Page 1183 - Economy & Policy News
Miners body urges govt not to impose anti-dumping duty on caustic soda
Aluminium industry is one of the major consumers of caustic soda in the country
 "Miners body urges govt not to impose anti-dumping duty on caustic soda")
IT Min tweets 'Intel-welcome to India' after top exec lauds chip incentives
Earlier this month, the government had approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country
 "IT Min tweets 'Intel-welcome to India' after top exec lauds chip incentives")
Record foodgrains production likely in 2022 despite pandemic blues
India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country's resilient agriculture sector
 "Record foodgrains production likely in 2022 despite pandemic blues")
Increasing production, raw material security steel sector's focus in 2022
Increasing per capita steel consumption and production of special steel as well as enhancing raw material security will remain the key focus areas of the government in 2022.
 "Increasing production, raw material security steel sector's focus in 2022")
Indicators show Indian economy was growing steadily before Omicron hit
All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called 'Animal Spirits' unchanged at 5
 "Indicators show Indian economy was growing steadily before Omicron hit")
Exports rise 36% to $23.8 billion in first three weeks of December
Recovery in key global markets and robust demand help trend, says commerce ministry data.
 "Exports rise 36% to $23.8 billion in first three weeks of December")
Workplace visits hit a record high, Omicron concerns notwithstanding
Power generation, other indicators also show positive trend
 "Workplace visits hit a record high, Omicron concerns notwithstanding")
UP last again in NITI Aayog Health Index 2019-20, Kerala tops ranking
As good news, India's most populous state shows highest incremental performance between 2018-19 and 2019-20.
 "UP last again in NITI Aayog Health Index 2019-20, Kerala tops ranking")
Bangladesh may become India's fourth largest export destination in FY22
Bangladesh's growth stems largely from its success as an exporter of garments, which account for around 80 per cent of its total exports
 "Bangladesh may become India's fourth largest export destination in FY22")
Commercial 5G services will be rolled out in 13 cities in 2022: DoT
The actual rollout would depend upon industry preparedness, though the government has been keen on the Independence Day launch
 "Commercial 5G services will be rolled out in 13 cities in 2022: DoT")
'Bright future' for Indian used cars market in pandemic: RedSeer report
8.3 million units in sales expected by FY26 as people prefer to use their own vehicles for travel.
 "'Bright future' for Indian used cars market in pandemic: RedSeer report")
Insufficient balance, wrong PIN top reasons for failed digital transactions
Only 1.7 per cent of transactions are declined due to technical reasons such as connectivity issues.
 "Insufficient balance, wrong PIN top reasons for failed digital transactions")
Inflationary pressure may pinch consumer pocket less in 2022: Here's why
Looking back, 2021 was a bad year for consumers as they grappled with high prices and many also saw decline in incomes, job as well as business losses
 "Inflationary pressure may pinch consumer pocket less in 2022: Here's why")
Sanjay Kumar Singh appointed Steel Secretary, V Srinivas DARPG Secretary
Among other bureaucratic changes are Pankaj Jain, Additional Secretary, Department of Financial Services has been appointed as Secretary, Ministry of Petroleum & Natural Gas
 "Sanjay Kumar Singh appointed Steel Secretary, V Srinivas DARPG Secretary")
Exporters keeping fingers crossed as Covid infections increase
India saw the highest single day rise of Omicron infections with 156 fresh cases on Monday
Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA
Union Food Secretary Sudhanshu Pandey had called a meeting of industry leaders a few days back and requested them to respond positively to the reduction in import duties
 "Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA")
Amid boycott, India-China trade volume at record high of $100bn: Report
Amidst repeated domestic boycotts of Made-in-China, trade volume between India and China hit a record high of $100 billion by November, the Global Times reported
 "Amid boycott, India-China trade volume at record high of $100bn: Report")
Statsguru: Six charts show the rapid rise of ETF investing in India
The Securities and Exchange Board of India recently cleared the way for silver ETFs
 "Statsguru: Six charts show the rapid rise of ETF investing in India")
Planning wider implementation of mandatory gold hallmarking: Centre
The rollout of mandatory hallmarking of gold jewellery in 256 districts has been smooth so far, according to the Consumer Affairs Ministry.
 "Planning wider implementation of mandatory gold hallmarking: Centre")
Realtors on firm ground after tackling pandemic gloom; high hopes for 2022
A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year
 "Realtors on firm ground after tackling pandemic gloom; high hopes for 2022")