Page 1915 - Economy & Policy News

Feb unemployment rate hits 4-month high of 7.78% as slowdown persists: CMIE

In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month

Govt's FY20 disinvestment target may fall short by Rs 10,000 crore

The only transactions that are expected to go through by March 31 include the acquisition of THDC and NEEPCO by NTPC, the planned IPO of IRFC, and some buybacks by PSUs, it's learnt

Jet fuel prices cut by steep 10% as oil slumps over coronavirus outbreak

The rate of non-subsidised LPG was also reduced to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 previously

NHAI gears up to place first set of road projects with InvIT in May

A date-wise action plan would be put in place in order to make the first such offering operational by May this year, a senior NHAI official told Business Standard

Civil aviation ministry may accept IATA demand for suspension of slot rules

IATA, which represents over 250 airlines, has requested global regulators for suspension of the rules in view of the coronavirus outbreak

OECD slashes India's FY21 growth forecast to 5.1% on coronavirus woes

According to the latest OECD Interim Economic Outlook Forecasts, India's real GDP growth is expected at 5.1 per cent during the fiscal year starting April 1, 2020

63.5 mn ITRs e-filed till Feb 15; number will increase further, says Thakur

The number of ITRs at 63.5 million till February 15 for AY20 has already surpassed that for AY19

Coronavirus outbreak to throw Indian tea exports out of gear this year

Tea Board of India has called an urgent exporters' meet this week to discuss means of staving off expected fall in exports due to coronavirus outbreak

RBI receives Rs 1.71 trn in third LTRO conducted for Rs 25,000 crore

The central bank received 66 bids in the three-year tenor LTRO, which has reversal date on March 1, 2023

63.5 mn ITRs e-filed till mid-Feb in FY20, up from 62.8 crore in FY19

The ITRs of AY 2019-20 can be submitted up to March 31, 2020, and hence this number is expected to go up further

States slashed capital outlay by 14% to plug fiscal deficit: Report

States which ended up spending significantly less than what they budgeted include Jammu & Kashmir (51 per cent), Assam (51 per cent) and Goa (50 per cent)

IATA suggests suspending airport slot rules immediately over Coronavirus

Takeoff and landing slot rules mean airlines must fill at least 80% of their slots in any given season, or risk losing their allocation next time round

GST collections: From Maharashtra to Rajasthan, how top 10 states fare

Karnataka, Uttar Pradesh, and West Bengal witnessed a significant increase in GST collections

Crisil SME Tracker: Profitability of dairy units will rebound in FY21

Retail milk prices rose by 3-4 per cent during April-December 2019

Life insurers to sell health policies? Standalone cos to lose, say experts

Non-life insurance companies will face a stiff competition from life insurers

Power Ministry flags concerns over divesting govt stake in NTPC, PowerGrid

Presently, the govt owns 54.14% in NTPC, 54.96% in PowerGrid and 55.99% in PFC.

Coronavirus impact: Feb manufacturing PMI slips marginally to 54.5

Coronavirus scare keeps companies spooked and business optimism low

Slowdown: Fitch cuts India GDP forecast for FY20 to 4.9% on weak demand

The GDP growth is forecast to recover slightly to 5.4 per cent in 2020-21 (April 2020 to March 2021)

Govt allows onion exports from March 15, removes MEP as prices fall

The government last week decided to lift ban on export of onions in view of projected sharp fall in prices due to bumper rabi crop

PAN-Aadhaar linking: Do it before March 31 or else pay Rs 10,000 fine

As per the latest figures, over 307.5 million PANs have already been linked to Aadhaar, while 175.8 million PANs are yet to be linked with the 12-digit biometric ID