Page 889 - Economy & Policy News

Rupee can drop further to 84.50 against US dollar by year-end: Poll

The rupee slipped to a record low of 83.2150 on Thursday

Tamil Nadu's gross state domestic product grew by 5.87% in FY21: CAG report

Tamil Nadu's gross state domestic product GSDP, one of the vital indicators of the state's economy, grew by 5.87 per cent during the period 2020-21

India's home sales, prices to rise, defying rate hikes: Puravankara CEO

Puravankara Ltd, one of India's top property developers, expects both prices and new home sales to rise in the near future, defying rising interest rates, a top company executive said

Healthcare services received at home are GST exempt, rules Kerala authority

It cites government note saying healthcare services provided by clinical establishments or authorised medical practitioners would not attract GST

Deliberations on draft telecom bill being conducted: Ashwini Vaishnaw

Draft telecom bill: Vaishnaw said that the Indian government will only introduce "light-touch regulations" on over-the-top (OTT) communication services

Unseasonal rain, crop losses could keep India's food inflation high

Economists say annual headline inflation will likely start easing from September's 7.41% peak but price pressures on grains, vegetable, and milk will persist

India 3rd in list of centi-millionaires, to overtake China by 2032: Report

India ranks third in the world's first-ever global study on the rise of centi-millionaires -- individuals with assets of more than Rs 830 crore ($100 million), a new report has revealed

Sanjay Malhotra succeeds Bajaj as revenue secy; Giridhar named defence secy

Malhotra will take over as secretary, Department of Revenue, after Tarun Bajaj completes his term on November 30

PM-Kisan scheme benefit discontinued for over 1.5 mn farmers in Jharkhand

The financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) has been discontinued for over 1.5 million people in Jharkhand as they fail to provide the necessary documents

India's economic growth outlook stagnates, stuck in lower gear: Report

India's economy will grow well below its potential over the next two years, with inflation staying above the mid-point of the RBI's tolerance band, according to a Reuters poll

Indian industry ready to catch momentum of country's growth: Ficci official

The Indian industry is ready to catch the momentum of the country's growth story and be a part of its march to 2047 to become a developed nation, a top industrialist has said.

Number of petrol pumps selling biofuels jumped threefold in 5 years: Puri

Hardeep S Puri said that the number of petrol pumps selling biofuels has increased threefold from 29,897 in 2016-17 to 67,641 in 2021-22

PSU dividend targets may be missed due to impact on oil industry

The budget estimate for dividends from PSUs is Rs 40,000 crore. So far, the centre has garnered Rs 15,766 crore. Even with such healthy receipts so far, a shortfall is expected

India trade deal matters more than date, says UK trade minister

The Diwali timeline for a draft FTA had been announced by former British Prime Minister Boris Johnson during his meeting with Prime Minister Narendra Modi in New Delhi in April

MeitY gets legal dept approval for govt-backed GACs in IT rules

The entire process, from the filing of an appeal to taking a decision, will be concluded online

Penalties on OYO, MakeMyTrip, GoIbibo big win for hospitality sector: FHRAI

With the penalties of Rs 223.48 crores and Rs 168.88 crores on MMT-Go and OYO for anti-competitive conduct, the FHRAI described it as "one of the biggest wins for the hospitality industry"

Finance ministry releases Rs 1,764-cr grant to four states for MPC/UAs

The finance ministry on Wednesday released Rs 1,764 crore grant to four states

MGS, Light Tank, WhaP: DRDO presents 3 'Make in India' successes at DefExpo

The DRDO has chosen Larsen & Toubro as a "design cum production partner"

After wheat, iron ore, Railways raises wagon registration fee for all goods

Moreover, the charge for booking an entire rake, or goods train, has been revised to Rs 1,00,000 from the earlier Rs 50,000

PSU general insurer employees irked with move to link pay with performance

Experts say the government's decision to link wage revision with performance could have been pivoted on the financial health of the four public-sector insurers