Page 1944 - Economy & Policy News

Kerala FM Thomas Isaac begins budget presentation with anti-CAA remarks

Students and women are at the forefront of the anti- CAA agitations and the hope of the country lies in the youth who hit the streets vowing they would not let the country down, he said

India's rice export prices edge up to 4-month high on strong African demand

India's 5 percent broken parboiled variety was quoted around $370-$375 per tonne this week, the highest since the last week of September

Senators ask Trump to press India reduce hike in Soda Ash import duties

In a letter to US Trade Representative, Robert Lighthizer, the Senators said that thousands of US jobs rely on the soda ash industry and keeping tariffs low will help US workers and economy nationwide

Monetary policy review: RBI holds rates, keeps door open for cuts in future

While the repo rate remained at 5.15 per cent and the stance "accommodative", the central bank said there would be rate cuts as and when opportunity came

IL&FS group gets Rs 707-cr claim award for Fagne Songadh Expressway project

With this, total claim approvals for the group now stands at Rs 2,700 crore

ED identifies Rs 3,000-crore assets of Kapil Wadhawan in DHFL case

The assets include a 12,000 square foot parcel of land in Melbourne, Australia, worth around Rs 1,000 crore; a villa in Koshamui in Thailand worth Rs 50 crore; flats and offices in UK and US

Poultry prices decline amid rumours of coronavirus spreading to birds

Since coronavirus broke out in a few cities in China and a couple of cases were spotted in India as well, rumours claimed for the first time that it was carried by birds

US-Iran tensions, coronavirus to pull down rice exports by 20%: Report

Export of rice especially basmati, to Iran, valued at $1.5 billion in 2018-19 financial year, continue to weather uncertainty following US sanctions on its crude oil last year

India should double credit growth to 15% for $5 trn economy by '25: Bankers

The country has recorded high double-digit credit growth in the past and is capable of achieving similar growth now as well, they added

Domestic air passenger traffic growth slows down; up by 5.1% in 2019: IATA

IATA measures passenger growth in revenue passenger kilometres

Monetary policy review: RBI adopts a new liquidity management framework

The central bank also withdrew daily fixed rate repo and four 14-day term repos every fortnight being conducted presently

Oil major Total to invest $510 mn for 50% stake in JV with Adani Green

Next 2-3 months to test if domestic steel price hikes are sustainable

High inflation restricts RBI from choosing non-rate tools to support growth

Earlier, the RBI decided to hold rates as widely expected and affirmed to stick to the accommodatory stance for as long as it is required to boost growth

Monetary policy review: RBI extends helping hand to MSMEs, realtors

Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors

AIIB likely to lend $3 bn to Andhra Pradesh for development projects

Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively

RBI policy: CPI-based inflation to GDP growth, key numbers at a glance

CPI projection revised upwards to 5.4-5.0% for H1FY21 from 4-3.8% in December policy

RBI's DPI to track reach of digitisation of payments in India by July

The index, according to people in the know, will help the regulator understand the impact and spread of digital payments in rural, urban, and semi-urban areas

Rajasthan commission revises power tariff with 11% hike at Rs 4800 crore

The revised tariff will generate additional revenue of Rs 792 crore in the last two months (February and March) of the current fiscal year

GST evasion: To tighten enforcement, I-T officials to share taxpayers' info

Currently, state tax officials administer and control 90 per cent of the assessees below Rs 1.5 crore annual turnover, and the remaining 10 per cent is with the central tax officers.

Bankers, analysts welcome RBI's liquidity boosting policy measures

The market has taken the long-term repos worth Rs 1 trillion as the biggest developmental and regulatory step that came out of the blue, analysts said