Page 1026 - Economy & Policy News
MeitY issues draft norms to mobilise non-personal citizen data with govt
MeitY has issued a draft National Data Governance Framework to mobilise non-personal data of citizens for use by both public and private entities to improve services
 "MeitY issues draft norms to mobilise non-personal citizen data with govt")
Centre to develop framework to check fake reviews on e-commerce websites
Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews
 "Centre to develop framework to check fake reviews on e-commerce websites")
India to face wider coal crisis in Q2, worsening power outage risks: Report
India expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected
 "India to face wider coal crisis in Q2, worsening power outage risks: Report")
Monetary policy will be calibrated to rein in inflation: RBI annual report
Surplus to government fell due to large transfer to Contingency Fund
 "Monetary policy will be calibrated to rein in inflation: RBI annual report")
Reserve Bank balance sheet grew by 8.46 per cent in FY22: Annual report
The year ended with an overall surplus of Rs 30,307.45 crore as against Rs 99,122 crore in the previous year, the RBI annual report showed
 "Reserve Bank balance sheet grew by 8.46 per cent in FY22: Annual report")
Growth of shadow banks poses threat to financial stability: RBI report
Balance sheet expanded but asset quality deteriorated, says RBI report
 "Growth of shadow banks poses threat to financial stability: RBI report")
Focus on emerging risks in fintech space, says RBI annual report
"The central bank, while encouraging innovation, is also factoring in emerging risks in the fintech segment. Greater use of technology accentuates the concerns related to cyber security,"
 "Focus on emerging risks in fintech space, says RBI annual report")
Wheat markets still on the edge a fortnight after govt's export ban
The spike in prices seen since March-end prompted Meena to ignore repeated reminders to sell to government-run procurement centres, a decision he now regrets
 "Wheat markets still on the edge a fortnight after govt's export ban")
Power Min allows gencos to charge compensatory tariff for importing coal
Power plants constructed had asked the power ministry for pass through of the cost they are incurring due to costlier imported coal cost to the consumers
 "Power Min allows gencos to charge compensatory tariff for importing coal")
CBIC issues SOPs for recovering tax dues from insolvent companies
The CBIC said it has nominated a nodal officer to ensure filing of claims with the Insolvency and Bankruptcy Board of India (IBBI) within 90 days of the commencement of the process
 "CBIC issues SOPs for recovering tax dues from insolvent companies")
India's first semi-high speed freight train likely to run by December
Replicating the concept of Vande Bharat trains, the 16-coach 'Gati Shakti' train can clock 160 kmph and will be manufactured at the Integral Coach Factory (ICF) in Chennai.
 "India's first semi-high speed freight train likely to run by December")
Top headlines: Economic recovery underway: RBI; Aryan Khan absolved
The Narcotics Control Bureau on Friday cleared Aryan Khan, son of Bollywood actor Shah Rukh Khan, of all charges in the drugs-on-cruise case.
 "Top headlines: Economic recovery underway: RBI; Aryan Khan absolved")
Debut teams shine in IPL '22, but spike in brand value will have to wait
It will take consistent performances and sustained engagement with fans for Gujarat Titans and Lucknow Super Giants to get close to the brand value of Mumbai Indians
 "Debut teams shine in IPL '22, but spike in brand value will have to wait")
High WPI may put pressure on retail inflation, says RBI in annual report
The Reserve Bank said in its annual report said there is a risk of high wholesale price inflation (WPI) putting pressure on the retail inflation, albeit with a lag
 "High WPI may put pressure on retail inflation, says RBI in annual report")
Structural reforms essential for sustained, balanced, inclusive growth: RBI
RBI stressed that the future path of growth would be conditioned by addressing supply-side bottlenecks, calibrating monetary policy to bring down inflation and boosting capital spending
 "Structural reforms essential for sustained, balanced, inclusive growth: RBI")
Finance Ministry allows govt departments to carry over quarterly spending
The FinMin's missive to various departments comes at a time when the Centre's fiscal balance for FY23 is under immense pressure
 "Finance Ministry allows govt departments to carry over quarterly spending")
India's protectionist moves spark concern that rice may be next target
India has stockpiled more than enough rice and prices have been under control
 "India's protectionist moves spark concern that rice may be next target")
India has no plans to curb rice exports as local supplies surge: Report
India banned wheat exports on May 14, just days after New Delhi forecast record shipments of 10 million tonnes this year
 "India has no plans to curb rice exports as local supplies surge: Report")
India Q1 GDP growth likely slowed for the third consecutive quarter: Poll
Growth in Asia's third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year ago in a Reuters poll of 46 economists
 "India Q1 GDP growth likely slowed for the third consecutive quarter: Poll")
Strong demand powers Indian economy past record inflation, for now
The activity backed by stronger new orders was accompanied by a bump in output prices as producers started passing on high raw material costs to consumers
 "Strong demand powers Indian economy past record inflation, for now")