Page 1210 - Economy & Policy News
'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'
The amount related to frauds of Rs 1 lakh and above has declined over the period
 "'PSBs recovered Rs 4.18 trn related to frauds, defaults in last 3 fiscals'")
Time limit for life certificate submission by pensioners extended to Dec 31
The decision was taken in view of the ongoing Covid-19 pandemic
 "Time limit for life certificate submission by pensioners extended to Dec 31")
States borrowing cost again on a song, hits 1-month high at 6.80%
At the weekly auction of state development loans, six states raised just Rs 8,000 crore, which is 41 per cent lower than the indicated Rs 13,600 crore
 "States borrowing cost again on a song, hits 1-month high at 6.80%")
Indian geospatial market can grow at 12.8% to Rs 63,100 cr by 2025-Report
India's geospatial economy is currently valued at Rs 38,972 crore and has potential to grow to Rs 63,100 crore at 12.8 per cent by 2025 end, according to India Geospatial Artha Report
 "Indian geospatial market can grow at 12.8% to Rs 63,100 cr by 2025-Report")
PLI scheme in food processing will allow large scale capacity: FMCG cos
With the government approving their applications for the production linked incentive (PLI) scheme in food processing, the companies said it will also play a key role in promoting job creation
 "PLI scheme in food processing will allow large scale capacity: FMCG cos")
Andhra Pradesh CM Jagan puts Covid-19 loss at Rs 30,000 crore
In 2019-20 financial year, the state suffered a revenue loss of Rs 8,000 crore and in 2020-21 another Rs 14,000 crore
 "Andhra Pradesh CM Jagan puts Covid-19 loss at Rs 30,000 crore")
Govt inks 2 loan agreements of Rs 2,074 cr with Asian Development Bank
The loan agreements are for an affordable housing project in Tamil Nadu and a water sanitation programme in Uttarakhand
 "Govt inks 2 loan agreements of Rs 2,074 cr with Asian Development Bank")
India exports Rs 27,575 cr worth of marine products in Apr-Sept: Centre
The country exported 6.05 lakh tonnes of marine products worth Rs 27,575 crore in the first six months of the current financial year 2021-22 with the most exports undertaken from Andhra Pradesh
 "India exports Rs 27,575 cr worth of marine products in Apr-Sept: Centre")
RBI may keep policy rates steady amid Omicron variant scare
The last time the RBI changed the policy rate was in May 2020
 "RBI may keep policy rates steady amid Omicron variant scare")
Here's why govt may link price of coking coal to imported dry fuel
About 50 million tonnes (MT) coking coal is imported by the country on an annual basis and the value of coking coal imported in 2020-21 was Rs 45,435 crore
 "Here's why govt may link price of coking coal to imported dry fuel")
Web 3.0 a $1.1 trn growth opportunity for India: USISPF-CrossTower research
Digital assets like Bitcoin, Ether, Solana, etc are the fuel of future financial ecosystem and Web 3.0, report says; CrossTower chief says India's stance on crypto is unfavourable
 "Web 3.0 a $1.1 trn growth opportunity for India: USISPF-CrossTower research")
India exports 939,000 tonnes of sugar so far this marketing year: AISTA
Sugar mills have exported 9.39 lakh tonnes of the sweetener till the first week of December during the ongoing 2021-22 marketing year that started from October 1, and are not in hurry to sell further
 "India exports 939,000 tonnes of sugar so far this marketing year: AISTA")
Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022
Rosneft has signed a deal to supply refiner Indian Oil Corp (IOC) with up to 2 million tonnes of crude next year
 "Russia's Rosneft signs deal with Indian Oil to supply crude oil in 2022")
Centre's fertiliser subsidy bill expected to rise 62% in FY22: CRISIL
A rise in the prices of natural gas and other raw materials is expected to raise the Centre's fertiliser subsidy bill by 62 per cent to Rs 130,000 crore in FY22, Crisil Ratings said.
 "Centre's fertiliser subsidy bill expected to rise 62% in FY22: CRISIL")
Is India getting its act together on privatisation?
The govt's privatisation policy aims to keep minimum presence in specified strategic sectors and privatise the rest. Let us find out how the Centre is moving ahead with its mega privatisation plan
 "Is India getting its act together on privatisation?")
No plans to boost cryptocurrency sector in India, FinMin tells Lok Sabha
The RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption
 "No plans to boost cryptocurrency sector in India, FinMin tells Lok Sabha")
Recovery tracker: Workplace attendance continues to rise despite Omicron
Drop in retail and recreation visits, essential shopping
 "Recovery tracker: Workplace attendance continues to rise despite Omicron")
Rising soybean rates cheer farmers, rattle poultry and oilseed extractors
Trade sources said lack of clarity on whether or not import of GM soybean meal beyond Jan 31 has been allowed is raising market sentiments along with overall bullishness in the edible oils complex
 "Rising soybean rates cheer farmers, rattle poultry and oilseed extractors")
PSBs restructure over Rs 58,500 cr loan advanced to 1 mn MSME acc: Govt
While, as many as 8.5 lakh accounts of individual borrowers of over Rs 60,000 crore have also been restructured
144 central infra projects had delays in FY22; cost overrun at Rs 14,960 cr
Statistics Minister Rao Inderjit Singh informed Parliament
 "144 central infra projects had delays in FY22; cost overrun at Rs 14,960 cr")