Page 1288 - Economy & Policy News
C-295 aircraft project great step in opening up aviation sector: Ratan Tata
His comments came hours after the deal to procure the aircraft to replace the Avro-748 planes of the IAF was sealed.
 "C-295 aircraft project great step in opening up aviation sector: Ratan Tata")
Diesel price increased marginally, petrol rate remains steady
Auto fuel prices in the country have maintained stability amid volatility in global oil prices
 "Diesel price increased marginally, petrol rate remains steady")
My report to President on govt accounting reform not made public yet: ex-CAG Mehrishi
Rajiv Mehrishi says as India's Comptroller and Auditor General he had submitted a report to the President under Constitution's Artcile 150 'advising on form and nature' of accounts' in March-April 200
 "My report to President on govt accounting reform not made public yet: ex-CAG Mehrishi")
DFCCIL moots de-risked pvt participation for developing freight corridors
Likely bidders are worried a lower demand for coal in the future, as more renewable projects come up, can hamper viability of freight operations on section of Eastern Corridor
 "DFCCIL moots de-risked pvt participation for developing freight corridors")
All states come on board for Rs 3 trillion discoms reforms scheme
States have been given till December to submit loss reduction plan; many of them will do so by October, says power minister
 "All states come on board for Rs 3 trillion discoms reforms scheme")
Trying to ease rules to make it easier for units to exit SEZs: Goyal
The commerce ministry is trying to ease norms for Special Economic Zones and make it simpler for units to exit these areas, union Minister Piyush Goyal said on Thursday.
 "Trying to ease rules to make it easier for units to exit SEZs: Goyal")
Economy slowly returning to pre-Covid, cloud over topping level two yrs ago
Economic recovery: GDP at constant prices during Q1 of FY22 was still 9.2 per cent lower than in Q1 of 2019-20, a pre-Covid period. But economists expect GDP to hit the pre-pandemic level by Q3FY22
 "Economy slowly returning to pre-Covid, cloud over topping level two yrs ago")
FinMin officials to meet global rating agencies next week, may seek upgrade
The ministry plans to present the economic recovery in the aftermath of the pandemic in support of its demand for rating upgrade
 "FinMin officials to meet global rating agencies next week, may seek upgrade")
Global services trade remains below pre-Covid levels, says WTO
Global services purchasing managers' index (102.7) and financial services (100.2) indices indicated that the pace of growth has slowed down.
 "Global services trade remains below pre-Covid levels, says WTO")
Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore
The facility to claim benefits under SEIS on payments in Indian currency will not be available for services rendered in FY20
 "Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore")
See formal sector at pre-Covid level by year-end: Montek Singh Ahluwalia
Ahluwalia said he is in favour of NMP that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways
 "See formal sector at pre-Covid level by year-end: Montek Singh Ahluwalia")
Modi's US trip: Economic agenda relatively low key compared to earlier one
One of the reasons for the overall low-key economic angle to the visit is the late finalisation of the travel itinerary
 "Modi's US trip: Economic agenda relatively low key compared to earlier one")
Employment recovery for salaried class excruciatingly slow: CMIE
The recovery in employment after the pandemic-induced disruptions has been uneven, with job losses being concentrated among salaried employees and entrepreneurs
 "Employment recovery for salaried class excruciatingly slow: CMIE")
Banks should be more liberal on issues like exchange rates: Goyal
Union Commerce Minister Piyush Goyal on Thursday asked bankers to be "more liberal" on aspects like exchange rates while serving the exporters segment.
 "Banks should be more liberal on issues like exchange rates: Goyal")
Modi meets Adobe CEO Narayen, discusses company's investment plans in India
Prime Minister Narendra Modi on Thursday met President and CEO of Adobe Shantanu Narayen and discussed the California-based software giant's collaboration and future investment plans in India.
 "Modi meets Adobe CEO Narayen, discusses company's investment plans in India")
PM Modi discusses India's RE landscape with US-based solar manufacturer
Prime Minister Narendra Modi on Thursday discussed India's renewable energy landscape with the head of a prominent US-based manufacturer of solar panels.
 "PM Modi discusses India's RE landscape with US-based solar manufacturer")
PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1
Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.
 "PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1")
Upper middle class to revive consumption cycle again soon: Report
The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report
 "Upper middle class to revive consumption cycle again soon: Report")
Decoded: What is a PUSA decomposer? How can it discourage stubble burning?
Every year, over 5.7 million acres of paddy stubble is burned on farms in Punjab and Haryana, leading to severe environmental issues
 "Decoded: What is a PUSA decomposer? How can it discourage stubble burning?")
India's palm oil imports to drop 9% as farmers expand oilseeds area
By Rajendra Jadhav
 "India's palm oil imports to drop 9% as farmers expand oilseeds area")