Economy
WTO members discuss proposal of India, South Africa for easing IP rules for COVID-19
The WTO states the proponents of the proposal argued the relaxations would avoid barriers to the timely access to affordable medical products, including vaccines and medicines.
Retail inflation eases marginally for farm, rural workers in September
The rise in index varied from state to state. In case of agricultural labourers, it recorded an increase of 1-23 points in 20 states, it said.
Indians shying away from retirement plans; focus more on these new-age priorities
While Indians prioritise contingencies like illness or accidents, more than half of urban Indians have made no retirement plan at all, and the average age by which they say they will have a plan is 51
Next year will be the greatest economic year in US history: Donald Trump
Acknowledging that the country was reeling from the impact of the coronavirus, Trump promised his supporters that the country will soon get back to normal life.
India mulls trade talks with Taiwan as both spar with China; investment in tech, electronics on cards
A trade deal with Taiwan would help India’s goal of seeking greater investments in technology and electronics.
Crores of Indians locked out of ration card system that provides cheap food; starvation deaths haunt poor
India spends more than 1 trillion rupees on the ration card program but there are still tens of millions getting locked out of the assistance.
Capex target: Oil & gas, coal PSUs told to stick to FY21 plan
FM says scaling up of CPSE capex in FY21-FY22 vital for economic revival
GST shortfall: Punjab, Bengal, others to choose Option 1, Kerala demurs
Under GST Compensation Act, 2017, the states are guaranteed a 14% annual growth in the relevant tax revenues over five years till July 2022, meaning such tax receipts would be their income sans any co
Kisan Credit Card scheme: Rs 1.35 lakh crore credit sanctioned achieved
The KCC scheme was introduced in the year 1998 with the objectives of providing adequate and timely credit to the farmers for their agricultural operation.
Open to imparting more stimulus to economy: FM Sitharaman
According to the privatisation policy announced by Sitharaman recently, at least one enterprise in a ‘strategic sector’ will remain in the public sector, but the private sector will also be allowe
CBDT reiterates tolerance range under transfer pricing rules
CBDT kept tolerance range of 1% for wholesale trading and 3% for all other transactions undertaken during the financial year ending March 31, 2020.
Bengal discom banks on distribution overhaul with World Bank loan to optimise cost of supplies
The discom's in excess Rs 12,700 crore regulatory assets or previous losses recoverable from customers, can be realised by a tariff hike.
FM Nirmala Sitharaman: Govt has started assessing Covid’s impact on economy
To a question on whether the Finance Ministry would come out with an assessment of economic contraction, Sitharaman said the ministry has started doing some assessment since the beginning of October a
Asian Development Bank to provide USD 346 million loan for power supply project in rural Maharashtra
The program aims to provide efficient and reliable power to agricultural customers in Maharashtra's rural areas through adoption of HVDS that will help reduce distribution losses.
IMF says nearly all Mideast economies hit by coronavirus pandemic recession
The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two Lebanon and Oman are expected to see so
Centre should take initiative in settling GST borrowing quantum issue: Kerala FM
The centre had in August proposed two options to states: borrow Rs 97,000 crore (on account of GST implementation) from a special window facilitated by the RBI or the complete shortfall of Rs 2.35 lak
PM Modi to inaugurate India Energy Forum next week
The event's speakers include energy ministers, senior industry executives and leading national and international energy experts.
Who has the most power in Asia? US leads, China closes in but India falls behind
The U.S. economy could take until 2024 to recover to pre-pandemic levels, the institute said. In contrast, China’s economy has rebounded from the virus and is the only large economy forecast to reco
Japan exports fall amid slow recovery from pandemic downturn
Prime Minister Yoshihide Suga, who took office a month ago, left on Monday for Vietnam and Indonesia, where virus cases are relatively low, to drum up business and trade.
China’s economy recovers from coronavirus slump: Posts 4.9 per cent growth in Q3
Despite the improvements, the foundation for sustainable recovery requires further consolidation due to global uncertainties and uneven performance at home, Liu cautioned.
APMC mandis lose grip on Maharashtra FPCs
Direct sales to food processors, retailers on the rise
Disinvestment: Plans afoot to raise Rs 1 lakh crore in FY21
Strategic sales in fuel retailer-refiner BPCL, Container Corporation (ConCor) and IDBI Bank would be completed in the year, an official source said.
Start of Season: Most summer crops being sold below support prices
An analysis of prices by FE showed that farmers sold seven kharif crops including jowar, bajra, maize, moong and soyabean at prices 8-38% below their MSPs during October 1-15.
Go ‘swadeshi’, end imports and increase exports: Nitin Gadkari
He also suggested setting up of an "import substitute and export-oriented department" with separate funds earmarked for it.
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