Page 1291 - Economy & Policy News
Soaring natural gas prices ripple through heavy industry, supply chains
Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains
 "Soaring natural gas prices ripple through heavy industry, supply chains")
India, UAE plan to lift bilateral trade to $100 bn in 5 years via new pact
India and UAE plan to conclude CEPA by the end of the year with the aim to lift trade between the two countries by 70% in five years, trade ministers of both countries said
 "India, UAE plan to lift bilateral trade to $100 bn in 5 years via new pact")
DMRC board meeting likely on Friday, arbitration amount issue may figure
Board of Directors of the Delhi Metro Rail Corporation is likely to meet on September 24 and the issue of arbitration amount to be given to Anil Ambani group firm, DAMEPL, may figure, sources said
 "DMRC board meeting likely on Friday, arbitration amount issue may figure")
Govt asks power plants to auction fly ash through transparent bidding
Ministry of Power on Wednesday issued an advisory to power plants to auction fly ash through a transparent bidding process
 "Govt asks power plants to auction fly ash through transparent bidding")
Big push to infra, education, healthcare needed for sustainable growth: Das
Shaktikanta Das on Wednesday underlined the need for a big push to infrastructure investment, education and digital economy to achieve sustainable growth and generate jobs in smaller cities.
 "Big push to infra, education, healthcare needed for sustainable growth: Das")
India's crude oil production falls 2.3% in August, gas output rises
India's crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP
 "India's crude oil production falls 2.3% in August, gas output rises")
Global Innovation Index: Startup ecosystem propels India into top-50
New enterprises have helped India overcome inadequate govt R&D as well as innovation infrastructure. India now has the third highest number of startups in the world, after the US and UK
 "Global Innovation Index: Startup ecosystem propels India into top-50")
Difference of opinion within govt on draft e-commerce rules: Official
The official said that unnecessary fear is created that the government's current e-commerce policy is hurting small traders.
 "Difference of opinion within govt on draft e-commerce rules: Official")
Goyal launches National Single Window System for investors, businesses
The portal as of today hosts approvals across 18 Central Depts and 9 states, another 14 Central Depts and 5 states will be added by Dec 21 , says govt
 "Goyal launches National Single Window System for investors, businesses")
Post pandemic, global trade is vital for economic recovery: RBI governor
Need to increase investment in healthcare, infrastructure for sustainable growth post pandemic, says Shaktikanta Das at an AIMA event
ADB scales down India's economic growth forecast for this fiscal to 10%
The Asian Development Bank on Wednesday revised down India's economic growth forecast for the current fiscal to 10 per cent, from 11 per cent predicted earlier
 "ADB scales down India's economic growth forecast for this fiscal to 10%")
LIC agents to steer awareness campaign for retail investors ahead of IPO
Move comes ahead of India's largest IPO, expected later this year
 "LIC agents to steer awareness campaign for retail investors ahead of IPO")
Adani bets $20 billion on green energy, takes on Reliance Industries
The target now pits the port-to-power behemoth against global giants
 "Adani bets $20 billion on green energy, takes on Reliance Industries")
IT-BPM industry welcomes GST clarification on intermediaries
This is a long-standing issue between the IT-BPM industry and the government
 "IT-BPM industry welcomes GST clarification on intermediaries")
Kharif foodgrain output likely to touch record 150.5 mt this year
In 2020-21, pulses production went down by 6.65 per cent between the first and fourth advanced estimates
 "Kharif foodgrain output likely to touch record 150.5 mt this year")
Climate financing and aid takes centre stage at high-level UN meeting
Bhupendra Yadav, union minister for environment forest and climate change, called upon developed countries to fulfil their promise of the $100 billion per year goal made in 2009
 "Climate financing and aid takes centre stage at high-level UN meeting")
Govt eases rules for ammonium nitrate, calcium carbide to improve safety
This was done in the backdrop of the lessons learnt from the deadly Beirut explosion that killed about 140 people in August 2020
 "Govt eases rules for ammonium nitrate, calcium carbide to improve safety")
Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC
The move comes as a major relief to several entities that were denied refunds when they were exporting services to their parent or subsidiary companies abroad
 "Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC")
Insurers likely to further tighten underwriting norms for term plans
The source also added that retail term plan prices may go up further, even though the reinsurer has not specified it at this point in time
 "Insurers likely to further tighten underwriting norms for term plans")
Borrowing by state govts 11% lower than last year: CARE Ratings
25 states, 1 UT have raised Rs 2.92 trn, against Rs 3.27 trn by 27 states, 2 UTs last fiscal
 "Borrowing by state govts 11% lower than last year: CARE Ratings")