Page 1281 - Economy & Policy News
India, Australia agree to conclude free trade agreement by 2022-end
India and Australia on Thursday agreed to conclude the long-pending free trade agreement by the end of 2022 and an early harvest trade deal by as early as December
 "India, Australia agree to conclude free trade agreement by 2022-end")
India's external debt at $571.3 bn at June-end, up $1.6 bn from March: RBI
India's external debt stood at $571.3 billion at end-June, recording an increase of $1.6 billion over its level at the end of March 2021, the RBI said on Thursday
 "India's external debt at $571.3 bn at June-end, up $1.6 bn from March: RBI")
Non-food bank credit grows 6.7% in August, shows Reserve Bank data
The non-food bank credit grew by 6.7 per cent in August 2021 as compared to 5.5 per cent in the year-ago month, RBI data showed
 "Non-food bank credit grows 6.7% in August, shows Reserve Bank data")
Credit delivery to large section of society very important for growth: CEA
Credit penetration or providing credit to a large section of society is very important for economic development of the country, Chief Economic Adviser (CEA) K V Subramanian said on Thursday
 "Credit delivery to large section of society very important for growth: CEA")
Govt directs agri-machine makers, dealers to sell at same price: MoS agri
Farm machine makers and dealers have been directed to sell their products at the same price across the country, Union Minister of State for Agriculture Shobha Karandlaje said on Thursday.
 "Govt directs agri-machine makers, dealers to sell at same price: MoS agri")
Top headlines: NCLT gives Zee Oct 3 deadline; Ola Electric raises $200 mn
Business Standard brings you the top stories from today
 "Top headlines: NCLT gives Zee Oct 3 deadline; Ola Electric raises $200 mn")
India set for stronger performance going forward, says KV Kamath
The country's economy is set for a stronger performance going forward, driven by growth in large corporates, agriculture and most importantly digital startup sector, veteran banker KV Kamath said
 "India set for stronger performance going forward, says KV Kamath")
Need to make sure benefit of economic growth is evenly shared: D Subbarao
Former RBI Governor D Subbarao stressed the need to accelerate economic growth rate and make sure this benefit of growth is shared, even as he said unemployment has taken a form of crisis
 "Need to make sure benefit of economic growth is evenly shared: D Subbarao")
Delhi announces new power tariff, rates unchanged but bill may go up
Power regulator DERC Thursday announced new tariff for Delhi but did not raise the rates, saying it did not see any "good reasons" to do so
 "Delhi announces new power tariff, rates unchanged but bill may go up")
Hotel industry likely to clock 45-50% of pre-Covid revenues in FY22: Report
Demand has recovered sharply post the second wave of the pandemic aided by easing of restrictions during the July-September period, according to a report.
 "Hotel industry likely to clock 45-50% of pre-Covid revenues in FY22: Report")
Telecom reforms to allow Vi to invest in new tech including 5G: Kapania
The telecom reforms announced by government recently will enable Vodafone Idea (Vi) to invest in new technology and services, including 5G, the company's Non-Executive Chairman Himanshu Kapania said
 "Telecom reforms to allow Vi to invest in new tech including 5G: Kapania")
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")