Page 1098 - Economy & Policy News
Budget to yield dividends for years; pvt sector should invest: RBI article
The article also said that while the post-pandemic debt consolidation will rely primarily on GDP growth, it needs to be complemented by fiscal consolidation
 "Budget to yield dividends for years; pvt sector should invest: RBI article")
India making steady progress, global crisis notwithstanding: RBI article
The article in the RBI Bulletin on 'State of the Economy' said, 'unfolding global developments nevertheless pose downside risks in terms of spillovers.'
 "India making steady progress, global crisis notwithstanding: RBI article")
Unfolding global developments pose risks to Indian economy, says RBI
The RBI also said that a rapid and large withdrawal of fiscal support risks pushing the economy over the cliff into a sharp downturn
 "Unfolding global developments pose risks to Indian economy, says RBI")
India's gold mine output 1.6 tonnes in 2020; may rise to 20 tonnes/yr: WGC
India's gold mine production stood at a mere 1.6 tonnes in 2020 but could rise to 20 tonnes per year in the long-term, World Gold Council said on Thursday.
 "India's gold mine output 1.6 tonnes in 2020; may rise to 20 tonnes/yr: WGC")
FHRAI seeks reduced GST rates for revival of hospitality industry
Hotel and restaurant body FHRAI has sought reduction in GST rates for the hospitality industry, as the sector struggles to recover from the impact of the pandemic-induced restrictions.
 "FHRAI seeks reduced GST rates for revival of hospitality industry")
India adds 1.2 GW open access solar capacity in 2021: Mercom India
India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India.
 "India adds 1.2 GW open access solar capacity in 2021: Mercom India")
Participating states of Narmada project yet to pay Rs 7,000 cr to Gujarat
Participating states of the Sardar Sarovar Narmada project are yet to pay over Rs 7,000 crore to Gujarat, where the dam on Narmada river is located
 "Participating states of Narmada project yet to pay Rs 7,000 cr to Gujarat")
Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil
The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.
 "Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil")
Sugar exports jump over 2.5-fold to 4.7 mn tonnes in Oct 21-Feb 22: ISMA
Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market
 "Sugar exports jump over 2.5-fold to 4.7 mn tonnes in Oct 21-Feb 22: ISMA")
UPI open architecture limits fintech growth in other fin services: Moody's
Despite their dominance, fintechs do not have exclusive access to transaction data on the UPI as banks play a critical role in executing UPI transactions
 "UPI open architecture limits fintech growth in other fin services: Moody's")
Will India emerge as key global player in wheat after sanctions on Russia?
India's role in maintaining food security on the global stage could significantly increase if it succeeds in expanding its marketshare of wheat. New Delhi is already the largest exporter of rice
 "Will India emerge as key global player in wheat after sanctions on Russia?")
India's gold output could rise multifold if hurdles removed: WGC report
The South Asian country is the world's second-biggest consumer of the metal and fulfils most of its demand through imports.
 "India's gold output could rise multifold if hurdles removed: WGC report")
Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports
Hindustan Petroleum Corp Ltd has made a rare purchase of 2 million barrels of Russian Urals crude for loading in May, trade sources said.
 "Indian refiner Hindustan Petroleum buys rare Russian Urals crude: Reports")
India may import 15 million barrels of cheap Russian oil
Doesn't violate sanctions but on wrong side of history: US
 "India may import 15 million barrels of cheap Russian oil")
Scaling new highs: ATF past Rs 100,000-mark for first time in history
Airlines unlikely to pass on Jet fuel price hike to customers
 "Scaling new highs: ATF past Rs 100,000-mark for first time in history")
Oil importers India, Thailand to be hit hardest by Ukraine crisis: S&P
The biggest risk of the Ukraine conflict is market volatility and higher commodity prices; emerging economies with large energy imports are most at risk, S&P said in a report.
 "Oil importers India, Thailand to be hit hardest by Ukraine crisis: S&P")
REC partners EPIC India to improve performance of discoms
State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities.
 "REC partners EPIC India to improve performance of discoms")
Income tax dept issues refunds of over Rs 1.92 trillion till March 15
The income tax department on Wednesday said income tax refunds worth over Rs 1.92 trillion have been issued to more than 2.24 crore taxpayers so far this fiscal.
 "Income tax dept issues refunds of over Rs 1.92 trillion till March 15")
Parl panel red flags irregularities observed in irrigation projects
The Centre's AIBP aims to provide financial assistance to state governments to help speed up implementation of on-going irrigation projects.
 "Parl panel red flags irregularities observed in irrigation projects")
India-UAE trade pact: Bilateral trade projected to touch $100 bn in 5 years
The bilateral trade in goods is projected to increase from the current $60 billion to $100 billion annually within five years of the implementation of the India-UAE free trade agreement
 "India-UAE trade pact: Bilateral trade projected to touch $100 bn in 5 years")