Page 1741 - Economy & Policy News

Time to make 2G telecom services part of history, says Mukesh Ambani

Reliance Jio shares platform with Bharti Airtel to ring in 25 years of mobile telephony

Two-pronged strategy: Mukesh Ambani is coming for India's phones & wallets

At this month's AGM, Ambani promised to induct 'global partners and investors' in retail over the next few quarters

June retail credit grows Rs 11,518 crore after shrinking for 2 months

Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May

Birla Tyres to RCom, low-denomination stocks hit top gear on Dalal Street

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

Govt notifies e-invoicing for companies with Rs 500-crore turnover

The move comes as the government is looking at ways to plug evasion amid dismal GST collections with the pandemic driving economy towards recession

Dedicated Freight Corridor braves Covid, completes 17% planned expenditure

DFC employed over 22,000 people during lockdown. For 2020-21, total capex lined up for project is Rs 11,344 cr, up 13% from Rs 10,034 cr during 2019-20

Finance Commission group suggests to set up state-led plan for agri exports

The high-level group is of the view that India's agricultural export has the potential to grow from $40 billion to $70 billion in a few years

Fiscal deficit at 83.2% of budget estimates in Q1 on poor tax collection

Fiscal deficit during the corresponding period of last year was 61.4 per cent of the budget estimates

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

Core sector output shrinks for fourth straight month in June, down 15%

Infra segment, refinery product impacted the most, even as contraction narrows in latest month

PM Modi asks telecom sector to focus on self-reliance and security

He also said digital connectivity is a resourceful ally in transforming people's lives

In talks with RBI to extend moratorium, restructure loans: FM Sitharaman

Says work on development institution on, will go for reciprocity in trading arrangements

Housing minister unveils digital platforms to market residential properties

Hardeep Singh Puri on Friday launched digital platforms of real estate bodies CREDAI and NAREDCO to market residential properties

Borrowing by states for GST compensation to be cost inefficient: Punjab FM

Attorney General K K Venugopal has suggested that the Council can recommend to the Centre to allow states to borrow on the strength of future receipts from the compensation fund

Premium smartphone sales in India drop 32% in June quarter: Report

India's smartphone shipments in the premium segment declined 32 per cent year-on-year to over 1 million in June 2020 quarter on account of disruption related to the Covid-19

Non-food credit growth slows to 6.7% in June from 11% in previous month

Non-food credit growth of banks slowed to 6.7 per cent in June, as against a growth of 11.1 per cent in the same month previous year, according to the Reserve Bank of India.

Need to divest stakes in PSBs in graceful manner, says Viral Acharya

Acharya said that because the RBI does not distinguish in its rules between public and private sector banks it is forced to adopt weaker standards for the system as a whole

India's kharif rice sowing up 19% so far on account of good rains

Among cash crops, cotton planting has risen by 11.29 per cent to 121.25 lakh hectares so far in the current kharif season

Parliamentary panel submits final report on Social Security Code

The Parliamentary Standing Committee on Labour on Friday submitted to the Lok Sabha speaker its final report on the Code on Social Security

Sebi extends deadline for new margin collection norms by a month

Penalty provision for short-collection, non-collection of upfront margins in cash segment will be implemented effective Sept 1, says regulator