Page 1195 - Economy & Policy News
Indian economy recovering well, but Omicron poses a risk: RBI bulletin
RBI's recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment
 "Indian economy recovering well, but Omicron poses a risk: RBI bulletin")
Govt allows Delhi NCR-based pharma and device makers to use diesel gensets
This decision also applies to factories in NCR which manufacture life saving drugs and devices.
 "Govt allows Delhi NCR-based pharma and device makers to use diesel gensets")
India will ensure internet isn't dominated by big corporates: Chandrasekhar
Union Minister Rajeev Chandrasekhar was responding to a question from Facebook India head Ajit Mohan on where the private sector fits into the govt's digitalisation push
 "India will ensure internet isn't dominated by big corporates: Chandrasekhar")
Cabinet approves Rs 76,000-cr scheme for semiconductor manufacturing
Rs 76,000 cr approved for development of semiconductors and display manufacturing ecosystem in India; Incentives of Rs 2.3 trn to position India as global hub for electronics manufacturing, says govt
 "Cabinet approves Rs 76,000-cr scheme for semiconductor manufacturing")
Uttarakhand: Weak economy that could get crippled without Centre's support
The hilly state going to polls early next year needs to set its finances in order, and address the employment challenge
 "Uttarakhand: Weak economy that could get crippled without Centre's support")
Uncertainty remains about new variants as global economy recovers: Gopinath
Gopinath further said the pandemic has been aggravated by the recent advent of the Omicron variant of coronavirus
 "Uncertainty remains about new variants as global economy recovers: Gopinath")
FM to hold pre-Budget meet with infra, financial sector players on Thursday
The two consultations with different stakeholder groups will be held virtually
 "FM to hold pre-Budget meet with infra, financial sector players on Thursday")
Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme
The Union Cabinet approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem
 "Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme")
Govt approves Rs 76,000-cr plan for semiconductor, display manufacturing
The move would further India's ambitions to be self-reliant in electronics manufacturing
 "Govt approves Rs 76,000-cr plan for semiconductor, display manufacturing")
Inflation spike: A dive into the long-term reasons throws up some surprises
Contrary to popular belief, food items aren't among the biggest culprits in this space; palm oil and cotton are two items that have done much more to disrupt the WPI numbers over time
 "Inflation spike: A dive into the long-term reasons throws up some surprises")
India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data
Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed
 "India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data")
Salaries of BSNL, MTNL staff paid till November: MoS Communications
For BSNL and MTNL, stiff competition and absence of 4G services (except in a few locations for BSNL) are eroding their competitive strength, the minister said
 "Salaries of BSNL, MTNL staff paid till November: MoS Communications")
Cabinet decision on semiconductors will boost innovation, manufacturing: PM
The Union Cabinet has approved a Rs 76,000-crore policy boost for semiconductor and display manufacturing ecosystem
 "Cabinet decision on semiconductors will boost innovation, manufacturing: PM")
High frequency indicators look upbeat, RBI officials on state of economy
A host of incoming high frequency indicators are looking upbeat and consumer confidence is returning gradually, an article on the state of economy written by RBI officials has observed.
 "High frequency indicators look upbeat, RBI officials on state of economy")
Domestic steel prices to soften 10-15% in 2022: S&P Global Platts
Domestic hot-rolled coil prices are expected to average Rs 53,550-56,700 a tonne in CY 2022. This compares with Rs 63,000 per tonne YTD in 2021, which is 58% higher than Rs 39,761 per tonne in CY2020
 "Domestic steel prices to soften 10-15% in 2022: S&P Global Platts")
Post-Covid, Gujarat dyes and agrochem sectors go for backward integration
Be it raw materials in fertilisers or crop protection, firms are adding plants or enhancing capacities to become self-reliant and looking to achieve multiple levels of backward integration
 "Post-Covid, Gujarat dyes and agrochem sectors go for backward integration")
States owned about Rs 4,750 cr as PMFBY premium subsidy dues till Rabi 2021
Delay on the part of states in releasing their share of premium subsidy under PMFBY has been a key reason for the delay in claim settlement over the years, the Centre informed Parliament
 "States owned about Rs 4,750 cr as PMFBY premium subsidy dues till Rabi 2021")
Industry players hail thrust on chip, display manufacturing in India
India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said this is a profound decision
Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks
Business Standard brings you the top stories on Wednesday
 "Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks")
Total length of national highways up at 140,937 km till Nov-end: Gadkari
The minister said 49 projects in about 4,970 km costing about Rs 113,000 crore are in various stages of progress and are targeted for completion by 2023-24
 "Total length of national highways up at 140,937 km till Nov-end: Gadkari")