Page 1738 - Economy & Policy News

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

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