Page 1771 - Economy & Policy News
Govt to announce measures to boost demand; RBI rate cut likely: PEA Sanyal
There is lots of monetary space as interest rates here are still significantly positive unlike western Europe, where there is zero to negative rates, he said at the India Global Week 2020
 "Govt to announce measures to boost demand; RBI rate cut likely: PEA Sanyal")
Delhi traders try to woo back customers with heavy rebates, free masks
The traders' bodies are also in touch with the Centre and Delhi government to run special trains to bring back migrant workers from their home states to solve the labour crisis
 "Delhi traders try to woo back customers with heavy rebates, free masks")
Automotive aftermarket spending to fall 11% in FY21: Crisil report
According to the report, aftermarket automotive spends are typically driven by annual running and replacement frequency
 "Automotive aftermarket spending to fall 11% in FY21: Crisil report")
UP cabinet clears Startup Policy 2020, targets 10,000 new ventures
Recently, UP had created a Rs 1,000 crore Startup Fund managed by Sidbi
 "UP cabinet clears Startup Policy 2020, targets 10,000 new ventures")
An optimistic train of thought, but multiple barriers on the tracks
The government plans to allow limited private railway services by 2023, but there are many barriers on the tracks
 "An optimistic train of thought, but multiple barriers on the tracks")
India seeing economic green shoots; has a role in global revival: PM Modi
Modi also said that there are many possibilities and opportunities in various sunrise sectors in India
 "India seeing economic green shoots; has a role in global revival: PM Modi")
Subsidy dues balloon amid record fertiliser sales during Covid lockdown
While total requirement in the current fiscal is pegged at around Rs 128,000 crore, the 2020-21 Budget provided Rs 71,309 crore towards fertiliser subsidy
 "Subsidy dues balloon amid record fertiliser sales during Covid lockdown")
Retail inflation likely slowed in June on pickup in economic activity: Poll
Headline inflation numbers were not released in April and May due to inadequate data collection owing to lockdown restrictions
 "Retail inflation likely slowed in June on pickup in economic activity: Poll")
15th Finance Commission discusses govt's revenue projections in video meet
The meeting was headed by Chairman NK Singh with Finance and Revenue Secretary Ajay Bhushan Pandey, CBDT Chairman Pramod Chandra Mody and CBIC Chairman M Ajit Kumar
 "15th Finance Commission discusses govt's revenue projections in video meet")
Market linkage could boost farmers' turnover by 5-20%: Tata Trusts study
The report was based on a field study concluded over a year ago, covering 49 FPO clusters and 45 agriculture value chains across 52 districts in 18 states
 "Market linkage could boost farmers' turnover by 5-20%: Tata Trusts study")
Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr
The yield declined 30 per cent after the first instalment deadline ended on Tuesday, compared to the same period last year, revealed preliminary collection figures
 "Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr")
Experts bat for central govt buying stake in GIFT City to boost credibility
Suggest more incentives to help attract investments from Hong Kong
 "Experts bat for central govt buying stake in GIFT City to boost credibility")
Maharashtra hotels reopen, but no room for error amid Covid-19 crisis
Staycations, discounts on offer to lure guests back; hotels to follow mandatory norms such as masks for all, social distancing
 "Maharashtra hotels reopen, but no room for error amid Covid-19 crisis")
Govt calls off merger of the three public sector general insurers
Cabinet approves capital infusion of Rs 12,450 crore in these three companies
 "Govt calls off merger of the three public sector general insurers")
To what extent would Covid-19 yield space for urban bodies to run cities?
Cities are setting the rules that now carry life and death implications for their residents, and most of these rules are sought to be set by the municipal authorities, who have never wielded such powe
 "To what extent would Covid-19 yield space for urban bodies to run cities?")
Covid-19 crisis: Budget blowout may see RBI resort to direct financing
The government is facing a Budget deficit of as high as 7 per cent of gross domestic product, the widest in more than two decades, according to some estimates.
 "Covid-19 crisis: Budget blowout may see RBI resort to direct financing")
Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1
Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak
 "Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1")
IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn
Firm started completion of as many as 336 projects since easing of curbs on April 20, and 50 more since July first week
 "IOC beats lockdown blues, resumes works on projects worth Rs 1.04 trn")
Centre may disburse Rs 10,000 cr worth of loans in FY21 under agri fund
Loans up to Rs 2 crore will be provided to entrepreneurs at 3 per cent interest subvention for a period of seven years
 "Centre may disburse Rs 10,000 cr worth of loans in FY21 under agri fund")
Govt clears affordable housing scheme, extends LPG, free grain benefits
Free gas refill through direct benefit transfer for beneficiaries of the Ujjwala scheme was also extended till September
 "Govt clears affordable housing scheme, extends LPG, free grain benefits")