Page 1683 - Economy & Policy News

Govt's PLI boost set to make India manufacturing hub for Apple iPhones

Foxconn, Wistron and Pegatron, which manufacture the bulk of Apple's iPhones, are expected to get the Cabinet's go-ahead under the productivity-linked incentive (PLI) scheme for mobile devices

Some states against borrowing options to meet GST shortfall: MoS Finance

Some states have objected to the proposed borrowing plan of the Centre to fund the GST revenue shortfall and they are being requested to exercise either of the two options, Anurag Singh Thakur said

Indian economy to shrink by 9% this fiscal: Asian Development Bank

India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank (ADB) said on Tuesday

Three external members of MPC may get a short extension next week

The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources

LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

High food prices keep India's retail inflation above 6% in August

Wholesale inflation rises above 0 after 4 months

Weekly economic indicators: More shoppers stepping out, road traffic higher

High-frequency indicators show signs of gains amid talk of second wave

Debt monetisation by RBI could undermine investor confidence: S&P

S&P said sovereign-bond purchases by central banks in emerging markets have not spooked the markets because investors accept these operations as emergency actions related to the Covid-19 pandemic

Covid-19 impact: India's economy to contract 9% in FY21, says S&P

It assessed that impact of the rising Covid-19 cases on private spending and investment will be for a longer period than what was expected earlier

The GST compensation conundrum: Maharashtra leads in dues, shows data

The compensation cess collection is 26.4 per cent lower in the April-August period this year on a year-on-year basis

20 CPSEs, their units in pipeline for strategic sale: Finance Ministry

As many as 20 CPSEs and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, MoS for Finance Anurag Singh Thakur said

Govt bans export of onions to check soaring prices, increase availability

The DGFT, an arm of the commerce ministry, deals with exports and imports-related issues

Govt seeks parliamentary approval for additional Rs 1.67 trn expenditure

The additional requirement includes Rs 40,000 cr for works under MGNREGA and Rs 20,000 cr for bank recapitalisation

Govt may launch mobile app to record off-mandi transactions under new Bill

Govt says no change in MSP; introduces three bills to replace farm ordinances

Impact of corporate tax rate cut to be felt in coming years: Anurag Thakur

Govt said the lowering of corporate tax rate has made India a globally competitive and favoured destination for investment and the impact of this landmark reform will be felt in the coming years

Retail inflation dips marginally to 6.69% in Aug, food inflation at 9.62%

Food inflation during the month stood at 9.62 per cent

Govt weighs dropping debt condition in plan to sell Air India: Report

Despite the losses, the airline has some lucrative assets which include prized slots at London's choked Heathrow airport, a fleet of more than 100 planes and thousands of trained pilots and crew

UP govt speeds up land acquisition for 91-km Gorakhpur Link Expressway

The mega project spanning four districts is estimated to cost over Rs 5,800 crore, benefiting a total population of 50 million

FM presents 1st batch of supplementary demands; seeks additional Rs 2.3 trn

FM Nirmala Sitharaman on Monday sought the Parliament nod for additional spending of Rs 2.35 trillion, which include cash outgo of Rs 1.66 trillion, primarily to meet expenses for combating Covid-19

GST compensation due to states at Rs 1.51 trillion, Maharashtra owed most

The GST collection during April-August declined on account of COVID-19 induced lockdown, and the compensation due to states stands at over Rs 1.51 trillion, MoS for Finance Anurag Singh Thakur said