Page 1078 - Economy & Policy News
NHAI settled 60 disputes for Rs 4,076 cr vs claims of Rs 14,590 in FY22
The authority had settled disputes worth Rs 14,207 crore for Rs 5,313 crore in FY21, with settlement amount being 37% of claimed amount
 "NHAI settled 60 disputes for Rs 4,076 cr vs claims of Rs 14,590 in FY22")
'Pew's view that 75 mn pushed into poverty is an opinion survey'
"As India has eliminated low-income poverty and has become a lower-middle income country, it's more useful to start using the $3.2/day poverty line"
 "'Pew's view that 75 mn pushed into poverty is an opinion survey'")
HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers
Under the new MoU, "HAL will convert pre-owned civil passenger aircraft into air refuelling aircraft with cargo and transport capabilities," the IAF said.
 "HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers")
Mumbai: Kamathipura 2.0 - from shanty locality to prized real estate
Kamathipura was originally built 150 years ago following construction of a causeway to connect the seven islands of Mumbai
 "Mumbai: Kamathipura 2.0 - from shanty locality to prized real estate")
Inflation woes: 10-year bond yield near 7% ahead of RBI MPC meet
The yield on the 10-year benchmark government bond closed at 6.92 per cent on Wednesday, up from the previous close of 6.90 per cent
 "Inflation woes: 10-year bond yield near 7% ahead of RBI MPC meet")
As multiple crises hit, a case for fresh economic assessment to Parliament
Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily
 "As multiple crises hit, a case for fresh economic assessment to Parliament")
India share of global green bonds off highs despite record issuance in 2021
The money raised in 2021 is 58.1% higher than $4.3 billion raised in 2017. A lower share would indicate that other countries have been making more use of the mechanism
 "India share of global green bonds off highs despite record issuance in 2021")
India-Aus trade pact will boost bilateral trade to $100 bn by 2030: Goyal
The Economic Cooperation and Trade Agreement signed by India, Australia is expected to boost bilateral trade between the countries to $100 bn by 2030 from the current $26-27 bn, Piyush Goyal said
 "India-Aus trade pact will boost bilateral trade to $100 bn by 2030: Goyal")
At least 58% of corporate staffers have one non-communicable disease: Study
48% carry risk of high cholesterol, 18% could become obese, said research by Apollo Hospitals
 "At least 58% of corporate staffers have one non-communicable disease: Study")
Average power price on Indian Energy Exchange hits 13-year high in March
Power demand during March rose at the fastest pace in three months, with electricity shortages the worst since October due to soaring temperatures and a sharp uptick in economic activity
 "Average power price on Indian Energy Exchange hits 13-year high in March")
Office space leasing up 25% at 11 msf in March quarter: Knight Frank
Bengaluru remained the biggest market with total office space leasing of 3.5 msf of office space, followed by Delhi-NCR which recorded 2.3 msf of gross leasing in the first three months of 2022
 "Office space leasing up 25% at 11 msf in March quarter: Knight Frank")
India, Australia should look at $100 bn bilateral trade by 2030: Goyal
Commerce and Industry Minister Piyush Goyal has said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.
 "India, Australia should look at $100 bn bilateral trade by 2030: Goyal")
Delhi, NCR CNG price up by Rs 2.5 per kg; total increase at Rs 6.6 per kg
In a month, the CNG prices have been revised seven times, which comes on the back of a surge in gas prices globally
 "Delhi, NCR CNG price up by Rs 2.5 per kg; total increase at Rs 6.6 per kg")
India's services sector expands at fastest pace so far this year in March
The S&P Global India Services Purchasing Managers' Index rose to 53.6 in March from 51.8 in February, beating the 52.5 estimate in a Reuters poll.
 "India's services sector expands at fastest pace so far this year in March")
'Better late than never', says Piyush Goyal on India-Australia trade deal
Goyal underlined the importance of the India-Australia Economic Cooperation and Trade Agreement, saying even though the agreement was signed a bit late but its "better late than never."
 "'Better late than never', says Piyush Goyal on India-Australia trade deal")
India's economy to grow by 7.5% in FY23; to pick-up to 8% in FY24: ADB
Asian Development Bank on Wednesday projected a seven per cent collective growth for South Asian economies in 2022
 "India's economy to grow by 7.5% in FY23; to pick-up to 8% in FY24: ADB")
RBI to wait at least until August to raise repo rate: Economists
Inflation has held above the RBI's 6% upper threshold so far this year, casting doubt on its current strategy of keeping rates low to bolster growth
 "RBI to wait at least until August to raise repo rate: Economists")
Garcetti's handling of sexual harassment case imperils his India envoy job
The White House has continued to stand by the nomination of Garcetti, 51, who served as co-chair of Biden's presidential campaign.
 "Garcetti's handling of sexual harassment case imperils his India envoy job")
Petrol, diesel prices hiked by 80 paise; total rise at Rs 10 per litre
In Mumbai, the petrol and diesel prices per litre are at Rs 120.51, increasing by 84 paise & Rs 104.77, up 85 paise
 "Petrol, diesel prices hiked by 80 paise; total rise at Rs 10 per litre")
Textile, yarn firms demand duty-free cotton imports on dwindling supplies
Pipeline stocks will last for just about three-four months, companies say
 "Textile, yarn firms demand duty-free cotton imports on dwindling supplies")