Macro Economy

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Core industries’ output contracts 15 per cent in June

The lifting of the lockdown since June (when Unlock 1.0 started) has led to better output for the eight core industries that month, although the ...

Nearly 80% businesses expect post-Covid recovery by June 2021: PwC India survey

India Inc is optimistic about economic revival despite near-term challenges on both demand and supply due to the Covid-19 pandemic, a PwC India ...

Government mulls tweaking rules to promote flow of insurance, pension funds into InvITs

New norms will allow insurance firms to invest in debt securities of Infrastructure Investment Trusts

Nielsen expects FMCG sector growth to be flat in 2020

Nielsen has slashed its growth forecast for the FMCG sector in the country and expects it to be nearly flat in the range of 1 per cent to -1 per cent ...

Railways to adopt a ‘zero’ imports policy

The national transporter hopes to go totally ‘Made in India’; taking steps to boost local sourcing of components

Govt notification allows NRIs to pick up 100 per cent stake in Air India

In a move which is likely to smoothen the divestment of Air India, the Ministry of Finance issued a Gazette notification on Monday amending the ...

Economy seeing promising signs of V-shaped recovery, says CII

‘Agriculture sector emerges as beacon of hope’

Import curbs on items targeting China may shield FTA partners

Commerce Ministry wants to avoid shortages by picking products wherein domestic capacities, other alternatives exist

Centre pays ₹13,000 crore GST compensation to States, UTs

The Centre has released the last tranche of GST Compensation amounting over ₹13,000 crore to States and Union Territories. With this, the total ...

Government mulls setting up separate authority to manage govt-owned surplus land assets

The National Land Management Corporation plans to use the special purpose vehicle route to pursue land lease or concessions as a primary mode of commercial exploitation

Cross-border partnership: India hands over 10 diesel locomotives to Bangladesh

India on Monday handed over ten Broad Gauge diesel-based locomotives to Bangladesh that have a residual life of at least 28 years. These are 3,300 ...

New public procurement rules to hit Chinese crane suppliers to Indian ports

Indian port operators using Chinese gear and PSU oil firms using Chinese tankers are also on a sticky wicket

UK, India to discuss possible free trade pact at trade committee meeting

Upbeat on partnership in health sector, including development of vaccines against Covid, and combating climate change, says UK High Commissioner to India

Despite differences, India and US trying to seal preferential trade deal

Market access for dairy, mobile phones, medical devices continue to be sticking points, say officials

EU approves biggest green stimulus in history with $572-billion plan

The plan is part of Europe’s bid to become the world’s first climate-neutral continent by 2050

India supports early conclusion of fisheries pact at WTO with necessary exemptions

At General Council meeting, New Delhi insists on disciplines for large-scale fishing, carve-outs for small fishers

Passenger vehicle registrations in June decline 38% year-on-year

Total vehicle registrations plummet 42%; annual outlook continues to be grim, says FADA

Indian businesses display resilience amidst pandemic, says HSBC survey

73% of firms say that they are agile enough to deal with the impact of the pandemic

Cement demand to fall 25% this fiscal

Prices may fall marginally as companies cut production accordingly

TN govt signs MoUs for ₹10,399-crore investments with industrial groups

These investments are set to create 13,500 jobs across the State in sectors such as solar cells, data centres and industrial parks

India plans to store crude oil in US

India plans to store its crude oil in US strategic petroleum reserves for use not just during emergencies but also for trading to capture any price ...

India-US Strategic Energy Partnership New Delhi wants investments, Washington wants market access

Oil Minister Pradhan to hold talks with US Energy Secretary through video conferencing today

Actual inflation 90 bps higher than imputed inflation of NSO: SBI’s Ecowrap

The actual headline inflation for June 2020 is almost 90 basis points higher at 6.98 per cent than the imputed inflation of the National Statistical ...

Pakistan to allow Afghanistan to resume exports to India through Wagah

Import from India will continue to be barred as the Pak-Afghanistan Transit Trade Agreement doesn’t provide for it

4.27 crore e-way bills generated in June, per day level touches 77 per cent of pre-lockdown

The Indian economy is gathering pace with the movement of goods rebounding close to pre-lockdown levels and GST collections rising sharply, GSTN said

Power generation equipment import from China and Pakistan will require prior approval: Minister RK Singh

The Ministry of Power has taken a firm stand against the use of Chinese equipment in the conventional power generation sector. Speaking to reporters ...

Discom dues: Centre accepts States’ requests for ₹20,000-crore soft loans

Discom dues in April and May to gencos can also be financed by loans from Centre: RK Singh

‘Increasing protectionism will hurt India’

Dutch firms are in India for a long-term relationship, says Dutch Ambassador

Refunds of over ₹62,000 crore issued during April-June, says I-T Department

Income Tax Department on Friday claimed that it issued refund in more than 20.44 lakh cases amounting to more than ₹62,361 crore during the period of ...

India’s trade deficit with China reduces to $48.66 bn in FY’20

India’s trade deficit with China fell to $48.66 billion in 2019-20 on account of decline in imports from the neighbouring country, according to ...

‘Customs Department may take at least a week to clear pile-up of Chinese cargo’

Manufacturers relieved as imports pending across sectors are being cleared, say officials

Insolvency regulator IBBI expands role of insolvency professional entities

Allows IPEs to provide support services to all IPs, not just to IPs who are its partners or directors

No change in small savings rates for July-Sept quarter

Govt’s move will encourage more people to invest in small savings

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