Page 1669 - Economy & Policy News

UP govt earmarks 77 acre for Noida textile hub; aims Rs 900-cr investment

The hub, comprising nearly 55 manufacturing and export units, is expected to generate employment for more than 100,000 people.

What makes the NPS so crucial to retirement planning in an ageing India

India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead

CBDT issues over Rs 1 trn refunds to 3.2 mn taxpayers since April

The I-T refunds of Rs 31,856 crore were issued in 30,29,681 cases and corporate tax refunds of Rs 79,517 crore have been issued in 176,966, the statement said

Why the temporal distribution of 2020 monsoon season is highly skewed

The phenomenon has caused a lot of problems, such as the spurt in food prices and disruption in supplies due to breakdown in the already Covid-19-battered transport in the hinterland

Private equity inflow in real estate down 85% to $866 mn in Jan-Aug: Report

The private equity (PE) inflow stood at $5,795 million in the corresponding period of the previous year

Govt permits ISO tank containers to carry liquid oxygen amid Covid-19

These containers are manufactured as per the International Organisation for Standardisation requirements and are designed to carry liquids in bulk

India tops up strategic reserves with cheaper crude, saves over $685 mn

The state-funded reserves are meant to tide over short-term supply disruptions and will take care of India's oil needs for 9.5 days

Railofy to provide air ticket if you don't get a confirmed railway seat

Railofay keeps tracking the passenger's waiting list tickets. If the passenger's ticket is not confirmed until the last minute, the app provides a flight ticket to the passenger

Odisha urges Centre to postpone coal block auction by three months

The Odisha Government requested the Central Government to defer the coal block auction process by three months in view of the unfavourable market situation due to the COVID-19 outbreak

12.6 million got free treatment under Ayushman Bharat: Harsh Vardhan

Union Health Minister Harsh Vardhan on Tuesday said the Ayushman Bharat scheme has provided free treatment to more than 12.6 million beneficiaries

Kerala to Philippines, remittance boom is turning into a bust for Asia

Overall, remittances to the Asia-Pacific region will drop 12% in the second half of 2020 compared with the same period last year, Fitch Ratings said this month

Iron ore prices surge, but export curbs play spoilsport for Indian firms

An unexpected surge in Chinese demand has sent global iron ore prices to a six-and-a-half-year high but export restrictions prevent Indian companies from taking advantage

6 months after lockdown: Covid-19 impact on economy likely to be long-term

From when the lockdown was imposed on March 24, the number of Covid-19 cases has shot up from 500 to almost 5.6 mn

Farm Bills impact: Punjab, Haryana cut market fee for basmati and cotton

Madhya Pradesh to give PM-KISAN beneficiaries additional Rs 4,000 per year

India expected to harvest bumper kharif crop in FY21, may pull down prices

In foodgrains, rice production is estimated to be 102.36 million tonnes, which is 0.37 per cent more than 2019-20

NDMC rolls out tax amnesty scheme for unauthorised colonies' residents

North Delhi Mayor Jai Prakash on Tuesday announced that the NDMC has rolled out a property tax amnesty scheme in order to provide reliefto the residents of unauthorised regularised colonies.

Lenders seek higher cover from property developers over Covid-19 issues

Cover means the lender has a certain value of assets compared to a loan given

E-commerce, IT, telecom and pharma buck lockdown trend, stay resilient

Confined indoors, people veered towards over-the-top (OTT) platforms and ordering everything online

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

Covid-19 impact: Worst over, but auto, retail, real estate still ailing

These sectors account for nearly a fourth of India's GDP