Page 1058 - Economy & Policy News
Fund utilisation of minority schemes slowed amid Covid pandemic, shows data
Expenditures under other schemes, such as grants-in-aid for the Maulana Azad Educational Foundation, have also been declining in the last few years
 "Fund utilisation of minority schemes slowed amid Covid pandemic, shows data")
Expense on manpower unsustainable; surrender posts: Railway board to zones
The employees in such posts should be redeployed where there is a need for manpower and, if required, some of the work can be outsourced, the board has said
 "Expense on manpower unsustainable; surrender posts: Railway board to zones")
India's May palm oil imports on track despite Indonesia's curbs: Traders
India's palm oil imports in May are set to rise above 600,000 tonnes despite the restriction imposed by Indonesia on exports
 "India's May palm oil imports on track despite Indonesia's curbs: Traders")
Over 32.79 lakh foreigners visited India in 2020 during Covid lockdown
Among the foreigners who visited India included 4,751 Pakistani nationals
 "Over 32.79 lakh foreigners visited India in 2020 during Covid lockdown")
Railway must pay if person falls off crowded train, gets injured: Bombay HC
A single bench of Justice Bharati Dangre directed the Western Railways to pay Rs 3 lakh to a 75-year-old man who suffered injuries to his leg after falling off an overcrowded local train
 "Railway must pay if person falls off crowded train, gets injured: Bombay HC")
India's position is clear on Russia-Ukraine conflict: S Jaishankar
India has a clear position on the ongoing Russia-Ukraine war, External Affairs Minister S Jaishankar said
 "India's position is clear on Russia-Ukraine conflict: S Jaishankar")
Real-time payments expected to boost India's GDP by $45.9 bn in 2026
The widespread adoption of real-time payments resulted in estimated cost savings of $12.6 billion for Indian businesses and consumers in 2021
 "Real-time payments expected to boost India's GDP by $45.9 bn in 2026")
Russia and India in talks to restart coking coal supplies: Report
Imports make up around 85% of India's overall coking coal needs, which total 50-55 million tonnes a year, and New Delhi last year signed a deal to import from Russia.
 "Russia and India in talks to restart coking coal supplies: Report")
RBI to hike repo rate in June, earlier than previously thought: Poll
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
 "RBI to hike repo rate in June, earlier than previously thought: Poll")
Recovery tracker: More Indians Stepping out, vehicle registrations go up
With more people venturing out, traffic congestion increased in major cities in the country last week, shows data from global location technology firm TomTom International
 "Recovery tracker: More Indians Stepping out, vehicle registrations go up")
Weapon readiness on Naval Commanders' Conference 2022's agenda
The naval commanders were shown videos of weapon engagement and missile firing drills carried out in the Arabian Sea during the preceding fortnight
 "Weapon readiness on Naval Commanders' Conference 2022's agenda")
Millions of Indians exiting labour force no longer looking for jobs: CMIE
Now, more than half of the 900 million Indians of legal working age -- roughly the population of the US and Russia combined -- don't want a job, according to the CMIE
 "Millions of Indians exiting labour force no longer looking for jobs: CMIE")
Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export
This could also be beneficial to the Indian local refining industry as any move to curb import of refined oils boosts domestic oilseeds crushing and refining
 "Indian edible oil mkt relieved, Indonesia not to ban crude palm oil export")
India, European Union agree to establish Trade and Technology Council
Trade and Technology Council is being set up to provide political-level oversight into the India-EU relationship
 "India, European Union agree to establish Trade and Technology Council")
No feedback sought from states on hiking GST rates, says finance ministry
It further said views of the states were sought generally on the Terms of References (ToRs) of the Group of Ministers (GoM) soon after it was set up in September 2021
 "No feedback sought from states on hiking GST rates, says finance ministry")
Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker
MSMEs' double-digit revenue growth will be powered by improved price realisation
 "Chemical MSMEs to log robust growth, margins stressed: CRISIL SME Tracker")
India buys more than double '21 total of Russian oil since war
Refiners in India have placed orders for at least 40 million barrels of Russian oil since the invasion on Feb. 24
 "India buys more than double '21 total of Russian oil since war")
Wheat export push under cloud as procurement drops by over 35% till Apr 24
Production too is estimated to be lower than the earlier projection of 111 million tonnes
 "Wheat export push under cloud as procurement drops by over 35% till Apr 24")
Raising policy rates is not anti-national, RBI will have to do it: Rajan
Inflation is up in India. At some point, the RBI will have to raise rates, like the rest of the world is doing, Rajan said
 "Raising policy rates is not anti-national, RBI will have to do it: Rajan")
Bond yields fall 14 bps on less hawkish stance by monetary policy committee
Fall in global crude oil prices also leads to a sharp decline in bond yields
 "Bond yields fall 14 bps on less hawkish stance by monetary policy committee")