Page 1240 - Economy & Policy News
Noteban will be marked among worst policy blunders: Jairam Ramesh
Demonetisation, which was announced on this day in 2016, will be marked in the world's economic history as among the "worst policy blunders", senior Congress leader Jairam Ramesh said on Monday
 "Noteban will be marked among worst policy blunders: Jairam Ramesh")
Five years after demonetisation, high value notes comprise 85.7% of total
The composition of the high value bank notes - Rs 500 and Rs 2,000 - in terms of their volume in the total circulation also underwent interesting changes over the last five years
 "Five years after demonetisation, high value notes comprise 85.7% of total")
MCA21's version-3 to offer better user experience, enhanced scrutiny
The main purpose of the portal would also be to facilitate seamless integration and data exchange among regulators
 "MCA21's version-3 to offer better user experience, enhanced scrutiny")
Indian economy will survive headwinds from a taper by US Fed, says FinMin
The Centre's fiscal deficit touched just 35 per cent of the Budget Estimates in the first six months of 2021-22
 "Indian economy will survive headwinds from a taper by US Fed, says FinMin")
Private sector looks for ways to liquidate excess vaccine stock
Some hospitals have opened talks with companies to take the unused doses back and distribute them in areas that need them
 "Private sector looks for ways to liquidate excess vaccine stock")
Indian economy likely to remain cash-dependent for many years to come
After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows RBI data
 "Indian economy likely to remain cash-dependent for many years to come")
Inflation cools in September, but inflationary pressure is building up
Crop damage, import constraints may cause vegetable inflation to spike; global commodity scenario is taking a toll on raw materials
 "Inflation cools in September, but inflationary pressure is building up")
Finmin to start process for appointment of MD, DMDs of Rs 20K-cr NaBFID
Last month, the government appointed veteran banker K V Kamath as the chairperson of the National Bank for Financing Infrastructure and Development (NaBFID) for three years
 "Finmin to start process for appointment of MD, DMDs of Rs 20K-cr NaBFID")
2021-22 Economic Survey may revert to one volume after eight years
The Economic Survey sets the context in which the Union Budget is presented by the Finance Minister
 "2021-22 Economic Survey may revert to one volume after eight years")
Airports woo lifestyle brands to grow non-aero biz as air traffic rebounds
Major private airports witnessed 12% CAGR growth in non-aeronautical revenue between FY 2017-2021, as per Icra report
 "Airports woo lifestyle brands to grow non-aero biz as air traffic rebounds")
Travel companies see brisk business as more countries open up borders
Wider recognition of Covaxin has also helped in opening up travel opportunities for those vaccinated with the jab
 "Travel companies see brisk business as more countries open up borders")
Five years after demonetisation: How much has Indian economy changed?
Five years after demonetisation, the share of high-denomination currency notes in the economy remains the same as it was in the pre-demonetisation period
 "Five years after demonetisation: How much has Indian economy changed?")
Demonetisation, 5 years on: Key economic indicators paint a mixed picture
Today marks the fifth anniversary of demonetisation. How has the historic event impacted the economy? Let's take a look at how some of the indicators have progressed since the 2016 'note ban'
 "Demonetisation, 5 years on: Key economic indicators paint a mixed picture")
Story in numbers: Goa sees rise in women-owned bank accounts, shows data
As in many other state, in Goa too, assertion by women is backed by their capacity to take financial decisions
 "Story in numbers: Goa sees rise in women-owned bank accounts, shows data")
India's economic recovery gains momentum in recent months: PHDCCI
The PHDCCI Economy GPS Index for October 2021 increased to 131 as compared with 113.1 in the previous month
 "India's economic recovery gains momentum in recent months: PHDCCI")
Total tax on petrol down to 50%, diesel to 40% after excise duty cuts
The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices
 "Total tax on petrol down to 50%, diesel to 40% after excise duty cuts")
Post demonetisation, notes in circulation on rise; so are digital payments
Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes
 "Post demonetisation, notes in circulation on rise; so are digital payments")
Energy crisis in India, China that helped revive coal is easing for now
Spot power prices have tumbled in India as electricity shortfalls have been addressed
 "Energy crisis in India, China that helped revive coal is easing for now")
India ready to move into next orbit of growth: SBI Chief Khara
Khara expressed hope that capacity utilisation will improve, and help revive investment demand in the corporate sector
 "India ready to move into next orbit of growth: SBI Chief Khara")
Real GDP expected to grow at 8-9% YoY in Q2FY22: Motilal Oswal
The real GDP is the inflation adjusted figure of all the finished goods and services produced in a country within a specific time period
 "Real GDP expected to grow at 8-9% YoY in Q2FY22: Motilal Oswal")