Page 1770 - Economy & Policy News

Economy may take 2-3 years to recover; more fiscal support needed: Munjal

Munjal said the road to recovery is going to be "rocky" and uneven because there will be sectors that will not recover.

Kharif sowing 44% more than last year, southwest monsoon to boost further

In June, the first month of the season, rainfall over north India was 4 per cent above normal, which was the lowest among the four major subdivisions.

Industrial output continues decline in May; govt withholds headline number

All the components of the IIP - mining, manufacturing and electricity - saw contraction on a smaller magnitude as compared to the previous month

From textiles to furniture, 350 items may face non-tariff barriers

Move is in line with govt's 'Atmanirbhar Bharat' objective

Panel proposes new regulator for citizens' non-personal data: Report

Such a regulator would be armed with legal powers to request data, supervise data sharing requests and settle disputes, report said.

India's sex ratio at birth improves; Delhi the worst-performing state

Latest data shows improvement after four consecutive years of decline

China's CRRC becomes only foreign player in race for India's Train 18

CRRC Corporation is a Chinese state-owned rolling stock manufacturer

India is now seen as most attractive market for clean energy: PM Modi

The Prime Minister inaugurated Asia'a largest solar power park in Rewa, MP

Govt has $76-million outstanding loans from Reserve Bank of India

The central government had no outstanding loans in the prior week.

Palm oil has a severe image problem in India, and it is ruining sales

India, home to more than $5 billion in palm sales a year and the top export market, is no longer enthralled with the oil.

Area under pulses coverage up over two-fold to 6.42 mn ha in kharif season

"About 6.42 million hectares area coverage under pulses as compared to 2.44 million hectares during the corresponding period of last year," the statement said

Govt's stimulus package has preserved macro stability: KKR India head

Speaking at the India Global Week 2020, Nayar expressed hope that large private sector players would contribute to economic recovery along with the government

Covid-19 impact: Housing sales down 67% in April-June, says PropEquity

The supply of new units also dropped by 81% during the period to 11,967.

TRAI notifies changes to interconnection rules for fixed-line networks

The term 'interconnection' refers to commercial and technical arrangements under which telecom service providers connect their equipment, networks, and services to enable access to other networks

Govt on track to doubling farmers' income by 2024: Agri Min official

Recent reforms, including three ordinances to provide barrier-free trading platforms to farmers, are aimed at addressing the post-production challenges and ensuring better returns to farmers, he said

India moves up a rank, becomes second-largest foreign investor in UK

The US remains the number one source of FDI for the UK, delivering 462 projects and 20,131 jobs, followed by India, Germany, France and China and Hong Kong

India's recovery started from June, need to wait for the trend: SBI chief

He also said the banks had been able to absorb the shock due to the moratorium offered to the borrowers in the wake of the Covid-19 outbreak

CBDT extends the deadline for claiming past tax refunds to October

This means refunds pertaining to returns filed till assessment year 2017-18 can now be claimed. Earlier, the board had extended the validity till December 2019.

No IIP numbers for May as govt suspends release of industrial output data

The government said "it may not be appropriate to compare the IIP for May 2020 with those of months preceding the Covid-19 pandemic

Govt's wheat procurement touches record high of 38.98 MT so far in 2020-21

Wheat marketing year runs from April-March, but bulk of procurement is normally done in the first three months