Page 1330 - Economy & Policy News
Oil Ministry holds investor meet for DSF-III, with 32 areas up for bidding
There are 75 oil and gas discoveries with 230 million tonnes of oil equivalent resources
 "Oil Ministry holds investor meet for DSF-III, with 32 areas up for bidding")
Amid Covid, Mumbai sees 10-year high in property registrations in July
Normally, properties need to be registered within three months of the purchase
 "Amid Covid, Mumbai sees 10-year high in property registrations in July")
Retail, agri loans grow in June as states begin to ease Covid-19 curbs
Loans to agriculture and allied activities showed an accelerated growth of 11.4 per cent in June 2021 as compared to 2.4 per cent in June 2020
 "Retail, agri loans grow in June as states begin to ease Covid-19 curbs")
Tax buoyancy curtails Centre's fiscal deficit to an eight-year low
Centre's spending showed volatile trend during April-June period
 "Tax buoyancy curtails Centre's fiscal deficit to an eight-year low")
Amendment to aid insurers' privatisation tabled in the Lok Sabha
General Insurance Business (Nationalisation) Amendment Bill, 2021, will allow private participation in public sector insurance companies
 "Amendment to aid insurers' privatisation tabled in the Lok Sabha")
Core sector output rises 8.9% YoY in June, sequential growth 1.1%
In June 2020, the core sector output contracted 12.4 per cent due to the restrictions imposed across the country to control the spread of Covid-19
 "Core sector output rises 8.9% YoY in June, sequential growth 1.1%")
Fortification of PDS rice to stem nutrient deficiency unnecessary: paper
Focus should instead be more on diversified diets to address the problem, it says
 "Fortification of PDS rice to stem nutrient deficiency unnecessary: paper")
Monsoon 1% below normal at half-way mark; kharif sowing improves
According to the latest crop sowing report, kharif crops have been sown in around 84.81 mn hectares till July 30, which is 4.7% lower than the same period last year
 "Monsoon 1% below normal at half-way mark; kharif sowing improves")
Steel producers likely to raise prices in August, albeit marginally
Slight uptick in demand, huge gap between domestic and global prices could drive the decision
 "Steel producers likely to raise prices in August, albeit marginally")
India, US renew global development partnership deal for 5 years
India and the US on Friday renewed for another five years a global development partnership agreement that provides for jointly offering assistance to their partner countries in areas of connectivity, trade and investments, healthcare and agriculture.
 "India, US renew global development partnership deal for 5 years")
RBI lets 10-year bond yield rise ahead of monetary policy next week
This is a different strategy than what played out until last month, where the central bank seemed more focused on keeping the 10-year bond yields at 6%
 "RBI lets 10-year bond yield rise ahead of monetary policy next week")
Delhi Assembly passes GST Amendment Bill to smoothen tax filing process
The Delhi Assembly on Friday passed the 'Delhi Goods and Services Tax (Amendment) Bill, 2021' to smoothen the GST filing process and to prevent tax evasion, amid opposition from the BJP
 "Delhi Assembly passes GST Amendment Bill to smoothen tax filing process")
India should nationalise Vodafone Idea, head off Jio-dominated duopoly
Merging state-run telcos with a nationalised Vodafone Idea could save jobs and capital. Managed professionally, it could be a credible third player.
 "India should nationalise Vodafone Idea, head off Jio-dominated duopoly")
How a Supreme court order could render the new co-op ministry a non-starter
Top court upheld the role of states in governing societies within their jurisdiction; Centre is said to be exploring options to ensure the newly-formed ministry of cooperation isn't crippled
 "How a Supreme court order could render the new co-op ministry a non-starter")
Quality 24X7 power supply key for accelerated economic growth: R K Singh
Power Minister R K Singh on Friday said that providing quality and reliable power supply round-the-clock is a key factor for accelerated growth of the economy.
 "Quality 24X7 power supply key for accelerated economic growth: R K Singh")
Govt releases guideline to provide framework for sharing of biological data
Science and Technology Minister Jitendra Singh on Friday released a set of guidelines to provide a well-defined framework and guiding principle to facilitate sharing of biological information
 "Govt releases guideline to provide framework for sharing of biological data")
No noticeable change in insurance coverage during Covid pandemic: Govt
The government Friday said there has been no noticeable change in insurance coverage in the country during the COVID-19 pandemic.
 "No noticeable change in insurance coverage during Covid pandemic: Govt")
Average retail prices of edible oils rise up to 52% in July: Govt
Average prices of edible oils in retail markets have increased by up to 52 per cent in July compared to the year-ago period, according to official data.
 "Average retail prices of edible oils rise up to 52% in July: Govt")
Mumbai mega makeover has big opportunities for both realtors and residents
Real estate companies say that if planned properly, the eastern corridor can rejuvenate Mumbai
 "Mumbai mega makeover has big opportunities for both realtors and residents")
Eight core sectors' growth up 8.9% in June on low base effect: Govt data
The eight infrastructure sectors of had contracted by 12.4% in June 2020 due to the lockdown restrictions imposed to control the spread of coronavirus infections
 "Eight core sectors' growth up 8.9% in June on low base effect: Govt data")