Page 1345 - Economy & Policy News
India's economic recovery stumbles, setting stage for sustained low rates
A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity
 "India's economic recovery stumbles, setting stage for sustained low rates")
Digital taxation: How a consensus-based approach may benefit Indian economy
The government has taken a balanced stance by committing to the multilateral approach for addressing tax challenges of digitalisation
 "Digital taxation: How a consensus-based approach may benefit Indian economy")
Cabinet approves amendments to LLP Act; 12 offences to be decriminalised
The government will also introduce a new definition of small LLPs based on their turnover size and contributions by partners
 "Cabinet approves amendments to LLP Act; 12 offences to be decriminalised")
Union Cabinet paves the way for privatisation of govt-owned insurers
The finance ministry will move amendments to the insurance Act in the ongoing Parliament session
 "Union Cabinet paves the way for privatisation of govt-owned insurers")
Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium
The announcement covers 98.3% of all deposit accounts and 50.9 per cent of the deposit value, Finance Minister Nirmala Sitharaman said
 "Depositors to get up to Rs 5 lakh within 90 days if bank under moratorium")
Rural women make up for rising unemployment in urban men in 2019-20: PLFS
Job situation improved in 12 months to June 2020, but deteriorated sharply in the latter half of the reference period due to lockdown
 "Rural women make up for rising unemployment in urban men in 2019-20: PLFS")
MSME credit demand in June back to level before pandemic, says CIBIL
High credit growth was helped by government's lending scheme and it masks asset quality pain: Agency
 "MSME credit demand in June back to level before pandemic, says CIBIL")
SPV for land, asset monetisation of PSUs soon: DIPAM Secretary
Department of Investment and Public Asset Management is working to implement the Budget announcement for having a specialised entity to monetise non-core assets
 "SPV for land, asset monetisation of PSUs soon: DIPAM Secretary")
Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards
Tyagi says the market regulator is examining free float in listed companies
 "Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards")
West Bengal govt raises Rs 2,500 crore at 6.99% in RBI auction
The West Bengal government has raised Rs 2,500 crore in state development loans at 6.99 per cent in the latest auction held by the Reserve Bank of India, official data showed.
 "West Bengal govt raises Rs 2,500 crore at 6.99% in RBI auction")
Agriculture sector key for achieving SDGs by 2030: Tomar to UN body
Agriculture Minister Narendra Singh Tomar told the United Nations that the agriculture sector is key in achieving the Sustainable Development Goals by 2030
 "Agriculture sector key for achieving SDGs by 2030: Tomar to UN body")
Digital payment index for March rises to 270.59, indicating rapid adoption
Digital transactions grew steadily throughout FY21, retail payments like UPI, IMPS and NACH showed resilience and healthy growth
 "Digital payment index for March rises to 270.59, indicating rapid adoption")
India-US partnership will be of even greater significance in future: Modi
India and the United States will be leaders in bringing the Covid-19 pandemic to an end, through Quad vaccine partnership that will bring vaccines to other countries across the region
 "India-US partnership will be of even greater significance in future: Modi")
Exports of livestock products increase to Rs 7,543 cr during Apr-June
The country's exports of livestock products have increased to Rs 7,543 crore during the first quarter of this fiscal, as against Rs 3,668 crore in the same period last year, the commerce ministry said
 "Exports of livestock products increase to Rs 7,543 cr during Apr-June")
MSME NPAs increase to 12.6% in March 2021 quarter, says report
An analysis showed a significant surge in credit demand post unlocks after the first and second wave of the pandemic
 "MSME NPAs increase to 12.6% in March 2021 quarter, says report")
Trouble for renewable energy producers as peak power demand turns dodgy
Data shows that demand doesn't peak in the day, when solar and wind production is optimum, but at night after the Sun has set
 "Trouble for renewable energy producers as peak power demand turns dodgy")
Govt clears amendments to LLP Act; to decriminalise 12 offences under law
The government on Wednesday approved amendments to the Limited Liability Partnership (LLP) Act, including decriminalising 12 offences under the law
 "Govt clears amendments to LLP Act; to decriminalise 12 offences under law")
Farmers discuss Contract Farming Act on Day 5 of the Kisan Sansad
The fifth day of the Kisan Sansad that is running parallel to the Monsoon session of Parliament saw farmers deliberating on the Contract Farming Act, 2020, according to a statement
 "Farmers discuss Contract Farming Act on Day 5 of the Kisan Sansad")
Large govt capex a possible saving grace for economy in FY22: Sunil Mehta
A large capex by the government can be a saving grace for the economy, Yes Bank Chairman Sunil Mehta said
 "Large govt capex a possible saving grace for economy in FY22: Sunil Mehta")
Zomato aside, Few loss making firms had post-IPO gains in past 10 years
While 51% of profit-making companies had positive returns one year after IPO, for companies that bore losses in at least one in the previous three years, the proportion was 30%
 "Zomato aside, Few loss making firms had post-IPO gains in past 10 years")