Economy news

• Amazon Prime launches mobile-only plan with Airtel

  13-01-2021 14:17 via timesofindia.indiatimes.com
  
  Amazon on Wednesday announced its first mobile-only Prime Video plan at a starting price of Rs 89 per month as it looks to woo entertainment-hungry smartphone users in the country.
  
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• Road to Recovery: Imports rise for the first time in 10 months

  16-01-2021 00:15 via financialexpress.com
  
  Reflect nascent revival of domestic demand
  
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• Commerce minister exhorts Indian investors to support start-ups in BIMSTEC region

  15-01-2021 20:45 via financialexpress.com
  
  BIMSTEC or The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is a grouping of seven countries in South Asia and South-East Asia.
  
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• Kerala budget focuses on infrastructure development, jobs

  15-01-2021 19:45 via financialexpress.com
  
  Finance Minister Thomas Isaac said Kerala is implementing the biggest state-level anti-recession infrastructure package in India of Rs 60,000 crore using KIIFB funds.
  
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• 'Govt nod to vehicle scrappage policy likely soon'

  15-01-2021 18:07 via timesofindia.indiatimes.com
  
  The much-awaited policy to scrap 15-year old vehicles is likely to get government nod soon, Union minister Nitin Gadkari said on Friday. On July 26, 2019, the government proposed amendments to motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.
  
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• Closing Bell: Sensex cracks by 549 points, IT stocks drag

  15-01-2021 18:02 via timesofindia.indiatimes.com
  
  Closing Bell: Sensex cracks by 549 points, IT stocks drag
  
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• UDAN scheme: Country's first Air Taxi services launched from Chandigarh to Hisar

  15-01-2021 16:50 via zeenews.india.com
  
  To date, 307 routes and 54 airports including five heliports and two water aerodromes have been operationalized under the Regional Connectivity Scheme. 
  
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• Bird flu scare: Vistara, IndiGo stop chicken, egg dishes on select routes

  15-01-2021 15:46 via timesofindia.indiatimes.com
  
  In wake of bird flu in severe states, airlines like IndiGo and Vistara have stopped serving chicken and egg dishes on some of their flights.A Vistara official said the airline has “already removed chicken and egg items from the onboard menu on both domestic and international flights originating from Delhi.”
  
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• India's Dec trade deficit widens to $15.44 bn

  15-01-2021 14:16 via timesofindia.indiatimes.com
  
  India's trade deficit in goods widened to $15.44 billion in December as imports rose to $42.59 billion, pushed by a surge in gold imports, while merchandise exports were up marginally, revised data released by the government on Friday showed.
  
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• This firm seeks finance from forests

  15-01-2021 13:48 via timesofindia.indiatimes.com
  
  Estonian company Single.Earth has raised millions of dollars to buy forests and wetlands, it said on Friday, aiming to tap into a rapidly growing carbon-offset market and public concern over the amount of logging in the country.
  
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• 7th Pay Commission: Central government employees cannot accumulate earned leave for encashment? Here's the truth

  15-01-2021 13:38 via zeenews.india.com
  
  Media reports stated that Modi government has made it compulsory for its permanent employees to take at least 20 days of earned leave every year.
  
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• Sensex slips 549 points; Nifty settles at 14,434

  15-01-2021 13:28 via timesofindia.indiatimes.com
  
  Equity indices slipped on Friday with the benchmark BSE sensex falling nearly 550 points amid profit booking. Sensex plunged 549 points or 1.11 per cent to close at 49,035; while the broader NSE Nifty moved 162 points or 1.11 per cent lower to settle at 14,434.
  
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• Sensex slumps 549 points on profit-taking; posts weekly gain

  15-01-2021 13:22 via zeenews.india.com
  
  Investors preferred to book profits at higher levels despite a good start to the earnings season, traders said.
  
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• Pandemic-hit tourism & hospitality sector looks forward for fair deal in Budget

  15-01-2021 13:17 via zeenews.india.com
  
  The federation has also asked for industry status for the tourism industry across the country, by putting it in the concurrent list, it added.
  
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• Prioritise spending, boost infrastructure, sell PSUs: Raghuram Rajan on Budget

  15-01-2021 13:13 via zeenews.india.com
  
  The upcoming Budget for the fiscal year beginning April 1 should look to provide "relief to the poorer households and small and medium enterprises," he said.
  
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• Naredco seeks hike in deduction on home loan interest to Rs 5 lakh in upcoming Budget

  15-01-2021 13:10 via zeenews.india.com
  
  The association also sought incentives for rental housing and more stress funds to help complete distressed and stalled projects.
  
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• Railway Budget 2021: Will there any big bonanza for Indian Railways? Here's what's in store

  15-01-2021 12:31 via zeenews.india.com
  
  For the Rail Budget, the government may this year focus more on private trains.
  
