Page 1787 - Economy & Policy News

3.5 mn houses delivered to PMAY-Urban beneficiaries so far: H S Puri

Presently more than 22,000 houses are being dedicatedly used as Covid-19 facility units in various states and Union Territories, Puri said

Boycotting Chinese goods infeasible, local industry depends on inputs: FIEO

India can cut its dependence on Chinese goods only when it becomes self-reliant and start producing same goods in India or source from other markets

Plant load of thermal stations dips to record low of 45% in Apr-May

This is 18 per cent lower than the year ago period, a study by CARE Ratings showed, quoting figures from Central Electricity Authority

India's trade deficit with China doubled to $48.6 bn in FY20: Motilal Oswal

Several sectors have material linkages with China, making it important to understand the sector-wise implications

Why are even Ganesha idols imported from China, asks FM Nirmala Sitharaman

She wondered if importing household products used everyday like a soap-box, plastic items or incense sticks used for pooja purposes would support self-reliance

What pulled down India's GDP growth in Q4? Most indicators contracted

Barring coal production, and to an extent cargo handled at sea ports, most of the main indicators that went into calculation of GDP growth contracted in the fourth quarter

Q4FY20 GDP growth expectation: How bad will Covid-19 impact the economy?

The common thread that runs through these estimates is the fact that the economy is headed towards a recessionary phase

Farm sector the only silver lining in FY21 as economy nears negative zone

Though it may not have a huge impact on overall economic growth given its diminishing share in India's GDP, positive growth in agriculture has the potential to revive the rural economy

ADB sees Indian economy shrinking 4% in FY21 after growth call earlier

IMF remains only major outlier predicting growth for the economy, is likely to be on same page with others next week

India's high debt-to-GDP ratio acceptable in times of Covid, say analysts

However, Centre and states must have a clear road map on what the extra borrowing will be spent on, and on how they plan to return to a path of fiscal consolidation

FY21 exports may fall by 10% if there's no second corona wave: FIEO

Apex exporters body warns blanket ban on Chinese goods will hurt Indian industry, pushes for FTAs blanket bans

New navigation policy on anvil, IN-SPACe to be separate vertical: ISRO head

In an online address from Bengaluru, Sivan said the IN-SPACe as a separate vertical for permitting and regulating the activities of private industry in the space sector

Covid-19 pandemic to delay consumer price index, GDP base year revision

Besides challenges related to carrying out field surveys amid the pandemic, primary concern pertains to the current year not being a normal economic year

Ratio of India's public debt to GDP likely to scale a new high in FY21

According to the Reserve Bank of India (RBI) data, the combined liabilities of the Centre and the state governments were around Rs 147 trillion at the end of March 2020

34 senior bureaucrats to supervise Central scheme for street vendors

Thirty-four senior bureaucrats have been made nodal officers to assist states and supervise the implementation of Prime Minister Street Vendor's Atma Nirbhar Nidhi scheme in the country, officials sai

Delhi transporters say rising fuel prices hurting them after lockdown pain

Meanwhile, diesel prices in the national capital for the first time crossed that of petrol on Wednesday

GDP growth seen at 1.2% for Q4 FY20, pulled down by lockdown: SBI report

According to the SBI's research report Ecowrap - the GDP growth is likely to be 4.2 per cent for FY20 and (-) 6.8 per cent for FY21

BS READS: What Rs 50,000-crore MSME Fund can learn from its start-up sister

The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago

India GDP could contract 5.3% due to coronavirus 'disorder': India Ratings

Pandemic disrupted production, broke supply chains 'washed out of activities' in key sectors: Ratings agency.

At 4.6% of GDP, last year's fiscal deficit breached FRBM Act escape clause

The total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of revised estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year.