Page 1343 - Economy & Policy News
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")
April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates
Net tax receipts in the first three months to end-June rose to Rs 4.12 trn, from Rs 1.35 trn during the same period in the previous fiscal year
 "April-June fiscal deficit at Rs 2.74 trn, 18.2% of FY22 Budget Estimates")
Delhi assembly passes GST Amendment Bill amid opposition from BJP
The bill is about 15 new amendments to the Delhi GST Act.
Bill to amend general insurance law introduced in Lok Sabha
Several opposition members had opposed the introduction of the bill, saying it will bring in foreign investors and entail total privatisation of PSU general insurance companies.
 "Bill to amend general insurance law introduced in Lok Sabha")
Petrol, diesel prices unchanged; here are the prices in your city today
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
 "Petrol, diesel prices unchanged; here are the prices in your city today")
iPhone, iPad users must update operating software: India's cyber agency
Attackers could take control of an affected device, says CERT-In in advisory
 "iPhone, iPad users must update operating software: India's cyber agency")
Major lenders should introduce job-oriented banking courses: Amit Mitra
West Bengal Finance Minister Amit Mitra on Thursday said major lenders in the country should consider rolling out job-oriented courses
 "Major lenders should introduce job-oriented banking courses: Amit Mitra")
Finance ministry sticks to double-digit economic growth forecast
Sanyal says ministry's assessment of inflation remains on a par with RBI's
 "Finance ministry sticks to double-digit economic growth forecast")