Page 1238 - Economy & Policy News
Hiring demand up 9% YoY in Oct, dips sequentially: Monster Employment Index
Hiring in hospitality and travel roles saw the highest month-on-month growth, indicating overall promising recovery for the sector
 "Hiring demand up 9% YoY in Oct, dips sequentially: Monster Employment Index")
Domestic air passenger traffic rises 67% to around 8.8 mn in Oct: ICRA
Domestic air passenger traffic grew by a whopping 67 per cent year-on-year at around 87-88 lakh in October, on the back of festive season demand amid continuous fall in the number of COVID-19
 "Domestic air passenger traffic rises 67% to around 8.8 mn in Oct: ICRA")
Avg price of 40-ft high cube Chennai container drops 5%: Container xChange
Price on October 25 was $5,400, compared with $5,700 in September, despite Covid-driven container shortage across the globe
 "Avg price of 40-ft high cube Chennai container drops 5%: Container xChange")
Nearly 24 mn income tax returns filed for FY21 so far, says I-T dept
Over 2.38 crore income tax returns have been filed for 2020-21 fiscal so far, the I-T department said on Tuesday
 "Nearly 24 mn income tax returns filed for FY21 so far, says I-T dept")
Credit rating agencies still vulnerable to new biz risks, say experts
Agencies insist they have improved supervision and governance
 "Credit rating agencies still vulnerable to new biz risks, say experts")
Centre appoints two of its nominees on the board of govt-owned DFI
Addl Secy at Department of Financial Services, Pankaj Jain and Addl Secy at DPIIT Sumita Dawra have been nominated as directors on the board of NaBFID
 "Centre appoints two of its nominees on the board of govt-owned DFI")
India set to achieve services export goal of $1 trn by 2030: Piyush Goyal
Minister says opening up of domestic legal services will benefit Indian lawyers as they'd have huge opportunities in Europe, Australia and America. But they must be taken on board on this issue
 "India set to achieve services export goal of $1 trn by 2030: Piyush Goyal")
One Sun, many hurdles: Why cross-border flow of green energy won't be easy
Establishing the cross-border flow of green energy under the One Sun declaration will involve many complexities
 "One Sun, many hurdles: Why cross-border flow of green energy won't be easy")
FM to meet heads of PSBs; nudge them for credit expansion to boost economy
The two-day meeting would commence on November 17 and undertake a comprehensive review of various segments
 "FM to meet heads of PSBs; nudge them for credit expansion to boost economy")
5G mobiles account for 22% share of India's smartphone shipment: CMR
5G smartphones such devices accounted for 22 per cent market share in the Q3 of 2021, CMR said
 "5G mobiles account for 22% share of India's smartphone shipment: CMR")
Office space leasing falls 4 pc to 25 mn sq ft during Jan-Sep: CBRE
The CBRE said office space leasing dropped across six major cities
 "Office space leasing falls 4 pc to 25 mn sq ft during Jan-Sep: CBRE")
States' borrowing cost declines sharply to 6.81% from 7.02%
Market borrowings by the states so far is 16 per cent less than that in the corresponding period of the last fiscal
 "States' borrowing cost declines sharply to 6.81% from 7.02%")
Govt notifies amended minerals concession rules to ease pricing pressure
New rules provide for sale of 50% of mineral produced from captive leases
 "Govt notifies amended minerals concession rules to ease pricing pressure")
Oil PSUs to set up 22,000 EV charging stations in the next 3-5 years
IOC, the country's largest state-controlled refiner by capacity, will set up EV charging facilities at 10,000 fuel outlets over the next three years, Chairman Shrikant Madhav Vaidya said
 "Oil PSUs to set up 22,000 EV charging stations in the next 3-5 years")
Dairy industry in India to grow by 9-11% in FY22, says report
The dairy industry is expected to grow by 9-11 per cent in 2021-22, driven by a revival in economic activities, increasing per capita consumption of milk and milk products, according to a report
 "Dairy industry in India to grow by 9-11% in FY22, says report")
India to achieve 50% clean energy share before 2030 deadline: Singh
India will easily achieve the target of 50 per cent share of energy from non-fossil fuels and also the 500-gigawatt (GW) renewable energy capacity before the deadline of 2030
 "India to achieve 50% clean energy share before 2030 deadline: Singh")
Centre proposes model policy to encourage film shoots and promote tourism
Since 2015 the Film Facilitation Officer under NFDC has facilitated 120 film makers from 27 countries to shoot in India
 "Centre proposes model policy to encourage film shoots and promote tourism")
Around 7 bcm of LNG reserves likely to rein in fuel price volatility
Estimate based on similar proportion of reserves in developed countries
 "Around 7 bcm of LNG reserves likely to rein in fuel price volatility")
Global banks' new decarbonisation initiative at COP26 is a step backwards
It wouldn't make sense to abruptly forbid lending to non-green projects now, since the world needs to avoid hitting hardest banks most involved in carbon-heavy sectors.
 "Global banks' new decarbonisation initiative at COP26 is a step backwards")
Can star-studded Diwali show bring the sparkle back to cinema halls?
Stars are returning to India's big screens. In the past year, streaming platforms like Netflix and Hotstar had become the only avenue for producers. But Diwali releases may be reversing the trend
 "Can star-studded Diwali show bring the sparkle back to cinema halls?")