Page 1753 - Economy & Policy News

India hands over 10 broad-gauge diesel locomotives to Bangladesh

External Affairs Minister S Jaishankar flagged off the locomotives online in the presence of Railway Minister Piyush Goyal and several dignitaries from across the border

Govt issues scheme guidelines to boost drug manufacturing, medical devices

The objective is to make India self reliant in production of 53 critical Active Pharmaceutical Ingredients, and in production of medical devices, for which India is crucially dependent on imports

India to post current account surplus this fiscal, first since FY04: Report

After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or $600 million as against a deficit of $4.6 billion or 0.7 per cent of GDP in FY19

Make the most of emerging shifts in economy, RBI's Das to industry captains

RBI governor favours a domestic free trade in agriculture, says policies undertaken by govt should be able to encourage private investment in supply chain infra

Reliance Industries leverages technology to expand farm-to-fork model

The goal is a 12-hour window for vegetables and fruits to move from the fields to the shelves

$6 bn capital raised by PSBS inadequate to safeguard against stress: Fitch

PSB divestment may trigger negative rating action

Economic slump to deepen; India FY21 GDP can contract 6%: BofA Securities

BofA Securities expects the monetary policy committee of the RBI to slash policy rates by 100bp in FY21 as their base case

State-owned banks need more capital from govt to mitigate risks: Fitch

Fitch said state banks already face significant execution risks in raising equity due to depressed stock market valuations and weak investor interest

India's crude steel production at 6.8 MT in June, says Steel Ministry

The steel sector in India has started showing signs of improvement and in the month of June the country's crude steel production stood at 6.8 million tonne (MT), according to the Ministry of Steel

Unlock 3.0: FICCI calls for allowing foreign, Indian carriers to operate

FICCI said clear-cut dates should be announced by the states to open tourism, monuments, tourist attractions, hotels, restaurants and bars

New build-operate-transfer model addresses national highway traffic risk

The traffic projections would be for certain time periods starting from five, 10, 15 years, and onwards

As Covid-19 enters hinterland, FMCG heads divided on rural revival timeline

Some CEOs circumspect, others confident recovery will last

Debt funds turn to safe havens for investors as defaults sting, shows data

Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops

Situation not as bad as it is being made out to be: Economic affairs secy

Bajaj also said the financial services secretary was examining a plan of bank recapitalisation

Gas economy: Centre planning to change LNG pipeline pricing policy

The second of the two-part series talks about why zonal pricing may be on the way out

Statsguru: India gets healthier, but insurance coverage still low

Richer households tend to use hospitalisation services more

Covid-19 crisis: Revival in rural demand overstated, say economists

A recent note brought out by Credit Suisse says that net gain from the government support measures may be just Rs 7,500 crore a month

Fraudulent IGST refunds: Exporters to face stern action, say reports

Exporters are identified as 'risky' on the basis of specific risk indicators based on customs, GST, income tax and data from the Directorate General of Foreign Trade

In a push to logistics sector, Centre working on draft legislation

The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport

CBIC invites suggestions on reviewing customs laws for ease of doing biz

The CBIC has invited comments on the same by August 21. A comprehensive review would be undertaken by September