Page 2102 - Economy & Policy News

Govt expands PM's Economic Advisory Council; appoints 3 part-time members

A notification by the Cabinet Secretariat announced the addition of Neelkanth Mishra, Nilesh Shah, Anantha Nageswaran's names as part-time members of the EAC-PM

Launches in realty plunge 45% in top nine metros in Q2: PropTiger report

Overall, all top metros, except for Gurugram, witnessed a fall in number of unit launches

Trai to settle call ring time in 2 weeks even as telecom war gets ugly

On Jio's latest allegations that rival telcos are fraudulently masking fixed-line as mobile calls, a senior Trai official said the matter will be examined just as all complaints to the authority are

Housing sales down 25%, new launch dips 45% across 9 cities in Jul-Sep

New launches fell to 33,883 units from 61,679 units during the period under review

Realty market sentiment in Q2 plummets to demonetisation level: Report

Further, the Future Sentiment Index dropped to an all-time low of 49 in Q3 2019 calendar year

Sale of durable products yet to pick up beyond major urban conglomerates

While the end of the current festival season is less than a fortnight, most large-scale manufacturers are yet to register healthy growth in primary sales

India cannot sacrifice economic strength to comply with US sanctions: FM

Sitharaman said the Indian government has expressed its view to the United States

Automobile slowdown: Number of vehicles crossing toll gates slowing

While traffic and toll collection will take a hit in FY20, toll rates may not rise much in FY21 owing to a lower wholesale price index (WPI)

Govt to bring back FRDI Bill, may hike insurance cover of customers

The government intends to hike the insurance cover of customers of a failed financial institution

ICRA revises rating outlook for one-third of wind, solar portfolio

The agency has downgraded rating for 20% of its rated portfolio for wind and solar

Slowing credit growth puts economic revival hopes on shaky ground

Lending growth by banks had nearly halved to 8.8 per cent at the end-September from the start of the year

Fundamentals of economy 'very very strong', says CEA Subramanian

The CEA further said the slowdown in the economy is due to a decline in investment, which is a key driver

States put the foot down on capex; outlays up 17% during FY15-19

The expenditure is concentrated primarily on economic services that accounted for around 70 per cent of the spending

Entry-level, premium bikes buck trend by reporting growth amid slowdown

The premium motorcycle segment saw a seven-fold jump in domestic sales during April to September

Southern cities feeling the heat of residential slowdown, says report

The western cities of Pune and MMR raced far ahead and clocked in 33% jump in sales

Slowdown in real estate sector hampering screen additions for multiplexes

Multiplexes are now either expanding within existing properties or converting single screens into multiple screens through partnerships

Another nail in the coffin: Commercial credit down 2.6 percentage points

The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises

UP to open financial bids for expressways worth Rs 20,000 cr this month

Top firms including L&T, Afcons Infra have submitted bids to develop the expressways

India's fuel demand dips to lowest in over two years in Sept: Govt data

Diesel, the most used fuel in the country, saw demand drop by 3.2 per cent to 5.8 million tonnes, while naphtha sales were down by a quarter to 844,000 tonnes

NCR's thermal units to miss deadline for curbing pollution this winter: RTI

Over 33 power stations in the NCR were given two years' extension from the original deadline of 2017 to install emissions-control technology, but most are yet to award tenders, reveals RTI