Page 1163 - Economy & Policy News
DPIIT holds meeting with various stakeholders on proposed e-commerce policy
The Department for Promotion of Industry and Internal Trade held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said.
 "DPIIT holds meeting with various stakeholders on proposed e-commerce policy")
Vikram Dev Dutt appointed new CMD of Air India
Dutt is a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre
 "Vikram Dev Dutt appointed new CMD of Air India")
Will use SC order to counter Devas enforcements in international fora: FM
"It is a fraud of Congress, by Congress (and) for Congress," the minister said
 "Will use SC order to counter Devas enforcements in international fora: FM")
20 states evince interest to avail additional borrowing for power sector
The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states
 "20 states evince interest to avail additional borrowing for power sector")
Traders body CAIT asks govt for robust and unambiguous e-commerce policy
Alleges that FDI policy has been continuously violated by foreign-funded e-commerce firms right under govt's nose, no action taken against such companies so far
 "Traders body CAIT asks govt for robust and unambiguous e-commerce policy")
India offers $500-mn fuel credit line to forex strapped Sri Lanka
The credit line, which was under negotiation since August 2021, will ease pressure on the country's dwindling reserves that dipped to $3.1 bn at the end of December.
 "India offers $500-mn fuel credit line to forex strapped Sri Lanka")
Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil
Growth would still be higher by about 1-2% over fiscals 2020 and 2021. But it would be slower than the broad-based 24% logged between fiscals 2011 and 2019
 "Third Covid-19 wave may knock-off 1-2% growth in HFC assets: Crisil")
Over 80% of India's workforce considering changing jobs in 2022: LinkedIn
Notwithstanding the pandemic, India's workforce is optimistic about the future of work, and a significant percentage of professionals are considering changing their jobs this year, according to report
 "Over 80% of India's workforce considering changing jobs in 2022: LinkedIn")
Nitish Kumar-led Bihar govt likely to relax liquor prohibition law
Facing criticism over poor implementation of the liquor ban, the Nitish Kumar government in Bihar is likely to give some relaxation to the violators.
 "Nitish Kumar-led Bihar govt likely to relax liquor prohibition law")
Guterres in contact with US, UK to support India's solar energy target
Antonio Guterres said he has been in close contact with the US, the UK to ensure there are strong efforts to support India in its attempt to achieve 450 gigawatts of solar energy installed capacity
 "Guterres in contact with US, UK to support India's solar energy target")
DoT amends telecom licences to enable machine-to-machine communications
The DoT in the licence amendment has incorporated M2M with pan-India permit, limited to circle level and district level, according to a circular
 "DoT amends telecom licences to enable machine-to-machine communications")
Industry welcomes PM Narendra Modi's emphasis on clean, green growth
According to CII, the Prime Minister's emphasis on a green, clean and sustainable growth process is reassuring for India's future growth
 "Industry welcomes PM Narendra Modi's emphasis on clean, green growth")
Omicron a flash flood, not a wave, economic recovery remains strong: RBI
Infection surge due to Omicron has dented recovery only temporarily
 "Omicron a flash flood, not a wave, economic recovery remains strong: RBI")
In the works: National e-commerce policy to script arm's-length rulebook
To apply to all platforms engaged in buying and selling, including social media
 "In the works: National e-commerce policy to script arm's-length rulebook")
Sugar exports jump nearly 4-fold in Oct-Dec 21; production up 6%: ISMA
India's sugar exports during October-December period jumped nearly four-fold to 17 lakh tonnes on higher demand from overseas, according to industry body ISMA.
 "Sugar exports jump nearly 4-fold in Oct-Dec 21; production up 6%: ISMA")
At current pace, MGNREGA will need minimum Rs 1 trillion budget next fiscal
Work demand has been unusually high the past two years and front-loading expenditure helped in generating adequate demand while installing confidence in the system
 "At current pace, MGNREGA will need minimum Rs 1 trillion budget next fiscal")
On track to achieve $650-billion exports target in FY22: Piyush Goyal
India's merchandise exports in April-December was over $301 billion, achieving three fourth of its annual exports target of $400 billion in the first nine months of FY22
 "On track to achieve $650-billion exports target in FY22: Piyush Goyal")
Rising crude prices drive up bond yield, threaten to derail fiscal maths
High oil prices also feed into inflation, necessitating the central bank to be more hawkish in its monetary policy than it so far it has conducted itself
 "Rising crude prices drive up bond yield, threaten to derail fiscal maths")
Tata Power Renewable Energy commissions 100 MW solar projs in Uttar Pradesh
Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh
 "Tata Power Renewable Energy commissions 100 MW solar projs in Uttar Pradesh")
Icra maintains volume demand growth estimate for FY22 at 13-15%
ICRA said it is maintaining the domestic demand growth in volumes estimate for the Indian tyre industry at 13-15% for the ongoing fiscal year and 7-9% for the FY22-25 period
 "Icra maintains volume demand growth estimate for FY22 at 13-15%")