Page 1802 - Economy & Policy News

Centre reshuffles 23 officers in different ministries and offices

1992 batch IAS officer Rajendra Kumar has been appointed as Additional Secretary in Ministry of Electronics and Information Technology

GDP data: Yet another huge knock for Modi govt's economic growth story

India's economic growth falls for a third successive year, fiscal deficit widens to 4.6%; agriculture and govt spending prevent further decline

Maharashtra to announce Covid-19 relief package soon: Deputy CM Ajit Pawar

The Deputy CM said that there is a slight increase in the number of Covid-19 cases in some areas of rural Maharashtra

Odisha ups overtime limit for factory workers to 115 hrs a quarter from 75

Earlier, several state governments have made similar amendments to their labour laws and increased the work hours

India urges BRICS nations to share coronavirus-related tax measures

Finance and Revenue Secretary Ajay Bhushan Pandey highlighted the need for adopting a "whole of government approach" in dealing with cross-border financial crimes

Will set global example for economic revival: PM Modi in letter to nation

Notwithstanding the severe criticism of the package for failing to put money into people's pockets, Modi said the Rs 20-trillion package would usher in a new era of opportunities for every Indian

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

India GDP growth slows to 3.1% in Q4 as Covid-19 lockdown hits economy

In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter

At 6.1%, growth in per capita income slows: Explained in numbers

The growth in per capita income has been coming down for 3 years.

Agriculture, mining saved Indian economy in FY20; manufacturing bites

The farm sector is expected to perform well in FY21 as well.

GDP to contract 10.8% without more fiscal stimulus, says Pronab Sen

In an interview, Pronab Sen tells Business Standard that the resource crunch of the Centre is over-stated and it should now come out with more stimulus to spur the economy

Tamil Nadu CM to invite 13 prominent tech companies to invest in state

The move is aimed at cashing in on the opportunities arising with companies planning to exit from countries like China and looking to relocate their manufacturing activities to countries like India

Sebi seeks time to file counter in High Court on PIL against Franklin MF

The PIL had been filed by an investor protection society in response to the abrupt winding up six debt schemes worth Rs 28,000 crore of assets under management by the fund house

Shramik trains: Rlys appeal to people with comorbidities to avoid travel

At least nine passengers were reported dead on May 27 over a span of 48 hours on board the migrant trains, with the railways stating that all of them had health conditions.

After flak over Shramik, Rlys says only 71 out of 3,840 trains diverted

Over the past few days, at least nine people lost their lives in different Shramik trains, for which the reasons were allegedly lack of supply of food and water

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Govt is looking at starting home delivery of petrol, CNG: Pradhan

Indian Oil Corp (IOC), the nation's largest fuel retailer, started home delivery of diesel through a mobile dispenser in 2018. This service is available only in a handful of cities.

A silent Surat: No orders, dormant looms and no diamond polishing

The final part of the series looks at how industries are waiting for demand to bounce back

Q4 GDP data released today: Key things to note

India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years

Covid-19 lockdown: FY21 GDP growth rate forecasts pose a big worry

However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent