Page 1185 - Economy & Policy News
Indian electronics manufacturing sector to touch Rs 7 trn next fiscal
The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and incentive schemes for wearables and IT hardware
 "Indian electronics manufacturing sector to touch Rs 7 trn next fiscal")
Govt to tweak subsidy policy to promote local production of P&K fertiliser
A decision in this regard was taken in a high-level meeting chaired by Union Minister for Chemicals and Fertilizers Mansukh Mandaviya
 "Govt to tweak subsidy policy to promote local production of P&K fertiliser")
Assam's growth rate declines, fiscal deficit, debts rose in 2019-20: CAG
Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a CAG report said
 "Assam's growth rate declines, fiscal deficit, debts rose in 2019-20: CAG")
GST officers unearth Rs 150 crore cash at UP businessman house
GST officers on Friday searched residences of partners of UP-based Odochem Industries and unearthed over Rs 150 crore cash, along with factory premises of Shikhar brand Pan Masala manufacturer and a transporter on charges of under-invoicing and tax evasion.
 "GST officers unearth Rs 150 crore cash at UP businessman house")
Maharajas' Express back on track, signals return of foreign tourists
The last trip for Maharajas' Express was in February 2021, and two more trips scheduled for March 2021 were cancelled to check the spread of the Covid-19 pandemic
 "Maharajas' Express back on track, signals return of foreign tourists")
ONDC-based e-commerce applications likely in the next two years
A consumer searching for the product can see the location of the seller and may opt to buy from the neighbourhood shop that can deliver faster compared to an e-commerce company.
 "ONDC-based e-commerce applications likely in the next two years")
BofA expects 8.2% GDP growth for India in FY23 with more downside risks
The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists
 "BofA expects 8.2% GDP growth for India in FY23 with more downside risks")
Govt mandates telcos to keep call data, internet usage record for 2 years
Department of Telecom (DoT) has extended the duration of archiving call data and internet usage records of subscribers to two years from one year due to security reasons.
 "Govt mandates telcos to keep call data, internet usage record for 2 years")
India must nurture entrepreneurship in smaller cities: Piyush Goyal
Around 45 per cent Indian start-ups are from tier 2 and 3 cities and 623 districts have at least one recognised start-up.
 "India must nurture entrepreneurship in smaller cities: Piyush Goyal")
Govt imposes stock holding limits on soymeal till June 2022 to tame prices
Soymeal millers, processors can hold stocks only up to their 90 days of production, says circular.
 "Govt imposes stock holding limits on soymeal till June 2022 to tame prices")
Omicron spread: Night curfews may affect services sector recovery
During the first wave of the pandemic in 2020, a contraction in the services sector was sharper than in manufacturing and took seven months to return to expansion territory.
 "Omicron spread: Night curfews may affect services sector recovery")
58% Indians plan travel in next three months, says online survey
Similar outreach by LocalCircles in March said 50% participants had plans to travel.
 "58% Indians plan travel in next three months, says online survey")
Hiking GST on handlooms, textiles will ring death knell for industry: TRS
The working president of ruling TRS in Telangana K T Rama Rao urged Prime Minister Narendra Modi to intervene in the matter to save weavers
 "Hiking GST on handlooms, textiles will ring death knell for industry: TRS")
Indian engineering exports to China doubles in November 2021
The US, however, remained the top importer of Indian engineering goods
 "Indian engineering exports to China doubles in November 2021")
Nearly 48 mn new subscribers joined EPF scheme during 2017-21
Nearly five crore new subscribers joined Employees' Provident Fund (EPF) scheme between September 2017 and October 2021, the government data showed on Friday.
 "Nearly 48 mn new subscribers joined EPF scheme during 2017-21")
India and Australia discuss early conclusion of interim trade deal
Officials from both nations have been asked to expedite negotiations towards finalisation of the CECA
 "India and Australia discuss early conclusion of interim trade deal")
In India's water-stressed villages, Modi seeks a tap for every home
The ambitious project to meet a dire need shows Prime Minister Narendra Modi's strengths and helps explain his popularity despite a weakened economy
 "In India's water-stressed villages, Modi seeks a tap for every home")
Few takers for Subramanian's theory that GDP collapsed before Covid
But those involved with GDP calculations concede he used robust parameters
 "Few takers for Subramanian's theory that GDP collapsed before Covid")
Year In Review: Diluting green norms may derail India's climate goals
In 2021, the govt pushed renewables to meet its updated climate aims, but also came up with plans to clear forests and reduced scrutiny of polluting units that could cause further environmental damage
 "Year In Review: Diluting green norms may derail India's climate goals")
India's crude imports hit 10-month peak as refiners bank on strong demand
India's crude oil imports in November rose to their highest level in 10 months as refiners stocked up to boost runs in anticipation of strong demand
 "India's crude imports hit 10-month peak as refiners bank on strong demand")