ECONOMY NEWS - Page 107

drug makers, self reliance, critical drug production, drug manufacturing company, Indian govt, economy news, Indian express news

Self-reliance push: 3 cos to manufacture priority bulk drugs

January 23, 2021 00:47 IST

India is presently “fully” dependent on imports for these products — penicillin G, 7-aminocephalosporanic acid (7-ACA), erythromycin thiocyanate (TIOC) and clavulanic acid — which is why they were considered for approvals on priority.

NBFCs regulation, RBI, NPAs, Reserve Bank of India, non-performing assets, RBI four tier structure, economy news, Indian express news

RBI proposes 4-tier structure for tighter regulation of NBFCs

January 23, 2021 00:38 IST

In its discussion paper on revised regulatory framework for NBFCs, the RBI has said the regulatory and supervisory framework of NBFCs should be based on a four-layered structure: Base Layer, Middle Layer, Upper Layer and a possible Top Layer.

Muslim community, superintendent of police tapi, Gujarat news, muslims in gujarat, religious books, Bapa Sitaram Nagar, Nagar Palika anganwadi, india, indian express news

32 bids received from 10 entities: Aviation Ministry

January 22, 2021 04:28 IST

Responding to The Indian Express report titled “Finance Ministry and Niti Aayog had raised red flags before Adani’s clean sweep of six airports”, published on January 15, the Ministry said that the assertion made in the article was “factually incorrect”.

The courses are of a duration of 9 to 12 months, and comprise 16 modules

‘Hybrid roles, the new norm: IELTS, Azure, software testing in demand’

January 22, 2021 04:12 IST

The report is based on data from the global companies using the Udemy for Business platform and a survey of more than 500 learning and development professionals.

RBI monetary panel meet, RBI meeting, RBI MPC meeting, RBI Monetary policy meeting, Business news, Indian Express

India within striking distance of attaining positive growth: RBI

January 21, 2021 14:05 IST

"What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin.

A street food vendor prepares an order in Noida (Photographer: Prashanth Vishwanthan/Bloomberg)

Banks red-flag: Loans to street vendors in pandemic turning NPAsSubscriber Only

January 21, 2021 07:35 IST

Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%.

As per the memorandum, the price of cement (50 kg) in the last two years from January 2019 to December 2020 has increased from Rs 360 to Rs 430, whereas steel price (per tonne) has increased from Rs 40,000 to Rs 58,000 in the same period.
(Representational)

To spur growth & jobs, booster for construction and low-cost housingSubscriber Only

January 18, 2021 07:41 IST

One factor behind the exodus of migrants from cities during the pandemic was their lack of access to safe, affordable housing in urban clusters.

Narendra Modi, PM, startup India seed fund, India startups, Indian economy, indian express news

PM announces Rs 1,000-crore startup India seed fund: ‘Our startups should be global giants in their service areas’

January 17, 2021 01:28 IST

“Going ahead, the government will provide guarantees to help startups raise debt-capital. We are trying to build a startup ecosystem which functions on the ‘of the youth, by the youth, for the youth’ mantra,” the Prime Minister said.

Forex reserves rise, foreign exchange reserves, RBI, Reserve Bank of India, foreign currency assets, Indian economy, Indian express news

Forex reserves rise to $586 bn

January 17, 2021 01:26 IST

In the previous week ended January 1, the reserves had increased by $4.483 billion to $585.324 billion.

UKIBC seeks parity in corporate tax rates for Indian, foreign cos

January 17, 2021 01:15 IST

As part of pre-Budget consultations with the Finance Minister, the UK-India Business Council also recommended raising the FDI limit in defence and insurance sectors.

RBI open to bad bank proposal: Shaktikanta Das

January 17, 2021 07:51 IST

“If there’s a proposal to set up a bad bank, the RBI will look at it. We have regulatory guidelines for asset reconstruction companies,” RBI Governor Shaktikanta Das said while delivering the Nani Palkhivala Memorial Lecture.

Piramal group likely to bag DHFL as lenders back Rs 37,250-crore bidSubscriber Only

January 16, 2021 07:23 IST

The Committee of Creditors (CoC) is expected to officially clear the proposal in the coming days and forward it to the National Company Law Tribunal.

A customer counts Indian one-hundred rupee bank notes before depositing them in India. (Photographer: Dhiraj Singh/Bloomberg)

India’s medium-term growth to slow to around 6.5% after initial rebound: Fitch Ratings

January 14, 2021 17:11 IST

In a report titled 'India Set for Slow Medium-Term Recovery', Fitch said after an initial strong rebound in the fiscal year beginning April 2021, growth will slow to around 6.5 per cent a year over FY23-FY26 (April 2022 to March 2026).

