Page 1576 - Economy & Policy News

PLI scheme to give $520-bn boost to manufacturing sector in 5 yrs: Amitabh Kant

The Centre's production-linked incentive scheme for key sectors has the potential to add $520 billion worth of manufacturing in the next five years, NITI Aayog CEO Amitabh Kant said

V-shaped recovery of economic activity continued in Oct: CEA Subramanian

Chief Economic Advisor K V Subramanian said V-shaped recovery of economic activity continued in October and both factory output and core sector growth inched up to the pre-Covid level.

Post-Covid world order holds limitless opportunity for India: Chandrasekaran

But for the country to be ready to participate, there is a need to establish regulatory standards on data and taxation in general, Tata Sons Chairman N Chandrasekaran said

Indian economy emerging stronger after Covid-19: SoftBank India head Kohli

The key sectors that will drive growth are infrastructure, manufacturing, healthcare, education and insurance, Kohli added

Reserve Bank of India appoints three executive directors

The central bank has picked R Subramanian, RS Ratho and Rohit Jain as executive directors.

'2020s belong to India': Tata Chairman Chandrasekaran at FICCI meeting

Chandrasekaran called for focus on talent, enable data and bandwidth and the need to be a part of the new regulatory standards

FinMin approves Rs 9,879 cr capital expenditure proposal of 27 states

Of this, Rs 4,939.81 crore has been released in the first tranche

India should focus on sunrise sectors to stay competitive: NITI Aayog CEO

Kant further added that the production-linked incentive (PLI) scheme for 10 key sectors, which the government announced last month, should spur growth in manufacturing in a big way

Recovery faster than expected, economic indicators encouraging: PM Modi

The Prime Minister further said that India has been through ups and downs in 2020 but things have improved fast

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April

IIP grows 3.6% in Oct, touches 8-month high on consumer goods, electricity

The Index of Industrial Production (IIP) grew by 3.6 per cent in October on a year-on-year (YoY) basis compared to a 0.4 per cent expansion in the previous month

Govt likely to drop proposals to cap bids for airport privatisation

A panel for PPP projects had recommended restricting airport projects to 2 to check monopoly

Railways to begin recruitment drive on December 15; Covid disclosure must

The first round of the exams will be held from December 15 to December 18. The next phase will be from December 28 till March 2021 tentatively, and the third round will be till the end of June 2021

Finance Minister mulling 75% reduction in foreign travel budget for FY22

The Covid-19 pandemic and the ensuing restrictions in mobility may result in a 75% reduction in the budgetary allocation for foreign travel in FY22

NBFCs may lose 1% market share to private banks by FY22: CRISIL report

The growth, though, will be muted at 5-6 per cent due to asset quality concerns, funding issues and competition from banks.

Non-life insurers get Covid-19 claims worth Rs 10,000 crore as of Dec 11

The insurers have settled 508,334 claims amounting to over Rs 4,800 crore

Liquidations under IBC in Q2 jump, new applications remain subdued

Critics of the IBC have often pointed out that the delays in admission, resolution and liquidation might be making it an unattractive proposition

Experts urge caution on low interest rates, warn of liquidity crisis

Ultra-low rates run the risk of enticing firms to borrow too much, they say

GST invoice fraud: 132 arrested, 163,000 registrations cancelled

In its drive to check fake firms GST field formations have cancelled 163,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months

GoM seeks presentation from DoT, BSNL to take stock of asset sale

The asset sale exercise is expected to start early next year and the final contours will be decided by the GOM.