Page 1254 - Economy & Policy News
Job posting activity in Sept sees stable monthly growth of 1%: Report
Hiring demand has increased one per cent sequentially in September, led by printing and packaging on account of rising online sales, followed by BPO and ITeS, as well as import and export, says report
 "Job posting activity in Sept sees stable monthly growth of 1%: Report")
Draft Delhi Master Plan 2041: Second hearing of board of enquiry on Oct 20
The second meeting of a board of enquiry set up for hearing and considering objections and suggestions of public on draft Master Plan of Delhi 2041 is slated to be held on October 20, officials said
 "Draft Delhi Master Plan 2041: Second hearing of board of enquiry on Oct 20")
FMCG growth in rural area moderates, urban market picking up; says HUL CMD
Faced with "unprecedented" inflation in certain commodities like palm oil, crude based derivatives and tea, and ocean freight, HUL has hiked prices in the past three quarters
 "FMCG growth in rural area moderates, urban market picking up; says HUL CMD")
Coal supply prioritised temporarily to power sector to replenish stock: CIL
The statement assumes significance in the wake of the country's power plants grappling with fuel shortages.
 "Coal supply prioritised temporarily to power sector to replenish stock: CIL")
Top headlines: IPO-bound Ola to see top-level exits; CRED valued at $4 bn
Moody's upgrades outlook on Indian banking from 'negative' to 'stable'
 "Top headlines: IPO-bound Ola to see top-level exits; CRED valued at $4 bn")
MP to give Rs 20,500 crore power subsidy to farmers, domestic consumers
MP cabinet approved subsidy in power bills of over Rs 15,700 crore for farmers, and the continuance of subsidy of Rs 4,980 crore for domestic electricity consumers during the current fiscal
 "MP to give Rs 20,500 crore power subsidy to farmers, domestic consumers")
Coal crisis: Power projects with less than 4-day coal stock dips to 58
The coal stock situation at thermal power projects has improved further as the number of non-pit head projects having less than four days of coal reduced to 58 on Monday from 69 a week ago
 "Coal crisis: Power projects with less than 4-day coal stock dips to 58")
Coal, railway, power ministers discuss coal supply at power plants
The meeting comes against the backdrop of power plants grappling with coal shortages.
 "Coal, railway, power ministers discuss coal supply at power plants")
Rising commodity prices to push CAD to 1.3% or $40 bn this fiscal: Report
Given the sharp increase in global commodity prices, particularly oil, concerns about current account deficit (CAD) and its serviceability have resurfaced
 "Rising commodity prices to push CAD to 1.3% or $40 bn this fiscal: Report")
Aluminium firms draw costly power from grid, hurting utilities low on coal
A crippling shortage across the country has pushed state-run Coal India to impose temporary supply curbs to non-power consumers
 "Aluminium firms draw costly power from grid, hurting utilities low on coal")
India only G20 nation well on track to achieve Paris agreement goal: Kant
India's efforts in mainstreaming sustainability and reducing carbon footprint should inspire countries across the world, Niti Aayog CEO Amitabh Kant said
 "India only G20 nation well on track to achieve Paris agreement goal: Kant")
Centre infused Rs 131,000 cr to boost agriculture, allied sectors: Minister
The Centre has infused Rs 1,31,000 crore to boost agriculture and allied sectors with special emphasis on becoming an export-oriented economy as India has tremendous potential to satiate global demand
 "Centre infused Rs 131,000 cr to boost agriculture, allied sectors: Minister")
Around 44% people living in Delhi slums depend on bottled water: Report
Nearly 44 per cent residents of Delhi slums depend on bottled water for drinking purposes, while around 76 per cent of households in the city have piped water connections, revealed a report
 "Around 44% people living in Delhi slums depend on bottled water: Report")
India pushing to get LIC IPO done on time: FM Sitharaman
Finance Minister announced plans to sell shares in the insurer in February 2020, but pandemic slowed the process
 "India pushing to get LIC IPO done on time: FM Sitharaman")
Some capital will flow out of India if US Fed does any tapering, warns IMF
Says forex reserve are adequate and inflation is down, but must be watched due to supply bottlenecks; cuts potential medium term growth by 25bps to 6% due to Covid impact
 "Some capital will flow out of India if US Fed does any tapering, warns IMF")
Need of the hour is to focus on supply-side reforms, says RBI
Says policy support for sustained, inclusive recovery may be needed for longer
 "Need of the hour is to focus on supply-side reforms, says RBI")
Housing sales on recovery road, up 59% annually in Jul-Sep across 8 cities
Housing sales across eight major cities registered an annual growth of 59% during July-September at 55,907 units, but demand jumped over three-fold against the previous quarter
 "Housing sales on recovery road, up 59% annually in Jul-Sep across 8 cities")
Indian travel market to cross $125 billion by FY27, says report
The surge in travel is fueled by improving airport infrastructure and increasing access to passports
 "Indian travel market to cross $125 billion by FY27, says report")
Super Sunday for airlines, Dusshera boosts traffic to post-resumption peak
Over 327,000 passengers took 2,372 flights, half of which were operated by IndiGo
 "Super Sunday for airlines, Dusshera boosts traffic to post-resumption peak")
ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid
Talks will also revolve round the $1 trillion Solar Investment Roadmap for 2030, and approval of a blended financial risk mitigation facility
 "ISA targets $1 trn in solar funds by 2030; S Asia in phase-1 of world grid")