Page 1135 - Economy & Policy News
India, Germany sign work plan for collaboration to strengthen quality infra
India and Germany signed a work plan for cooperation to strengthen quality infrastructure, reduce technical barriers to trade, enhance product safety and strengthen consumer protection.
 "India, Germany sign work plan for collaboration to strengthen quality infra")
Indo-Australian trade crosses pre-pandemic levels, pact likely soon
A large part of the trade has been driven by increased exports to Australia, at $5.6 billion; the figure already 60% higher than $3.5 billion in FY19
 "Indo-Australian trade crosses pre-pandemic levels, pact likely soon")
India-UAE deal on Friday to double bilateral trade to $100 billion
The first round negotiation was launched five months ago
 "India-UAE deal on Friday to double bilateral trade to $100 billion")
Make Big Tech accountable to communities and society: MoS Electronics & IT
Nations must cooperate to make firms like Facebook, Google answerable: Min
 "Make Big Tech accountable to communities and society: MoS Electronics & IT")
Hitting the right notes: Indian music biz finally getting its act together
A push for subscription and a search for capital indicate that the Indian music business is finally getting its act together
 "Hitting the right notes: Indian music biz finally getting its act together")
LIC sees decline in policy issuance due to the Covid-19 pandemic
Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic.
 "LIC sees decline in policy issuance due to the Covid-19 pandemic")
India, UAE to sign comprehensive economic partnership agreement on Friday
India and UAE will firm up a Comprehensive Economic Partnership Agreement on Friday during virtual summit between PM Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed al Nahyan.
SIDBI ties up with Bihar government to promote MSME sector in state
The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state.
 "SIDBI ties up with Bihar government to promote MSME sector in state")
Manufacturing sector will need continued policy support: RBI article
The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article.
 "Manufacturing sector will need continued policy support: RBI article")
NARCL to help reduce banking stress, kick-start credit cycle: RBI article
The cross-country evidence suggests that if the logistical and financial challenges are carefully navigated, experiments of centralised bad bank can have more hits than misses: RBI article
LIC IPO: How the embedded value of the insurance behemoth was calculated
Shareholders get more say on how LIC treats its profit and policyholder's interest
 "LIC IPO: How the embedded value of the insurance behemoth was calculated")
Rupee surges 25 paise to close at 75.07 against USD as Ukraine fears ease
At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24
 "Rupee surges 25 paise to close at 75.07 against USD as Ukraine fears ease")
Economy may have grown 5-6.3% in Q3, likely to expand by 8.5-9.1% in FY22
Both these numbers--the second advance estimates for 2021-22 and the actual GDP growth for Q3 of the year--are slated to be released on February 28
 "Economy may have grown 5-6.3% in Q3, likely to expand by 8.5-9.1% in FY22")
India's Feb first-half gas fuel sales pick up as Covid curbs are eased
Sales of gasoil, which account for about two-fifths of India's overall refined fuel consumption, are directly linked to industrial activity in Asia's third-largest economy
 "India's Feb first-half gas fuel sales pick up as Covid curbs are eased")
India economy to grow at quickest pace among large nations: Finmin report
The report said the Budget 2022-23 has strengthened the direction set for India's economy by the previous year's budget
 "India economy to grow at quickest pace among large nations: Finmin report")
What does soaring crude oil price mean for the Indian economy?
Geopolitical tension in Eastern Europe has led to a jump in crude oil price, which is over $90 per barrel now. Some fear that it may touch the $100. What does it mean for the economy in India?
Non-power coal users claim supply shortage; government denies it
Coal India Ltd, which accounts for more than 80% of India's production of the fuel, and the federal coal ministry, deny there is a problem
 "Non-power coal users claim supply shortage; government denies it")
Vedanta, Foxconn's India chip venture is little more than a piece of paper
What we're really seeing is two companies petitioning the government for corporate welfare as it offers $7 bn of enticements to boost electronics manufacturing.
 "Vedanta, Foxconn's India chip venture is little more than a piece of paper")
Capital expenditure aid to states may be regular Budget feature
The amount is part of the Centre's Rs7.5 capex outlay for the next year.
 "Capital expenditure aid to states may be regular Budget feature")
Tejas at Singapore Airshow 2022: Sale calls for full court diplomacy
While industry watchers rate the Tejas Mark 1A highly, there is concern over haste with which Indian team was despatched to Singapore; and a feeling that New Delhi is participating without clear aims
 "Tejas at Singapore Airshow 2022: Sale calls for full court diplomacy")