Page 1264 - Economy & Policy News
Tata brings Air India home: Here's the carrier's 90-year journey
Air India returns to Tatas after group puts in winning bid of Rs 18,000 cr
 "Tata brings Air India home: Here's the carrier's 90-year journey")
Hiring activity almost flat, sees 3% growth sequentially in Sept: Report
With the onset of the festive season and easing of lockdown restrictions, the hiring activity has stabilised sequentially in September with a marginal growth of three per cent, according to a report
 "Hiring activity almost flat, sees 3% growth sequentially in Sept: Report")
Over 30 million unorganized workers registered on e-Shram portal
Minister of Labour and Employment Bhupender Yadav on Friday said more than 30 million unorganized workers have registered on e-Shram portal
 "Over 30 million unorganized workers registered on e-Shram portal")
Dedicated corridors & hubs: Scindia announces new helicopter policy
Under the new policy, the government is going to put together a dedicated helicopter-acceleration cell in the Civil Aviation Ministry that will look at helicopter industry's issues
 "Dedicated corridors & hubs: Scindia announces new helicopter policy")
Ethanol blending with petrol seen at 8.3% in 2020-21 across states, UTs
Ethanol blending with petrol has been achieved in all the states and UTs, and is likely to touch around 8.3 per cent in the 2020-21 marketing year, according to a senior official of state-owned HPCL
 "Ethanol blending with petrol seen at 8.3% in 2020-21 across states, UTs")
Air India deal: Tatas back in the cockpit after decades of resistance
The group has been battling fierce opposition from other airlines and politicians since the 1990s
Nitin Gadkari emphasises on reducing logistics costs below 10%
The road transport and highways minister said it has been planned to construct 25,000 km of national highways within the next two years.
 "Nitin Gadkari emphasises on reducing logistics costs below 10%")
India will be among top 5 bio-manufacturing hubs by 2025: Jitendra Singh
He was speaking here after releasing the Genetic Version of Indian rice and chickpea (DNA panArray) developed by National Institute of Plant Genome Research (NIPGR).
 "India will be among top 5 bio-manufacturing hubs by 2025: Jitendra Singh")
Auction process for 40 new coal mines to begin next week: Govt
The government on Friday said it will begin next week the next round of auction process for 40 new blocks for the sale of coal
 "Auction process for 40 new coal mines to begin next week: Govt")
K V Subramanian steps down as govt's chief economic adviser
He took over from Arvind Subramanian who had left due to personal reasons in June 2018
 "K V Subramanian steps down as govt's chief economic adviser")
Economists, analysts see clear tapering signals in RBI moves
Economists and analysts are unanimous that the Reserve Bank has embarked on the long road to policy normalisation
 "Economists, analysts see clear tapering signals in RBI moves")
Tata Sons makes winning bid of Rs 18,000 cr for Air India: Govt
The bid got approved by a group of ministers headed by Home Minister Amit Shah on October 4, said DIPAM Secretary
India expected to grow by 8.3% in 2021-22: World Bank
South Asia's average annual growth is forecast to be 3.4 per cent over 2020-23
 "India expected to grow by 8.3% in 2021-22: World Bank")
Jharkhand, Bihar, Rajasthan suffer most power cuts as coal stocks shrink
Energy supplies are under strain globally as prices surge and demand and supply chains are strained by the recovery of consumption
 "Jharkhand, Bihar, Rajasthan suffer most power cuts as coal stocks shrink")
RBI to manage liquidity in non-disruptive manner: RBI Governor
As part of the liquidity management, Das said the need for undertaking further G-Sec Acquisition Programme (G-SAP) operations at this juncture does not arise
 "RBI to manage liquidity in non-disruptive manner: RBI Governor")
India becoming $5 trn economy by 2025 'impossible' due to Covid: Rangarajan
The country needs to grow at nine per cent per annum for the next five years in order to achieve the feat, former Reserve Bank Governor C Rangarajan said
 "India becoming $5 trn economy by 2025 'impossible' due to Covid: Rangarajan")
Reserve Bank retains economic growth forecast at 9.5% for FY '22
RBI retained the GDP forecast for the current financial year at 9.5 per cent and flagged semiconductor shortages, elevated commodity prices and potential global market volatility as downside risks
 "Reserve Bank retains economic growth forecast at 9.5% for FY '22")
Shaktikanta Das continues to sound dovish, but hints at normalisation
The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
 "Shaktikanta Das continues to sound dovish, but hints at normalisation")
Select NBFCs to now have internal ombudsman on lines of banks: RBI Guv Das
With the objective of upping customer experience, the Reserve Bank on Friday announced an internal ombudsman scheme (IOS) to redress grievances at select non-banking finance companies (NBFCs)
 "Select NBFCs to now have internal ombudsman on lines of banks: RBI Guv Das")
RBI keeps rates on hold to support recovery, 'sail towards normal times'
Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%