Page 1719 - Economy & Policy News

Green shoots of recovery visible as non-Covid work rises in hospitals

Private hospital occupancies inch back to 50% levels

Import ban on TVs: Xiaomi to TCL, Chinese majors face double whammy

Xiaomi, OnePlus, TCL, and Realme also hit by component price hikes

Cut stake in top public sector banks to 51% in 12-18 months: RBI to govt

Proposal to prune stake to 51% in six banks may fetch over Rs 43,000 crore

Up in the air: Emerging-market rebound uncertain as Covid-19 runs riot

Economies are shrinking and central banks are getting low on firepower

Statsguru: Inflation to bond yields, key data ahead of MPC meeting

While the economy battling with the pandemic shock needs support, inflation continues to remain above the central bank's target band

Centre looking to offload its stake in IDBI Bank in FY21: Govt official

The government, a promoter, holds around 46.5 per cent stake in IDBI Bank, while LIC owns 51 per cent

Steel firms hike prices by Rs 2,000 a tonne in 10 days on demand spike

Key players say market has bottomed out, hike also driven by higher iron ore, scrap costs

COAI expects supportive policy framework to bring in new technologies

The Cellular Operators Association of India (COAI) has requested for several policy interventions to address financial distress faced by the telecom sector.

India needs to grow faster in next decade to become key player: N K Singh

Singh said technology, coupled with significant reforms in areas like health, education and maintenance of infrastructure, can make a decisive difference.

Rothschild bullish on India, expects to close more deals in H22020

Domestic deal activity managed to remain in the green during the first half, thanks to the unprecedented stake sale by Reliance Industries in Jio Platforms, between April and June, worth nearly $15 bn

Bengal's unemployment rate spikes in July despite easing curbs: CMIE

Despite relaxations in lockdown curbs, the West Bengal's unemployment rate in July has increased marginally to 6.8 per cent

US hikes fees for non-immigrant visas; move to impact Indian IT firms

The filing fees for H-1B high-skill visas has been hiked by 21 per cent to $555, while that for L (intra-company transfer) visas has been increased by 75 per cent to $850

Liquor sales fall 60% in states with high Corona cess in May-June: Report

While pan India, there was a decline of 25 per cent and 15 per cent respectively in May and June this year, totalling to 4.37 crore cases. It was 5.87 crore cases in 2019 in the same month

Shift to market economy from nationalised causing RBI-govt rift: Acharya

Acharya, who resigned after run-ins with the government last year, said the dip in financial savings is also another reason which can explain the disagreements between Mint Road and North Block

RBI's MPC to meet next week to decide on policies for reviving growth

The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4 and announce its decision on August 6

Bengal takes Rs 1,022-cr transition loan from Centre to help power discoms

The loan is part of the central government's Rs 90,000-crore 'Atmanirbhar Bharat Abhiyan' package to assist stressed distribution companies

India's June crude oil imports lowest in over 5 yrs; exports fall

Fuel demand in India, the world's third-biggest oil importer and consumer, fell 7.8% in June

FPIs net buyers for second consecutive month in Jul; invest Rs 3,301 cr

According to the depositories data, a net sum of Rs 7,563 crore was invested in equities while Rs 4,262 crore were withdrawn by FPIs between July 1-31

Odisha registers over 13% growth in SGST collection in July to Rs 794 crore

The negative growth rates of the SGST collection were recorded in April, May and June this year

Barren land along UP expressways to be developed as industrial plots

Chief Minister Adityanath has called for setting up townships within a radius of two km on either side of three key expressways