Page 1021 - Economy & Policy News
India weighs appellate panel to hear grievances for social media takedowns
India is considering whether to set up an appellate panel to hear grievances by social media users against operators' decisions to take down content
 "India weighs appellate panel to hear grievances for social media takedowns")
Rising tomato prices: Next big risk to India's fight against inflation?
The average retail price of tomatoes in India has jumped 70% from a month ago and 168% from a year earlier to Rs 53.75 a kilogram as of Tuesday
 "Rising tomato prices: Next big risk to India's fight against inflation?")
As world struggles with energy and climate crises, these batteries can help
As the market for EV batteries expands and evolves, large industrial-scale powerpacks - energy storage systems, or ESS - are being overlooked as a potential solution to this power crunch
 "As world struggles with energy and climate crises, these batteries can help")
The math goes all wrong for fuel retailers despite sustained oil price hike
Demand destruction led by Covid-19 and the EV push, cutback in retail prices could end up making the business of running fuel stations unviable
 "The math goes all wrong for fuel retailers despite sustained oil price hike")
Covid cut Indian women out of the job market, putting $6 trillion at stake
India is an extreme illustration of a global phenomenon. Across the world, women were more likely than men to lose jobs during the pandemic, and their recovery has been slower
 "Covid cut Indian women out of the job market, putting $6 trillion at stake")
Cotton rally squeezes Asian garment makers, threatens recovery from Covid
Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations
 "Cotton rally squeezes Asian garment makers, threatens recovery from Covid")
Aadhaar a 'bedrock' for govt welfare schemes, saved over Rs 2 trn: NITI
Aadhaar has become the "bedrock" for the government's welfare schemes and has saved over Rs 2 trillion to the government by "eliminating fake and duplicate identities", says NITI Aayog CEO
 "Aadhaar a 'bedrock' for govt welfare schemes, saved over Rs 2 trn: NITI")
Fuelled by coal demand, Railways earns Rs 14,000 crore from freight in May
This is the 21st consecutive month of the national transporter topping its own freight loading record
 "Fuelled by coal demand, Railways earns Rs 14,000 crore from freight in May")
After 13-quarter high in Q3, current account deficit may have eased in Q4
Net exports, which are considered a proxy for current account deficit, declined 2.9% of the GDP in the March quarter
 "After 13-quarter high in Q3, current account deficit may have eased in Q4")
Consultation paper on digital assets may not lead to cryptocurrency policy
The government has also raised concern over complying with Financial Action Task Force (FATF) guidelines and discussed it with other countries, according to an official
 "Consultation paper on digital assets may not lead to cryptocurrency policy")
Is the Indian economy out of the woods?
The central govt mopped up Rs 1.41 tr as GST collection in May, way above the FY22 average of Rs 1.23 tr. Auto sector also reported improved sales. Do these reflect a revival in Indian economy?
 "Is the Indian economy out of the woods?")
Co-op societies can now procure goods from public procurement portal GeM
The decision is expected to help cooperatives in getting competitive prices through an open and transparent process
 "Co-op societies can now procure goods from public procurement portal GeM")
Don't expect CRR hike in next RBI policy review, says SBI chairman
Loan growth could be better than in previous fiscal
 "Don't expect CRR hike in next RBI policy review, says SBI chairman")
GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase
In April, GST collections had touched a record high of Rs 1.68 trillion, surpassing the Rs 1.5-trillion mark for the first time
 "GST collections slip below Rs 1.5-trn mark in May despite 44% YoY increase")
Supreme Court junks NGT order on Visakhapatnam tourism project
HC to prevail as it is above green tribunal: Apex court
 "Supreme Court junks NGT order on Visakhapatnam tourism project")
Record renewables output helps coal shortage in May despite power demand
Surging supply from renewables will go some way towards mitigating India's coal shortage amid extraordinarily rapid growth in demand
 "Record renewables output helps coal shortage in May despite power demand")
Manufacturing PMI steadies in May on increased orders despite inflation
PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April
 "Manufacturing PMI steadies in May on increased orders despite inflation")
India lines up banks for e-commerce effort to take on Amazon, Walmart
The success of ONDC, which would promise equal access to all online sellers and buyers regardless of their size, is a priority for PM Modi
 "India lines up banks for e-commerce effort to take on Amazon, Walmart")
Top headlines: May GST revenues up 44%; Manufacturing PMI steadies in May
India's manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices.
 "Top headlines: May GST revenues up 44%; Manufacturing PMI steadies in May")
Making urban MNREGA workable: A question of getting the structure right
The urban population is more educated and generally has a different set of job preferences than the rural
 "Making urban MNREGA workable: A question of getting the structure right")