Page 1022 - Economy & Policy News
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")
Turkey rejects Indian wheat consignment on phytosanitary concerns: Report
Turkey's decision comes at a time when international buyers have been looking to secure supplies of wheat
 "Turkey rejects Indian wheat consignment on phytosanitary concerns: Report")
Fearing rate hikes, consumers may front load purchases in niche areas: SBI
Customers, especially in retail verticals could be having a feel of future run expected in interest rates, and might be front loading their purchases in days to come, said SBI Research in a report
 "Fearing rate hikes, consumers may front load purchases in niche areas: SBI")
Price of commercial LPG cylinders reduced by Rs 102.50 starting Jan 1
Domestic LPG cylinder price has been left unchanged
 "Price of commercial LPG cylinders reduced by Rs 102.50 starting Jan 1")
PMI: India's May factory activity remained strong despite high inflation
Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices
 "PMI: India's May factory activity remained strong despite high inflation")
Centre puts oil pipeline monetisation on hold as PSUs resist: Report
According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business
 "Centre puts oil pipeline monetisation on hold as PSUs resist: Report")
Govt slashes base import price of palm oil; raises rate of soyoil
India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement
 "Govt slashes base import price of palm oil; raises rate of soyoil")
Why does India face a recurring power shortage despite enough coal stock?
India has been witnessing a mismatch between demand and supply of coal. With increasing power demand, there can be more shortage in September quarter. Why is coal not reaching power plants?
Why does India face a recurring power shortage despite enough coal stock?
India has been witnessing a mismatch between demand and supply of coal. With increasing power demand, there can be more shortage in September quarter. Why is coal not reaching power plants?
 "Why does India face a recurring power shortage despite enough coal stock?")
Housing price index records slower annual growth in Q4, says RBI
The y-o-y movements in HPI varied widely across the cities - ranging from a growth of 19.2 per cent (Kolkata) to a contraction of 11.3 per cent (Bengaluru), Reserve Bank of India said in a statement
 "Housing price index records slower annual growth in Q4, says RBI")
Around 31 mn households demand work under MGNREGA in May, up 11% YoY
The figure is also much higher than the corresponding pre-Covid period, data shows
 "Around 31 mn households demand work under MGNREGA in May, up 11% YoY")
India's core sector output rises to six-month high of 8.4% in April
The eight sectors - coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil - comprise two-fifths of India's total industrial production
 "India's core sector output rises to six-month high of 8.4% in April")
India's per capita income remains below pre-Covid level in 2021-22
However, the per capita income based on Net National Income (NNI) at constant price grew by 7.5 per cent in FY22 over the previous year.
 "India's per capita income remains below pre-Covid level in 2021-22")
Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%
April saw revenue surplus of Rs 591 crore
 "Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%")
IMF may lower India's GDP growth projection for 2022 to below 8.2%
The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April
 "IMF may lower India's GDP growth projection for 2022 to below 8.2%")
India's farm sector clocks 4.1% growth in Q4 of FY22, shows data
Any growth between 3.5 and 4 per cent for the farm sector is considered above the long-term trend line
 "India's farm sector clocks 4.1% growth in Q4 of FY22, shows data")
India is better placed than others to face inflation, says CEA Nageswaran
Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation
 "India is better placed than others to face inflation, says CEA Nageswaran")
Centre hikes premium for flagship insurance schemes as claims rise
Premium raised first time in seven years, will make schemes viable and encourage more private insurers to join
 "Centre hikes premium for flagship insurance schemes as claims rise")
Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan
To compensate for impact of over Rs 1.5 trn on account of measures announced to rein in inflation, including cut in fuel prices and Customs duty exemption: Somanathan
 "Revenue spend may be cut to limit slippage: Finance secretary TV Somanathan")