Page 1792 - Economy & Policy News

Make in India: Govt invites global vessel owners to register ships in India

Shipping Minister Mansukh Mandaviya has reviewed the readiness of Indian shipping for implementation of the government's Cargo Transportation Policy, the statement said

Three Life Insurance Corp unions urge govt not to divest stake in insurer

According to them, LIC today is managing assets in excess of Rs 32 trillion

Govt may extend airfare caps beyond August 24 if necessary: Aviation secy

The government resumed domestic passenger flights from May 25 after nearly two months of suspension to combat the coronavirus outbreak

Telecom sector seeks more clarity on spectrum road map at COAI webinar

Special panel discussion dwells on need for allocating 5G licences in 2021 target time frame, highlights importance of optimum spectrum use in times of Covid-19

Covid-19: PM Modi launches 'Garib Kalyan Rojgar' scheme for migrant workers

Prime Minister launched the Rs 50,000 crore programme that brings together 25 different govt schemes under one umbrella via video-conferencing

Ladakh standoff: FinMin proposes restrictions on FDI in pension funds

The restriction would be applicable from the date of notification by the Government of India

India's May crude oil imports post biggest decline since at least 2005

Crude oil imports fell to 14.61 million tonnes, it's lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday

PM to launch Garib Kalyan Rojgar Abhiyaan today to boost rural employment

The Prime Minister will flag off the Abhiyan from village Telihar in Bihar's Khagaria district via video-conferencing

Not just tech start-ups, Chinese presence extends across sectors

In 2018, the big area of investment for the Chinese was in energy. Last year, it was infrastructure

Area under kharif crops surpasses last year by 39% as monsoon progresses

In the first 19 days of the four-month monsoon season that started in June, out of 683 districts in the country, rainfall has been normal in almost 74% of them

Jobs for migrants in rural areas might need greater fund allocation

Experts say a large part of the Rs 50,000 cr earmarked spending under various schemes through front-loading of expenditure in the next 125 days would have anyway been incurred under current rules

Galwan stand-off: NITI Aayog recommends indigenous 4G network for BSNL

If executed, the Niti Aayog move could have an adverse impact on global telecom gear manufacturers not just from China such as Huawei and ZTE but also European majors Ericsson and Nokia

FinMin proposes curbs on foreign investment in pension funds from China

Foreign investment in pension funds regulated by the Pension Fund Regulatory and Development Authority (PFRDA) is capped at 49 per cent with automatic route

Govt changes policy to distribute free cooking gas cylinders: Details here

Earlier, beneficiaries under the Pradhan Mantri Ujjwala Yojana (PMUY) were entitled to three free liquefied petroleum gas (LPG) cylinders effective April 1 to June 30 this year.

India, European nations may soon tax digital firms as US upends global plan

United States pulled out of global talks to put in place a multilateral instrument to bring these companies in the tax net.

Galwan clash: Govt looks beyond China to source APIs amid Covid-19 crisis

Price and capacity constraints, however, would be big impediments.

Will ensure banks pass on rate cuts to consumers: Sitharaman to India Inc

Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4%

Krishnamurthy Subramanian asks private firms to stop asking govt for aid

Subramanian said that since India had a public distribution system of food grains, the country didn't need to directly transfer cash to the people to support them in times of the pandemic

Former RBI Governor Urjit Patel to take over as chairman of NIPFP

Patel will replace Vijay Kelkar, who assumed office on November 1, 2014

Galwan stand-off: India takes another shot at free trade deal with US

Officials believe move can lead to an effective trading bloc against China's RCEP; business end of negotiations only by next year