Page 1786 - Economy & Policy News

EPFO may slash interest rate over falling returns, slow cash flow: Reports

The 8.5 per cent interest rate, which was declared in March this year is yet to be approved by the Finance Ministry

States tighten locust control measures as pest gives Delhi a miss for now

Govt asserts desert locusts have not impacted rabi crops and efforts are on to eliminate the insects before monsoon in order to save kharif

RBI's moratorium helps public sector banks post lower NPAs in Q4

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

IndiGo starts flexible payment scheme: Pay 10% fare now and get ticket

Passengers can defer the 90 per cent remaining payment "for a period of up to 15 days either from the date of bookings or before the date of departure" under this scheme, IndiGo said.

India's coronavirus drug market set for price war as firms ready launches

Sources say Cipla-BDR's favipiravir will be at least 30 per cent cheaper than Glenmark's price of Rs 103 per tablet. Cipla did not confirm.

No reason for a country to include coal in Covid-19 recovery plan: UN Chief

A week after India launched the auction process for coal blocks for commercial mining, UN Secretary General Antonio Guterres said investments should instead be made in non-polluting energy sources

PM Modi to launch 'Atma Nirbhar Uttar Pradesh Rojgar Abhiyan' today

Prime Minister Narendra Modi is set to launch the Atma Nirbhar Uttar Pradesh Rojgar Abhiyan at 11 am through video conferencing in the presence of Chief Minister Yogi Adityanath

Chinese import containers have started moving from June 23: Chennai port

According to industry estimates, more than 200 containers were held back for a day

Sugar output in 2020-21 estimated to rise 12% to 30.5 mn tonnes

This would be 12 per cent higher than estimated production of 27.2 MT in the current 2019-20 cycle

Indian exporters raise concerns of tit-for-tat measures by Chinese side

FIEO: Some Indian consignments detained in Hong Kong, China

One-time loan recast for India Inc may come up at Friday's RBI board meet

The virtual meeting of the central board will be its first since the outbreak of Covid-19

Govt, RBI measures have slowed down contraction in economy: NCAER

NCAER expects the economy to grow by 1.3 per cent in FY21 in case there are no supply side disruptions.

Indian banks' overseas business grows 7.5-43.1% in FY20, shows data

In FY19, lenders had seen a contraction in global loan book after letters of comfort were discontinued

Electronics firms fear blocking of China goods will hit festive plans

With consignments stuck at ports in the two countries, manufacturers now fear a severe impact on their festive season plans if the issue is not resolved by mid-July.

Construction firms turn to apps in search of labour amid Covid-19 crisis

Many firms are now hiring local labour.

New duty structure for equipment import, 40% BCD on solar gear: R K Singh

Discoms loan scheme oversubscribed, power rates to fall after new Electricity Act

Punjab, Rajasthan, Andhra Pradesh seek Rs 14,664 crore to revive discoms

States request Rs 14,000 crore, PFC-REC to lend at above 9%

Jan Dhan transactions spur 4-fold surge in demand for banking correspondent

However, despite the surge, the average income of banking correspondents has taken a beating due to the low value of transactions

Lines between online, offline blur as brands redraw engagement map

Brands need new customer touch points, efficient channels of communication and delivery and new ways to stay relevant

HP Cabinet approves interest subvention scheme to revive tourism industry

The Himachal Pradesh government has approved interest subvention scheme on loan to revive the tourism industry, an official spokesperson said.