mid September

Indian Bank launches business mentoring programme to support MSMEs

'MSME Prerana' will train entrepreneurs in business skills, communication, credit assessment.

Southern Railways tests 1st battery operated dual-mode shunting locomotive

The locomotive has a continuous run time of 3.5-4 hours in Battery Mode

Govt removes export curbs on N-95 masks to promote outbound shipments

The government on Tuesday removed export curbs on N-95 masks, to promote outbound shipments of the product.

AEPC hails move to allow N95 mask exports, says will fetch Rs 1,000 cr a yr

The council says decision will also help clear Rs 464 cr in RoSL claims

No question of withdrawing MSP, it is all rumour mongering, assures FM

Sitharaman says the recent agricultural reforms were designed for the welfare of farmers

IT services growth to return in 2021, Covid to fuel digital spends: Fitch

Most companies have reported robust deal wins that should support growth in 2021-2022, despite the revenue decline in the second quarter of 2020, said the report

Work on reviving India-Bangladesh rail link likely to be completed by Dec

A defunct railway link with Bangladesh is being revived with work on the Indian side of the border from Haldibari in north Bengal likely to be completed by December, a railway official said

Swift economic recovery key to limit loan losses for Indian banks: Fitch

Lenders face a tough operating environment in the near term, with a spike in stressed loans and write-offs due to the economic fallout of the coronavirus pandemic

Services activity improves in September, PMI at 49.8 vs 41.8 in August

The latest reading was indicative of broadly stable output across the sector

In times of job loss and insecurity, Malegaon emerges a successful outlier

None of the labourers working at power looms in Malegaon are migrant workers, said Yusuf, the union's chairperson

Rupee gets cushion from stock flows, current account surplus amid pandemic

The currency has advanced more than 2% in the third quarter, outperforming the Indonesian rupiah

Govt appoints Ashima Goyal, Jayanth Varma, Shashanka Bhide as MPC members

MPC meeting likely early next week with new panel

Piyush Goyal holds discussions with top leadership of coal and power sector

Goyal held a meeting with top leaders of the coal and power sector to ensure consolidation of the coal business of Railways and to suggest ways to further improve the joint operational productivity