Page 1200 - Economy & Policy News
Bank deposit insurance cover upped to Rs 5 lakh, refund in 90 days: Goyal
The amount has to be refunded to the depositor within 90 days
 "Bank deposit insurance cover upped to Rs 5 lakh, refund in 90 days: Goyal")
Power consumption rises 1.3% to 34.23 bn units in 1st ten days of December
India's power consumption grew by 1.3 per cent in the first ten days of this month from December 1 to 10 to 34.23 billion units (BU) over the same period a year ago, according to power ministry data.
 "Power consumption rises 1.3% to 34.23 bn units in 1st ten days of December")
PM Modi to address bank deposit insurance programme today
Prime Minister Narendra Modi will address the function on 'Depositors First
 "PM Modi to address bank deposit insurance programme today")
IIP continued to recover in Oct; Omicron impact to be less severe: FinMin
Department of Economic Affairs asserts that economic recovery to gain further momentum remaining two quarters of FY22
 "IIP continued to recover in Oct; Omicron impact to be less severe: FinMin")
Over 50,000 MSMEs in Coimbatore to down shutters on December 20
Over 50,000 MSMEs in the district would participate in the one-day closure of industries on December 20 to draw the attention of the Centre on issues, including skyrocketing price of raw materials.
 "Over 50,000 MSMEs in Coimbatore to down shutters on December 20")
'Edible oil prices down Rs 8-10 per kg in last 30 days; may fall further'
Edible oil prices declined by Rs 8-10 per kg in last one month mainly on the back of lower import duties and may fall by Rs 3-4 per kg in coming months
 "'Edible oil prices down Rs 8-10 per kg in last 30 days; may fall further'")
Odisha extends additional rice distribution for 4 months till 2022 March
Odisha has extended distribution of additional 5 kg of rice per head free of cost to beneficiaries of the State Food Security Scheme for four more months
 "Odisha extends additional rice distribution for 4 months till 2022 March")
Food service industry expected to grow by 9% CAGR over FY20-25E: MOFSL
The Indian food service industry (FSI) is expected to grow by nine per cent CAGR over FY20-25E, said Motilal Oswal Financial Services
 "Food service industry expected to grow by 9% CAGR over FY20-25E: MOFSL")
High prices of automobiles likely to persist during next year: Report
High prices of automobiles are likely to persist at elevated levels even during 2022, said Grant Thornton Bharat in a report.
 "High prices of automobiles likely to persist during next year: Report")
Country of origin: 200 govt notices issued to e-tailers over norm breach
This has been done to facilitate the consumer in taking an informed and conscious decision based on the country of origin of the product
 "Country of origin: 200 govt notices issued to e-tailers over norm breach")
IIP growth dips to eight-month low of 3.2% in Oct as manufacturing drags
The index had risen 4.5 per cent in October last year against 1 per cent in the previous month
 "IIP growth dips to eight-month low of 3.2% in Oct as manufacturing drags")
Controlling mergers in digital markets a challenge: CCI chief Ashok Gupta
'Merger reviews in technology markets need to be guided by case-specific economic evidence,' says Ashok Gupta.
 "Controlling mergers in digital markets a challenge: CCI chief Ashok Gupta")
Of 2.8 mn hectares, 58% potential oil palm acreage lies in 5 states: ICAR
According to officials, the new mission plans to raise oil palm cultivation to one million hectares by 2025-26 and 1.7-1.8 million hectares by 2029-30.
 "Of 2.8 mn hectares, 58% potential oil palm acreage lies in 5 states: ICAR")
Reserve Bank may rationalise some payment charges, says industry
Others say central bank may relook zero merchant discount rate on RuPay, UPI
 "Reserve Bank may rationalise some payment charges, says industry")
Regulators, policymakers should predict innovation-led disruptions: TRAI
Regulators and policymakers should proactively follow technological developments, predict innovation-led disruptions and manage them effectively and constructively, at a day and age where new generation of mobile communication will be seen in less than 10 years, TRAI Chairman PD Vaghela said on Friday.
 "Regulators, policymakers should predict innovation-led disruptions: TRAI")
Indian steel prices won't fall as much as global rates: JSW's Seshagiri Rao
JSW Steel MD and group CFO Seshagiri Rao said Indian steel prices were at a discount to international prices during the rally and therefore the correction will not be as steep
 "Indian steel prices won't fall as much as global rates: JSW's Seshagiri Rao")
Conciliation committees should decide road infra cases in 3 months: Gadkari
Gadkari further said there is a need to reduce delay in the decision making process
 "Conciliation committees should decide road infra cases in 3 months: Gadkari")
Efforts on to turn India into global hub of drone technology, says Scindia
Union Civil Aviation Minister Jyotiraditya Scindia on Friday said rapid efforts are on to turn India into a global hub of drone technology.
 "Efforts on to turn India into global hub of drone technology, says Scindia")
Stalin govt to rope in NRI Tamilians in bid to achieve $1-trn economy goal
List of globally known Tamil-origin people includes Google's Sunder Pichai, former Pepsico chief Indra Nooyi and Novartis CEO Vasant Narasimhan
 "Stalin govt to rope in NRI Tamilians in bid to achieve $1-trn economy goal")
Industrial production grows 3.2% in October: Govt data
India's industrial production rose 3.2 per cent in October, according to official data released on Friday.
 "Industrial production grows 3.2% in October: Govt data")