Page 1687 - Economy & Policy News

Farm sector will continue to shine in 2020-21 but rural as a whole may not

The non-farm sector occupies a large part of rural income, and unless it grows substantially, just expecting farm growth to bring about rural sector revival is unreasonable, say experts

Why the massive expansion in RBI's balance sheet isn't really extraordinary

As a share of nominal GDP, the balance sheet is well within the levels of the past few years; yet it could influence every sphere of economic activity in the country

Banks going to be catalysts for economic revival, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday said banks are going to be the catalysts for economic revival

Localised lockdowns slowing revival, impacting retail sales: RAI survey

Localised lockdowns are slowing down revival and impacting retail sales as retailers saw de-growth of 52% in August as compared to the same month last year according to a survey by RAI

Average spend dipped, need to work on building consumers' confidence: Jain

Covid-19 has led to a "drastic" drop in the average spend of people, Delhi minister Satyendar Jain said and emphasised that there is need to work towards building consumer confidence

NABARD sanctions micro irrigation projects worth Rs 3,805 cr so far: Tomar

Agriculture Minister Narendra Singh Tomar said the National Bank for Agriculture and Rural Development (NABARD) has sanctioned micro irrigation projects worth Rs 3,805.67 crore so far

Rly freight revenue may revive in 5 months, passenger income in 9: Study

Railways' freight revenue is expected to recover within next four to five months, but passenger revenue may take over nine months to revive completely from the effects of the Covid, a study has found

GST Compensation revives bitter memory of Centre-state tussle over VAT

Under the VAT system, the compensation mechanism linked to the cut in central sales tax from 4% to zero had created bad blood between the union govt and the states

State govts' FY21 deficit seen ranging from 4.25 to 5.52% of GSDP: Icra

State governments' deficit is seen in the range from 4.25 per cent up to 5.52 per cent of the gross state domestic product (GSDP) in the current fiscal, Icra estimates showed

I-T Dept issues refunds worth Rs 1.01 trn to 2.7 mn taxpayers till Sept 8

The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.01 trillion to 2.7 million taxpayers between April 1 to September 8

UP plans exclusive retail chain to market ethnic, indigenous products

While, a majority of these outlets would be set up in UP, stores will also be launched in other states

Highways Min releases over Rs 10,000 cr for developers to expedite work

The government said it has released over Rs 10,000 crore to developers amid Covid-19 to boost the 'Atmanirbhar Bharat' scheme and expedite highways construction

Backward regions in UP fared well district-wise, on ease of doing business

Unnao ranked No. 1 among A Catrgory districts, Kaushambi tops B Category

India, ADB sign $500 million loan for Delhi-Meerut RRTS corridor

India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility, to build a modern, high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor that will improve regional connectivity and mobility in the national capital region.

EPFO decides to credit part of 8.5% interest for FY20: Report

Remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year

How 3 labour codes aim to reform employment contract, layoffs, work safety

Legal changes will grant contract workers equal statutory social security benefits as regular workers of a business

Debt recast, demand pick-up to help overcome mismatch in cash flow: Ind-Ra

The rating agency said, "It expects capital market instruments to continue to be serviced, given the diversified nature of holdings and different class of investors"

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players

5 Petroleum and Gas PSUs to join International Solar Alliance: Pradhan

Five PSUs under Petroleum and Natural Gas Ministry will be joining ISA's Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners and will be contributing to ISA's Corpus Fund

Goyal urges industry to work with Railways in reducing cost of logistics

Railways Minister Piyush Goyal said there has been a transformation of railways and that the COVID-19 phase has been utilised to remove bottlenecks making policing changes and improving infrastructure