Page 1713 - Economy & Policy News

Locals will be consulted before starting projects: Maharashtra CM

Maharashtra Chief Minister Uddhav Thackeray on Tuesday held discussions with a group of eminent persons on ways of boosting the state's growth rate and reviving its economy

FinMin says NSDL will create awareness about National Pension System

The Finance Ministry on Tuesday said NSDL e-Governance Infrastructure Ltd will undertake an exercise to create awareness among people about the National Pension System (NPS)

Data & AI have potential to add $500 billion to economy by 2025: Nasscom

This segment could account for 10 per cent of the country's GDP by 2025, according to the industry body

CII seeks govt intervention for revival of Covid-hit tourism industry

Industry body CII has sought intervention and support from the government to ensure revival of the tourism industry, majorly impacted due to the Covid-19 pandemic

GSTN enables functionality to help GST payers on ITC eligibility

So far, the GST system used to compute eligible ITC based on suppliers' sales return GSTR-1, but the break-up at the invoice level was not provided

Sadananda Gowda assures Telangana of adequate urea supply for Kharif season

Chemicals and Fertilisers Minister D V Sadananda Gowda on Tuesday assured Telangana of adequate availability of urea for the ongoing Kharif (summer sowing) season.

MPC fared well but the new group should do better, say economists

There is no provision for extension of tenure of external members, and it is likely that the govt will appoint new ones

Platform ticket price hiked to maintain social distancing: Railways

People who have confirmed train tickets will be allowed at stations, says Railway Board chairman.

Data, AI can add $500 bn to India's GDP, need to be leveraged: Nasscom

Nearly 45 per cent of this value is likely to be delivered by 3 sectors - consumer goods and retail, agriculture, and banking and insurance, the report said

Railways procures drones to protect assets, ensure passenger safety

The purpose of the drone deployment is to provide a force multiplier and aid the deployed security personnel

India likely to see rise in populism; trend poses risk to economy: JPMorgan

Populism is linked with weaker economic growth in the long-term, which could weigh on India's rich equity valuations, says bank.

Gujarat govt approves construction of high-rises of over 70 floors

Gujarat Chief Minister Vijay Rupani has approved construction of buildings of 70 floors or more in five major cities of the state

India to propose creation of World Solar Bank at ISA's next summit

Global competition to decide which country will host the $10 billion bank

More defence import embargoes soon, industry asked to step up

Army spells out four kinds of equipment it wants to be made by domestic manufacturers

Govt explores tax sops, import curbs to make agrochem sector self-reliant

Sources in the know said the Centre was also looking at increasing Customs duty on formulations, agrochemicals, and pesticides falling under different Harmonized System of Nomenclature codes

Mumbai traffic, Railway earnings: What weekly indicators tell about economy

Economic activity that ground to a halt with the shutdown for the coronavirus has now begun to slowly come back

Covid-19 impact: GDP to contract 16.5% in first quarter, says SBI report

It attributed the revision mainly to smaller gross value added (GVA) degrowth by listed companies for the quarter

Covid-19 effect: Signing date of Jewar airport's key pact deferred again

The state government had in June extended till August 17 the date for the signing of the concession agreement with Zurich Airport AG amid travel restrictions due to the global outbreak of Covid-19

PM chairs meet to review preparations for economic zones connectivity plan

Finance Minister Nirmala Sitharaman, Railway, and Commerce and Industry Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri were among those who attended the meeting

China's loss of supply chains may become India's gain in post-Covid era

The government expects the program for electronics alone could lead to $153 billion worth of manufactured goods over the next five years and create about one million jobs directly and indirectly