Page 1326 - Economy & Policy News
IFSCA does pilot run of international bullion exchange ahead of Oct launch
IFSCA has envisioned the International Bullion Exchange as a 'Gateway for Bullion Imports into India', wherein all the such imports for domestic use will be routed via the exchange
 "IFSCA does pilot run of international bullion exchange ahead of Oct launch")
RE developers raise over Rs 26K cr through bonds in Jan-Jun this year
Indian renewable energy project developers have raised as much as Rs 26,300 crore through issuance of green bonds during January to June this year, according to a CEEW-CEF report
 "RE developers raise over Rs 26K cr through bonds in Jan-Jun this year")
Uttar Pradesh govt presents supplementary budget of Rs 7,302 cr
The Uttar Pradesh government on Wednesday presented a supplementary budget of Rs 7,301.52 crore in the state Legislative Assembly for financial year 2021-22 to meet additional expenditure.
 "Uttar Pradesh govt presents supplementary budget of Rs 7,302 cr")
GDP to expand by 20% in Q1, to be lower than pre-Covid levels: Icra
The GDP growth is estimated to come at the "deceptively high" level of 20 per cent for the Apr-Jun 2021 quarter but is far below the same in the pre-COVID times, rating agency Icra said on Wednesday
 "GDP to expand by 20% in Q1, to be lower than pre-Covid levels: Icra")
Centre aims to make air travel affordable for common man: Scindia
Union Civil Aviation Minister Jyotiraditya Scindia on Wednesday said the central government aimed to provide an affordable air travel facility, which even a person "wearing slippers" could avail.
 "Centre aims to make air travel affordable for common man: Scindia")
CCEA okays Rs 77.45 cr for revival of north eastern agri-marketing corp
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a Rs 77.45 crore package for the revival of state-run North Eastern Regional Agricultural Marketing Corporation Ltd
 "CCEA okays Rs 77.45 cr for revival of north eastern agri-marketing corp")
Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm
The Cabinet approved the National Mission on Edible Oils Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote the domestic cultivation of oil palm in the next five years
 "Union Cabinet okays Rs 11,040-cr National Mission on Edible oils-Oil Palm")
Sugar rally could help India to export 6 million tonnes without subsidy
New Delhi is expected to withdraw sugar export subsidies from the new season as a sharp rise in prices makes it easier for Indian mills to sell on the world market, a govt official said
 "Sugar rally could help India to export 6 million tonnes without subsidy")
Home textile exporters to clock 20% growth with healthy margins: ICRA
Indian home textile exporters are set to register robust performance during FY2022
 "Home textile exporters to clock 20% growth with healthy margins: ICRA")
India starts selling oil from strategic reserves after policy shift: Report
India, the world's third-biggest oil importer and consumer that imports over 80% of its oil needs, is mirroring a model adopted by some other countries.
 "India starts selling oil from strategic reserves after policy shift: Report")
Rupee, inflation, stocks: What sets gold prices in India during Covid-19
The country's favourite investment is influenced by a range of economic factors.
 "Rupee, inflation, stocks: What sets gold prices in India during Covid-19")
Uniform guidelines are needed for asset monetisation, say experts
However, experts believe that there should be some safeguards to give comfort to investors as these assets or projects involve risks
 "Uniform guidelines are needed for asset monetisation, say experts")
Auto-debit bounces dip in July as financial stress eases for borrowers
According to the NACH data, of the 86.4-million transactions initiated in July, 33.23 per cent, or 28.7 million transactions, failed, while 57.7 million were successful.
 "Auto-debit bounces dip in July as financial stress eases for borrowers")
PFRDA can't allow investment in startups due to valuation process: Chairman
The key issue is to report NAV on a daily basis, which is not possible in the case of startups
 "PFRDA can't allow investment in startups due to valuation process: Chairman")
Reserve Bank of India's FI-Index shows better access to financial services
The RBI had announced the introduction of such an index in its bi-monthly monetary policy statement on April 7
 "Reserve Bank of India's FI-Index shows better access to financial services")
Domestic LPG price hiked by Rs 25 a cylinder, to cost Rs 859 in Delhi NCR
This is the second consecutive month that oil companies have hiked domestic cooking gas prices
 "Domestic LPG price hiked by Rs 25 a cylinder, to cost Rs 859 in Delhi NCR")
Road tax cut under vehicle scrappage policy to be a rule: Nitin Gadkari
The policy is expected to attract investments worth Rs 10,000 crore to set up 450-500 automated testing stations (ATS) and 60-70 registered vehicle scrapping facilities (RVSF) across the country
 "Road tax cut under vehicle scrappage policy to be a rule: Nitin Gadkari")
Govt likely to withdraw sugar export subsidies from new season
India, the world's biggest sugar producer after Brazil, incentivised overseas sales for three years in a row, helping New Delhi emerge as a significant, stable exporter of the commodity.
80% fee cut for recognised institutes applying for patents: Piyush Goyal
Total fee - filing, publication, and renewal - for an institute, which is around Rs 4.24 lakh now, will be reduced to Rs 84,900
 "80% fee cut for recognised institutes applying for patents: Piyush Goyal")
Govt announces RoDTEP rates for exporters; outlay Rs 12,454 cr in FY22
8,555 items covered; steel, organic and inorganic chemicals, pharma kept out of scheme
 "Govt announces RoDTEP rates for exporters; outlay Rs 12,454 cr in FY22")