Page 1665 - Economy & Policy News

Covid-19: NPPA caps price of liquid medical oxygen, cylinders for 6 months

The present situation of Covid-19 has resulted in increased demand of medical oxygen up to almost four times from 750 MT per day to around 2,800 MT per day, the Ministry said

In pictures: India's first regional rapid transit system train

The Centre on Friday unveiled the first look of the Regional Rapid Transit System (RRTS) train, it can attain a top speed of 180 kilometers per hour on the Delhi-Ghaziabad-Meerut corridor

Normalisation from Covid economic disruption to take longer in SE Asia: S&P

The S&P report said China will continue to lead Asia's uneven recovery from Covid-19 economic disruption with 2.1 per cent GDP growth in 2020 and 6.9 per cent in 2021

India needs to copy China better when it comes to running successful SEZs

Investment zones must provide the kind of governance and clarity that's in short supply across the rest of India, writes Reuben Abraham.

EV push: Govt plans $4.6 billion in incentives for battery makers

The proposal is likely to be reviewed by Modi's Cabinet in the coming weeks

Supreme Court orders CERC to remain under suspension for one more month

The apex court said the earlier judgment of August 28, 2020, would continue to remain in force till October 26 or till the time a member (law) is appointed

Centre planning to further sweeten contract terms for TOT investors

The road developer will be tasked with the operation, maintenance and management of the contract

Faceless I-T appeal system kicks off today, leaves out fraud and evasion

FinMIn says will benefit both assessees and I-T department, critics say personal hearing required in complex cases

Govt plans floor price for domestic natural gas amid falling prices, demand

Relief for producers as prices and demand falling globally

Middle, rural India driving 'strategic priorities' of FMCG firms: Nielsen

Nielsen defines middle India as urban but towns with population of 1-10 lakh, excluding rural centres and metros.

Harley to GM, India's auto market remains elusive for most global firms

Over the last three years, at least three global brands - Harley-Davidson, being the latest - were forced either to exit or scale down their operations

S&P affirms India's "BBB-" rating with stable outlook; weak points flagged

Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income

Local players must capture domestic market for self-reliant India: Minister

Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent

PM Modi's 'Atmanirbhar Bharat' an important initiative, says IMF

India would need to gradually increase its total spending in the healthcare sector from the current 3.7 per cent of the GDP, said IMF

ADB approves loans worth $570 mn for urban projects in Rajasthan, MP

ADB said it has approved a $300 million loan to develop Rajasthan's secondary towns and a $270 million loan for Madhya Pradesh Urban Services Improvement Project

NCAER sees GDP shrinking by 12.6% in FY21, falling in three remaining qtrs

All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said

Centre used GST compensation cess elsewhere, broke law, says CAG

CAG said out of the Rs 62,612 crore GST Compensation Cess collected in 2017-18, Rs 56,146 crore was transferred to the non-lapsable fund.

Re-validation of details may be needed for cheques above Rs 50K from Jan 1

Availing of this facility would be at the discretion of the account holder

RBI devolves 10-yr bond auction for fourth time, underwriters step in

Bond dealers say the central bank has singled out the 10-year bonds as marquee rate setting bonds and is trying to put out a forceful rate signal

High Kharif output, MSP hikes to give farmers extra Rs 50k cr: CARE Ratings

Kharif crops account for nearly 9 per cent of the total gross value added and contribute nearly 60 per cent of value addition of the agriculture and allied activities sector