Page 1677 - Economy & Policy News

FM urges ADB to step up lending, private sector operations to ease poverty

India has the absorptive capacity to receive about USD 4 billion a year from sovereign operations and about USD 1.5 billion annually from the private sector financing window, Sitharaman said

No procurement from nations where Indian tenders prohibited: Govt

The government has barred companies from countries, which do not allow Indian firms to participate in their government procurement, from participating in any government procurement tenders in India

Yield on govt securities moderated sharply in Q1: Finance Ministry report

The additional expenditure has pushed up government borrowing during April-June quarter with the Centre issuing dated securities aggregating to Rs 3,46,000 crore as against Rs 2,21,000 crore in Q1FY20

Covid-19 pandemic hits value of Indian brands, says Kantar report

Like major banks - State Bank of India, Axis Bank, and IndusInd Bank, top auto brands such as Maruti Suzuki, Bajaj Auto, and Hero MotoCorp have suffered significant losses

Retail inflation for farm workers, rural labourers eases marginally in Aug

Retail inflation for farm workers and rural labourers cooled down to 6.32% and 6.28%, respectively, in August compared to the year ago period mainly due to the softening of prices of some food items

UP govt targets Rs 15,000 cr loans for MSMEs to ease working capital woes

UP aiming to double MSME exports to Rs 2.40 trillion in 3 years

India Ratings gives 'negative' outlook for banking sector in H2FY21

India Ratings and Research has revised its outlook on the banking sector to 'negative' from 'stable' for H2FY21

Covid-19 fallout: Fiscal deficit may rise to Rs 14.6 trillion in FY21

Fiscal deficit is expected to balloon to Rs 14.6 trillion or 7.6% of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said

Centre increases FDI limit in defence from 49% to 74% under automatic route

The Central government has increased the foreign direct investment (FDI) limit in the defence sector from 49 to 74% under automatic route and beyond 74% through the government route

Indian economy staring at double-digit decline as Covid-19 cases spike

The failure to get infections under control will set back business activity and consumption -- the bedrock of the economy -- which had been slowly picking up

Govt deviates from norm, asks House to regularise 2-year-old expenditure

Demonstrates the sluggishness at the Centre in finalising its accounts, which means the states have to depend on older data to make their point about revenue and expenditure mismatch

Uncertainty looms on lives by the track despite govt assurance

In recent elections, the Aam Aadmi Party and the Bharatiya Janata Party have traded the 'jahan jhuggi, wahan makan' (shelters in every slum) poll plank

Farming, fin inclusion weakest spots in aspirational districts plan: study

Most districts are 40-90% off target; Initiatives on water resources and skill development also need much attention

World commercial services trade shows resilience despite momentum loss: WTO

4.3 per cent dip in services trade in first quarter of 2020 was not as much as earlier anticipated

RBI announces outright purchase of Rs 10k-cr of bonds from secondary mkts

The central had till now been simultaneously buying and selling bonds of equal amounts to keep the operation liquidity neutral.

Indian Railways to allow private players for bullet train projects

The projects -Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah - are expected to cost around Rs 10 trillion

No easing GST rate, automakers should cut royalty payments: FinMin sources

They say companies should cut royalty payments to parents abroad instead of asking GST cut to tide over Covid crisis

Maharashtra CM asks state industries dept for plan on ease of doing biz

He said the industries department should make the ease of doing business procedure more effective in the state

Passage of agriculture bills in Lok Sabha to empower farmers: Niti Aayog VC

For the first time, he said, farmers can proudly sell directly from their farms, igniting in them a sense of entrepreneurial freedom without the risk of trader exploitation

Self-reliance in manufacturing stumbles on massive import dependence

During 2018-19, foreign exchange spending mostly on capital goods stood at 25.5 per cent of total sales