Page 238 - Indian Economy

A new road map

Execution key to making asset monetisation pipeline work

Govt eyes Rs 45,000 cr from power transmission monetisation assets by FY25

The government aims to garner over Rs 45,200 crore through monetising power transmission assets by FY 2025 as part of its ambitious asset monetisation plan.

Govt looks to monetise warehousing assets worth Rs 28,900 cr under NMP

The Centre plans to monetise warehousing assets owned by state-owned firms FCI and CWC over the next four years for an estimated Rs 28,900 crore under the National Monetisation Pipeline (NMP).

400 stations, 90 passenger trains; assets to fetch Rs 1.52 trillion

A total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways are among the assets identified by the government for monetisation.

India's volatile rains may create challenges for inflation, says Barclays

The nation is facing an 8% rainfall deficit, which will impact future sowing and harvesting seasons, pressuring consumer prices and squeezing the agriculture sector, Barclays chief India economist

Govt approaches 17 companies to settle retrospective tax cases

The rules under the Taxation Laws (Amendment) Act, 2021, are expected this week

India must negotiate well on free trade agreements, say experts

'Reduction in tariff equally crucial while working towards any agreement'

RoDTEP scheme is different from MEIS

Exporters of chemicals, pharmaceuticals, steel etc. are unhappy that their products have been left out of the RoDTEP scheme

FM to launch 4-year national asset monetisation plan on Monday

Govt has planned a Rs 6-trn pipeline of assets that can be monetised, which will include those put on block for private sector participation

Need to further fuel drivers of consumption, private investment: Industry

There is a need to further fuel the drivers of household consumption and private investments to enhance the aggregate demand in the economy, industry chamber PHDCCI said on Sunday.

India's direct selling industry bucks pandemic to grow 10% in FY21

India's direct selling industry is likely to have grown around 10 per cent in the Covid-hit FY21, according to industry stakeholders

PV Narasimha Rao father of economic reforms in India: CJI Ramana

Chief Justice of India N V Ramana on Friday said that dispute resolution though negotiations and mediation is part of Indian culture

MPC minutes: RBI Guv pitches for continued policy support to revive growth

Reserve Bank Governor Shaktikanta Das opined that continued policy support with a focus on revival and sustenance of growth was the most desirable and judicious policy option at the moment

India's forex reserves decline $2.10 billion to $619.365 billion

India's foreign exchange reserves decreased by USD 2.099 billion to stand at USD 619.365 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI data showed on Friday. The forex kitty had increased by USD 889 million to a lifetime high of USD 621.464 billion in the previous reporting week. Foreign currency assets (FCAs), a major component of the overall reserves, decreased by USD 1.358 billion to USD 576.374 billion in the reporting week, as per the weekly data by the Reserve Bank of India (RBI). Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Value of the gold reserves declined for the second consecutive week, dropping USD 720 million to USD 36.336 billion, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 7 million to USD 1.544 billion. The country'

Ind-Ra revises GDP growth projection to 9.4% in FY22 and 15.3% in Q1

In June, the rating agency had said that the GDP would grow by 9.6 per cent if the country is able to vaccinate its entire adult population by December 31 this year

BS-Seema Nazareth Award: NK Singh calls for Parliament, GST, health reforms

Finance Commission Chairman shares his vision to make the economy deliver over next 30 years

Welcome rethink on FTAs

Exports can enable sustainable economic growth

India at BRICS meet: Aatmanirbhar Bharat a global initiative, says Goyal

Minister bats for widening the scope of NDB to strengthen social infra

GDP growth may be overestimated at 20% in first quarter, says Icra

It cautioned that the organised sector is expected to have gained at the cost of the less formal space during the first quarter of the current financial year

Indian economy rapidly normalising towards pre-pandemic levels: KM Birla

The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, Kumar Mangalam Birla said