Page 1718 - Economy & Policy News

RBI's MPC begins deliberations on monetary policy, decisions on Aug 6

The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and lockdown

July exports at nearly last year's level; economy on path to revival: Goyal

Goyal said several indicators are reflecting that the economic activities are reviving in the country

Gradual pick-up in export consignments prompts ports to push volumes

JNPT back to handling 12,000 containers per day; Essar Ports performing at pre-Covid levels; Adani Ports Q1FY21 throughput 27% down YoY

With eye on China, India looks to increase barriers on imports from Asia

China is India's second-biggest trading partner, with trade worth $87 billion in the fiscal year ending March 2019

Shortest ruling 10-year benchmark bond ever: Changes within three months

Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting

Many weekly indicators turn positive as economy prepares for Unlock 3.0

The central government has suggested more opening up from first week of August

Local demand to prop up crop protection SMEs: CRISIL SME Tracker

Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing nations such as the US, Brazil and France

Share of external financing of fiscal deficit soars to 4.5% in Q1: Report

The government has run 83 per cent of its borrowing target as of June, according to official numbers released on July 31, due to the impact of the pandemic that crippled the economy

Restrictions on TV imports to help domestic industry build capacities: ICEA

The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China

Economy picks up slightly but may still shrink from last year's level

Two key indicators--the rising number of e-way bills generated under GST, and a stronger SBI Composite Index point to a resurgence in economic activity

FDI in commercial mining from border sharing nations needs govt nod: India

It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.

Govt appoints 3 new members of Central Board of Indirect Taxes and Customs

The appointments committee of the cabinet has approved the appointment Jain, Johri, and Sharma as CBIC members

SBI economists pitch for sector-specific loan recast after moratorium ends

They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets

Margarine sale needs to be controlled due to health concerns: Gadkari to PM

Margarine has a negative impact on human health due to the presence of large amounts of trans fat in it. Its use has increased significantly in hotels and restaurants

Rising real lending rates causing steep fall in credit flows, GDP: Report

The brokerage had last month penciled in 5 to 7.5 per cent contraction in GDP this fiscal, saying each month of lockdown has shaved off 100 bps of the economy

Lata Mangeshkar, Amritanandamayi extend Raksha Bandhan greetings to PM Modi

In a video message on the micro-blogging website, Amritanandamayi wished may god bless Prime Minister Narendra Modi and give him the strength to take the right decision

RBI monetary policy: As economic contraction looms, majority see rate pause

Contracting economy, rising bond supply, inching up of long-term rates reduce prospects of successive rate cuts

Factory output takes hit as demand falls; PMI manufacturing at 46 in July

A further decline in new orders and output signaled weakness in overall demand despite factories again cutting their prices, leading firms to reduce their workforces for a fourth month in a row

Kerala to train, export health workers; capitalise on remittances: FM Isaac

'There will be demand for Kerala nurses and paramedics all over the globe,' says Finance Minister Thomas Isaac

Digital payments see good growth in Jul; UPI transactions up 11% to 1.49 bn

While there was a blip in the transactions in April due to the nation-wide lockdown, digital payment transactions soon recovered as the nation opened up