Page 1302 - Economy & Policy News
Himachal CM Thakur seeks $100 mn ADB project for tourism infrastructure
Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday sought revival of the $100 million ADB project (Phase I) aimed at building world-class tourism infrastructure in the state.
 "Himachal CM Thakur seeks $100 mn ADB project for tourism infrastructure")
India can export 6 million tonnes of sugar next season, says ISMA
India, the world's second largest sugar producer, can export 6 million tonne of the sweetener in the 2021-22 season commencing next month, taking advantage of the firm global market, ISMA said
 "India can export 6 million tonnes of sugar next season, says ISMA")
Govt unveils 100-day plan for civil aviation sector, focus on 16 areas
Union minister Jyotiraditya Scindia on Thursday announced a 100-day plan for the country's civil aviation sector, including policy measures and development of airports as well as heliports.
 "Govt unveils 100-day plan for civil aviation sector, focus on 16 areas")
V-shaped recovery in Q1 shows strong macroeconomic fundamentals: FinMin
The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals
 "V-shaped recovery in Q1 shows strong macroeconomic fundamentals: FinMin")
India's inclusion in global bond may attract $170 to $250 bn in inflows
Morgan Stanley said on Thursday it expects India to be included in global bond indices in early 2022 and the index inclusion will attract USD170 to 250 billion in bond inflows in the next decade
 "India's inclusion in global bond may attract $170 to $250 bn in inflows")
U'khand HC asks Centre to hold meeting over roadways assets distribution
The Uttarakhand High Court urged central government to hold a meeting of the Chief Secretaries of Uttarakhand and Uttar Pradesh on September 15
 "U'khand HC asks Centre to hold meeting over roadways assets distribution")
$2.5-billion buy of 56 C-295 military transport planes cleared
The C-295 has a rear ramp door for quick loading and unloading and for para dropping of troops and cargo
 "$2.5-billion buy of 56 C-295 military transport planes cleared")
Hit by GST recovery notices and summons, industry calls for help
GST authorities are issuing notices containing denial of input tax credit and in many cases they are blocking the entire input tax credit, even if only one vendor fails to deposit GST
 "Hit by GST recovery notices and summons, industry calls for help")
'Govt considering foreign institutional investment of up to 20% in LIC IPO'
Since the LIC Act has no provision for foreign investments, there is a need to align the proposed LIC IPO with Sebi norms regarding foreign investor participation
 "'Govt considering foreign institutional investment of up to 20% in LIC IPO'")
Union Cabinet approves Rs 10,683-crore PLI scheme for textile sector
The scheme will attract fresh investment of over Rs 19,000 crore, a cumulative turnover of over Rs 3 trillion
 "Union Cabinet approves Rs 10,683-crore PLI scheme for textile sector")
Tamil Nadu's $10-billion green energy island to get Denmark aid
Some important Danish companies in Tamil Nadu are Vestas, Cubic, Maersk, Grundfos, FLSmidth, and Danfoss
 "Tamil Nadu's $10-billion green energy island to get Denmark aid")
Cracking the whip: Panel puts resolution professionals under the scanner
Govt feels enough checks and balances in place; experts say there's need for audit and regulator
 "Cracking the whip: Panel puts resolution professionals under the scanner")
Gujarat AAR rules parathas are not ready-to-eat, puts them under 18% GST
Ruling is in response to Vadilal Industries' query on whether they would attract 5%, as in the case of khakras or rotis
 "Gujarat AAR rules parathas are not ready-to-eat, puts them under 18% GST")
Produce more coal or no supply from CIL: Govt warns captive mine owners
Mine owned by private companies falling short on their production, observes ministry; warning comes in wake of country's thermal power units facing coal shortage
 "Produce more coal or no supply from CIL: Govt warns captive mine owners")
Hit by Covid-19, India's edible oil imports seen at lowest in six years
By Rajendra Jadhav
 "Hit by Covid-19, India's edible oil imports seen at lowest in six years")
Either act on farm stir or BJP runs risk of UP polls coming a cropper
Till September 25, the Karnal gathering of farmers will stay put, shifting to UP to keep up the pressure
 "Either act on farm stir or BJP runs risk of UP polls coming a cropper")
India to post strong GDP growth in coming quarters even with inflation: S&P
India is expected to post strong economic growth in the coming quarters, even as inflation, led by food prices, is likely to remain elevated, S&P Global Ratings said on Wednesday.
 "India to post strong GDP growth in coming quarters even with inflation: S&P")
Centre raises wheat MSP for 2022-23 by 2%; Mustard and lentil top MSP rise
Hikes are in line with long-standing govt policy of encouraging oilseeds and pulses cultivation to meet rising demand and deter farmers from growing wheat and rice which are already in abundance
 "Centre raises wheat MSP for 2022-23 by 2%; Mustard and lentil top MSP rise")
FinMin regularly tracking resolution of tax portal bugs with Infosys: CBDT
Board rolls out statistics to prove the problems on the portal are being addressed
 "FinMin regularly tracking resolution of tax portal bugs with Infosys: CBDT")
Credit ratio rises to 4x to 2.3 in April-Aug on better corp health: Acuite
Reading also crossed pre-pandemic level of 1.8 in 2019; upgrades more than doubled to 1,380 from 571 and downgrades shrunk by 40.8 per cent from 1,015 in April-August 2020 to 601 in Apr-Aug 2021
 "Credit ratio rises to 4x to 2.3 in April-Aug on better corp health: Acuite")