Page 1101 - Economy & Policy News
Chinese supply disruption unlikely to hit consumers, says survey
Of households that purchased China-made products during the period, over two-thirds consumers said they have reduced their purchases as compared to a year before.
 "Chinese supply disruption unlikely to hit consumers, says survey")
With Covid in the back seat, overseas tourism boards lure travelers
The boards are offering discounted tickets, new attractions and experiences
 "With Covid in the back seat, overseas tourism boards lure travelers")
India's sugar exports seen rising to 7.5 million tonnes in 2021-22
Indian sugar production was expected to climb to 33.3 million tonnes in the 2021/22 season, up from the prior season's 31.2 million: Director General of the Indian Sugar Mills Association
 "India's sugar exports seen rising to 7.5 million tonnes in 2021-22")
India plans Rs 24,000 cr sovereign green bond as economy goes low carbon
India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.
 "India plans Rs 24,000 cr sovereign green bond as economy goes low carbon")
Traders' body calls for introducing a regulator for e-commerce sector
CAIT says currently different e-commerce entities being regulated by different entities, resulting in a piecemeal approach and causing confusion among various stakeholders
 "Traders' body calls for introducing a regulator for e-commerce sector")
Atmanirbhar Bharat not a closed economy, it's global: NITI Aayog V-C
Self-reliance is not the same thing as self-sufficiency, NITI Aayog V-C said
 "Atmanirbhar Bharat not a closed economy, it's global: NITI Aayog V-C")
Will make calibrated interventions to keep fuel prices under control: Govt
India relies on overseas purchases to meet about 85 per cent of its oil requirement, making it one of the most vulnerable in Asia to higher oil prices
 "Will make calibrated interventions to keep fuel prices under control: Govt")
More rakes to power sector poised to hit key infrastructure: Railways
The ministry is of the view that "any more curtailing will cause crucial infrastructure industries to suffer."
 "More rakes to power sector poised to hit key infrastructure: Railways")
States yet to get Rs 53,661-crore GST compensation: Finance ministry
According to the data tabled by Sitharaman, the highest amount of GST compensation yet to be released will go to Maharashtra, at Rs 11,563 crore.
 "States yet to get Rs 53,661-crore GST compensation: Finance ministry")
Auto PLI scheme: Maruti, Hero among 75 firms to get govt's nod
Bharat Forge, Bosch India, CEAT, BHEL, and Ola Electric also on the list
 "Auto PLI scheme: Maruti, Hero among 75 firms to get govt's nod")
Number of NRIs across the globe rose 18% to 13.4 mn between 2015-2018
As number of NRIs increased, the number of unskilled workers and low-skilled workers emigrating from India declined
 "Number of NRIs across the globe rose 18% to 13.4 mn between 2015-2018")
Why the Russia-Ukraine conflict may put the brakes on Indian fuel imports
Demand for all oil products may grow at only 2-3% in FY23, slower than the current fiscal and nearly half the 5.5% growth estimated by the petroleum ministry, according to industry officials
 "Why the Russia-Ukraine conflict may put the brakes on Indian fuel imports")
Gujarat's public debt crosses Rs 3 trn; amount within norms, says state FM
In a written reply to a sub-question about interest paid on loans taken in the last two years, Desai said the state had paid Rs 20,293 crore as interest
 "Gujarat's public debt crosses Rs 3 trn; amount within norms, says state FM")
India's 5G revenues are projected to hit $9 billion by 2026, says report
India will account for a mere 1.39 per cent of global 5G revenues, expected to touch $645 billion by 2026
 "India's 5G revenues are projected to hit $9 billion by 2026, says report")
Solar manufacturing industry providing 30,000 jobs annually: Govt tells RS
Under solar manufacturing, module and capacity as of date is 11,500 MW, Minister of State for New and Renewable Energy Bhagwanth Khuba said
 "Solar manufacturing industry providing 30,000 jobs annually: Govt tells RS")
Goa preferred destination during Holi weekend, say travel companies
Other destinations seeing rise in demand include J&K, Himachal, Puri (Odisha) and Mahabaleshwar (Maharashtra)
 "Goa preferred destination during Holi weekend, say travel companies")
No power crisis in India, generation capacity more than peak demand: Govt
The minister told the House that there was a decrease in the coal-fired electricity produced in the country during the financial year 2020-21 as compared to the previous year 2019-2020
 "No power crisis in India, generation capacity more than peak demand: Govt")
Need to protect consumers, small retailers amid growth in e-commerce: Govt
Consumer Affairs Secretary Rohit Kumar Singh on Tuesday stressed that there should not be a situation of monopoly by large e-commerce players like Amazon and Flipkart
 "Need to protect consumers, small retailers amid growth in e-commerce: Govt")
No power crisis, generation capacity greater than peak demand: Power min
India is not facing any power crisis as the installed electricity generation capacity stood at 395.6 GW against the peak demand of 203 GW recorded in 2021-22, Parliament was informed on Thursday.
 "No power crisis, generation capacity greater than peak demand: Power min")
Investors dump stocks, move to cash as growth outlook weakens: BoFA
Cash levels among investors rose to nearly 6% while allocations to commodities soared to a record 33%.
 "Investors dump stocks, move to cash as growth outlook weakens: BoFA")