Page 1769 - Economy & Policy News

From most optimistic to pessimistic: Here're FY21 GDP growth projections

The most pessimist one projects it at 25%

US remains India's top trading partner for 2nd consecutive year in 2019-20

The bilateral trade between India and China has dipped to $81.87 billion in 2019-20 from $87.08 billion in 2018-19

Govt explores options to fund Udan scheme as airlines face low demand

Domestic flights, including those under the regional connectivity scheme, resumed on May 25 after a suspension of two months

'Duty-free' hits a fifth of manufacturing imports, says WTO report

This, despite average tariffs being much higher than peers, says WTO report; officials call for need to scrutinise FTAs

Banks, Post Offices can now check TDS rate on high value withdrawals

Explaining the details of this facility, the Central Board of Direct Taxes (CBDT) said that now the bank/post office has to only enter the PAN of the person who is withdrawing cash

Govt extends time for duty-free import of diamonds sent for certification

The extended time period would be available to exporters to bring back cut and polished diamonds after due certification and grading by specified laboratories abroad

Govt invites suggestions on non-personal data framework by July 19

The committee has made a case for regulating non-personal data, defining it under three main categories- public non-personal data, community non-personal data and private non-personal data

Many MSMEs are approaching banks for collateral-free loans: Survey

The rating agency said the survey was conducted over 2 weeks - between June 23 July 7 - and saw the participation of 345 respondents from a cross-section of sectors

Covid-19 impact: Govt writes to states on additional 2% borrowing of GSDP

Further, public and private sector banks have together sanctioned loans worth over Rs 1.20 trillion, while the disbursal amount stood at Rs 61,987 crore

Making India a hub of global financial services: So close, yet so far

The dynamic nature of business in IFSCs necessitates a high degree of inter-regulatory coordination, say experts

Parliamentary panel favours extending ESI, EPF benefits to migrant workers

Under the insurance scheme, employees earning up to Rs 21,000 a month can contribute 1.75 per cent towards ESI while the employer contributes 4.75 per cent

Stressed NBFCs, HFCs seek Rs 10k-cr support under special liquidity scheme

The scheme was launched on July 1

India's FY21 GDP growth to be in negative territory at -4.5%: Ficci survey

The Covid-19 pandemic outbreak has severely impacted the economic activities

FPIs pull out Rs 2,867 cr from Indian mkts in July so far on profit booking

The latest withdrawal has come after investment of Rs 24,053 crore by FPIs in domestic markets in June

Locusts leave behind trail of destruction in Uttar Pradesh's Sitapur

A swarm of locusts has left behind a trail of destruction in half a dozen blocks of Uttar Pradesh's Sitapur district

Eight shortlisted for post of RBI deputy governor; interview on July 23

The selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval

Thermal coal imports at major ports drop 35% to 17.71 MT in Apr-June: IPA

Impacted by the Covid-19 pandemic, coking coal imports too witnessed a decline of 28.49 per cent to 10.69 MT in the quarter

FDI norms to be eased further, other economic reforms in pipeline: Goyal

The minister said that new industrial policy and forest policy would be brought out soon, along with further forms in the mining sector

Assumption of rate cut delivering growth simply not working: Rathin Roy

Rathin Roy expresses concern on the collateral free lending scheme as not making the cut from a regulations perspective.

Rice output may hit record high as farmers expand area after vigorous rains

India has received 14% higher than average rain since the monsoon season began on June 1