Page 1108 - Economy & Policy News
Ukraine war marks decline of globalization; we'll miss it when it's gone
The war in Ukraine doesn't necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalisation
 "Ukraine war marks decline of globalization; we'll miss it when it's gone")
India will ensure steady coking coal cargoes to allay supply concerns
India will take steps to ensure a steady supply of coking coal for domestic steel companies, which are struggling with cargo disruptions and rocketing prices in wake of Russia's invasion of Ukraine
 "India will ensure steady coking coal cargoes to allay supply concerns")
From biscuits to fuel, Ukraine war driving up prices of everything
The Ukraine crisis has led to a rally in commodity prices. Consumer goods companies, hit with high input costs, are now passing on the price rise to customers. Will there be more price rise in FMCG?
 "From biscuits to fuel, Ukraine war driving up prices of everything")
Current WPI series to be scrapped, new one with 2017-18 as base yr on cards
Approval of various committees being sought before the new series is released
 "Current WPI series to be scrapped, new one with 2017-18 as base yr on cards")
Russia-Ukraine war: Govt stares at higher fertiliser subsidy bill
Ukraine war may push FY22 burden by Rs 15k cr, hit FY23 estimate
 "Russia-Ukraine war: Govt stares at higher fertiliser subsidy bill")
Statsguru: From UPI to IMPS, mapping digital transactions in India
Wallets have also made a comeback, with rising transaction volumes
 "Statsguru: From UPI to IMPS, mapping digital transactions in India")
Will a services exports-driven economic growth strategy work for India?
While Covid hit services exports harder than manufacturing, the share of the former in global services exports seems to support the call experts have made in favour of the sector
 "Will a services exports-driven economic growth strategy work for India?")
Mumbai to go net-zero by 2050, two decades ahead of India's target
Without intervention, the effects of climate change could cost India $35 trillion over the next 50 years
 "Mumbai to go net-zero by 2050, two decades ahead of India's target")
Auditing officers lose adjudicating notice power under GST system
Experts allege that auditing and investigating officers were not adjudicating the notices judiciously and were retaining the demands made in them
 "Auditing officers lose adjudicating notice power under GST system")
Indian economy progressing well; high oil prices pose risks: Ashima Goyal
India's economic recovery from Covid is progressing well and the trajectory will continue but persistently high oil prices can play spoilsport, economist Ashima Goyal said
 "Indian economy progressing well; high oil prices pose risks: Ashima Goyal")
Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23
As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India's GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent
 "Morgan Stanley cuts India GDP growth forecast to 7.9% for FY23")
Indian Railways to map coal, mineral mines and ports to bridge connectivity
The Railways ministry mapping 48 mines, 29 ports across 52 districts
 "Indian Railways to map coal, mineral mines and ports to bridge connectivity")
Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand
India's gold imports, which have a bearing on the country's current account deficit (CAD), surged by about 73 per cent to $45.1 billion during April-February this fiscal on account of higher demand
 "Gold imports surge 73% to $45 bn in April-Feb this fiscal on higher demand")
2 thermal plants in Tamil Nadu shut as coal supply from Odisha fails
Two thermal power plants in Tamil Nadu at Mettur and Thoothukudi (each 210 MW capacity), have been temporarily shut down due to the shortage of coal.
 "2 thermal plants in Tamil Nadu shut as coal supply from Odisha fails")
Bidding for DSF-III oil round, including ONGC, to start on Apr 1: DGH
Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III bid round, will begin on April 1 and close on May 16, according to the DGH.
 "Bidding for DSF-III oil round, including ONGC, to start on Apr 1: DGH")
Covid pandemic, Russia-Ukraine conflict impacting export: Tea industry body
A body of tea planters on Saturday said exports of the commodity will be adversely impacted due to the Russia-Ukraine conflict.
 "Covid pandemic, Russia-Ukraine conflict impacting export: Tea industry body")
Cyber crime to cost economies $10 trn by 2025: Microsoft India official
He said India is adopting cloud first approach in its journey for digital transformation
 "Cyber crime to cost economies $10 trn by 2025: Microsoft India official")
India needs $20 bn annual investments to achieve climate targets: Report
The white paper by Ficci and Trilegal highlights that the country needs a large budget allocation, international finance from bilateral and multilateral sources and green private investments
 "India needs $20 bn annual investments to achieve climate targets: Report")
CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash
In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its true colours just after the party secured electoral victories in four states
 "CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash")
Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari
Flex-fuel, or flexible fuel, is an alternative fuel with a combination of gasoline and methanol or ethanol
 "Auto cos will begin manufacturing flex-fuel vehicles within 6 mths: Gadkari")