Page 1767 - Economy & Policy News

WPI inflation falls 1.81% in June over fuel prices, but food prices rise

Manufactured products, however, witnessed inflation of 0.08 per cent in June. In May deflation was 0.42 per cent

FDI reforms needed more than opening up of sectors, say experts

Sources confirm the Centre is actively looking to further relax FDI norms in sectors such as insurance and railway operations.

If govt does not take immediate fiscal steps, MSMEs will die: Pronab Sen

Sen said that while the lockdown had created supply side shocks, these had transformed into demand side issues now when the lockdown was being lifted.

India GDP to fall 7.5% if Covid-19 vaccine delayed, 4% in base case: Report

Many analysts are expecting the Indian economy to contract by 5 per cent in FY21 as a result of the nationwide lockdowns, with some also estimating a contraction of up to 7.2 per cent in the GDP

Big brands tip the scales, grow faster and bigger than regional ones

National consumer brands outpace regional labels three years in a row, reports Kantar. Will the pandemic halt the trend?

Firms may look beyond mobiles to meet ambitious electronics goal

The last of the 2-part series analyses the challenges in ramping up non-mobile device manufacturing

CPI-based inflation rose to 6.1% in June; food inflation eased to 7.9%

The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.

Life insurance industry to recover in next quarter, says CARE Ratings

CARE Ratings, in a note, said growth could potentially return in Q2 or Q3 and distribution channels could see significant realignment, with digital sales rising at the cost of individual agents

I-T dept pares relief to taxpayers as revenue mop-up thins amid lockdown

The directive has come in the wake of a significant drop in the direct tax collection in the first quarter of the FY21

Apparel Export Council wants skewed trade pacts with EU, UK and US reviewed

Says country's apparel exports can double in three years if disadvantages in trade pacts are removed and positive sentiment leveraged

PM takes stock of financial sector, reviews progress of Rs 20 trn package

As part of this exercise, sources said, he had a meeting on the financial sector of the economy which is an important pillar in reviving growth and demand

Identified sectors to cut import, promote domestic manufacturing: Goyal

Goyal said that Covid-19 pandemic has taught a big lesson that over-dependence on certain geographies can cause a lot of difficulties in the time of stress.

Bullet train project acquires 60% land, but may fail to meet 2023 deadline

Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.

Hotel industry presents wish-list of remedies in webinar with Piyush Goyal

Minister says he isn't anti-five-star, insists the state is willing to help, but hotels also need to come together as a sector

Retail inflation rises to 6.09% in June on account of high food prices

The data collected, however, did not meet the adequacy criteria for generating robust estimates of CPIs at the state-level

Fasal Bima Yojana: FM stresses on need to release premium subsidy in time

She suggested that stringent follow-up should be done with states where subsidy is pending

Govt working to select locations for bulk drug, medical device parks

Union Cabinet on March 12 had approved scheme for development of three bulk drug and four medical device parks

Cloud cover on the solar story with signs of a slowdown in the sector

The high-profile dedication of the Rewa solar park eclipses the reality of a slowdown in this sector

Taxpayers asked to verify ITRs for AYs 2015-16 to 2019-20 by September 30

A taxpayer filing Income Tax Returns (ITR) electronically without digital signature has to verify it using either Aadhaar one-time password (OTP)

RBI turns net purchaser of US dollar in May, buys $4.363 billion

The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in the spot market in May 2019