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• Credit card spends cross pre-Covid levels

  15-01-2021 12:01 via timesofindia.indiatimes.com
  
  Credit card spends cross pre-Covid levels
  
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• Sensex slips 549 points on profit booking; Nifty settles below 14,450

  15-01-2021 11:49 via timesofindia.indiatimes.com
  
  Equity indices slipped on Friday with the benchmark BSE sensex falling nearly 550 points amid profit booking. Sensex plunged 549 points or 1.11 per cent to close at 49,035; while the broader NSE Nifty moved 162 points or 1.11 per cent lower to settle at 14,434.
  
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• Sovereign Gold Bond Scheme 2020-21 series X: Last day to buy gold at great prices today

  15-01-2021 11:02 via zeenews.india.com
  
  The Sovereign Gold Bond Scheme 2020-21 series X, which opened for subscription on Monday (January 11, 2020), closes today (Friday, January 15).
  
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• Bond yields rise in absence of OMO announcement

  15-01-2021 10:29 via timesofindia.indiatimes.com
  
  India’s benchmark bond yield rose on Friday to a three-week high as a lack of an open market operation announcement disappointed investors ahead of a debt sale and variable rate reverse repo auction later in the day. The Reserve Bank of India (RBI) last week said it would conduct a variable rate reverse repo auction for Rs 2 lakh crore ($27 billion) on January 15 on review of the evolving liquidity and financial conditions.
  
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• #39;Budget 2021 likely to set strong course for V shaped recovery, ensure fiscal consolidation path with focus on these 7 segments#39;

  15-01-2021 10:20 via moneycontrol.com
  
  The Government will have to take on the mantle of pump priming the growth by focusing on reviving demand both by making investment and by putting more money in the hands of the consumer.
  
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• Bitcoins worth Rs 9 crore seized Bengaluru hacker

  15-01-2021 09:58 via timesofindia.indiatimes.com
  
  The Karnataka Police has seized Bitcoins worth Rs 9 crore from a 25-year-old hacker, Bengaluru joint commissioner of police (crime) Sandeep Patil informed on Friday. The hacker, Srikrishna alias Shreeki, was arrested on November 18 for allegedly breaking into government websites, online gaming portals and websites.
  
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• 'India took decisive steps to deal with Covid'

  15-01-2021 09:43 via timesofindia.indiatimes.com
  
  IMF chief Kristalina Georgieva has praised India for taking "very decisive" steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.If you look at mobility indicators, we are almost where we were before Covid in India, meaning that economic activities have been revitalised quite significantly,” she said.
  
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• At 18 lakh, car sales crash to 10-year low in April-December

  15-01-2021 08:40 via timesofindia.indiatimes.com
  
  According to numbers released by industry body Siam, sales of passenger vehicles — a cumulative of cars, SUVs, MPV/UVs — stood at 17.8 lakh units in April-December, the lowest in a decade since the 18.1 lakh units sold in the same period of FY11. Two-wheelers sales in nine months of this fiscal stood at 107.7 lakh units, lowest since 109.4 lakh units seen in 2013-14.
  
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• At 18 lakh, car sales crash to 10-year low

  15-01-2021 08:40 via timesofindia.indiatimes.com
  
  According to numbers released by industry body Siam, sales of passenger vehicles — a cumulative of cars, SUVs, MPV/UVs — stood at 17.8 lakh units in April-December, the lowest in a decade since the 18.1 lakh units sold in the same period of FY11. Two-wheelers sales in nine months of this fiscal stood at 107.7 lakh units, lowest since 109.4 lakh units seen in 2013-14.
  
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• India may not need sovereign rate cut but require credible debt management roadmap: Experts

  15-01-2021 08:08 via moneycontrol.com
  
  Experts feel that “signals� would be clearer post the upcoming Budget 2021
  
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• Trump admin takes final swipes at Chinese cos

  15-01-2021 07:55 via timesofindia.indiatimes.com
  
  The Donald Trump administration in its waning days took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on nine more firms.
  
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• Inflation Analysis: Retail prices fell sharply in December. Here’s what happened

  15-01-2021 07:32 via moneycontrol.com
  
  Kitchen staples cooled retail inflation in December, but pulses played spoilsport.
  
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• India took decisive steps to deal with eco impact of Covid : IMF chief

  15-01-2021 07:27 via timesofindia.indiatimes.com
  
  IMF chief Kristalina Georgieva has praised India for taking "very decisive" steps to deal with the coronavirus pandemic and its economic consequences and asked the country to do more this year to support an accelerated transformation of the economy.If you look at mobility indicators, we are almost where we were before Covid in India, meaning that economic activities have been revitalised quite significantly,” she said.
  
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