Page 1728 - Economy & Policy News
Modi govt committed to holistic development of weavers: Amit Shah
In a series of tweets, Shah said Prime Minister Narendra Modi's mantra of 'vocal for local' will surely boost the morale of the handloom sector
 "Modi govt committed to holistic development of weavers: Amit Shah")
Planning to create micro lending body for women, small businesses: Gadkari
Gadkari said the government is mulling over the idea where the finance of up to Rs 10 lakh can be availed by women entrepreneurs within three days
 "Planning to create micro lending body for women, small businesses: Gadkari")
India's first 'Kisan Rail' flagged off from Maharashtra's Deolali
Union minister Narendra Singh Tomar flagged off the country's first 'Kisan Rail' train from Deolali in Nashik to Danapur in Bihar, through video-conferencing
 "India's first 'Kisan Rail' flagged off from Maharashtra's Deolali")
BSES discoms launch replacement scheme for air conditioners, fans in Delhi
The BSES discoms have launched a replacement scheme for its consumers in Delhi to have energy-saving air conditioners and fans for substantial discount, a company spokesperson said
 "BSES discoms launch replacement scheme for air conditioners, fans in Delhi")
Railways to end colonial-era khalasi system, says no to fresh appointments
In an order issued on August 6, the Railway Board has said the issue regarding telephone attendant-cum-dak khalasis (TADKs) is under review
 "Railways to end colonial-era khalasi system, says no to fresh appointments")
Tamil Nadu to set up exclusive park for EVs, targets Rs 50k-cr investment
The state plans to create 150,000 jobs with a comprehensive EV ecosystem in the state
 "Tamil Nadu to set up exclusive park for EVs, targets Rs 50k-cr investment")
Maggi noodles to chyawanprash: What India has been spending on in pandemic
Consumers around the world are showing an increased interest in safeguarding their health and boosting their immunity
 "Maggi noodles to chyawanprash: What India has been spending on in pandemic")
Monetary policy: RBI lends helping hand to distressed retail borrowers
Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter
 "Monetary policy: RBI lends helping hand to distressed retail borrowers")
Govt to look into concerns of Japanese investors, says Piyush Goyal
Inter-minister group will hear out challenges to investments, and hand hold 50 Japanese companies
 "Govt to look into concerns of Japanese investors, says Piyush Goyal")
FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget
FY20 is being considered for a 'more realistic comparison'
 "FinMin unlikely to take Covid-hit FY21 as a base for FY22 Budget")
RBI gives Covid-hit MSMEs one more window for restructuring loans
Businesses that didn't slip into NPA till March 1, and were treated as 'standard' accounts will benefit from the scheme which will have to be implemented by March 1, 2021
 "RBI gives Covid-hit MSMEs one more window for restructuring loans")
Q1 results: 40% of corporate loans may require restructuring by banks
Firms that either reported operating losses or poor interest coverage ratio account for Rs 10.7 trn of debt
 "Q1 results: 40% of corporate loans may require restructuring by banks")
Monetary policy: RBI measures preserved financial stability, says Das
The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook
 "Monetary policy: RBI measures preserved financial stability, says Das")
Covid-19 pandemic expands the appetite for India's basmati exports
Exporters saw an unexpected demand surge as countries in West Asia rushed to build buffer stocks. But procedural problems could make it difficult to sustain the momentum
 "Covid-19 pandemic expands the appetite for India's basmati exports")
Ups and downs of Indian video business: Covid-19 to hit revenue growth
The pandemic has accelerated the redrawing of the global media map
 "Ups and downs of Indian video business: Covid-19 to hit revenue growth")
Merger of 8 Railways cadres into IRMS likely to be completed by November
In December 2019, the Union Cabinet approved the restructuring of the national carrier by trimming the Railway Board's strength to - half - from eight to four - and unifying its eight railway service
 "Merger of 8 Railways cadres into IRMS likely to be completed by November")
Monetary policy: Taming Covid-19 key to soften GDP fall, says RBI
High consumer inflation likely till September
 "Monetary policy: Taming Covid-19 key to soften GDP fall, says RBI")
India will play big role in post-Covid global economic recovery: Minister
Addressing an event, he said that India has set the tone for global collaboration to deal with the pandemic under the leadership of Prime Minister Narendra Modi.
 "India will play big role in post-Covid global economic recovery: Minister")
RBI announces special liquidity facility of Rs 10,000 cr for Nabard, NHB
The liquidity facility to both the Nabard and the NHB will be offered at the policy repo rate, RBI Governor Shaktikanta Das said
CBIC directs Customs to check safety of explosives in warehouses, ports
The Central Board of Indirect Taxes and Customs (CBIC) said this precautionary step has been taken in view of the recent incident of an explosion in a foreign country caused by such material
 "CBIC directs Customs to check safety of explosives in warehouses, ports")