A vendor sits at a fruit stall at Crawford Market in Mumbai, India, on Tuesday, Dec. 11, 2018. (Photographer: Dhiraj Singh/Bloomberg)

December wholesale inflation slows to 1.22%

January 14, 2021 13:03 IST

WPI inflation: The rate of inflation based on WPI Food Index decreased from 4.27 per cent in November 2020, to 0.92 per cent in December 2020, as per the data released by the Department for Promotion of Industry and Internal Trade.

The Index of Industrial Production (IIP) contracted 1.9 per cent in November after having recorded a growth of 0.5 per cent in September and 3.6 per cent in October. IIP growth for October has now been revised to 4.2 per cent.

Factory output shrinks 1.9% in November, retail inflation for December eases to 4.59%Subscriber Only

January 13, 2021 03:36 IST

Retail inflation for December, data for which was also released, offered some relief to policymakers, with price levels easing to a 15-month low of 4.59 per cent on account of a dip in food inflation.

Vegetable vendors wear protective masks while waiting for customers at a market during a lockdown imposed due to the coronavirus in Mumbai, India, on Sunday, April 5, 2020. (Photographer: Dhiraj Singh/Bloomberg)

Retail inflation eases to 4.59% in Dec; IIP slips -1.9% in Nov: Govt data

January 12, 2021 18:29 IST

CPI Inflation Rate December, IIP Growth Rate November 2020: The retail inflation, measured through the Consumer Price Index (CPI) rose by 4.59 per cent in December. Separately, the factory output, which is measured in terms of Index of Industrial Production (IIP), contracted by -1.9 per cent in November.

A farmer harvests rice by hand at a field in Gaya district, Bihar, India, on Friday, Oct. 23, 2020. (Photographer: Prashanth Vishwanathan/Bloomberg)

Budget 2021-22: Govt should provide additional funds, incentives for agri sector, say experts

January 12, 2021 13:54 IST

The direct benefit transfer (DBT) scheme should be utilised more to support farmers instead of giving subsidies, they added.

The growth was on the back of a good crop season, better offers in the two-wheeler segment, new launches both in passenger vehicle as well as two-wheeler segments and a fear of price increase in January.

First time in FY21: Retail auto sales post growth in December

January 12, 2021 03:18 IST

According to data released by the Federation of Automobile Dealers Associations (FADA) on Monday, retail sales across categories grew 11 per cent during December on a year-on-year (y-o-y) basis.

Inching closer to the 50,000-level, the benchmark Sensex crossed the 49,000-mark, soaring 487 points to 49,269.32, while the NSE Nifty Index rose 138 points to 14,484.75 on buying support by foreign investors and domestic investors.

Sensex crosses 49K-mark on global rally, good Q3 results

January 12, 2021 03:02 IST

Most Asian markets rose following another record performance on Wall Street as investors cheered the prospect of a further massive stimulus for the US economy, with President-elect Joe Biden calling for a spending spree in the trillions of dollars.

Union Finance Minister Nirmala Sitharaman and Minister of State Anurag Thakur. (PTI)

Covid-19 safety takes Budget papers online

January 12, 2021 09:07 IST

Budget documents will be provided only through online means and Members of Parliament will get an e-version of these documents.

Government looks at ‘expenditure’ budget to aid higher growthSubscriber Only

January 11, 2021 07:41 IST

With the GDP expected to post a negative growth of 7.7 per cent in 2020-21, the government expects a strong rebound next financial year.

V Ramakrishnan: ‘Growth momentum will sustain as deal pipeline is healthy’Subscriber Only

January 11, 2021 04:18 IST

TCS has reported a stellar set of numbers for the December quarter, the strongest growth in last nine years.

Food inflation, Food price hike, Reserve Bank of India, GDP growth, Indian Economy, National Statistical Office, food inflation, Food Price Index, indian express news

Across farm commodities: Growth silver lining but food inflation may be dark cloudSubscriber Only

January 9, 2021 13:31 IST

FAO's global food price index has hit the highest since November 2014.

Nirmala Sitharaman, Finance minister, National Infrastructure Pipeline, NIP, Ganga rejuvenation, indian express news

Economists call for accelerated privatisation and simpler GST

January 9, 2021 00:41 IST

Economists also emphasised the need for development of acceleration of public investment in infrastructure and public goods projects, especially on construction heavy projects to create immediate jobs.

Indian Economy, India GDP, India GDP contraction, National Statistical Office, Reserve bank of india, indian economy news, indian express news

India’s GDP to contract 7.7% in current fiscal, advance estimates showSubscriber Only

January 8, 2021 06:56 IST

Out of a total eight sectors, agriculture and electricity generation are the only two that are projected to be in positive territory, with an estimated growth rate of 3.4 per cent and 2.7 per cent respectively.