Page 1164 - Economy & Policy News
India among top attractive destinations for global investors: RBI paper
The article said foreign direct investment (FDI) plays a significant role in economic development of any country
 "India among top attractive destinations for global investors: RBI paper")
Reserve Bank of India buys, sells equal amount of US dollar in November
In November 2020, the RBI had net bought USD 10.26 billion from the spot market
Recovery tracker: Fewer flyers as Omicron weighs on weekly indicators
Several metrics show signs of lower activity than the previous week
 "Recovery tracker: Fewer flyers as Omicron weighs on weekly indicators")
Consumer sentiment yet to return to pre-pandemic levels: RBI study
Among the seven large economies compared with the US, Britain, Japan, China, Russia, Brazil and South Africa, which also bore the brunt of the pandemic like us, India was the worst hit: RBI
 "Consumer sentiment yet to return to pre-pandemic levels: RBI study")
Govt clears 20 strategic projects under National Technical Textiles Mission
The projects were approved at a meeting chaired by Textiles Minister Piyush Goyal
 "Govt clears 20 strategic projects under National Technical Textiles Mission")
India needs Green Revolution 2.0 to make agri more sustainable: RBI
An RBI article said "new emerging challenges warrant a second green revolution along with next-generation reforms"
 "India needs Green Revolution 2.0 to make agri more sustainable: RBI")
India's overall economic activity remains strong, says RBI article
Market estimates predict that the value of digital payments could jump three-fold from $300 billion in 2020-21 to $1 trillion by 2025-26
 "India's overall economic activity remains strong, says RBI article")
Power sector employees to go on 2-day strike in Feb against privatisation
The All India Power Engineers Federation (AIPEF) on Monday said that around 15 lakh power sector employees will go on nationwide strike for two days from February 23 to protest against privatisation
 "Power sector employees to go on 2-day strike in Feb against privatisation")
Economy set to improve over next 12 months: PwC Annual Global CEO Survey
India's economic growth is all set to improve over the next 12 months despite the coronavirus pandemic-related problems and global headwinds, says the PwC Annual Global CEO Survey
Fantasy Sports added Rs 3,000 cr to Indian sports economy in FY21: Experts
This number is expected to double in the next three years alongside the growth of the industry and its participating user base
 "Fantasy Sports added Rs 3,000 cr to Indian sports economy in FY21: Experts")
India's richest doubled their wealth to $720 bn during Covid crisis: Oxfam
India added 40 billionaires to 142 last year, when a second wave of Covid overwhelmed its health infrastructure and pushed crematoriums and burial grounds to breaking point, says the report
 "India's richest doubled their wealth to $720 bn during Covid crisis: Oxfam")
Why does social security look like a pipe dream for gig workers?
Lakhs of gig workers in India continue to work amid little or no access to social security. We find out more about their plight and also if the new labour codes will address their social security void
 "Why does social security look like a pipe dream for gig workers?")
Can India's consumers power the economy? Experts say it's not enough
India is parched for capital expenditure, and its trade deficits are ballooning, particularly with China. Every new investment is a victory of sorts for policymakers
 "Can India's consumers power the economy? Experts say it's not enough")
The devil in retail: Consumer financing may attract closer scrutiny by RBI
The consumer financing business is showing signs of heightened stress
 "The devil in retail: Consumer financing may attract closer scrutiny by RBI")
Bombay HC sets aside rejection of refund claims by GST authorities
Claim had been rejected as it was filed after 2 yrs; Court sets rejection aside as authorities had not considered earlier SC relaxation on time limit due to Covid
 "Bombay HC sets aside rejection of refund claims by GST authorities")
Reserve Bank of India draft rules to help firms meet Sebi debt norms
The RBI draft for banks' investment norms, experts say, will help trigger that change and develop the corporate bond market
 "Reserve Bank of India draft rules to help firms meet Sebi debt norms")
ATF price hiked by 4.2%, second increase in Jan as petrol, diesel unchanged
Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged
 "ATF price hiked by 4.2%, second increase in Jan as petrol, diesel unchanged")
Goyal assures full support to IT firms in pushing growth, exports to $1 trn
Commerce and Industry Minister Piyush Goyal assured full government support to leaders of top IT companies in pushing the growth of the sector and taking services exports to $1 trn in a decade.
 "Goyal assures full support to IT firms in pushing growth, exports to $1 trn")
Wealth of richest 98 same as bottom 552 million, says Oxfam report
4% tax on the wealth can fund mid-day meal for 17 years
 "Wealth of richest 98 same as bottom 552 million, says Oxfam report")
Statsguru: Six charts explain challenges for five poll-bound states
The five-year moving average growth rate is significantly lower than it was in 2009-10
 "Statsguru: Six charts explain challenges for five poll-bound states")