UP gets a whopping Rs 10,870.5 cr under Jal Jeevan Mission, highest allocation in history

New Delhi: The Centre has allocated a whopping Rs 10,870 crore to Uttar Pradesh under the Jal Jeevan Mission for 2021-22, the highest allocation so far to any state, the Ministry of Jal Shakti said on Saturday (June 12). The amount is more than four times what was allocated to the poll-bound state last year. The … Read more

Nirmala Sitharaman asks various ministries to front load capex; explore PPPs for viable projects – Times of India

NEW DELHI: Finance minister Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects. During a meeting with senior government officials to discuss the infrastructure roadmap, she also urged the ministries and their CPSEs to ensure clearance of … Read more

Economy hit by Covid-19 second wave to start recovering from July, says CEA Subramanian – Times of India

NEW DELHI: Chief economic advisor (CEA) KV Subramanian on Thursday said that the second wave of Covid-19 has affected the momentum of economic recovery. However, he also pointed that he expects a recovery in the economy from July onwards. “The second wave of Covid-19 has affected the momentum of economic recovery. We expect a recovery … Read more

With RBI keeping interest rates on hold, quantitative easing to unfold: Fitch – Times of India

SINGAPORE: Fitch Solutions has revised its forecast for the Reserve Bank of India (RBI) to keep its policy repurchase (repo) rate on hold at 4 per cent over the course of FY22 (April 2021 to March 2022) from its prior view for a 25 basis points cut to 3.75 per cent. This comes on the … Read more

Budget session may conclude before first phase of assembly polls: Sources

The Budget session of Parliament is likely to be cut short and may conclude before the first phase of elections on March 27, while the two Houses will resume their normal timing of 11 am onwards from Tuesday, sources said. Several parties had requested that the session, which was originally scheduled to continue till April … Read more

Education system must lift language barrier, let talent flourish: PM Narendra Modi | India News – Times of India

NEW DELHI: Prime Minister Narendra Modi on Wednesday stressed the need for the education system to overcome linguistic barriers so that talent from rural areas gets opportunity to flourish and said the new National Education Policy (NEP) will be implemented on a mission mode towards this purpose. Addressing a webinar on effective implementation of the … Read more

Companies ‘feel betrayed’ due to capping of Covid-19 vaccine price: Shaw – Times of India

NEW DELHI: Biocon Chairperson Kiran Mazumdar Shaw on Sunday hit out at the government capping Covid-19 vaccine price at Rs 250 at private hospitals, saying vaccine companies “feel betrayed” as it is too low to sustain. Reacting to a report that the health ministry has fixed Rs 250 per shot at private hospitals and health … Read more

Leading retailers step up gold jewellery hallmarking ahead of deadline

Leading jewellery retailers, including Tanishq, Malabar Gold & Diamonds, and Senco Gold & Diamonds, have stepped up gold jewellery hallmarking, which is set to become mandatory from June 1.“We have tied up with selected BIS accredited hallmarking centres, which we have ascertained, have good quality processes and appropriate capacity. We have commenced the process of … Read more

View: Is West Bengal’s economy really growing? Making sense of the state’s GDP numbers

While other states had to deal with the challenge of a Covid-instigated economic slowdown, West Bengal had to additionally deal with the May 2020 Amphan supercyclone and its disastrous economic impact. Synopsis But while Kerala’s budget shows a contraction, West Bengal shows a sharp 8% growth in nominal GDP, against a 4.2% contraction for India. … Read more

Modi backs bigger private sector role for self-reliance | India News – Times of India

NEW DELHI: PM Narendra Modi on Saturday exhorted states to join the Centre’s effort to expand the role of the private sector in giving a major push to self-reliance and called for a strong cooperation between the Centre and states to accelerate all-round development. “The private sector is coming forward with more enthusiasm in this … Read more