Page 1785 - Economy & Policy News

Economic cost of misadventure in Ladakh will be massive for China: Experts

The experts have also referred to China's tariff war with the US, growing bickering with Australia on trade-related issues and the fast deteriorating situation in Hong Kong

Good news: Monsoon showers happiness, kharif sowing increases by 104%

Area under oilseeds increased 525% over last year and the sowing of pulses rose by about 222%. The planting and sowing of paddy, the main crop of the kharif season, has been 35% higher than last year

Diesel most expensive auto fuel in Delhi, but petrol may catch up soon

Petrol and diesel prices continued their cat-and-mouse chase in the capital. Petrol is now just a whisker away to returning to its numero uno spot

Sale of Chinese products down in Chandigarh markets after Galwan clash

Customers ask us about Chinese products and they do not buy them, says a shopkeeper

Continued decline in all-India power demand affecting thermal PLFs: Ind-Ra

Electricity generation (excluding renewables) also decreased 17.7 per cent to 96.3 billion units in May

Blanket exemption from fees for late GST payments unfair, says CBIC

The CBIC said a blanket exemption of late fee would be unfair towards taxpayers who filed their February, March and April GST sales returns within the extended due date

Fuel prices today: Petrol now costs Rs 80.38 per litre, diesel Rs 80.40

After 21st straight daily hike, the price of petrol in Mumbai hit Rs 87.14 a litre, and diesel went up to Rs 78.71 a litre. In Kolkata, the prices were at Rs 82.05 and Rs 75.52 a litre, respectively

Another hike in fuel prices, petrol and diesel cross Rs 80-mark in Delhi

Diesel was more expensive than petrol in the city for the third consecutive day on Friday

32 firms show interest in redevelopment of four railway stations

Nagpur, Gwalior, Amritsar, Sabarmati may see Rs 1,300-crore investment

Gross NPAs of HFCs are estimated to increase to 2.5-3% in FY21: Icra

The situation in the non-housing segment is expected to be worse

Are cloud kitchens and delivery the future of India's food industry?

Cloud kitchens are essentially low-cost models where kitchens in places with cheap real estate are rented out, and from which deliveries are fulfilled mostly through an aggregator.

Domestic airlines allowed to operate at up to 45% of total capacity

Airline executives said that demand was primarily unidirectional meaning the aircraft are flying on one route with little passengers

Govt savings bonds to offer higher rate of interest than small savings

The bond will be available at State Bank of India and other nationalised banks, as well as four private sector banks, the RBI said in a statement

Discussing alternatives to base year, says 15th FC chairman N K Singh

Singh said that while the current year and part of next year would see a continued slowdown, things could get better from the latter half of 2021-22, and economy may grow at a rapid pace from thereon

REC kicks off discom package with Rs 2,500 crore to Maharashtra

REC has sanctioned another Rs 3,300 crore for Andhra Pradesh, Rs 2,000 crore for Punjab and Rs 2,032 crore for Rajasthan.

RBI board meets digitally to take stock of Covid-19 impact on economy

While there was an expectation that the board would also discuss one-time restructuring scheme for stressed assets of banks, it was not there in the agenda for the board meet

US firms look for stable policy to make India hub: USISPF's Mukesh Aghi

While the forum is advocating India not just as a preferred market but also as an export hub, many member firms have raised concerns about sudden policy changes impacting inbound global investments.

Is Urjit Patel's return to policy space a sign of reconciliation with govt?

In many ways, this is Patel's home ground. Two of his papers, co-authored with Willem H Buiter, on fiscal policies and deficits were acclaimed by economists

After initial row, govt may expand list of districts under rural job scheme

Officials try to put to rest controversy over exclusion of West Bengal, other states from the list

PM unveils job scheme to promote entrepreneurship, provide employment in UP

At the virtual launch, Modi interacted with villagers from six districts of Uttar Pradesh