Page 1310 - Economy & Policy News
IBBI proposes stringent rules for more transparent liquidation process
Board says this will improve stakeholders' confidence and participation in the process, lead to effective supervision and monitoring, and improve outcomes of the process
 "IBBI proposes stringent rules for more transparent liquidation process")
Core sector growth at 9.4% in July, against (-) 7.6% in year-ago period
The production of eight core industries rose by 9.4 per cent in July against a 7.6 per cent decline in the year-ago month, official data released on Tuesday showed.
 "Core sector growth at 9.4% in July, against (-) 7.6% in year-ago period")
'RBI to conduct fine-tuning operations to manage one-off liquidity flows'
Govt securities provide robust backbone for development of corporate bond market, says RBI Governor
 "'RBI to conduct fine-tuning operations to manage one-off liquidity flows'")
Grade-A warehousing stock up 3.5% QoQ in second quarter of CY 2021
Trends in supply and absorption within Mumbai run opposite to those in Delhi NCR
 "Grade-A warehousing stock up 3.5% QoQ in second quarter of CY 2021")
Economic activity picking pace, further upside to growth likely: Moody's
Moody's Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of Covid restrictions
 "Economic activity picking pace, further upside to growth likely: Moody's")
Finance Ministry releases Rs 13,386 cr to 25 states as grant to RLBs
The Finance Ministry on Tuesday said it has released about Rs 13,386 crore to 25 states for providing grants to rural local bodies (RLBs).
 "Finance Ministry releases Rs 13,386 cr to 25 states as grant to RLBs")
MEAI raises concern over rising unemployment of mining professionals in Goa
The MEAI on Tuesday raised concerns over rising unemployment of mining professionals in Goa and the lost job opportunities due to the delay in arriving at a solution to restart mining in the state
 "MEAI raises concern over rising unemployment of mining professionals in Goa")
Drugs and Pharma sectors lead growth in India's exports from SEZs
Led by drugs and pharmaceuticals, India's exports from special economic Zones (SEZs) rose by 41.5 per cent on a year-on-year (YoY) basis to Rs 2.15 lakh crore in Q1FY22
 "Drugs and Pharma sectors lead growth in India's exports from SEZs")
Govt examining public comments on draft Consumer Protection (e-comm) Rules
The consumer affairs ministry is examining stakeholders' views on all provisions of the draft Consumer Protection (e-commerce) Rules, including definition of 'related party', a govt official said
 "Govt examining public comments on draft Consumer Protection (e-comm) Rules")
India's economy likely rebounded in April-June amid pandemic risks
India's economy likely rebounded in the April-June quarter from a deep slump last year helped by improved manufacturing and in spite of a devastating second wave of Covid-19 cases
 "India's economy likely rebounded in April-June amid pandemic risks")
Insurers receive 1.42-million Covid-related claims in FY22, shows data
According to General Insurance Council data, in FY22, as of August 27, they have received more than 1.42 million claims, worth Rs 15,956 crore
 "Insurers receive 1.42-million Covid-related claims in FY22, shows data")
Rupee continues to rise on Fed Chair Powell's take on taper
Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies
 "Rupee continues to rise on Fed Chair Powell's take on taper")
Biz activity continues to rise, now well above pre-pandemic levels: Report
Business resumption activity continued its northward journey and reached a new high, much above the pre-pandemic levels for the week ended August 29, a Japanese brokerage said on Monday
Economists project GDP growth at 14%-23% in Q1FY22
The growth was projected on a low base of 24.4 per cent contraction in the gross domestic product in Q4 of the previous financial year.
 "Economists project GDP growth at 14%-23% in Q1FY22")
MGNREGA work demand up: 77% of budget used up in five months
Of the budgeted Rs 73,000 crore for the Centre's flagship scheme, around Rs 55,915.31 crore has already been exhausted in the first five months of FY22
 "MGNREGA work demand up: 77% of budget used up in five months")
Streamline investment for insurance, pension funds in InvITs: NITI Aayog
A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested
 "Streamline investment for insurance, pension funds in InvITs: NITI Aayog")
Business badly hit, Sivakasi, home of fireworks, is losing its spark
The pandemic, muted festivals and pollution concerns may slash sales by half
 "Business badly hit, Sivakasi, home of fireworks, is losing its spark")
Mapping groundwater sources to aid in using it for drinking: Jitendra Singh
Union Science and Technology Minister Jitendra Singh said on Monday CSIR is using the latest technology to map sources of groundwater in arid regions that will help use it for drinking
 "Mapping groundwater sources to aid in using it for drinking: Jitendra Singh")
COAI sees India lagging in 5G unless airwaves cost less
Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,
 "COAI sees India lagging in 5G unless airwaves cost less")
NITI Aayog suggests tax sops for investment in Infra Investment Trusts
Niti Aayog has suggested to the government to provide tax incentives for investment in InvITs, and bring them under the IBC to attract retail as well as institutional investors
 "NITI Aayog suggests tax sops for investment in Infra Investment Trusts")