Page 1008 - Economy & Policy News
Share a new plan to monetise assets within 15 days: Govt tells oil PSUs
The govt has asked state-run oil and gas cos to share a new plan for asset monetisation after the original plan to monetise pipelines through infrastructure investment trusts (InvITs) was shelved
 "Share a new plan to monetise assets within 15 days: Govt tells oil PSUs")
Govt to auction 5G spectrum for 20 yrs; allows private captive networks
The government will auction a total of 72097.85 MHz of spectrum with a validity of 20 years by July-end, said an official statement
 "Govt to auction 5G spectrum for 20 yrs; allows private captive networks")
Faulty invoices force scrutiny; govt delays PLI sops for smartphone makers
The invoices submitted by Samsung Electronics had some issues, which has led to deeper scrutiny by the govt and delayed the release of sops
 "Faulty invoices force scrutiny; govt delays PLI sops for smartphone makers")
Hopes for grand redemption of WTO fade as India sticks to fishing demands
Piyush Goyal told a meeting of delegates Tuesday that it would not bend on demands for extensive exceptions on a 20-year negotiation to curb harmful government fishery subsidies
 "Hopes for grand redemption of WTO fade as India sticks to fishing demands")
Difference between developed, emerging and frontier economies?
Investors looking for an international exposure need to understand various categories of economies and the risks involved. Find out the country categories and the things to note before investing there
 "Difference between developed, emerging and frontier economies?")
Will PM Modi's 'one million job' drive help ease the employment crisis?
PM Modi announced to recruit 10 lakh people in Central govt in the next 18 months. The govt also announced a radical recruitment plan for armed forces. Will these solve India's unemployment problem?
 "Will PM Modi's 'one million job' drive help ease the employment crisis?")
India's palm oil imports dip 33% in May to 514,022 tonne, says SEA
India, the world's leading vegetable oil buyer, imported 7,69,602 tonnes of palm oils in May 2021
 "India's palm oil imports dip 33% in May to 514,022 tonne, says SEA")
Sugar mills foresee output spike, want 8 mn tonne OGL exports next season
Urge timely decision on the matter as global prices are firm , and they can sign future contracts at good prices
 "Sugar mills foresee output spike, want 8 mn tonne OGL exports next season")
Irdai working group recommends relaxing investment norms for insurers
The panel has suggested having a single limit of expenses over and above the monitoring of solvency and enterprise level expense limit
 "Irdai working group recommends relaxing investment norms for insurers")
DoT extends 4G, 5G mandatory equipment testing deadline by 1 year
Move comes as a huge reprieve for telcos, gear makers
Anand Mahindra, Venu Srinivasan, two others inducted in RBI board
Members are not involved in monetary policy, four of them will end their terms in August-September.
 "Anand Mahindra, Venu Srinivasan, two others inducted in RBI board")
As states compete for investments, Gujarat's industrial clout keeps growing
Its lead in adding factory assets has widened even as states like Tamil Nadu do better on other parameters in nationwide competition for investments
 "As states compete for investments, Gujarat's industrial clout keeps growing")
WTO Ministerial: Can't agree to unfair text on fisheries deal, says Goyal
India wants to protect subsidies of several million low-income, poor traditional fishermen as it is a matter of livelihood for them
 "WTO Ministerial: Can't agree to unfair text on fisheries deal, says Goyal")
Taxing times for solar power as govt frowns at imports, pushes local
A new tax on solar equipment imports plus mandatory purchase of local modules will raise costs significantly and dim the outlook for meeting green energy targets
 "Taxing times for solar power as govt frowns at imports, pushes local")
Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation
Growth will improve in June quarter as consumption revives and Covid-19 cases continue falling, it says
 "Fitch sees another 100 bps policy rate hike by Dec, cites rising inflation")
WPI inflation in May accelerates to 15.88% on higher food prices
The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)
 "WPI inflation in May accelerates to 15.88% on higher food prices")
Irdai trims solvency margin for crop insurers; to unlock Rs 1,400 cr funds
Irdai expects that the effect of the relaxation will be positive on the industry as it will free up the capital, which can be utilised for underwriting more business
 "Irdai trims solvency margin for crop insurers; to unlock Rs 1,400 cr funds")
India's fuel demand up 22% YoY in May from low base in 2021: S&P Global
India's oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note.
 "India's fuel demand up 22% YoY in May from low base in 2021: S&P Global")
WPI inflation spikes to record 15.88% in May as heatwave stokes food prices
The Wholesale Price Index (WPI)-based inflation maintained its increasing trajectory for the third month in a row, and remained in double digits for the 14th consecutive month since April last year
 "WPI inflation spikes to record 15.88% in May as heatwave stokes food prices")
US Treasury bonds storm eases slightly but bear market still on prowl
US Treasury bonds have stormed world markets until recently. They have now eased up a bit with other commodities finding ground. Bear market meanwhile is still prowling
 "US Treasury bonds storm eases slightly but bear market still on prowl")