Page 1686 - Economy & Policy News

44% households feel they're spending more to get less, says survey

Indicates Covid-19 pandemic has upended the household budget

Covid-19 impact: India's fuel demand declines 7.5%, most since April

Petroleum product sales fell to 14.39 million tonnes in August, down 7.5 per cent over the previous month and about 16 per cent from a year earlier

India gave very balanced offer to US for proposed limited trade deal: Goyal

The minister said India is ready to sign the deal "tomorrow", but he has left it to the US to decide on the timing

India slips 26 spots to 105th position on economic freedom index: Report

The Economic Freedom of the World: 2020 Annual Report by Canada's Fraser Institute has been released in India in conjunction with New Delhi-based think tank Centre For Civil Society

Govt to clamp down on large firms dodging Rs 2 cr cap on MEIS claims

Worry over major exporters filing separate export benefit applications through subsidiaries to work around the cap

Lukewarm opening day for 80 special trains; avg occupancy less than 50%

Occupancy in trains originating from Bihar, Uttar Pradesh and West Bengal for journeys towards Karnataka and Telangana maintained an average occupancy of around 30 per cent

Inflation targeting: Indian experience may have lessons for the world

Rather than butting heads with the fiscal authority, or meekly toeing its line, the central bank should insist on pragmatic, rules-based cooperation

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

Govt plans to offer Rs 1.6 trn package to lure global manufacturers: Report

The incentive program, being spearheaded by the country's policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China

National Pension System gradually gaining traction, says PFRDA chief

The National Pension System is gradually gaining traction with many public sector enterprises transferring superannuation funds into it, a top official said on Thursday

Need to strengthen corp governance; adopt best global practices: Thakur

There is a need to strengthen corporate governance and India Inc should look at adopting global best practices and benchmarks in the interest of consumers, MoS for Finance Anurag Thakur said

States may cut FY21 capex by Rs 3 trillion due to GST shortfall: Icra

States may have to significantly cut expenditure by as much as Rs 3.4 trillion in the current fiscal if they are not paid full compensation relating to GST, investment information agency ICRA has said

August inflation number could be 'unpleasant', says SBI Research report

SBI Research Report says 'it's less hopeful' of any rate cut by the central bank this fiscal.

FY21 GDP to contract 9%; govt not providing enough fiscal support: Crisil

The Indian economy will contract by 9 per cent in 2020-21 as the coronavirus infections are yet to peak and the government is not providing adequate direct fiscal support, ratings agency Crisil said

UP govt to organise 5-day global virtual MSME exhibition in October

Buyers from 50 countries will be connected to the virtual platform, which will also promote the One District-One Product (ODOP) scheme

Covid may force govt to borrow more; monetising deficit last resort: Report

Revenue shortfalls in India, the major economy hardest hit by the pandemic, are likely to force the government to borrow more, but it will only consider monetising its deficit as a last resort

PM Narendra Modi launches Rs 20,050-crore scheme for fisheries sector

PM Narendra Modi launched Rs 20,050 crore-Pradhan Mantri Matsya Sampada Yojana to boost production and exports in the fisheries sector as part of the government's aim to double farmers' income

India's exports in September first week jump 13% to $6.12 billion

India's exports during the first week of September jumped 13.35% year-on-year to 6.12 billion dollars, officials data released on Thursday showed

Revenue to disinvestment: Govt short of finances as it tries to fix economy

The govt's net revenue in the April-July period of 2020 contracted 42%, as its overall expenditure growth was kept at 11%. A K Bhattacharya explains the government's challenges in fixing the economy

Rift over GST compensation sets stage for showdown between Centre, states

The GST law requires the federal government to compensate states for five years through March 2022 for any revenue loss on account of the new tax