Page 1139 - Economy & Policy News
Fiscal deficit will come down once revenues start to grow: Tarun Bajaj
Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow.
 "Fiscal deficit will come down once revenues start to grow: Tarun Bajaj")
RBI's dovish inflation call raises eyebrows as price pressures build
India is beginning to diverge from many other major global central banks, which now see price pressures as more entrenched and in need of action
 "RBI's dovish inflation call raises eyebrows as price pressures build")
Govt contained inflation at 6.2% despite biggest contraction in economy: FM
Sitharaman said that the government is also encouraging startups which resulted in creation of many unicorns during the pandemic.
 "Govt contained inflation at 6.2% despite biggest contraction in economy: FM")
India's internet economy poised to be $1 trn economy by 2030: RedSeer rpt
The expansion is being fueled by a rapidly increasing internet penetration rate, high-speed internet access, and increased online shopping and digital content consumption
 "India's internet economy poised to be $1 trn economy by 2030: RedSeer rpt")
Factbox: Indian cotton yarn's journey, from knitting to packing
Cotton produced by a farmer in Telangana can move thousands of kilometres to become a T-shirt, compared with barely a few hundred kilometres in Bangladesh
 "Factbox: Indian cotton yarn's journey, from knitting to packing")
India's textile industry at near capacity, raising hopes for creating jobs
India is the world's fifth biggest textile and apparel exporter with a 4% share of the $840 billion global market
 "India's textile industry at near capacity, raising hopes for creating jobs")
What does RBI's status quo on key policy rates mean?
The Reserve Bank of India kept the key policy rates unchanged in its monetary policy review, surprising most experts who were betting on a reverse repo rate hike. Find out what the status quo mean
 "What does RBI's status quo on key policy rates mean?")
Machine-to-machine service providers need to register with DoT
The Department of Telecom has mandated all machine-to-machine service providers to register with the department to address issues around security, interface with telecom companies and others.
 "Machine-to-machine service providers need to register with DoT")
Monetary policy: RBI cautious on CBDC; cap on e-RUPI vouchers at Rs 1L
In line with the Budget announcement, RBI governor Shaktikanta Das said that central bank digital currency (CBDC) will be launched in the next fiscal year
 "Monetary policy: RBI cautious on CBDC; cap on e-RUPI vouchers at Rs 1L")
Centre's GDP deflator forecast for FY23 is 3-3.5%: FM Nirmala Sitharaman
Based on Sitharaman's statement, the finance ministry's own real GDP projection is closer to that of the Reserve Bank of India
Cryptos don't have any underlying value, not even a tulip: RBI Governor
At the post policy meeting with media persons, Governor Das said, the investors who invest in cryptocurrencies should keep in mind that they are doing so at their own risk
 "Cryptos don't have any underlying value, not even a tulip: RBI Governor")
RBI monetary policy: Increase in VRR limit to boost debt capital
RBI's decision to raise limits under the Voluntary Retention Route (VRR) will provide additional sources of capital for the domestic debt market, according to market players
 "RBI monetary policy: Increase in VRR limit to boost debt capital")
Indian drone makers welcome govt's decision to ban import of drones
The decision will block cheaper Chinese products, encourage participation from large corporations
 "Indian drone makers welcome govt's decision to ban import of drones")
India, Australia to finalise early harvest agreement in next 30 days: Goyal
India and Australia had set a tight deadline of concluding an early harvest agreement - a precursor to FTA or CECA by December 25, as more work needed to be done towards the deal
 "India, Australia to finalise early harvest agreement in next 30 days: Goyal")
Consumer confidence showing gradual improvement, says RBI survey
The survey also covered employment scenarios, overall price situation and own income and spending from 5,387 households across these cities
 "Consumer confidence showing gradual improvement, says RBI survey")
Airfare bands protecting interests of airlines, passengers: Scindia
He also emphasised that under normal circumstances, airfares are neither established nor regulated by the government
 "Airfare bands protecting interests of airlines, passengers: Scindia")
India prohibiting drone imports effectively blocks a giant in China
Amid the continuing disputes between China and US, drones have taken center stage as concerns surface that Shenzhen-based DJI may be relaying some sensitive data to Chinese intelligence agencies
 "India prohibiting drone imports effectively blocks a giant in China")
Textile demand momentum to continue in FY23: India Ratings
The ratings agency cited that reduction in logistics issues for export demand will aid in keeping healthy demand
 "Textile demand momentum to continue in FY23: India Ratings")
India's 257 police stations don't have vehicles; 638 without phones: Report
As many as 257 police stations in country do not have vehicles while 638 are without telephones, a Parliamentary Standing Committee report on Ministry of Home Affairs submitted to Parliament revealed
 "India's 257 police stations don't have vehicles; 638 without phones: Report")
Travel sector hails new health norms, urges restart of normal int'l flights
Says govt move will boost consumer confidence and accelerate revival of travel, tourism and hospitality sectors as well as economy at large
 "Travel sector hails new health norms, urges restart of normal int'l flights")