Page 1319 - Economy & Policy News
FM discusses key areas of cooperation to support recovery of BRICS nations
Finance Minister Nirmala Sitharaman on Thursday discussed with her BRICS counterparts the key areas of cooperation that would be crucial in supporting recovery of the grouping's economies
 "FM discusses key areas of cooperation to support recovery of BRICS nations")
From coal-based to a renewable energy-based NTPC in ten years
But the company will have to do a financial Houdini act meanwhile to make the markets keep faith in its long term story
 "From coal-based to a renewable energy-based NTPC in ten years")
Sugar season 2020-21 to end with lower stocks, Rs 7,000 cr unpaid dues
The record drop in stocks has largely been due to bumper exports of seven million tones and diversion of 2.1 million tones of sugar towards ethanol
 "Sugar season 2020-21 to end with lower stocks, Rs 7,000 cr unpaid dues")
e-SHRAM portal to facilitate better execution of schemes, says industry
Launch of the e-SHRAM portal by the government will facilitate better execution of various social security schemes for all unorganised sector workers, India Inc said on Thursday
 "e-SHRAM portal to facilitate better execution of schemes, says industry")
Sebi comes out with modalities for accredited investors framework
Sebi on Thursday came out with detailed modalities for implementation of the accredited investors framework, a move expected to open up a new channel of raising funds from sophisticated investors
 "Sebi comes out with modalities for accredited investors framework")
Niti Aayog releases NER District SDG Index report; East Sikkim tops chart
East Sikkim has topped in terms of meeting sustainable development goals in the Niti Aayog's North Eastern Region (NER) District SDG Index Report 2021-22 and Nagaland's Kiphire featured at the bottom
 "Niti Aayog releases NER District SDG Index report; East Sikkim tops chart")
India has fewer ESG funds than other top 10 economies, shows data
The world's sixth largest economy has 23 ESG funds, Refinitiv data shows, compared to the United States and Britain with more than 500 each, while Japan has 182 and China has 119
No cash doles to poor in pandemic was most foolish: Chidambaram
The most foolish decision of central government yet was refusal to give cash doles to the poorest 20-25 per cent of the country's population during the pandemic, P Chidambaram said on Thursday
 "No cash doles to poor in pandemic was most foolish: Chidambaram")
Hiring activity witnesses 4% sequential growth in July: Report
Hiring activity witnessed an overall 4 per cent sequential growth in July and the uptick was mainly spread across metros, according to a report
 "Hiring activity witnesses 4% sequential growth in July: Report")
DGCA rescinds ban on Boeing 737 MAX for commercial flight operations
Around 175 countries have allowed the 737 MAX to return to service following a safety ban, with 30 airlines already restarting their MAX aircraft services.
 "DGCA rescinds ban on Boeing 737 MAX for commercial flight operations")
Industry welcomes new drone rules, sees Rs 50,000 crore market potential
Says rules can create 500,000 jobs in five years, will open up opportunities for indigenous manufacturing of delivery drones and drone taxis to make India future ready
 "Industry welcomes new drone rules, sees Rs 50,000 crore market potential")
Indian Tobacco Association urges govt to extend RoDTEP benefits to tobacco
Indian Tobacco Association on Thursday said it has urged the government to include tobacco under the tax rebate scheme RoDTEP with an aim to encourage exports from the sector
 "Indian Tobacco Association urges govt to extend RoDTEP benefits to tobacco")
K'taka CM demands extension of GST compensation to states for 3 more yrs
Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years
 "K'taka CM demands extension of GST compensation to states for 3 more yrs")
Just 5 forms and 4 types of fees: Govt eases rules to operate drones
The Ministry of Civil Aviation has eased the rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5
 "Just 5 forms and 4 types of fees: Govt eases rules to operate drones")
RBI promotes Ajay Kumar as Executive Director effective August 20
Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director
 "RBI promotes Ajay Kumar as Executive Director effective August 20")
GDP growth likely touched record in April-June, riding on weak base: Poll
Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a year earlier
 "GDP growth likely touched record in April-June, riding on weak base: Poll")
Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline
Businessman touts the shift to less polluting options, but crude's byproducts will remain one of the biggest drivers of his $80 billion fortune.
 "Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline")
Top taxpayers may get flexibility to exit faceless assessment scheme
Recast of scheme is being discussed to bring in more flexibility into the system
 "Top taxpayers may get flexibility to exit faceless assessment scheme")
FM Sitharaman asks PSBs to conduct credit outreach programme across India
The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said
 "FM Sitharaman asks PSBs to conduct credit outreach programme across India")
R C Bhargava, Venu Srinivasan face off with govt on auto GST rate
Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years
 "R C Bhargava, Venu Srinivasan face off with govt on auto GST rate")