Page 1688 - Economy & Policy News

Gujarat, Haryana and Karnataka beaten down by others in biz reform rankings

Officials, experts attribute this to lack of response from industry to survey, political instability in Karnataka

Zero-budget farming raises incomes but demands more labour and time: study

A staggering 87% of those using the method have not been able to get a better price for their produce than those who did not go for it

Railways achieves 31% of targeted capex in five months despite Covid-19

During the time of lockdown, the Railways increased the pace of infrastructure works, completing almost 200 projects that needed a traffic blockade

EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

PowerGrid's asset monetisation via InvITs gets Cabinet go-ahead

PGCIL will become the first PSU to issue InVIT, and the asset size will be Rs 7,000 crore

Vote on GST compensation inevitable if govt sticks to 2 options, says Isaac

Centre will have to get support of some non-BJP-ruled states to pass its decision even in case of vote

India needs more banks to double credit-to-GDP ratio to 100%: RBI official

Sabharwal, who is the chairman of Teamlease Services, also said the country needs immediate reforms in banking, compliance, labour laws and education because "hope is not a strategy"

Rating firms rework their India FY21 GDP forecasts with sharper contraction

Impact on wages to severely dent consumption and decelerate recovery, says India Ratings

Curbs on market openings caused loss of Rs 5,000 cr in 5 months: CAIT

The CAIT has hailed the Uttar Pradesh government''s order to lift Sunday restrictions on markets, saying the move will help restore normalcy and boost slumping trade

Kamath panel has little impact on retail, media, food services: Experts

30-50% firms don't meet criteria; Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

Ministry of New and Renewable Energy along with World Bank will design the plan for implementing 'One Solar One World and One Grid'; NTPC will implement the solar projects in 47 ISA member countries

Cabinet reviews labour reforms; to push remaining Codes in Monsoon session

The central government has been working to concise 44 central labour laws into four broad codes on wages, industrial relations, social security and occupational health & safety

Chennai Central, Tambaram among terminals identified for pvt trains in TN

Chennai Central and Tambaram are the terminals proposed for operation of private trains and the maintenance yard for such trains here is likely to be Tondiarpet

Coronavirus-hit states' borrowings soar 51% to Rs 2.97 trn so far in FY21

Heavily indebted Uttar Pradesh borrowed 43 per cent less than what it had borrowed last fiscal till September 8

Govt plans to sell 15-20% stake in IRCTC via OFS in at least 3 tranches

The government plans to sell about 15-20 per cent stake in IRCTC via offer for sale (OFS) and would like to complete the transaction in minimum number of tranches

EPFO settles 9.4 million claims worth Rs 35,445 cr during April-August

Retirement fund body EPFO has settled 9.4 million claims totalling Rs 35,445 crore during April-August despite Covid-19 related restrictions, an official statement said on Tuesday

UP clocks fresh investment worth Rs 17,000 crore in industrial projects

Interestingly, the nodal officers had played a pivotal role in resolving issues of investors

Tamil Nadu opposes provision in Master Directions for priority lending

CM Palaniswami says state seems to have been singled out for adverse treatment as all 32 districts (prior to bifurcation) have been categorised as having comparatively high flow of priority credit

Re-open eateries and bars in Maharashtra, say bodies, as Delhi blinks

Bars in national capital to welcome guests on Wednesday

Over 42 cr poor got Rs 68,820 cr financial aid under PM Garib Kalyan Yojana

Finance Ministry said more than 42 cr people have received Rs 68,820-cr financial assistance under the government's Pradhan Mantri Garib Kalyan Yojana to protect poor and vulnerable due to Covid-19