Page 1119 - Economy & Policy News
Women borrowers' tally grows at CAGR of 19% in 5 yrs; men at 14%: CIBIL
Credit penetration for women (percentage of borrowers to total adult population) has improved to 12% in 2021 from 6% in 2016.
 "Women borrowers' tally grows at CAGR of 19% in 5 yrs; men at 14%: CIBIL")
Govt to reopen application window for PLI scheme for white goods
The Cabinet approved the PLI scheme for manufacturing components and sub-assemblies of air conditioners (ACs) and LED lights in April 2021 to bring manufacturing at the centre stage
 "Govt to reopen application window for PLI scheme for white goods")
India's coal imports fall 8.76% in Feb, domestic production rises
The price of coal in the global market touched a record high of $400 per tonne last week, due to the Russia-Ukraine war
 "India's coal imports fall 8.76% in Feb, domestic production rises")
Industry has a role to play in reducing tax disputes, says FinMin
Two prominent policymakers - finance secretary TV Somanathan and revenue secretary Tarun Bajaj - said on Monday that the larger industry had a big role to play in reducing tax disputes
 "Industry has a role to play in reducing tax disputes, says FinMin")
Petrol, diesel price hike soon as oil companies prepare to pare losses
Petrol and diesel prices need to be increased by Rs 15 a litre for fuel retailers to break even
 "Petrol, diesel price hike soon as oil companies prepare to pare losses")
Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low
The previous all-time low for the rupee was recorded on April 16, 2020, when it closed 76.87 against the dollar
 "Fallout of Russia-Ukraine war: Rupee nears 77/$ in all-time low")
After Covid dip, TV advertising volumes grow 22% in 2021: BARC
Overall television advertising volumes grew 22 per cent to 1,824 million seconds in 2021, after getting hit in the previous year due to the COVID-19 pandemic, the BARC said
 "After Covid dip, TV advertising volumes grow 22% in 2021: BARC")
Women managers: India lags major regional peers, ESG scores risk impact
Other countries also have higher gender diversity on company boards, says BofA Securities report
 "Women managers: India lags major regional peers, ESG scores risk impact")
India looks to advance trade deal with Bangladesh: Piyush Goyal
Bangladesh is India's fifth largest export destination.
 "India looks to advance trade deal with Bangladesh: Piyush Goyal")
Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports
Uncertainty resulting from the Russian invasion of Ukraine and over how other currencies behave among factors keeping exporter sentiment in check
 "Russia-Ukraine crisis: Falling rupee unlikely to shore up India's exports")
Recovery tracker: Workplace visits drop, power generation growth slows
Freight growth and traffic congestion show signs of improvement
 "Recovery tracker: Workplace visits drop, power generation growth slows")
Hiring activities witness 31% increase in February: Report
Hiring activity witnessed a 31 per cent increase in February as multiple sectors recorded strong growth compared to the previous year, according to a report.
 "Hiring activities witness 31% increase in February: Report")
Ukraine-Russia conflict to burden steel makers with higher input cost: Icra
The ongoing conflict between Ukraine and Russia will burden domestic steelmakers with high input costs, according to rating agency Icra.
 "Ukraine-Russia conflict to burden steel makers with higher input cost: Icra")
Ukraine war may cripple exim trade, trim corporate margins: Report
The Russian invasion of Ukraine, and the flurry of punitive sanctions have the potential to cull India's imports on one hand and also lead to input cost pressure on downstream companies in India Inc
 "Ukraine war may cripple exim trade, trim corporate margins: Report")
India, Maldives to strengthen professional capabilities in audit fields
During the meeting, Murmu emphasised the role of technology in today's rapidly changing world, which constantly create fresh avenues for audit and make audits more efficient
 "India, Maldives to strengthen professional capabilities in audit fields")
India's exports may reach $410 billion this fiscal, says Piyush Goyal
The country's merchandise exports during April-February 2022 stood at USD 374.05 billion, an increase of 45.80 per cent over USD 256.55 billion in the year-ago period
PLI scheme: Govt reopens application window for AC and LED lights
42 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 4,614 crore, have been provisionally selected as beneficiaries under the PLI scheme for the white goods sector
Global coal prices at record high, to increase India's import bill
The ongoing conflict between Ukraine and Russia is likely to have a bearing on the supply of thermal coal
 "Global coal prices at record high, to increase India's import bill")
India Inc has long way to go for true gender equality at workplace: Mercer
Mercer data showed continued trend of females' improved representation at professional level ranging from 20-30% across industries
 "India Inc has long way to go for true gender equality at workplace: Mercer")
Want to use AI for road safety and better mobility: Nitin Gadkari
Says aim is to use the technology for enforcement purposes in cities where state govts or civic bodies are falling short
 "Want to use AI for road safety and better mobility: Nitin Gadkari")