Page 1803 - Economy & Policy News

Forex reserves soar to lifetime high of $490 billion, shows RBI data

In the previous week, the reserves had increased by $1.726 billion to $487.04 billion.

Lockdown effect: Core sector output crashes record 38.1% in April

Infra segment hurt the most as cement and steel output tank by more than 80 per cent

Farm sector grows by 5.9% in Q4 of 2019-20; future uncertain due to Covid

As the data relates to pre-Covid lockdown period it does not reflect the real picture of distress which unfolded from April onwards in the sector

Low demand, high inventory; housing sector facing its worst: CREDAI head

Shah said that interest subvention is the "need of the hour"

GDP numbers reinforce belief that economy is headed for recession: Analysts

While estimates varied across brokerages and economists, the common thread that ran through the estimates was the fact that the economy is headed towards a recessionary phase

CIL's coal quota under e-auction for non-power sector up 3-folds in Apr

The scheme was launched in 2015-16 to make coal available to non-power consumers, including captive power plants

Fiscal deficit widens to 4.6% of GDP in FY20 on poor revenue realisation

The deficit, which signifies the gap between government revenue and expenditure, is higher than the revised estimate of 3.8 per cent for the fiscal

India GDP growth slows to 3.1% in Q4, stands at 11-year low of 4.2% in FY20

The second Advance Estimates, released on February 28, had projected the FY20 growth rate at 5 per cent

UP CM Adityanath asks officials get ready to deal with locust attacks

The local residents and farmers have been enlightened on the subject, while the village level committees and bodies have been mobilised to make a coordinated effort against the threat

KCR launches last phase of Rs 1 trn Kaleshwaram Lift Irrigation project

The project is designed to lift as much as 180 thousand million cubic feet of water from the River Godavari

Singapore top FDI source for India in FY20 with $14.67 bn in investments

In the past two financial years, FDI from Singapore has surpassed that from Mauritius

UP signs MoUs with industry bodies to create 1.1 million jobs for migrants

The migrant workers will lay the foundation of New UP, says CM Adityanath

India, US could strike a 'smaller' trade deal in coming weeks: Indian envoy

The two countries have been negotiating a trade package to iron out certain issues and further boost two-way commerce

Amit Shah speaks to CMs before meeting Modi on next phase of lockdown

The central government is expected to announce its decision on the lockdown within the next two days

Lockdown in India: Seriously ill, pregnant women must avoid train travel

Piyush Goyal tweeted, "I appeal to people suffering from serious ailments, pregnant women & those above 65 years & below 10 years of age to travel only when necessary

Bharat Bond ETF second tranche worth Rs 14,000 cr to hit market in mid-July

In December, 2019, Bharat Bond ETF mobilised Rs 12,400 crore

Reservation period for special trains increased to 120 days: Indian Railway

The changes will be implemented from May 31 onward, according to Indian Railways

China to ban pork imports from India to 'prevent swine fever': Report

According to the daily, India reported its first case of ASF in both domestic pigs and wild boars in Assam earlier this month

Govt lifts curbs on exports of paracetamol APIs with immediate effect

"The notification is further amended to remove the restriction on the export of paracetamol APIs, making it export 'free' with immediate effect," the statement read

India's economy may have grown at slowest in 2 years during March quarter

The full impact of the lockdown on manufacturing and services will become more apparent in the June quarter, with Goldman Sachs predicting a 45% contraction from a year ago