Page 1659 - Economy & Policy News

Railways to introduce 200 more trains during festive season: Board Chairman

The Railways is planning to introduce 200 special trains between October 15 and November 30 to cater to passengers travelling during the festive season, Railway Board Chairman and CEO V K Yadav said

Fiscal deficit of 18 states at 40.7% in Q1, revenue deficit at 285%: Ind-Ra

Steeply falling revenues and central grants amidst rising expenditure to fight Covid-19 led to 18 of the largest states reporting a collective revenue deficit of 285% of Budget Estimates in April-June

GST collections at Rs 95,480 crore in September, highest this fiscal

In September, the tax collected from import of goods was 102% and the revenues from domestic transaction were 105% of the revenues from these sources during the same month last year

UP plans Rs 3,000 cr loan for procuring paddy as farm bills protests mount

State seeks funds for minimum support price it will pay to farmers, guarantees interest on loan.

UPI transactions stood at Rs 3.29 trillion in September, shows NPCI data

The Unified Payments Interface (UPI) transactions stood at Rs 3.29 lakh crore in September with number of transactions at 1.8 billion, NPCI data showed

PE-VC firms invest $26.3 billion in Jan-Sep 2020; down 2 per cent YoY

Investments in RIL subsidiaries deals have managed to arrest the overall decline in PE-VC investment figures in 2020

Low profile, yet outspoken, Trai's Vaghela knows how to take tough calls

his biggest break came when he returned to the state and was made commissioner (commercial taxes) in 2016

Manufacturing activity expands at fastest pace in 8 years in September: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August

Recovery patchy; stimulus at appropriate time: FM Nirmala Sitharaman

FM Sitharaman said the government has turned the crisis into an opportunity as directed by the prime minister and has brought in several systemic reforms

Centre keeps borrowing programme unaltered at Rs 4.34 trillion in H2

In the first half that ended in September, the government borrowed Rs 7.66 trillion at an average yield of 5.82 per cent

GST collections for Sept may cross Rs 95,000 cr for first time in FY21

The highest GST collections reported in the current fiscal year so far were Rs 90,917 crore in June

Retail credit growth moderates after seeing a jump in July, shows data

The outstanding retail loan book stood at Rs 25.48 trillion in August, up from Rs 25.31 trillion in July.

In April-August, India's fiscal deficit at 109% of full-year target

Fiscal deficit or the gap between the expenditure and revenue had breached the annual target in July.

Core sector output shrinks for sixth straight month in August, down 8.5%

Refinery production impacted the most, coal production rises after 4-months

India posts current account surplus of $19.8 bn as trade deficit narrows

Surplus in April-June 2020 (Q1Fy21) comes on top of a surplus of $0.6 billion (0.1 per cent of GDP) in the preceding quarter (Q4 Fy20), says RBI.

New motor vehicle rules come into effect from today: All you need to know

During the process of finalisation of the Motor Vehicles (Amendment) Act, 2019, numerous consultations were held with stakeholders.

Biz will have 30 days to generate e-voices for B2B sales in Oct: CBIC

Under the Goods and Services Tax (GST) law, companies with turnover of over Rs 500 crore will have to generate e-invoice for B2B transactions from October 1

Centre keeps borrowing programme unaltered at Rs 4.34 trillion in H2

To borrow Rs 4.34 trillion in 16 weekly tranches till Jan-end for the second half of the financial year

5% import duty on key component used in TV manufacturing from Oct 1

Customs duty of 5 per cent has been imposed on import of a key component used in manufacturing of LED/LCD TVs from October1, a government notification said on Wednesday.

Govt emphasis on raising turnover, efficiency of PSUs: Javadekar

Javadekar was speaking at the launch of a compendium titled ''Building Self-Reliance, Self-Resurgent and Resilient India''