Page 1764 - Economy & Policy News

India to resume limited overseas flights to US today, other nations soon

Indian private carriers will also be given an opportunity to fly on such long-haul routes, provided they operate wide-body aircraft for such flights

India's Covid test eats into a fourth of an average person's monthly income

India's coronavirus test is costlier than in developed countries in terms of purchasing power as well, while private insurance coverage is shallower here

Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules

It emphasised that the levy was applicable prospectively, and could not be said to have 'extra-territorial' application

Metal producers look to repair dents after taking Covid-19 pandemic hit

The third of the five-part series looks at pick-up in metal sector demand & prices

India bats for inking limited trade deal with US during trade meet

Goyal raises totalisation issue during talks with Ross, also expresses concern over Indian exports being barred due to child labour issues

Google tax row: US technology companies want action against India

IBM, US Chamber of Commerce oppose retaliatory tariffs

India, US discuss the possibility of a free trade pact: Piyush Goyal

Piyush Goyal and US Commerce Secretary Wilbur Ross also appreciated the substantial progress made by both sides on most of the outstanding issues

NITI Aayog pushes mandatory use of 25% recycled material in infra projects

Says this will reduce cost without compromising on project quality. It will also establish the tenable use of these materials, in line with global move to promote use of secondary products

Why economists aren't buying PM Modi's high-decibel spiel on green shoots

Some, in fact, see downside risks even to their own assessment of economic contraction in FY21

Nabard sanctions Rs 795 cr for infra damaged by cyclone Amphan in Bengal

The amount of Rs 795 crore was sanctioned following the appeal of the government, the official said

Centre targets China with curbs on import of power tiller and components

Importers would now need licence from DGFT as the product has been moved from 'free' to 'restricted' category; China controls more than 30% of Indian market in this equipment

India to resume flights to US tomorrow, other countries soon: Hardeep Puri

Air France will be operating 28 flights between Delhi, Mumbai, Bengaluru and Paris from July 18 to August 1, the minister said

Electricity output recovers in first half of July as economy opens up

Power generation fell 3.1 per cent in the first 15 days of July compared with the same period last year

Gadkari asks industry to join hands with govt to rescue Covid-hit economy

He suggested all stakeholders, including banks, financial institutions, infrastructure, MSMEs, agriculture and industries, to jointly create demand to address the need of liquidity in the economy

Railways to become 100% electrified in next 3.5 years: Piyush Goyal

The Railways Minister further said, in renewable energy, we have been able to bring in scale, increase demand and reduce prices. We are seeing people wanting to go in for renewable energy

Capital infusion in 3 state-owned insurers 'credit positive': Moody's

It further added that, the government's goal of listing the companies on the stock market will become feasible only after this

With inflation in India ticking higher it may be time for RBI to pause

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month

IMF chief warns global economy 'not out of the woods,' dangers lurk

In a report to the G20, the IMF warned that rising protectionism and renewed trade tensions endangered the recovery

Why remittance-dependent states must help recruiting agencies survive

India tops the list of nations that remit earnings - nearly $83 billion remitted in 2019 - according to the World Bank

Sugar prices command 3-6% premium over MSP on hopes of hike in floor price

GoM recommends hiking MSP to Rs 33 a kg to clear farmers' dues