Page 1695 - Economy & Policy News

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

Aug services PMI jumps to 41.8 vs 34.2 in July; still in contraction zone

August was the sixth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014

Asking banks to waive interest will adversely impact financial system: Govt

Solicitor General Tushar Mehta told the three-judge Bench that waiving interest or granting a blanket moratorium on repayment of loans will be a "knee jerk reaction"

Centre, states to share cost of Rs 3-trillion discom reform scheme

Umbrella scheme to include grants for schemes of IPDS, DDUGJY, and have loss-reduction targets

Once nearly half, China's market capitalisation is now 5x India's

According to Bloomberg data, China's m-cap stood at just $407 billion in May 2006 - 45 per cent below India's m-cap of $745 billion

Govt puts Rs 2 crore cap on exports promotion scheme, sparks protests

Exporters fume as notification by Commerce Department confirms January 1, 2021 as end date for scheme

India jumps 4 places on Global Innovation Index to enter top 50 league

India increased the most in three pillars: Institutions (61, from 77 in 2019), business sophistication (55, from 65 in 2019), and creative outputs (64, from 78 in 2019)

Towards a new India: New e-health database rolls out via pilot projects

Modi's Independence Day speech focused on areas such as health and infra for a self-reliant New India. The first of a three-part series looks at the implications of the proposed Digital Health Mission

Bureaucrat Kshatrapati Shivaji takes up India's top statistical post

But he has only been given additional charge, and govt has not appointed a full-time chief statistician yet

Liquidation process can allow public auction of non-realisable assets: IBBI

Says if auction is not possible, the assignment--transferring the rights and obligation of an asset--may be done on arm's length basis by the liquidator