Page 1258 - Economy & Policy News
OFB corporatisation alone won't make India more 'atmanirbhar' in defence
PM Narendra Modi has launched the seven new defence PSUs carved out of the Ordnance Factory Board. In an interview with Business Standard, defence expert Ajai Shukla explains what will change
 "OFB corporatisation alone won't make India more 'atmanirbhar' in defence")
PLI Scheme - How do production-linked incentive schemes work
How do performance-linked incentive schemes work? How do they spur production of goods? And how are the benefits passed on to manufacturers and consumers? Here's an explainer on PLI schemes
 "PLI Scheme - How do production-linked incentive schemes work")
India to buy coking coal from Russia; Steel firms look to diversify imports
Move is part of India's National Steel Policy 2017 under which the country aims to reach 300 mn tonne steel output by 2030 while simultaneously working on forward and backward integration
 "India to buy coking coal from Russia; Steel firms look to diversify imports")
Number of plants under outage down by 50% with improved coal supply: POSOCO
Total capacity under outage has reduced from to 6 Gw on October 13 from 11 Gw a day earlier
 "Number of plants under outage down by 50% with improved coal supply: POSOCO")
Will India gain by withdrawing equalisation levy in exchange for OECD deal?
There is little consensus among experts on whether or not the deal will bring in more revenues to India than the equalisation levy
 "Will India gain by withdrawing equalisation levy in exchange for OECD deal?")
OECD deal to rev up digitisation, says FM Nirmala Sitharaman
In meet with US CEOs, Sitharaman says India offers a spectrum of opportunities to businesses
 "OECD deal to rev up digitisation, says FM Nirmala Sitharaman")
Gati Shakti master plan may help cut logistics cost to 8% of GDP
Railways looking at Rs 50K cr of investments under the project
 "Gati Shakti master plan may help cut logistics cost to 8% of GDP")
Trade deficit at all-time high of $23 bn in Sept on festive season imports
Export growth halves to 23%, imports soar by 85%; repercussions likely on current account balance which is set to hit a deficit in Q2 against surplus in first quarter of current fiscal
 "Trade deficit at all-time high of $23 bn in Sept on festive season imports")
WPI-based inflation falls in Sep, but stays in double digits at 10.66%
Hardening global commodity prices spill over to domestic market
 "WPI-based inflation falls in Sep, but stays in double digits at 10.66%")
More countries keen on starting FTA talks with India: Piyush Goyal
Does not disclose names of countries; his statement comes at a time when India is gearing up to sign trade pacts with key trading partners
 "More countries keen on starting FTA talks with India: Piyush Goyal")
BS Number Wise: Cities leak money in supplying tap water to households
Households pay only a fraction of supply cost, and the government signs the bill for subsidies
 "BS Number Wise: Cities leak money in supplying tap water to households")
India offers spectrum of opportunities: FM Sitharaman tells CEOs
Sitharaman, 62, is currently in the American capital to attend the annual meetings of the International Monetary Fund and the World Bank
 "India offers spectrum of opportunities: FM Sitharaman tells CEOs")
Total acreage slightly up at 431,000 hectares till Oct 14 in Rabi season
Total area under coverage in the ongoing Rabi (winter-sown) season is marginally up at 431,000 hectares so far, mainly due to an increase in acreage of oilseeds crop
 "Total acreage slightly up at 431,000 hectares till Oct 14 in Rabi season")
Two more countries wants to start FTA talks with India: Piyush Goyal
Two more countries and a group have shown interest in negotiating free trade agreements with India, Commerce and Industry Minister Piyush Goyal said
 "Two more countries wants to start FTA talks with India: Piyush Goyal")
Coal India halts supply to non-power users, hitting industry
India is the world's second largest coal producer, with the world's fourth largest reserves
 "Coal India halts supply to non-power users, hitting industry")
India slips to 101st rank in Global Hunger Index 2021; behind Pak, B'desh
India has slipped to 101st position in the Global Hunger Index (GHI) 2021 of 116 countries, from its 2020 position of 94th and is behind its neighbours Pakistan, Bangladesh and Nepal
 "India slips to 101st rank in Global Hunger Index 2021; behind Pak, B'desh")
Railways to set up 500 multi-modal cargo terminals under Gati-Shakti scheme
Indian Railways will establish around 500 multi-modal cargo terminals under the PM Gati-Shakti programme in a time period of 4-5 years
 "Railways to set up 500 multi-modal cargo terminals under Gati-Shakti scheme")
500 multimodal hubs at Rs 50k-cr investment under Gati Shakti: Vaishnaw
As many as 500 multimodal hubs are expected be developed under Gati Shakti Mission at an extra investment of Rs 50,000 crore in the next five years, says Railway Minister Ashwini Vaishnaw
 "500 multimodal hubs at Rs 50k-cr investment under Gati Shakti: Vaishnaw")
India's Sept trade deficit widens to record $22.6 bn
India's merchandise exports rose $33.8 billion for the month from $27.56 billion in the same period last year
 "India's Sept trade deficit widens to record $22.6 bn")
After Air India privatisation, aviation set to be 2nd most concentrated mkt
The top two players will control 80% of industry revenue
 "After Air India privatisation, aviation set to be 2nd most concentrated mkt")