Economic Recovery Need Both Fiscal, Monetary Policy Support
Economic recovery will need both fiscal and monetary policy support, and the government will have to act quickly in fixing the protectionist policies and fast-tracking...
Category : ECONOMY
FinMin Issues Rs 13,386 Cr to 25 States as Grant to RLBs
The Finance Ministry has issued Rs 13,386 crore to 25 states to grant rural local bodies (RLBs). Tied grants are released to the rural local...
NHAI to be Agent of Centre’s Rs 6 Lakh Crore Asset Monetisation Plan
The National Highways Authority of India (NHAI) will be the agent of the centre’s asset monetisation programme to raise around Rs 30-40,000 crore through monetisation...
Maersk Making $1.4 Billion Investment on MethanolFueled Ships
Maersk is making a $1.4 billion investment in green ships. Maersk A/S has ordered eight new vessels that cost $175 million each, that can be...
FDI Grew to $12.1 Billion in May
Foreign Direct Investments (FDI) rise to $12.1 billion in May of this year. The government is working to reach an exports target of $400 billion...
Gold ETFs Saw Outflow of Rs 61 Crore in July
After seven continuous months of net inflows, gold exchange-traded funds (ETFs) saw a pullout of above Rs 61 crore in July as investors turned their...
India Decreases Import Tax on Soy Oil, Sunflower Oil
India decreases import tax on crude and refined soy oil and sunflower oil by 7.5 per cent, said a government order India is the world’s...
India Ratings Cuts FY22 GDP Forecast to 9.4%
India Ratings cut its FY22 GDP growth for India to 9.4 per cent from 9.6 per cent. “Seeing the speed of vaccination, it’s clear that...
Govt Declares Tax Refund Under RoDTEP Scheme
The Centre declared tax refund rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, covering 75 per cent of tariff lines....
Centre Permits Construction of 16,488 Houses Under PMAY-U
The government has allowed the construction of 16,488 houses in urban areas under the Pradhan Mantri Awas Yojana (PMAY). The Union Housing and Urban Affairs...