Page 1278 - Economy & Policy News
Labour minister launches DigiSaksham to enhance employability of youth
Union Labour and Employment Minister Bhupender Yadav on Thursday launched DigiSaksham, a digital skills programme to enhance the employability of youth
 "Labour minister launches DigiSaksham to enhance employability of youth")
Domestic gas price revised to $2.9 for Oct 2021-March 2022, up 62%
The rate for gas produced from difficult fields such as deepsea will be $6.13 per mmBtu
 "Domestic gas price revised to $2.9 for Oct 2021-March 2022, up 62%")
India current account records surplus in three months to end-June
The surplus stood at 0.9% of the gross domestic product in the latest quarter
 "India current account records surplus in three months to end-June")
Eight core sectors' output up 11.6% in August year-on-year: Govt data
The industries had contracted by 6.9 per cent in August 2020
 "Eight core sectors' output up 11.6% in August year-on-year: Govt data")
Retail inflation for industrial workers eases to 4.79% in August
Retail inflation for industrial workers eased to 4.79 per cent in August compared to 5.27% in July this year, mainly due to the lower price of certain food items.
 "Retail inflation for industrial workers eases to 4.79% in August")
At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target
Net tax receipts were 6.45 trillion rupees while total expenditure was 12.77 trillion rupees
 "At Rs 4.68 trn, India's Apr-Aug fiscal deficit at 31.1% of FY22 target")
Kerala to achieve self-sufficiency in meat, egg production: CM Vijayan
Kerala Chief Minister Pinarayi Vijayan on Thursday said the government would prepare special plans to achieve self-sufficiency in meat and egg production in the state.
 "Kerala to achieve self-sufficiency in meat, egg production: CM Vijayan")
India 4th biggest maker of agrochemicals, huge potential for growth: Tomar
India is the fourth-largest producer of agrochemicals in the world, and the sector has a huge potential for growth with the help of research, innovation and a speedy registration system: Tomar
 "India 4th biggest maker of agrochemicals, huge potential for growth: Tomar")
Expect more than 7% growth for India this decade: CEA Subramanian
CEA told an American audience from the corporate sector that 'the fundamentals of the economy were strong, even before the pandemic. There were only financial problems'
 "Expect more than 7% growth for India this decade: CEA Subramanian")
Diesel at record high, petrol nears all-time high as rates hiked again
Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively
 "Diesel at record high, petrol nears all-time high as rates hiked again")
Free Trade Agreement is the next frontier in India-US ties: USIBC president
Nisha Desai Biswal, president of US-India Business Council and a former US diplomat, was speaking at a dinner hosted by Indiaspora
 "Free Trade Agreement is the next frontier in India-US ties: USIBC president")
Unemployment, Covid-19 top most worries for urban Indians: Survey
According to the Ipsos 'What Worries the World' global monthly survey, unemployment (42 per cent) and coronavirus (42 per cent) have emerged as the biggest worries of Urban Indians
 "Unemployment, Covid-19 top most worries for urban Indians: Survey")
Cabinet okays revamped mid-day meal scheme with expanded coverage
According to an official statement, coverage will now extend to the students studying in pre-primary or Bal Vatikas of government and government-aided primary schools
 "Cabinet okays revamped mid-day meal scheme with expanded coverage")
Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal
Out of the total amount, Rs 500 crore will be infused in current fiscal, another Rs 500 crore will be infused in FY23 and remaining amount will be infused as and when required
 "Cabinet approves ECGC IPO, Rs 4,400 crore capital infusion: Goyal")
Field officers are recovering GST without notice: Industry experts
In the recent instruction, the GST investigation wing asked the field formation to issue showcause notices well before the last date, so that the probe can be completed
 "Field officers are recovering GST without notice: Industry experts")
Covid-induced lockdowns hit private sector's overseas borrowing
Total external debt of the country rose by 2.1 per cent to $570 billion as of March-end 2021, against $558.4 billion a year ago
 "Covid-induced lockdowns hit private sector's overseas borrowing")
Rs 100-trillion Gati Shakti master plan launch likely next month
Several rounds of inter-ministerial consultations have already taken place and the Cabinet note is ready, two government officials aware of the matter said
 "Rs 100-trillion Gati Shakti master plan launch likely next month")
Govt expands ECLGS coverage ahead of festive season, economic upturn
The ECLG scheme will now end on March 31, 2022 or till guarantees for Rs 4.5 trn are issued, whichever is earlier. However, loans under the scheme can be disbursed till June 30
 "Govt expands ECLGS coverage ahead of festive season, economic upturn")
Sharp rise in natural gas prices, power outages worsen inflation worries
Brent crude up nearly 20% in the past month and hit a 3-yr high on Tuesday
 "Sharp rise in natural gas prices, power outages worsen inflation worries")
Expect more than 7% growth for India this decade: CEA Subramanian
Chief Economic Adviser K V Subramanian on Wednesday said India will clock over 7 per cent annual growth during this decade on the back of strong economic fundamentals