Page 1159 - Economy & Policy News
India's fuel demand will continue to recover through this quarter: Fitch
India's fuel demand will continue to recover through the current quarter as the easing of Covid-19 pandemic-related restrictions boosts economic activity, Fitch Ratings said on Monday
 "India's fuel demand will continue to recover through this quarter: Fitch")
Telecom dept will not interfere in mobile manufacturing: Vaishnaw
Communications and IT Minister Ashwani Vaishnaw on Monday said the telecom department will not interfere in matters related to mobile phone manufacturing.
 "Telecom dept will not interfere in mobile manufacturing: Vaishnaw")
Electronics production in India to reach $300 bn by 2026: Report
According to the vision document, there has been a complete shift in strategy which goes beyond the vision of import substitution to 'Make in India for the World'
 "Electronics production in India to reach $300 bn by 2026: Report")
RBI to conduct overnight variable repo rate auction of Rs 75,000 cr today
The Reserve Bank of India on Monday said it will be conducting an overnight variable rate repo auction under liquidity adjustment facility (LAF) for an amount of Rs 75,000 crore today.
 "RBI to conduct overnight variable repo rate auction of Rs 75,000 cr today")
India's addiction to expensive cooking oil imports seen lasting for 15 yrs
Consumption is expected to climb in India by as much as 17% over the next four years
 "India's addiction to expensive cooking oil imports seen lasting for 15 yrs")
Indian digital infra needs investment of up to $23 bn by 2025: Report
As many as 330 million people will be using 5G and sectors like e-commerce, education, healthcare will grow their presence online: Report
 "Indian digital infra needs investment of up to $23 bn by 2025: Report")
Govt firms asked to declare market value of land, other real estate assets
Measure seen as a bid to boost investor confidence in PSUs stocks
 "Govt firms asked to declare market value of land, other real estate assets")
445 Indian infrastructure projects show cost overrun of Rs 4.4 trillion
As many as 445 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.
 "445 Indian infrastructure projects show cost overrun of Rs 4.4 trillion")
India's economy has bright spots, 'very dark stains': Raghuram Rajan
Economist and former RBI governor fears 'scarring to the middle class' after pent up economic demand ends.
 "India's economy has bright spots, 'very dark stains': Raghuram Rajan")
India Inc urges Budget sops to boost capex, wants focus on consumer demand
Bank lending for new projects fell to record low in FY21 as per RBI data
 "India Inc urges Budget sops to boost capex, wants focus on consumer demand")
In the pink of health: Healthcare sector expected to reach $372 bn in 2022
Government plans to increase public health spend to 2.5% of GDP by 2025
 "In the pink of health: Healthcare sector expected to reach $372 bn in 2022")
Statsguru: Six charts show automobile sector is still not out of the slump
Maruti and Tata Motors have already announced price increases for their vehicles
 "Statsguru: Six charts show automobile sector is still not out of the slump")
India's December gems, jewellery exports up 29% against pre-pandemic 2019
Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.
 "India's December gems, jewellery exports up 29% against pre-pandemic 2019")
Demand for office space up 50% in 2021 led by startups, tech cos: Colliers
Demand for office space in Delhi NCR region has grown 50 per cent year-on-year in 2021, majorly due to strong absorptions by startups and technology firms, said real estate consultancy firm Colliers
 "Demand for office space up 50% in 2021 led by startups, tech cos: Colliers")
Delivery race among Indian grocery startups brings road safety risks
Competition is already intense in India's $600-billion grocery retailing industry, populated by the likes of Amazon, Walmart's Flipkart and Indian billionaire Mukesh Ambani's Reliance
 "Delivery race among Indian grocery startups brings road safety risks")
Govt relaxes deadline for re-export of containers used for oxygen transport
The customs department has given time till September 30 for the re-export high-quality containers which have been imported for efficient transportation of liquid medical oxygen
 "Govt relaxes deadline for re-export of containers used for oxygen transport")
India emerges as largest exporters of cucumber, gherkins in the world
India has exported cucumber and gherkins to the tune of 1,23,846 metric tonnes with a value of $114 million during April-October (2020-21)
 "India emerges as largest exporters of cucumber, gherkins in the world")
Delhi traders want markets to be freed from Covid restrictions: CAIT Survey
The traders' body stated that it has also sent a letter to the Lieutenant Governor of Delhi Anil Baijal, demanding relaxation in the Covid restrictions in the national capital.
 "Delhi traders want markets to be freed from Covid restrictions: CAIT Survey")
Public wifi hotspots can generate 20-30 mn jobs this year: Telecom Secy
Telecom Secretary K Rajaraman was speaking at Broadband India Forum (BIF) event called upon wifi equipment makers to lower the cost of their products
 "Public wifi hotspots can generate 20-30 mn jobs this year: Telecom Secy")
Fewer launches subdue pharma market's Dec sequential growth
As per India Ratings and Research (Ind-Ra), IPM continued to deliver slower growth of 5.3 per cent YoY in December 2021 after growing 6.6 per cent in November 2021
 "Fewer launches subdue pharma market's Dec sequential growth")