Page 1706 - Economy & Policy News

Icra outlook on ports negative for FY21 despite signs of recovery in July

General cargo throughput may witness 6-8% contraction in FY21; container segment decline by 12-15% during same period

Exit strategy, milestones needed for fiscal consolidation for future: RBI

Govt should have a clear exit strategy and credible milestones for fiscal consolidation in the coming years, RBI said in its annual report amid meeting the fiscal targets becoming more challenging

RBI calls for wide-ranging reforms to regain Covid-19-induced losses

Declining capacity utilisation, consumption demand and overhang of stressed balance sheets are restraining new investments, the RBI said while calling for reforms to regain losses due to Covid-19

RBI balance sheet expands by 30 per cent in FY20 to Rs 533.27 trillion

On June 30, 2019 (FY19), the size of the bank's balance sheet was Rs 410.29 trillion

Stimulus to ease funding burden for India's weakest firms in Covid era

Yield premiums on 10-year rupee bonds ranked BBB have dropped about 80 basis points from an 11-year high in late March

Govt, RBI need to share cost of maintaining UPI infrastructure: Report

The IIT-Bombay report further said UPI as a digital payments platform increases efficiency towards tax compliance, and provides overall convenience for public good

Covid-19 impact: States stare at Rs 6-trillion fiscal hole, says SBI report

Might have to cut capex by 40%, says report

India waits for US response on mini trade deal of the kind signed with EU

New Delhi continues to push an early-harvest deal, to be followed up with detailed negotiations on a comprehensive Free Trade Agreement

Healthcare industry expects medical tourists to return to India soon

Industry and govt working on SOPs to ensure safe passage and procedure

How many people actually fall under India's public distribution system?

The issue assumes importance after the starvation death of a girl in UP and information given to Parliamentary standing committee on labour that migrant workers without ration cards didn't get food

GST reduced tax rates, doubled taxpayer base to 12.4 million: FinMin

The number of assessees covered by the GST at the time of its inception were about 6.5 million

Covid-hit 39 Gw renewable energy projects stare at delays, cancellations

175 Gw target under threat as project developers, states shy away

Railways issues tender to develop Mumbai's CST station, seeks pvt firms

The estimated cost of the project is around Rs 1,642 crore, says company entrusted with bids

Covid-19 impact: Andhra Pradesh govt revises Profession Tax structure

The state government realised Rs 231.68 crore in the form of Profession Tax in 2019-20 and Rs 221.80 crore the previous year

Subordinate debt: A way for govt to hand out cash to needy MSMEs

The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment

Gadkari calls for modernising public transport, increasing use of biofuels

Road Transport Minister Nitin Gadkari on Monday said there is a need to modernise the public transport fleet and promote use of green fuel like bio-CNG, ethanol, methanol as well as electricity.

Covid-19: Packaging industry sees higher volume growth in June-qtr

Packaging firms have witnessed higher volume growth and better earnings in the April-June quarter, helped by a rise in consumption of packed products amid the coronavirus lockdown

Opec shares in India's oil imports fall to decade low due to Covid-19

The Covid-19 disruptions have changed the structure of the country's oil and gas sector with the share of OPEC crude in Indian oil imports falling to a decade-low level in July.

India, Nepal to expand energy cooperation, explore new pipeline

The atmosphere of mistrust between India and Nepal over border issues has not impacted energy sector cooperation between the two countries

States face uncovered losses of Rs 3.1 trillion in FY21: SBI report

States are likely to face uncovered losses of up to Rs 3.1trn in the current financial year due to massive disruption caused by Covid-19 pandemic, according to a report by State Bank of India (SBI)