Page 1660 - Economy & Policy News

At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report

In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore

Interest rates on PPF, NSC and other small savings schemes unchanged

Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis

Housing sales rebound to 65% of pre-Covid, new launches at 79% of Q4FY20

Affordable and mid-segment housing units priced up to Rs 80 lakh formed 72% of total new supplies

Giriraj Singh releases booklet on Pradhan Mantri Matsya Sampada Yojana

It will serve as an indispensable tool to the beneficiaries in knowing about different activities of the PMMSY

Can't give Rs 100 per quintal incentive to stop stubble burning: EPCA

Farmers say the incentive can help them cover the cost of fuel used in operating machinery for in-situ management of stubble

India tests BrahMos cruise missile at MTCR-busting range of 400 km

While the current test was restricted to 400 km, it is a signal that the BrahMos could be built for far longer ranges in the future, limited only by its fuel carriage.

Govt defers implementation of QR Code on B2C invoices till December1

Quick Response Code or QR Code help users verify the details in the digitally signed e-invoice

40% of India's coal mines on offer find no takers, foreign firms stay away

The world's second largest consumer, importer and producer of coal has offered a range of financial incentives to attract investment and reduce imports

RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn

This is much lower than the quantum earmarked for H1, which was Rs 2 trillion, but way above lasgt years Rs 35,000 cr

Centre notifies three labour codes subsuming 25 laws after President's nod

The new labour laws will be made effective by the government later

India external debt at $554.5 bn by June-end, down $3.9 bn from March: RBI

The share of short-term debt in total external debt declined to 18.9 per cent as on June 30 from 19.1 per cent at end-March

Govt to borrow Rs 4.34 trillion in second half of FY21: Finance Ministry

The Finance Ministry said the government will borrow Rs 4.34 trillion in the second half of the current fiscal to meet its expenditure requirement amid Covid-19 crisis afflicting the economy

UPI transaction volume tops 1.7 bn in Sept, crosses Rs 3 trn by value

The coronavirus (Covid-19) pandemic has resulted in massive adoption of UPI in the offline and online segments

India's gig workers hit hardest by coronavirus pandemic, finds survey

This survey of 770 ride-sharing drivers, delivery workers, and housecleaners using digital platforms was conducted in August 2020, as Covid-19 cases were surging across in India

India's April-Aug fiscal deficit passes 109% of full year budget target

The deficit is predicted to exceed 8% of GDP in the 2020/21 fiscal year that began in April, economists said.

India's delayed approval of hydrogen as a fuel: Implications and road ahead

While the country's work on hydrogen has trailed leaders, it could gather speed once the labelled buses roll around Delhi. Private sector firms too are starting to show interest

India gig workers, hit by Covid, need tech for financial resilience: Report

Flourish Ventures, a global fintech venture capital fund, today published the fourth country report in its five-part series tracking the economic struggles of gig workers during Covid-19

Q1 all-India house price index rises 2.8% on annual basis: RBI data

The all-India House Price Index (HPI) rose 2.8 per cent in the first quarter of the current financial year on an annual basis, according to data released by the Reserve Bank of India

Output of 8 core infra sectors contracts 8.5% in Aug, drops for sixth month

Barring coal and fertiliser, all sectors -- crude oil, natural gas, refinery products, steel, cement and electricity -- recorded negative growth in August

Uttar Pradesh extends deadline for Noida airport pact with Swiss major

The new airport will be designed, developed and operated under a 40-year concession period