Page 1320 - Economy & Policy News
PM Modi reviews eight projects, 'One Nation One Ration Card' scheme
Prime Minister Narendra Modi on Wednesday reviewed eight projects having a cumulative cost of Rs 1.26 trillion and spanned over 14 states
 "PM Modi reviews eight projects, 'One Nation One Ration Card' scheme")
Power Grid commissions Vindhyachal Varanasi transmission line
State-owned Power Grid Corporation of India has commissioned a 765 kV double circuit Vindhyachal-Varanasi transmission line, an official statement said on Wednesday
 "Power Grid commissions Vindhyachal Varanasi transmission line")
'India must develop disruptive tech to meet decarbonisation goal by 2050'
Clean energy supply would rise 120 to 140 times, and this increase has to come primarily through solar, wind, and nuclear. Share of electricity would go up primarily for e-mobility, said Kakodkar
 "'India must develop disruptive tech to meet decarbonisation goal by 2050'")
RBI extends tokenisation services to IoT devices
Tokenisation refers to generating random numbers instead of the actual card numbers keyed in during transactions.
 "RBI extends tokenisation services to IoT devices")
'We feel once crops come out, inflation will come down,' says Revenue Secy
Major contributors to inflation are edible oil and pulses, and to boost their availability in the market, the supply side has been addressed through duty cuts, a senior finance ministry official said
 "'We feel once crops come out, inflation will come down,' says Revenue Secy")
Sharp uptick in blue-collar employment likely in 2nd half of 2021: Report
Maharashtra may be biggest contributor, according to a report
 "Sharp uptick in blue-collar employment likely in 2nd half of 2021: Report")
India's new LNG plant starts next year, to boost import capacity by 12%
New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries.
 "India's new LNG plant starts next year, to boost import capacity by 12%")
Govt launches SAMRIDH Scheme to help startups in the early stage
The SAMRIDH initiative will not only provide funding to startups, but will also help in bringing skill sets together which will help them become successful
 "Govt launches SAMRIDH Scheme to help startups in the early stage")
61% of mid income homebuyers feel prices to rise in next 1yr: Survey
Over 60 per cent of middle-income homebuyers in India expect prices of their primary residences to rise in the next 12 months, according to a survey by Knight Frank.
 "61% of mid income homebuyers feel prices to rise in next 1yr: Survey")
Cabinet approves FDI proposal of Rs 15K cr in Anchorage Infrastructure
The Cabinet Committee on Economic Affairs on Wednesday approved the FDI proposal for an investment of up to Rs 15,000 crore in Anchorage Infrastructure Investment Holding Ltd
 "Cabinet approves FDI proposal of Rs 15K cr in Anchorage Infrastructure")
Won't exit fully, but will ensure minimum govt presence in insurance: FM
Sitharaman says may even think in terms of amalgamating, or disinvesting in some entities where even bare minimum is not needed
 "Won't exit fully, but will ensure minimum govt presence in insurance: FM")
Cabinet approves new palm oil mission with MSP-type benchmark assured price
The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort.
 "Cabinet approves new palm oil mission with MSP-type benchmark assured price")
Cabinet increases sugarcane FRP by Rs 5 to Rs 290/qtl for 2021-22
The Centre on Wednesday increased the minimum price sugar mills pay to sugarcane growers by Rs 5 to Rs 290 per quintal for the next marketing year starting October 2021
 "Cabinet increases sugarcane FRP by Rs 5 to Rs 290/qtl for 2021-22")
Industry seeks RoDTEP-like scheme for service exports: Check details here
The scheme - Duty Remission of Export of Services Scheme or DRESS - will reimburse the un-refunded taxes and duties embedded in services exports
 "Industry seeks RoDTEP-like scheme for service exports: Check details here")
Exports to ASEAN estimated at $46 billion in FY22, says Anupriya Patel
India's engineering exports during April-July was $35.3 billion and is expected to achieve the target set for fiscal 2021-22 at $ 105 billion
 "Exports to ASEAN estimated at $46 billion in FY22, says Anupriya Patel")
Centre questions Chhattisgarh's solar-powered irrigation pump bids
Ministry says state wasted Rs 200 cr of Kusum scheme grant with high bids
 "Centre questions Chhattisgarh's solar-powered irrigation pump bids")
NMP plan: Low-risk assets attractive but road may be fuzzy, say experts
The NMP document, however, is not clear on the use of proceeds of monetisation. It says 5-6 per cent of the National Infrastructure Pipeline (NIP) can be financed through asset recycling
 "NMP plan: Low-risk assets attractive but road may be fuzzy, say experts")
India's digital infra invites global interest: Infosys's Nandan Nilekani
Open digital ecosystems will unlock opportunities worth $700 billion for India by 2030, across sectors like healthcare, agriculture, MSME education, urban governance, as per a report by ONI and BCG
 "India's digital infra invites global interest: Infosys's Nandan Nilekani")
'IBC is a road under construction,' says IBBI chairperson M S Sahoo
Referring to the pre-pack scheme of insolvency resolution for micro, small and medium enterprises (MSMEs), he says it takes three-six months for the market to understand a new framework
 "'IBC is a road under construction,' says IBBI chairperson M S Sahoo")
India's GDP likely to grow at 18.5% in Q1FY22: SBI report
The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap
 "India's GDP likely to grow at 18.5% in Q1FY22: SBI report")