Page 1304 - Economy & Policy News
Andhra appoints former SBI chief Rajnish Kumar as economic advisor
A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position is for two years.
 "Andhra appoints former SBI chief Rajnish Kumar as economic advisor")
Cabinet likely to consider relief package for stressed telecom sector
In what may come as a major relief for the telecom sector, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said
 "Cabinet likely to consider relief package for stressed telecom sector")
Proposed 27GW coal power plants could jeopardise India's RE goals: Report
The proposed new coal-based power plants totalling 27 GW could "jeopardise" India's target of 450GW renewable energy by 2030, says a report by Ember and Climate Risk Horizons.
 "Proposed 27GW coal power plants could jeopardise India's RE goals: Report")
Niti Aayog VC calls for mitigation strategies to deal with climate change
Niti Aayog Vice Chairman Rajiv Kumar on Tuesday said the very real threat of climate change necessitates the development of mitigation strategies
 "Niti Aayog VC calls for mitigation strategies to deal with climate change")
DA hike for Tamil Nadu govt employees advanced to Jan 1, 2022: CM Stalin
The enhanced Dearness Allowance to government employees and pensioners would be advanced by three months and it shall be implemented with effect from January 1, 2022, CM M K Stalin announced
 "DA hike for Tamil Nadu govt employees advanced to Jan 1, 2022: CM Stalin")
Govt to take 'balanced' approach on e-commerce rules: Consumer Affairs Sec
To protect the interest of consumers, the government has proposed key amendments to the Consumer Protection (e-commerce) Rules, 2020 which include ban on fraudulent flash sales and misselling
 "Govt to take 'balanced' approach on e-commerce rules: Consumer Affairs Sec")
Tamil Nadu earned Rs 33,811 crore revenue from liquor sales
The Tamil Nadu State Marketing Corporation Ltd (TASMAC), with its 5,402 liquor retail vending outlets, earned a sum of Rs 33,811.14 crore tax revenue for the state government last fiscal.
 "Tamil Nadu earned Rs 33,811 crore revenue from liquor sales")
Cabinet may approve PLI scheme for MMF, technical textiles on Wednesday
The prime objective of the scheme is to make manufacturing in India globally-competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies
 "Cabinet may approve PLI scheme for MMF, technical textiles on Wednesday")
Commerce Min recommends anti-dumping duty on Vitamin C from China for 5 yrs
The domestic industry has been impacted due to the dumped imports, DGTR has said in a notification.
 "Commerce Min recommends anti-dumping duty on Vitamin C from China for 5 yrs")
Mumbai airport records nearly 4-fold growth in passenger traffic in August
The onset of the festive season coupled with some countries easing visa and travel curbs helped Mumbai's CSMIA to post a nearly four-fold growth in passenger traffic in August.
 "Mumbai airport records nearly 4-fold growth in passenger traffic in August")
Unnecessary coal plants could waste India's Rs 247,421 cr, says report
A total of 27 GW of pre-permit and permitted new coal power plant proposals in India are now superfluous to its electricity requirements
 "Unnecessary coal plants could waste India's Rs 247,421 cr, says report")
ED files 15 cases for medical malpractice amid threat of third Covid wave
Probe agency identifies a trail of close to Rs 50 cr
 "ED files 15 cases for medical malpractice amid threat of third Covid wave")
India's sugar production may decline to 30.5 million tonne next season
It is likely to decline as more sugarcane will be diverted for ethanol making, a senior government official said on Monday.
 "India's sugar production may decline to 30.5 million tonne next season")
ADB approves $150 mn loan to improve urban housing in Tamil Nadu
The Asian Development Bank (ADB) has approved a 150 million dollar (about Rs 1,095 crore) loan to provide access to inclusive, resilient and sustainable housing for the urban poor in Tamil Nadu.
 "ADB approves $150 mn loan to improve urban housing in Tamil Nadu")
Quality of rated debt dips in August 2021: CARE Ratings
This was a second consecutive decline as CDQI print in June was 90.01
 "Quality of rated debt dips in August 2021: CARE Ratings")
Capex growth by states to be slower than target for FY22: CRISIL
CRISIL expected an 11-13 per cent rise in capex by these states in line with the previous financial year
 "Capex growth by states to be slower than target for FY22: CRISIL")
Hidden costs of renewable power in compulsory purchases of RE for discoms
The challenge at this stage of renewable power induction is to see whether the low tariffs are truly reflective of the cost that state discoms additionally pay for thermal power they are not using
 "Hidden costs of renewable power in compulsory purchases of RE for discoms")
Trai's suggestion to waive RoW charges to reduce network rollout cost: COAI
Telecom regulator Trai's recommendation to waive right of way charges for the next five years will significantly reduce the overall cost of network rollout for companies, industry body COAI said
 "Trai's suggestion to waive RoW charges to reduce network rollout cost: COAI")
Negligible subsidy regime widens doors for pvt firms to expand domestic LPG
Reliance Gas, GoGas, and Aegis Gas could step up
 "Negligible subsidy regime widens doors for pvt firms to expand domestic LPG")
Indian exporters allege global shipping companies are forming cartels
Ask govt to regulate them, bat for a larger Indian shipping company
 "Indian exporters allege global shipping companies are forming cartels")