The Union Cabinet chaired by Prime Minister Narendra Modi has approved the extension of the Pradhan Mantri Vaya Vandana Yojana (PMVVY) till March 31, 2023.
Notably, Sitharman announced that in the other, non-strategic sectors, all public sector units will be privatised. The timing of the privatisation will depend on feasibility and other factors, she added.
“More than Rs 4,113 crores have been released to states,” said Sitharaman.
The Union government has decided to raise the limit for foreign direct investment (FDI) for defence manufacturing from 49 to 74 per cent under the automatic
Finance Minister Nirmala Sitharaman on Saturday said that private companies will be allowed to take part in planetary exploration.
FM Nirmala Sitharaman LIVE: After announcing relief for some of the India’s poorer section of the society including migrant workers, street vendors and small farmers, Nirmala Sitharaman will announce some more measures.
The mid-year World Economic Situation and Prospects (WESP) update expects India’s rate of gross domestic growth to increase to 5.5 per cent in the next fiscal year.
In the past six weeks, India’s economy has functioned at 49 to 57 per cent of its full activity level, by our estimates, McKinsey said in a report.
another Rs 3-6 per litre increase in excise duty on petrol and diesel may come midway during the year if the Central government felt the need to mobilise more resources to finance additional economic recovery packages to fight Covid-19 related disruptions.
Former Reserve Bank of India Governor Raghuram Rajan in a video talk with Congress leader Rahul Gandhi, streamed by the party, said that country needs Rs 65,000 crore to feed the poor.
In terms of the MSMEs, the CII suggested a credit protection scheme whereby 75-80 per cent of the loan should be guaranteed by RBI.
Mumbai: Rupee slumped to a new low of 76.91 per dollar on Wednesday on the back of a broad-based strength of the greenback. Weakness in the oil prices and volatility in the global and domestic stock markets weighed on the factors behind depreciation of the Indian currency. The rupee, has[Read More…]
Earlier on March 27, RBI had slashed the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent to help the economy fight the Covid-19 pandemic.
The fall in March has largely been on account of a sharp fall in food prices in the country. Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month.
The investment bank said that it sees major economic losses for large industrial states such as Maharashtra, Delhi, Tamil Nadu and Punjab.
Mr. Rajan said “The first sign of difficulties in India often seems in foreign exchange.
In 2018-19 the total production of coffee in Kerala is 64,676 tonnes and there are a good number of homestead coffee plants.
Also, demand-side measures could look at tax breaks for taxpayers and relief from duty on major items of consumption
Rajan said that the immediate priority is to suppress the spread of the pandemic through widespread testing, rigorous quarantines, and social distancing.