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Economy Politics

Economy Politics

As overall demand and output shrank in June for the first time in 11 months, manufacturing firms extended their record job cutting spree, albeit at a slower pace

India's factory activity contracts for first time since 11 months in June

Jul 01, 2021

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, declined to an 11-month low of 48.1 in June from May's 50.8

The Green Tribunal has also asked CPCB to suggest monitoring mechanism for API residue through a credible system so as to cover all pharma industries in the country discharging API residue directly or indirectly in river systems

NGT pulls up Himachal's pollution control board over discharge of antibiotics residue into waterbodies

Jul 01, 2021

The tribunal on June 23 asked a joint committee consisting of a nominee of Environment Ministry, Central Pollution Control Board (CPCB), HPPCB and District Magistrate, Solan to conduct inspection of the Baddi-Barotiwala-Nalagarh (BBN) area

The State would earn a revenue of Rs 783 crore over 10 years in the form of various taxes, while the direct employment alone is expected to infuse over Rs 2,200 crore every year

Andhra launches IT policy for 2021-24, expected to create over 55,000 jobs

Jul 01, 2021

The State Cabinet, chaired by Chief Minister Y S Jagan Mohan Reddy, approved the new policy, which is also expected to create 1.65 lakh indirect employment

LPG cylinder prices raised by Rs 25.50

LPG prices hiked again; check out latest rates in your city

Jul 01, 2021

Prior to this, prices were jacked up in January, February, March but fell by Rs 10 in April. Prices of 14.2 kg LPG cylinder were hiked by Rs 25 in January, February, and March respectively

Sanjeev Sanyal, Principal Economic Advisor to the Union Ministry of Finance

Economy recovering but may take longer to achieve $5 trillion goal, says Sanjeev Sanyal

Jun 30, 2021

"Of course, disruptions will be there. We had set a target of becoming a USD 5 trillion economy by 2024-25. It may take an additional year or so to achieve this," said Sanjeev Sanyal

Prime Minister Narendra Modi to speak on National Doctors' Day

PM Modi to address medical fraternity on National Doctors' Day tomorrow

Jun 30, 2021

The Doctors' Day is observed in the honour of noted doctor and former West Bengal chief minister Bidhan Chandra Roy, whose birth and death anniversaries fall on July 1

Prime Minister Narendra Modi on GST

GST milestone in India's economic landscape, reduced compliance burden: PM Modi

Jun 30, 2021

With the Goods and Services Tax (GST) regime completing four years, Prime Minister Modi added that it has also significantly increased transparency, compliance and overall collection

SC also directed the authorities to issue guidelines for simplifying the process of issuing death certificates for COVID-19 fatalities.

SC gives NDMA 6 weeks to decide minimum compensation for families of COVID-19 victims

Jun 30, 2021

The court said that while it cannot direct the Centre to fix a particular amount of financial help, the government can fix the minimum standard of amount to be paid as ex-gratia.

PNB scam accused Nirav Modi

Nirav Modi renews UK extradition appeal, hearing on July 21

Jun 30, 2021

Modi's lawyers had five days to file a renewal application seeking an oral hearing to plead the case for permission to appeal against the extradition ordered by UK Home Secretary Priti Patel on April 16

Finance Minister Nirmala Sitharaman

FM Sitharaman, US Treasury Secretary Janet Yellen discuss global minimum tax

Jun 30, 2021

"Yellen discussed that the US and India have a shared interest in implementing a robust global minimum tax", said the Department of Treasury

Finance Minister Nirmala Sitharaman

FM Sitharaman asks ministries to surpass capex target set for FY22

Jun 30, 2021

"While reviewing the capital expenditure performance of the ministries and their CPSEs, the Finance Minister emphasised that enhanced CAPEX will play a critical role in revitalising the economy post-pandemic and encouraged the ministries to front-load their capital expenditure," the finance ministry said