Page 1171 - Economy & Policy News
FPIs turn net buyers of equities in Jan so far; invest Rs 3,202 cr
After three months of selling spree, foreign investors have turned net buyers in the first week of January by infusing Rs 3,202 crore in Indian equities
 "FPIs turn net buyers of equities in Jan so far; invest Rs 3,202 cr")
Centre not to impose anti-dumping duty on certain steel products
The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea
 "Centre not to impose anti-dumping duty on certain steel products")
Business volume down 45% due to third Covid wave, says CAIT
According to the CAIT, the situation has led 'business of various verticals of goods' to go down by an average of 45 per cent in the last 10 days
 "Business volume down 45% due to third Covid wave, says CAIT")
Real GDP to grow at around 9.5% in FY22: SBI Ecowrap
The report comes a day after the National Statistical Office (NSO) released the First Advance Estimates of National Income for financial year 2021-22
 "Real GDP to grow at around 9.5% in FY22: SBI Ecowrap")
New stock, Omicron impact to arrest rising Cotton prices: Ind-Ra
New stock arrivals as well as the Omicron Covid-19 variant's expected impact on demand is likely to arrest any further rise in cotton prices during the short-term, said India Ratings and Research
 "New stock, Omicron impact to arrest rising Cotton prices: Ind-Ra")
Mango, pomegranate exports from India to US to start from Jan-Feb 2022
Exports of mango and pomegranate from India to the US will start from January-February to boost the country's outbound shipments of agri-products, the commerce ministry said on Saturday.
 "Mango, pomegranate exports from India to US to start from Jan-Feb 2022")
Assam govt partners with NDDB to set up Rs 2,000-cr dairy joint venture
The Assam government and National Dairy Development Board on Friday signed an agreement to create a Rs 2,000-crore joint venture for holistic development of the sector in the state
 "Assam govt partners with NDDB to set up Rs 2,000-cr dairy joint venture")
Kerala to provide investors with best facilities available in country: CM
Kerala Chief Minister Pinarayi Vijayan on Friday said the state will provide investors with facilities that are comparable to the best available in the country.
 "Kerala to provide investors with best facilities available in country: CM")
Capex set to cross pre-Covid levels; household expenditure, consumption lag
This indicates that in spite of strong recovery in 2021-22 from the contraction last fiscal year, consumption recovery among the populace is still not broad-based
 "Capex set to cross pre-Covid levels; household expenditure, consumption lag")
Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates
The government was given this lever after the first Advance Estimates pegged GDP at current prices at Rs 232.15 trillion
 "Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates")
The third wave in Indian aviation: A game changer for the sector globally
After soaring in its 'second wave', the sector is likely to come down to earth with saner growth, rational air fares and more professionalism
 "The third wave in Indian aviation: A game changer for the sector globally")
FY22 GDP estimate on expected lines, but there can be a downward bias
The next fiscal year (FY23) will be the one to watch out for and assuming that there would be no more Covid shocks, growth would be more real
 "FY22 GDP estimate on expected lines, but there can be a downward bias")
Farm sector set to grow at 3.9% in FY22: First advance estimates
The gross value added (GVA) in agriculture and allied activities in FY22 is slightly higher than the long-term average for the sector which is 3-4 per cent
 "Farm sector set to grow at 3.9% in FY22: First advance estimates")
FY22 per capita income may rise 12% over pre-Covid level: Advance estimates
In FY21, per capita income had dropped by 4% to Rs 1.29 lakh, showcasing the plight of common man who bore the brunt of lockdown and job losses
 "FY22 per capita income may rise 12% over pre-Covid level: Advance estimates")
India's GDP likely to grow 9.2% in FY22: First advance estimates
According to the statistics office, agriculture is expected to grow at 3.9% in FY22 while manufacturing is likely to expand by 12.5% and trade and hotel sector are expected to grow at 11.9%
 "India's GDP likely to grow 9.2% in FY22: First advance estimates")
Govt invites bids to set up sales network for natural gas supply
India, the world's third biggest emitter of greenhouse gases, has set a 2070 goal for net zero carbon emissions.
 "Govt invites bids to set up sales network for natural gas supply")
DGFT sets up Covid-19 helpdesk to iron out international trade issues
The helpdesk will look into issues relating to import and export licensing, documentation issues, customs clearance delays and related complexities, among others
 "DGFT sets up Covid-19 helpdesk to iron out international trade issues")
India to overtake Japan as Asia's 2nd largest economy by 2030: IHS
Currently, India is the sixth-largest economy in the world, behind the US, China, Japan, Germany and the United Kingdom
 "India to overtake Japan as Asia's 2nd largest economy by 2030: IHS")
GST shadow on Indian cryptocurrency firms; foreign platforms go free
In the absence of regulations, international crypto and NFT platforms are escaping the GST net
 "GST shadow on Indian cryptocurrency firms; foreign platforms go free")
Tech start-up body writes to FM seeking crypto tax provisions in Budget
The letter lists nine recommendations to regulate crypto companies in the country
 "Tech start-up body writes to FM seeking crypto tax provisions in Budget")