Page 1091 - Economy & Policy News
New Investment Policy-2012 for three fertiliser plants extended
The cost of the three HURL urea projects is Rs 25,120 crore. GAIL is supplying natural gas to these three units.
 "New Investment Policy-2012 for three fertiliser plants extended")
India's CUET likely to be largest university entrance exam in the world
In 2019-20, as per UDISE data, 12.7 million students were enrolled in Class XII across the country
 "India's CUET likely to be largest university entrance exam in the world")
Par panel cautions govt against early euphoria over NPA reduction
Cautioning the govt against any early euphoria with regards to reduction in NPA in banking sector, a Parliamentary panel on Tuesday said that bad loans may go up due to some lag Covid pandemic impact
 "Par panel cautions govt against early euphoria over NPA reduction")
In a bid to boost relations, Australia to invest over $280 million in India
The Australian govt will provide additional investment worth $16.6 mn to strengthen linkages with India's key policy and finance institutions and $8.9 mn to support enhanced business engagement
 "In a bid to boost relations, Australia to invest over $280 million in India")
GST on insurance premiums should be reduced to 5% or nil: SBI Research
Govt may look to reduce GST on insurance premiums and enrol the workers of MNREGA under the PMJJBY, PMSBY to increase insurance penetration
 "GST on insurance premiums should be reduced to 5% or nil: SBI Research")
Centre to hold high-level meeting on Thursday to boost wheat exports
Move follows rising global demand for Indian wheat due to the Russia-Ukraine crisis
 "Centre to hold high-level meeting on Thursday to boost wheat exports")
PM Modi speaks to Boris Johnson on Ukraine situation, bilateral issues
Modi expressed his satisfaction at the positive momentum in the ongoing negotiations on the bilateral free trade agreement
 "PM Modi speaks to Boris Johnson on Ukraine situation, bilateral issues")
ManpowerGroup's hiring outlook for Q2CY2022 declines by 11 pps QoQ
ManpowerGroup Employment Outlook Survey: The dip in hiring outlook over the previous two quarters is being attributed to geopolitical instability coupled with rising inflation
 "ManpowerGroup's hiring outlook for Q2CY2022 declines by 11 pps QoQ")
Par panel says food subsidy still very high, scope for further reduction
The Committee note that allocation of funds - in respect of food subsidy during 2021-22 is Rs 2,90,573.11 crore but actual expenditure as on February 11, 2022, is Rs 2,20,445.61 crore only
 "Par panel says food subsidy still very high, scope for further reduction")
Ensure greater transparency in mineral concession auction: Parliament panel
A parliamentary panel has suggested that greater transparency should be ensured in the auction of mineral concessions with pre-embedded clearances to give a fillip to the auction process
 "Ensure greater transparency in mineral concession auction: Parliament panel")
Rupee pares losses to settle flat at 76.18 against US dollar
At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18
 "Rupee pares losses to settle flat at 76.18 against US dollar")
Delhi-Mumbai, other key expressways to be completed by December: Gadkari
Earlier, the minister had reportedly said the govt plans to increase the speed of construction to 50 km per day
 "Delhi-Mumbai, other key expressways to be completed by December: Gadkari")
India ranks 51st in global list of annual rise in housing prices
Knight Frank said that India has climbed up five spots to the 51st rank in Q4 of 2021 against the 56th rank in Q4 of 2020
 "India ranks 51st in global list of annual rise in housing prices")
Indian companies report optimistic hiring outlook for Apr-Jun qtr: Survey
Employers in India continue to report bullish hiring outlook for the April-June quarter, with 38 per cent of companies planning to add more staff in the next three months, a survey said
 "Indian companies report optimistic hiring outlook for Apr-Jun qtr: Survey")
Australia to invest over $280 mn to boost economic cooperation with India
In 2020, India was Australia's seventh-largest trading partner, with two-way trade valued at $24.3 billion, and the sixth-largest goods and services export market, valued at $16.9 billion
 "Australia to invest over $280 mn to boost economic cooperation with India")
Fitch slashes FY23 India growth forecast to 8.5% on high energy prices
Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing sharply high energy prices on account of the Russia-Ukraine war.
 "Fitch slashes FY23 India growth forecast to 8.5% on high energy prices")
What does Japan's $42 billion investment mean for India?
On his first visit to India, Japanese Prime Minister Fumio Kishida pledged an investment of $42 billion over the next five years. So, what are the specifics of this fresh investment? Let us find out
 "What does Japan's $42 billion investment mean for India?")
RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday
Treasury executives say liquidity surplus continues to be sizeable
 "RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday")
RBI continues to support growth, rupee: Governor Shaktikanta Das
India comfortably placed to deal with spill-overs from Ukraine crisis, says Das
 "RBI continues to support growth, rupee: Governor Shaktikanta Das")
Poor man's fuel kerosene sees sharp rise in price even as usage dips
Domestic consumption has been coming down in recent years
 "Poor man's fuel kerosene sees sharp rise in price even as usage dips")