Page 1796 - Economy & Policy News

Thermal plants to operate below 53% capacity in FY21 as power demand dips

The Covid-19 induced lockdown, which came into effect from March 25, brought many business activities across the country to a near standstill

PSBs disburse Rs 16,031 cr loan to MSMEs under emergency credit scheme

On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME sector

UP cabinet clears proposal on Workers' Employment Commission for migrants

Nearly 3.5 million migrant workers have returned to UP post-lockdown

Bridge To India cuts solar, wind power capacity addition outlook to 35 Gw

The consultancy further noted that the sector was already grappling with a series of vexatious issues over the last few years

Advance tax collection falls 31% in Q1, corporation tax mop-up down 79%

Gross direct tax collection fell a full 31% to Rs 1,37,825 crore in the first quarter of FY21

India ninth-largest recipient of FDI in 2019 with $51 billion: UN

The World Investment Report 2020 by the UNCTAD said that India was the 9th largest recipient of FDI in 2019, with $51 billion dollars of inflows during the year

Scientists in India working to develop vaccine to combat Covid-19: Gadkari

The minister was addressing MSME and Infrastructure-Paving the growth path in Post-COVID World event

SC notice to govt, IRDA over plea on insurance cover for mental illness

A bench comprising Justices Rohinton Fali Nariman, Navin Sinha and B.R. Gavai issued the notice and sought replies from the Centre and IRDA

40% workforce anticipates fewer jobs, major cut down in spending: LinkedIn

The fortnightly index pointed that while India's overall confidence remains steady, the country's confidence in jobs is beginning to trend downward

J&K to suspend recruitments under rule allowing only basic pay for 5 years

Principal Secretary Rohit Kansal tweeted on Monday to state that the decision was taken in a meeting of the Administrative Council, chaired by Lt Governor G C Murmu

155 Indian companies create nearly 125,000 jobs in US: CII report

Texas, California, New Jersey, New York and Florida are home to the greatest number of workers in the US directly employed by the reporting Indian companies, the report said

Covid-19 impact: After 60% fall in April, exports shrink another 36% in May

Trade deficit at only $3.15 Billion as crude, gold imports continue to drop

Farmers expand area under cotton by 24% on price increase, MSP hike

Demand to pick up now as textile mills resume operations after lockdown

Maharashtra govt signs Rs 16,000-crore investment pacts with 12 firms

UPL, Great Wall Motors, ExxonMobil among companies planning to invest in state

Banking system is in a Catch-22 situation: Indian Bank's Padmaja Chunduru

Indian Bank has 450,000 MSME customers who are eligible for loans guaranteed by the government.

Covid-19 impact: It is WPI deflation for the first time in 4.5 years

Development raises hope of another 25 bps cut in repo by MPC

Widening gap between wholesale and retail food inflation? Blame lockdown

Since March 2020, WPI food inflation rate continued to fall but the CPI-food inflation rose, signaling a breakdown in supply chain from the mandis to the final household

Adjudication must be completed in prescribed time limit, says expert

If adjudication is not completed within the prescribed time limits, it will be deemed that no SCN was issued, say expert

Solar to eclipse thermal power by 2030 in India's overall energy mix

Calculations by CEA show that by FY30, non-fossil fuel (solar, wind, biomass, hydro and nuclear)-based installed capacity will be about 64 per cent of the total installed capacity

Covid-hit states urge quick release Rs 20,000 cr IGST dues from Centre

They argue that while Centre recently released Rs 36,400 crore in pending IGST dues in lieu of compensation for December, Jan and Feb, more remained to be given to them