Page 1055 - Economy & Policy News
India to launch open e-commerce network to take on Amazon, Walmart
The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use
 "India to launch open e-commerce network to take on Amazon, Walmart")
Govt cancels some passenger trains to make way for coal amid power crisis
India has canceled some passenger trains to allow for faster movement of coal carriages as the nation scrambles to replenish depleting inventories at power plants\
 "Govt cancels some passenger trains to make way for coal amid power crisis")
RBI modifies norms for banks on short term crop loan scheme under KCC
In order to provide short term crop loans up to Rs 3 lakh to farmers at an interest rate of 7 per cent per annum, the government offers interest subvention of 2 per cent annually to banks
 "RBI modifies norms for banks on short term crop loan scheme under KCC")
Sri Lanka crisis opens tea export opportunity that India may miss
Sri Lanka mainly produces orthodox tea, which tends to be harvested and processed by hand. It is popular with tea drinkers in Russia and some eastern European countries.
 "Sri Lanka crisis opens tea export opportunity that India may miss")
Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report
The government will not increase retail prices of urea and also provide adequate subsidies to ensure that the maximum retail prices of non-urea fertilisers remain at the present level, sources said
 "Fertiliser subsidy may go up 55% to record Rs 2.5 trn in FY23: Report")
Maharashtra to lose Rs 30,000 cr if GST compensation not extended: Official
If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs 30,000 crore annually, a senior official said
 "Maharashtra to lose Rs 30,000 cr if GST compensation not extended: Official")
Your shopping bill to get even higher. Blame Indonesia's palm oil ban
The move adds to the impact of Russia's invasion of Ukraine, which plunged the global edible oil market into disarray.
 "Your shopping bill to get even higher. Blame Indonesia's palm oil ban")
FinMin 'embarrassed' PM by putting out GST dues: Chidambaram
Senior Congress leader P Chidambaram took a dig at the Centre over the Rs 78,704 crore it owes to the states in GST compensation
 "FinMin 'embarrassed' PM by putting out GST dues: Chidambaram")
IP protection: India among most challenging economies, says USTR
India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said
 "IP protection: India among most challenging economies, says USTR")
Decoding the link between coal policy changes and the power crunch in India
Coal supply reforms are medium term, but they have created an immediate surge in demand. The result is a power crisis
 "Decoding the link between coal policy changes and the power crunch in India")
What is India-EU Trade and Technology Council?
India and the European Union agreed to establish a Trade and Technology Council early this week. What it is and what both sides will gain from it, watch this report to know more.
 "What is India-EU Trade and Technology Council?")
Centre allocates 207MW of additional power to J-K to meet increasing demand
In order to meet the increasing electricity demand, the Centre has allocated 207MW of additional power to Jammu and Kashmir.
 "Centre allocates 207MW of additional power to J-K to meet increasing demand")
Centre tells states to step up coal imports for three years: Report
The decision to boost imports underscores the severity of India's fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years
 "Centre tells states to step up coal imports for three years: Report")
100 cities in six months: Govt's ambitious ONDC pilots today
UPI equivalent for e-commerce will help create a robust playbook
 "100 cities in six months: Govt's ambitious ONDC pilots today")
A core problem in domestic oil: Widening gap between targets and output
A persistent gap between output and targets has played its part in subdued core-sector growth
 "A core problem in domestic oil: Widening gap between targets and output")
Govt hikes non-urea fertiliser subsidy to Rs 61,000 cr for 6 mths of FY23
The per-bag subsidy on DAP has been raised by 50% from last fiscal
 "Govt hikes non-urea fertiliser subsidy to Rs 61,000 cr for 6 mths of FY23")
US aviation watchdog likely to maintain highest safety rating for India
A continuation of the highest standard by the FAA will be a relief for Indian airlines especially the Tata group which intends to increase Air India flights on India-US routes
 "US aviation watchdog likely to maintain highest safety rating for India")
Global funds likely to contest I-T dept's order on tax treaty misuse
The I-T department observes irregularities in tax filings of 2013-14, 2014-15, and 2015-16
 "Global funds likely to contest I-T dept's order on tax treaty misuse")
Reserve Bank of India may curb first-loss default guarantees
Only regulated entities, rated arrangements can pass muster
 "Reserve Bank of India may curb first-loss default guarantees")
Consider impact on other nations before imposing sanctions: FM Sitharaman
She also blamed rising commodity prices due to Russia-Ukraine war for the high inflation
 "Consider impact on other nations before imposing sanctions: FM Sitharaman")