Page 1763 - Economy & Policy News

Substantial decline in health expenditure in May surprises experts

Even if one compares the expenditure month-on-month, the decline has been substantial at nearly 70 per cent

Puri seeks higher devolution to urban bodies from 15th Finance Commission

Along with Puri and Mishra, the videoconference meeting was attended by 15th FC Chairman NK Singh and members of the Commission

ITAT ruling to help tax department recover black money stashed abroad

Swiss account holder to cough up tax on Rs 200 cr, rules ITAT

Covid-19 impact: In June, airlines could only fill two-thirds of seats

The passenger load factor of major scheduled commercial airlines stood between 54 per cent and 68 per cent, which means carriers were able to fill up to two thirds of the total seats in June.

India's smartphone shipments fell 48% in Q1 due to lockdown: Report

In a report, Canalys said smartphone vendors faced a 'diabolical situation', dealing with both low supply due to a complete halt in production

Former DEA Secy Garg proposes allowing cryptos as commodity with rules

Reiterates the view that they should not be regarded as currency

Railways ends Chinese firm's contract for telecommunication work: Official

The work was to be executed on a 417-km section of the corridor between Kanpur and Mughalsarai

Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US

India said the ongoing multilateral consultations under the aegis of the G-20-OECD due in this regard have not arrived at any consensus even after many years of discussions

Clean energy can shore up Indian economy from current downturn: Niti Aayog

Niti Aayog CEO Amitabh Kant said India offers an exciting long-term market for both domestic and international investors in clean energy space

Fiscal deficit to shoot up to 7.6% in FY21; twice budget estimate: Ind-Ra

Ind-Ra said India's gross domestic product (GDP) will contract by 5.3 per cent, while states like Assam, Goa, Gujarat and Sikkim are expected to witness a double-digit contraction

India's petrol, diesel demand falls again due to high prices, lockdown

India on Friday became the third country in the world to record more than one million cases of the new coronavirus, behind only the United States and Brazil

PSBs lend Rs 19,668 cr to 71 MSME hubs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month

I-T dept issues refunds worth Rs 71,229 cr to 2.1 million taxpayers

The Central Board of Direct Taxes (CBDT) further asked taxpayers to provide immediate response to emails of the department for quick processing of their refunds

June FMCG sales back to pre-Covid-19 levels, thanks to rural India: Nielsen

According to Nielsen, both urban and rural sales are growing but the recovery/sales from the undeveloped semi-urban/rural quarters are much faster

Supplementary budget to be tabled in UP Assembly session starting Aug 20

The supplementary budget, which would be the first in the current fiscal, will have provisions for various welfare schemes started during the pandemic

'Air Bubble' and international flights from today: All you need to know

After nearly 4-months, India-US international flights to resume today via 'air bubbles'

Icra sharply revises forecast, expects economy to shrink by 9.5% in FY21

It has earlier estimated a 5% contraction; Q1 may have seen 25% fall

Tamil Nadu tops table for fresh investments in Q1, beats Maharashtra

State capture 18.63 % of the all fresh investments; getting deals worth Rs 15,000 crore in May

India, US likely to partner on 5G network: US-India Business Council head

Nisha Biswal said that US and India economic partnership has been one that has been growing in importance for both countries

Is the worst over for IT? Q1 earnings of firms send out growth feelers

Pandemic impact bottomed out in Q1, second half likely to see better growth