Page 1233 - Economy & Policy News

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

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%

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

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

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.

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

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

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

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

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.

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

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

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.

From 2025, all new vehicles sold in India will need to be E20-compliant

E20 is petrol blended with extent to 20% ethanol

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

Auction for 5G spectrum likely in April-May 2022: Ashwini Vaishnaw

The Communications Minister's comment assumes significance as the DoT was earlier hopeful of holding 5G auctions by the end of the current fiscal

ONGC must engage pvt sector to boost domestic output: Oil secy Tarun Kapoor

Wants the energy giant to increase area under exploration; options on the table include selling stake to private players, exploring partnerships

Industry may move court against Haryana's 'restrictive' job reservation law

Law mandating 75 per cent reservation of jobs in the private sector for locals will hit small businesses hard.

How India's 5G rollout could compromise the safety of aircraft in flight

A US FAA bulletin says 5G airwaves could interfere with the functioning of an aircraft's radar altimeter, a critical piece of equipment that measures the height of the plane from the ground below