Page 1245 - Economy & Policy News
GST revenue at over Rs 1.3 trn in Oct; second highest so far: Govt
Revenues for October 2021 are 24 per cent higher than the GST revenues in the same month last year.
 "GST revenue at over Rs 1.3 trn in Oct; second highest so far: Govt")
Asian factories shake off lockdown blues, now face supply headaches
Asia's factory activity stepped up a gear in October
 "Asian factories shake off lockdown blues, now face supply headaches")
CCI issues order against firms guilty of bid-rigging and cartelization
The Competition Commission of India (CCI) issued a final order on Friday against six firms
 "CCI issues order against firms guilty of bid-rigging and cartelization")
MG Motor reports 24% drop in retail sales in Oct amid production challenges
MG Motor India on Monday reported 24 per cent dip in retail sales at 2,863 units in October 2021 amid production challenges due to semiconductor shortage
 "MG Motor reports 24% drop in retail sales in Oct amid production challenges")
TVS launches 125 cc-motorcycle Raider in Nepal, targets young customers
The Chennai-based company on Monday said it has launched its newly introduced motorcycle in Nepal
 "TVS launches 125 cc-motorcycle Raider in Nepal, targets young customers")
Top lenders fuel higher consumer spending in India with easy credit
HDFC Bank's retail loans surged 12.9% in the three months ended September from a year earlier, the lender's first double-digit growth in such loans since the onslaught of the pandemic
 "Top lenders fuel higher consumer spending in India with easy credit")
TCS expands partnership with Malaysia's Celcom for digital transformation
With the new core platforms transformation project, TCS will enable Celcom to further enhance its digital and platform positioning through advanced digital capabilities
 "TCS expands partnership with Malaysia's Celcom for digital transformation")
Hybrid to be new norm for return to work, finds Nasscom-Indeed study
The hybrid work model is the preferred choice of over 70 per cent of organisations according to the study
 "Hybrid to be new norm for return to work, finds Nasscom-Indeed study")
Wealthtech platform Fintso buys WealthMagic in part-equity, part-cash deal
The combined entity will now cater to over 1.5 million retail investors with investments to the tune of Rs 1.4 trillion ($20 billion) of assets
 "Wealthtech platform Fintso buys WealthMagic in part-equity, part-cash deal")
What does Shaktikanta Das' reappointment mean for markets?
A three-year extension for Shaktikanta Das as RBI Governor signals the govt's endorsement of his policies. Now, what does his extension mean for the markets? This report examines
 "What does Shaktikanta Das' reappointment mean for markets?")
Glasgow COP26: Riding on 450 GW, India to ask for more carbon space
Fissures between developed and developing world expected to widen
 "Glasgow COP26: Riding on 450 GW, India to ask for more carbon space")
COP26 Glasgow 2021: What can India hope to achieve?
We examine India's agenda at COP26 Glasgow 2021 climate change conference, what it hopes to achieve and what are the challenges. The fate of humanity arguably depends on the outcome of COP26
 "COP26 Glasgow 2021: What can India hope to achieve?")
Eastern Railways resume local train services with 50 pc seating capacity
The train services will be brought back on track after nearly six months as per the normal timetable while maintaining Covid-19 restrictions.
 "Eastern Railways resume local train services with 50 pc seating capacity")
Asian factories shake off lockdown blues, now face supply headaches
Factory activity in October expanded in Vietnam, Indonesia and Malaysia as operations gradually normalised after being hit by shutdowns caused by a spike in COVID-19 infections.
 "Asian factories shake off lockdown blues, now face supply headaches")
Japan's factory activity expands at fastest pace in 6 months in October
The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index in Oct rose to 53.2 on a seasonally adjusted basis from 51.5 in the previous month, expanding for the ninth consecutive months.
 "Japan's factory activity expands at fastest pace in 6 months in October")
Statsguru: Six charts show India's infrastructure projects in a slow lane
Among sectors, water, telecom and Railways faced the highest cost overruns
 "Statsguru: Six charts show India's infrastructure projects in a slow lane")
Realtors see residential housing sales hitting new peak in 2 years
Stamp duty cut, low-interest rates, lower prices are a trigger
 "Realtors see residential housing sales hitting new peak in 2 years")
India's economy takes 'formal' leap as informal shrinks drastically: Study
15-20% of economy informal now as against 52% in FY18; digitisation, gig economy key drivers: Study
 "India's economy takes 'formal' leap as informal shrinks drastically: Study")
Climate change talks incomplete sans green energy focus: ISA's Ajay Mathur
In an interview with Jyoti Mukul & Shreya Jai, International Solar Alliance (ISA) Director-General (D-G) Ajay Mathur says India and the UK have combined their green grid initiatives
 "Climate change talks incomplete sans green energy focus: ISA's Ajay Mathur")
Kisan Rail: Railways gives subsidy of Rs 95 cr, reimbursed with Rs 55 cr
While the Kisan Rail has come as a boon for farmers across the country, the railways has been left with a burden of about Rs 40 crore in the form of unpaid reimbursements from MoFPI