Page 1235 - Economy & Policy News
India looking at reciprocal access to foreign mkts through FTAs: Goyal
India is looking at reciprocal and equitable access to foreign markets through FTAs, which the country is negotiating with its trading partners, Commerce and Industry Minister Piyush Goyal said
 "India looking at reciprocal access to foreign mkts through FTAs: Goyal")
Surge in occupancies, earnings triggers flurry of new hotel signings
Hotel chains and developers are busy inking partnership deals and announcing a flurry of new openings.
 "Surge in occupancies, earnings triggers flurry of new hotel signings")
Credit active consumers rise 7% during Feb-Oct this year: Report
According to the report, credit inquiries also jumped 54 per cent during the said period
 "Credit active consumers rise 7% during Feb-Oct this year: Report")
DGCA starts eGCA portal for pilots, engineers, trainers, in tie-up with TCS
With this portal DGCA and TCS will help eGCA to deliver anytime-anywhere regulatory approval digitally
 "DGCA starts eGCA portal for pilots, engineers, trainers, in tie-up with TCS")
Growth to exceed 10% in FY22 on strong agri recovery, says Niti VC
Indian economy is expected to grow by more than 10 per cent in the current fiscal supported by a record kharif crop and bright rabi prospects, Niti Aayog Vice-Chairman Rajiv Kumar has said
 "Growth to exceed 10% in FY22 on strong agri recovery, says Niti VC")
Govt's plans for 20% ethanol blending will cut sugar subsidy: Oil secretary
India's plans to blend 20% ethanol with petrol from April 2023 will help cut sugar export subsidies, Oil Secretary Tarun Kapoor told reporters on Thursday
 "Govt's plans for 20% ethanol blending will cut sugar subsidy: Oil secretary")
India's GDP to rise by $406 bn by 2050 in net-zero scenario: Report
India's GDP will rise by USD 406 billion by 2050 and more than 43 million jobs will be created, as the Asia's third-largest economy leaps towards a net-zero target, according to a report
 "India's GDP to rise by $406 bn by 2050 in net-zero scenario: Report")
CAD seen hitting 1.4% or $45 bn by March as crude soars: Report
India's widening current account deficit is set to put pressure on the fragile recovery, warns a brokerage report that has revised upwards its CAD forecast to $45 billion or 1.4% of GDP by March
 "CAD seen hitting 1.4% or $45 bn by March as crude soars: Report")
Scindia launches online platform to provide 298 services of DGCA
Civil Aviation Minister Jyotiraditya Scindia Thursday launched an online platform through which aviation regulator DGCA will provide its 298 services including pilot licensing and medical examination
 "Scindia launches online platform to provide 298 services of DGCA")
Cabinet approval for new Census dates including NPR expected soon
The dates being considered are likely to somewhat delay the crucial population count later in calendar year 2022. The approvals for doing the exercise in 2021 have run out
 "Cabinet approval for new Census dates including NPR expected soon")
Andhra Pradesh revenue deficit soars 662% in first half of 2021-22
Andhra Pradesh's revenue deficit soared by an unprecedented 662.80 per cent while the fiscal deficit was up 107.79 per cent in the first half of the 2021-'22 financial year
 "Andhra Pradesh revenue deficit soars 662% in first half of 2021-22")
PM to launch RBI's retail direct, integrated ombudsman schemes on Friday
Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India, the retail direct scheme and the integrated ombudsman scheme, via video-conferencing
 "PM to launch RBI's retail direct, integrated ombudsman schemes on Friday")
GDP to expand at 9.5% as growth impulses strong: RBI Governor Das
Stating that growth impulses and the fast-moving economic indicators are strong, RBI Governor Shaktikanta Das exuded confidence in the economy clipping at the projected 9.5% growth this fiscal
 "GDP to expand at 9.5% as growth impulses strong: RBI Governor Das")
RBI Governor Shaktikanta Das reiterates opposition to cryptocurrencies
The monetary authority again reiterated its strong views against cryptocurrencies saying they pose serious threats to the macroeconomic and financial stability of the country
 "RBI Governor Shaktikanta Das reiterates opposition to cryptocurrencies")
Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares
Goldman Sachs is set to plow at least $30 billion into Asian alternative assets. More on that story in our top headlines this morning.
 "Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares")
Aim to cut imports, Commerce Ministry shares list of items with ministries
The cumulative share of these items is 57.66 per cent in total import during the March-August 2021 period
 "Aim to cut imports, Commerce Ministry shares list of items with ministries")
FM Sitharaman to meet heads of banks, other institutions next week
The two-day conference, beginning November 17, would see participation from all public sector banks and financial institutions (FIs)
 "FM Sitharaman to meet heads of banks, other institutions next week")
UPI AutoPay sees 28.34% rise in recurring mandates, shows data
Records over 4 mn mandate registrations in October, as against 3 mn in September
 "UPI AutoPay sees 28.34% rise in recurring mandates, shows data")
Centre to restore MPLADS fund for last four months of FY22
Under the scheme, MPs can recommend development programmes involving expenditure of Rs 5 crore every year in their constituencies
 "Centre to restore MPLADS fund for last four months of FY22")
Cement price will rise as cost of coal is up, says India Cements
The India Cements Ltd on Wednesday said price of cement would increase
 "Cement price will rise as cost of coal is up, says India Cements")