Page 1990 - Economy & Policy News

UP likely to breach paddy procurement target of 5 million tonnes

So far, UP has procured 4.2 MT with 8 weeks still left in 2019-20 kharif marketing season

NPS for traders fails to gain traction, only 25,000 registrations till now

The government launched the scheme, entailing monthly minimum assured pension of Rs 3,000 for the entry age group of 18-40 years after attaining the age of 60 years, with effect from July 22, 2019.

Govt may ask unlisted firms to submit financial statements every quarter

The aim is to have updated financial details about systemically-important companies that are not listed, the official told PTI

India fuel prices up for 4th day as Soleimani killing roils oil market

Petrol in Delhi now costs Rs 75.54 per litre--the highest in more than a year--and a litre of diesel comes for Rs 68.51.

New political landscape leaves BJP at mercy of others in GST Council

The party controls 15 states and is short of the 75% vote share needed to pass decisions

$5-trillion economy achievable but time frame uncertain: SBI Chairman

Speaking at an interactive session organsied by FICCI, Rajnish Kumar said private investment was necessary for achieving the target

OMCs say spike in oil prices a temporary phase as US-Iran lock horns

Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani

Clearing GST Council voting harder for govt as BJP loses grip over states

The party, which controls 15 states, falls short of the 75% vote share needed to pass a decision. And it doesn't have an Arun Jaitley to broker a consensus on contentious matters

Can rising food inflation help India's languishing rural economy

A study shows that a 10% increase in the price realised by farmers directly raise their incomes by 13 per cent and had a large favourable effect on production as well

Metals sector eyes recovery as prices rise after scraping the bottom

Steel, iron ore firms gain pricing power, hope for demand revival in base metals

Basmati exporters jittery, turmeric also hit over rising US-Iran tensions

Indian exporters have outstanding basmati payments to the tune of Rs 800 crore on Iran

Textile hub Tirupur in a stitch as world brands cut down export orders

UK retailer MotherCare files for bankruptcy--the latest international company to hurt Tirupur's fortunes.

Outlook for two-wheelers stable, negative for cars, CV and components: Icra

Credit profile of two-wheeler makers may remain strong despite moderation in earnings; demand weakness in domestic market has been partially offset by healthy export growth

Govt looks to put women's welfare at centre of its five-year vision

Sources said the Prime Minister's Office (PMO) held detailed discussions with each sectoral grouping and will soon provide final inputs on ministries' final vision documents

India needs to strengthen manufacturing to achieve $5 trn economy: Prabhu

He also said that exports are going to be the main driver of economic growth

Here's why Insolvency and Bankruptcy Code is a policy masterstroke

From 161 resolved cases, the realisable amount stands at over Rs 1.6 trn

20K Ayushman cards annulled in Gujarat after ineligible beneficiaries found

The scheme, launched in 2018, provides Rs 5 lakh health insurance cover per family annually for secondary and tertiary care hospitalisation

After standardising health insurance, Irdai looks at rating of hospitals

Under the rating mechanism, insurers can charge on the basis of grades based on facilities like number of doctors or equipment in the hospital

Grapes exports up 21% during Apr-Oct; untimely rains may lead to crop loss

Domestic consumers may have to pay higher prices due to crop damage

New project announcements during April-December period shrink 29%

A study by CARE Ratings shows that new project announcements by the government tumbled 44%, while those in the private sector fell 19%