Page 1692 - Economy & Policy News

Coal Ministry replaces five Chhattisgarh mines in commercial auction

Adds three mines from the same state taking the total of mines on offer to 38, from 41 earlier

India becoming a leading destination for foreign investment: PM Modi

PM says pandemic has taught global supply chains need to be built on trust and policy stability

SC directive is a big relief for stressed firms with cash flow issues

Cash flows of airlines, hotels, SSIs yet to recover

Covid-19 pandemic pushes up average retail order size by over 50%

Retail realty sector that was seeing a steady fall in inventory is again staring at a spike in vacancy rate, a report by Anarock & Retailers Association of India shows

Firms raising 3-month money at much lower than RBI's overnight rates

Even as FCI is raising Rs 75,000 cr for three months at 4.69%, companies are regularly tapping bond market for the same tenure at as low as 3.2%, way lower than RBI's repo rate of 4%

Don't declare accounts NPA till further orders, says Supreme Court

A three-judge Bench will hear the case next on Thursday

Railway Board restructuring gets green flag: Vinod Yadav to be first CEO

The current restructuring will be a zero-cost exercise and money will be saved by surrendering posts in the board and stopping duplication of work

Contribution-based pension accounts for new EPFO subscribers soon

The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable

GST compensation row: Bihar bats for the first option proposed by Centre

West Bengal, Tamil Nadu, Kerala, Chhattisgarh, and Telangana have rejected both the options and reached out to Prime Minister Narendra Modi to intervene

At 41.8, services PMI continues to show contraction for 6th month in Aug

PMI for combined services and manufacturing rose from 37.2 in July to 46 in August

Shutting old coal plants, freezing new ones will save Rs 1.45 trn: Report

Replacing scheduled generation from these old plants with cheaper electricity, either from new renewables or from the market, would save another Rs 7,000 crore annually

CII launches plan to nurture new businesses, to work with DPIIT on strategy

Will provide policy inputs, identify new growth segments and set up international partnerships; wants govt to invite other nations to participate

Stability in politics, policies make India best for global investors: Modi

Modi cited a slew of reforms undertaken by his government and asserted that India is committed to democracy and diversity

India needs paradigm shift in personal data management: Niti Aayog

The draft paper further said that opening up an Application Programming Interfaces (APIs) based data sharing framework would bring significant innovation by new fintech entities

TVS Motor looks to gain speed in performance bike market despite Covid-19

Having acquired iconic British brand Norton in April, the Chennai-based company is looking to gain speed in the performance bike market

Covid-19 has not affected ambitions, aspirations of 1.3 bn Indians: PM Modi

"India a country of political stability and policy continuity with commitment to democracy and diversity," Modi said

Finance Commission to deliberate on GDP growth, GST compensation

N.K. Singh, the Chairman of the 15th Finance Commission, along with the other members, will hold a day-long meeting with the Economic Advisory Council of the commission on Friday

Signs of economic revival as UP revenue collection jumps 6.74% in August

After sluggish mop up in April and May, state earnings have been improved with revenue collection in July at Rs 10,675 crore, or 97% of the level achieved the same month a year ago

Essential goods to fuel retail industry's growth in coming quarters: Report

Essential goods will fuel the Indian retail industry's growth in the coming quarters, with consumer expenditure continuing to remain focused on these items, particularly food and grocery

Paper & paperboard imports surge 10% on nil customs duty after ASEAN FTA

The share of paper imports from ASEAN in total paper imports for India has risen more than four times from about 5 per cent in 2010-11 to about 21 per cent in 2019-20