Page 1313 - Economy & Policy News
Air travel sees recovery, hotels and travel firms see brisk weekend demand
During the first ten days of August, some 90,000 passengers travelled via Delhi airport daily, which is five times higher than in mid-May
 "Air travel sees recovery, hotels and travel firms see brisk weekend demand")
Reply to pleas by Facebook, WhatsApp against IT rules: HC to Centre
The pleas have challenged the new rules on the grounds that they violate the right to privacy and are unconstitutional
 "Reply to pleas by Facebook, WhatsApp against IT rules: HC to Centre")
For growth and investments, Modi's green new deal might actually work
If the government can reduce investment risk in greener sectors and make them attractive investment propositions, it might well turn around its economic record.
 "For growth and investments, Modi's green new deal might actually work")
As Covid-19 second wave wanes, credit card spending rises in India
HDFC Bank plans to aggressively issue cards after central bank withdraws ban, helping sector to make more gains.
 "As Covid-19 second wave wanes, credit card spending rises in India")
India says BRICS nations can play leading role in achieving 2030 SDG goals
Agriculture Minister Narendra Singh Tomar on Friday said BRICS nations are capable of playing a leading role in achieving the 2030 Sustainable Development Goals of eradicating hunger and poverty
 "India says BRICS nations can play leading role in achieving 2030 SDG goals")
Decision on OBC quota in local governing bodies in a week: Uddhav Thackeray
All political parties have agreed to restore the reservation for OBCs in local governing bodies and a decision would be taken in a week's time, Maharashtra Chief Minister Uddhav Thackeray said
 "Decision on OBC quota in local governing bodies in a week: Uddhav Thackeray")
Paddy planting down 1.23% so far due to deficit rains in some states
Area sown to paddy has dipped 1.23 per cent so far in the 2021-22 kharif season due to deficit rains in some states, according to agriculture ministry data released on Friday
 "Paddy planting down 1.23% so far due to deficit rains in some states")
Feudalism of corporate debtors gone after IBC implementation, says CEA
With the implementation of the insolvency law, the days of feudalism of corporate debtors where they had considered it their divine right to be in control are gone: Chief Economic Adviser
 "Feudalism of corporate debtors gone after IBC implementation, says CEA")
NHAI to be flag-bearer of Centre's Rs 6-trn asset monetisation plan
NHAI has planned an InvIT, but it has seen multiple deferments over the Covid disruptions. But a Rs 5,100-cr InvIT is now likely next month
 "NHAI to be flag-bearer of Centre's Rs 6-trn asset monetisation plan")
India's GDP expected to grow at 22-23% in June quarter: Acuite Rating
The intensity of the second wave of Coronavirus (Covid-19) and the subsequent lockdowns across almost all states disrupted the contact intensive services again in Q1
 "India's GDP expected to grow at 22-23% in June quarter: Acuite Rating")
Covid-19 pandemic has India scrambling to boost its manufacturing sector
High-contact services jobs from airlines to hotels and malls to multiplexes were the first to collapse amid protracted lockdowns aimed at containing the virus
 "Covid-19 pandemic has India scrambling to boost its manufacturing sector")
Cloud over capex plans: Capacity utilisation of India Inc hits new low
Adani Group is also planning to invest in new ports, airports, and logistics capacities by participating in the government's divestment programmes
 "Cloud over capex plans: Capacity utilisation of India Inc hits new low")
165k unorganised workers registered on first day of e-Shram portal launch
Workers registered on the portal would be given accidental insurance cover
 "165k unorganised workers registered on first day of e-Shram portal launch")
Cleared for take-off: New rules kick in for operating drones in India
The rules will replace the Unmanned Aircraft System Rules, 2021, which came into effect in March this year
 "Cleared for take-off: New rules kick in for operating drones in India")
Income-Tax notices give FPIs the jitters; experts suspect tech glitches
Experts called the development unprecedented and attributed it to a possible glitch in the new I-T portal
 "Income-Tax notices give FPIs the jitters; experts suspect tech glitches")
Regulatory compliance mechanism for power utilities on the anvil
The Centre believes the move would help state commissions adopt best practices; it would also speed up implementation of reforms and regulatory policies
 "Regulatory compliance mechanism for power utilities on the anvil")
China's two-week port closure to have a mixed impact on India's trade
India has been facing acute shortage of containers since November 2020 leading to ocean freight rates having zoomed 5-7times within a span of 8-9 months.
 "China's two-week port closure to have a mixed impact on India's trade")
KPMG to assist government in strategic divestment of IDBI Bank for Rs 1
The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success
 "KPMG to assist government in strategic divestment of IDBI Bank for Rs 1")
'Bumper-to-bumper' insurance should be mandatory, says Madras HC
In a significant order, the Madras High Court has ruled that "bumper-to-bumper" insurance should be mandatory whenever a new vehicle is sold, from September 1.
 "'Bumper-to-bumper' insurance should be mandatory, says Madras HC")
EVs will become inevitable whether you like it or not: NITI's Amitabh Kant
Develop local supply chain base for EVs and parts, reduce import from China
 "EVs will become inevitable whether you like it or not: NITI's Amitabh Kant")