Page 1361 - Economy & Policy News
IPGA urges govt to keep retail prices in-sync with wholesale prices
The nodal body for pulses and grains trade and industry in India - has sought to initiate immediate measures to curb the skyrocketing prices of pulses and grains in the retail market.
 "IPGA urges govt to keep retail prices in-sync with wholesale prices")
India's June services activity shrinks at fastest rate in 11-months
IHS Markit's Services Purchasing Managers' Index plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020
 "India's June services activity shrinks at fastest rate in 11-months")
India needs a new round of bankruptcy reform that won't stiff creditors
Political constraints have never allowed India's public institutions to save capitalism from powerful capitalists, something that a tough bankruptcy law was supposed to change
 "India needs a new round of bankruptcy reform that won't stiff creditors")
Playing field: India's toy story needs govt strongly backing the game
80% toys still imported, mostly from China; local industry suffers from lack of scale and innovation
 "Playing field: India's toy story needs govt strongly backing the game")
Maharashtra govt to move resolution rejecting farm laws in monsoon session
Rejection of the three Central agriculture laws is one of the three resolutions approved by the Maharashtra cabinet on Sunday which will be moved in the monsoon session
 "Maharashtra govt to move resolution rejecting farm laws in monsoon session")
LIC Housing Finance vies for home loan pie with interest rate cut
It will apply to loan amounts of up to Rs 50 lakh offered to salaried individuals.
 "LIC Housing Finance vies for home loan pie with interest rate cut")
Outlook for exports of engineering goods looks strong for rest of CY 2021
India's engineering goods exports continued the uptrend and posted a 52.61 per cent increase in June 2021 over the same period last year
 "Outlook for exports of engineering goods looks strong for rest of CY 2021")
India's OECD tax deal may have revenue implications, say experts
Could mean India will have to withdraw 2% equalisation levy on firms by 2023
 "India's OECD tax deal may have revenue implications, say experts")
Govt readies amendments to GIBNA for insurance PSU privatisation
The government is working on amendments to the GIBNA Act, and a Bill for that is likely to come up in the upcoming monsoon session
 "Govt readies amendments to GIBNA for insurance PSU privatisation")
Statsguru: In a year dominated by Covid-19, financial stability is intact
The central bank now expects about 9.8 per cent of gross advances to be non-performing by March 2022, in the baseline scenario
 "Statsguru: In a year dominated by Covid-19, financial stability is intact")
49% of over 5,000 projects for smart cities unfinished as deadline nears
Smart cities were envisioned to be a solution to waste management, air pollution, traffic congestion, scarce resources and more.
 "49% of over 5,000 projects for smart cities unfinished as deadline nears")
RBI should not print money to finance fiscal deficit: Pinaki Chakraborty
High inflation is certainly a concern and there is a need to stabilise inflation to a level which is manageable, he says
 "RBI should not print money to finance fiscal deficit: Pinaki Chakraborty")
CAIT against extension of deadline for comments on draft e-commerce rules
Amid reports to extend deadline for submission of comments on draft e-commerce rules, CAIT has described such requests as delaying tactics, said there is no need for any extension of deadline.
 "CAIT against extension of deadline for comments on draft e-commerce rules")
30 years of economic reforms: Here's a look at the broad contours of change
The pace of changes in the first 100 days of a minority govt remains unparalleled till today
 "30 years of economic reforms: Here's a look at the broad contours of change")
NTPC floats tender for sale of fly ash at desired ports of Middle East
NTPC has invited Expression of Interest for sale of fly ash from the designated ports of the Middle East and other regions
 "NTPC floats tender for sale of fly ash at desired ports of Middle East")
Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100
Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.
 "Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100")
India's coal production drops marginally by 2% to 716 mn tonnes in FY'21
India's total coal production registered a marginal decline of 2.02% to 716.084 million tonnes during the last fiscal year
 "India's coal production drops marginally by 2% to 716 mn tonnes in FY'21")
Cyclones' record rain in May cloud India's solar power generation
The highest solar generation loss was faced by Karnataka, which saw it declining by 15 per cent over last year
 "Cyclones' record rain in May cloud India's solar power generation")
Industry seeks deadline extension for comments on draft e-commerce rules
In a consultation between industry associations and Department of Consumer Affairs, industry representatives sought extension beyond the July 6 deadline.
 "Industry seeks deadline extension for comments on draft e-commerce rules")
BIS website, FAQs don't reflect key points on hallmarking: GJC to Goyal
This is causing confusion and disruption amongst jewellers, All India Gem and Jewellery Domestic Council (GJC) said on Saturday.
 "BIS website, FAQs don't reflect key points on hallmarking: GJC to Goyal")