Page 1231 - Economy & Policy News
Exports, FDI numbers indicate Indian economy is back in action: Goyal
He said that merchandise exports during April-October this fiscal stood at USD 232 billion and total FDI during the first four months of this fiscal rose by 62 per cent
 "Exports, FDI numbers indicate Indian economy is back in action: Goyal")
Top headlines: Oct retail inflation up marginally; Hindalco Q2 net surges
Business Standard brings you the top stories from today
 "Top headlines: Oct retail inflation up marginally; Hindalco Q2 net surges")
We have become a less cash economy: Chidambaram's dig at Centre
Senior Congress leader P Chidambaram on Friday attacked the Modi government over demonetisation and raised questions over its goals, pointing to the 'rise' in cash in circulation.
 "We have become a less cash economy: Chidambaram's dig at Centre")
IIP growth slips to 3.1% in September on waning low base effect
Industrial production growth slips to 3.1 per cent in September, mainly due to the waning low base effect while mining and manufacturing sectors performed well
 "IIP growth slips to 3.1% in September on waning low base effect")
Leading the climate charge: India sets hard targets at COP26
Financial modelling of climate risks needs to be strengthened and supervisory tools for a more rigorous analysis of climate risks from businesses need to be reinforced
 "Leading the climate charge: India sets hard targets at COP26")
Steep input cost hike forces foundry industry to curtail production
Foundries usually absorb commodity price rises of 2-3% every year. But in the past one year, prices of several commodities rose 60-150%
 "Steep input cost hike forces foundry industry to curtail production")
Insolvency proceedings can be initiated against state-owned discoms: Govt
Ministry of Power has affirmed that insolvency proceedings can be initiated against state-owned electricity distribution as well as generation firms in case of default of payment by the creditors
 "Insolvency proceedings can be initiated against state-owned discoms: Govt")
Mega trade fair IITF set to make comeback after a gap of one year
The largest annual fair held in the national capital will see about 3,000 exhibitors from India and abroad, with participation from 20 states, three union territories and nine countries
 "Mega trade fair IITF set to make comeback after a gap of one year")
Top headlines: Lancet reviews Covaxin, China's Xi Jinping extends power
Nykaa pays Rs 148 crore to investment bankers for managing its listing. More on that in our morning wrap.
 "Top headlines: Lancet reviews Covaxin, China's Xi Jinping extends power")
Won't have airlines to board if fare limits are not increased: Scindia
There won't be any airline in India to board if limits on domestic airfares are not increased as oil prices have jumped from USD 22 each barrel to USD 85 in the last eight months, Scindia said
 "Won't have airlines to board if fare limits are not increased: Scindia")
Fuel tax cuts to impact states' kitty by Rs 44,000 cr in FY22: Icra
While the Centre has reduced the road cess component of excise duty which is not shared with states, the cut will bring down the VAT kitty by Rs 9,000 crore, rating agency says
 "Fuel tax cuts to impact states' kitty by Rs 44,000 cr in FY22: Icra")
Inflation-growth dynamics make policy making tough in India: Fitch
Year-to-date inflation averaged 5.2 per cent which is slightly below Fitch Solution's full-year forecast of 5.5 per cent for 2021
 "Inflation-growth dynamics make policy making tough in India: Fitch")
New international travel guidelines: No Covid test for kids below 5 years
The new guidelines have also added Singapore to the list of countries-at-risk, which now includes ten nations
 "New international travel guidelines: No Covid test for kids below 5 years")
Corporate affairs ministry to test new MCA21 portal's Version 3 soon
The main purpose of the portal is to facilitate seamless integration and data exchange among regulators.
 "Corporate affairs ministry to test new MCA21 portal's Version 3 soon")
MCA plans to set up a IBC21 portal with data on bankruptcy proceedings
The project will be headed by the Insolvency and Bankruptcy Board of India and executed by an external agency, along the lines of the MCA21 portal
 "MCA plans to set up a IBC21 portal with data on bankruptcy proceedings")
How power ministry's view on discoms could expose them to insolvency suits
The ministry has said these entities do not fall under the category of govt companies, a view based on the argument that discoms do not perform sovereign functions
Govt includes CNG, LNG, 98 other advanced tech under auto PLI scheme
The scheme aims to boost manufacturing capability of the automobile sector, including the electric and hydrogen fuel cell vehicles
 "Govt includes CNG, LNG, 98 other advanced tech under auto PLI scheme")
Bright crop prospects will boost rural demand, says NITI Aayog
The consumer price index (CPI) fell to 4.3 per cent in September 2021, the lowest since April 2021.
 "Bright crop prospects will boost rural demand, says NITI Aayog")
From 2025, all new vehicles sold in India will need to be E20-compliant
E20 is petrol blended with extent to 20% ethanol
 "From 2025, all new vehicles sold in India will need to be E20-compliant")
Latest proposal on WTO subsidies still favours advanced fishing nations
While India is ready to take sustainability measures in fisheries and opposes irrational subsidies and overfishing by many countries, it may not agree to the latest proposal
 "Latest proposal on WTO subsidies still favours advanced fishing nations")