Page 1378 - Economy & Policy News
India's consumer digital economy to touch $800 billion by 2030
Driven by online shopping across the spectrum, India's consumer digital economy, which was pegged at $85-90 billion in CY20, is expected to become a $800 billion market by 2030: report
 "India's consumer digital economy to touch $800 billion by 2030")
Cabinet okays Rs 3 trn outlay for new power reform scheme for five years
Union govt support at Rs 97,631 cr
 "Cabinet okays Rs 3 trn outlay for new power reform scheme for five years")
Cabinet okays PPP mode of BharatNet implementation in 16 states
The Union Cabinet on Wednesday approved the revised implementation strategy of BharatNet through Public-Private Partnership mode in 16 states.
 "Cabinet okays PPP mode of BharatNet implementation in 16 states")
Second Covid wave, global prices could derail Centre's FY22 subsidy maths
The Centre's plan to start FY22 on a clean slate seems to have gone for a toss within just six months after it cleared the food subsidy backlog and paid its pending liabilities to NSSF
 "Second Covid wave, global prices could derail Centre's FY22 subsidy maths")
Climate change likely to impact agricultural productivity in Maha: Report
Maharashtra faces an increasing risk from climate change that is likely to impact the production of the four crops grown in the state: report
 "Climate change likely to impact agricultural productivity in Maha: Report")
International travel stagnant, cargo demand solid: Airlines' group
Only 1.3 million international passengers flew on the region's carriers in May, representing just 4.3 per cent of the volumes carried in the corresponding month of 2019.
 "International travel stagnant, cargo demand solid: Airlines' group")
GST milestone in India's economic landscape: PM Narendra Modi
A nationwide GST, which subsumed 17 local levies like excise duty, service tax and VAT, was rolled out on July 1, 2017.
 "GST milestone in India's economic landscape: PM Narendra Modi")
Broadband service to jobs scheme: Key decisions taken by union cabinet
Cabinet approves relief measures announced by Finance Minister Nirmala Sitharaman on June 28.
 "Broadband service to jobs scheme: Key decisions taken by union cabinet")
EAM Jaishankar calls for more green lending to strengthen development infra
The external affairs minister said that the Covid-19 pandemic has taken health right up the priority list
 "EAM Jaishankar calls for more green lending to strengthen development infra")
Second Covid wave derailed hospitality industry recovery: ICRA
The industry was impacted in the first quarter of the ongoing fiscal after two quarters of sequential recovery witnessed in the third and fourth quarter of the previous fiscal
 "Second Covid wave derailed hospitality industry recovery: ICRA")
Amitabh Kant gets another one-year extension as NITI Aayog CEO
This is the third extension since he took charge of the public policy think tank in 2016.
 "Amitabh Kant gets another one-year extension as NITI Aayog CEO")
Microfinance loan portfolio grows 11.9% as on March-end, says MFIN
The industry's gross loan portfolio (GLP) surged to Rs 259,377 crore
 "Microfinance loan portfolio grows 11.9% as on March-end, says MFIN")
These lesser-known firms set to make a mark in India's oil and gas sector
Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during DSF-1 auctions
 "These lesser-known firms set to make a mark in India's oil and gas sector")
GST has reduced rate at which people have to pay tax: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent
 "GST has reduced rate at which people have to pay tax: Nirmala Sitharaman")
West Bengal govt raises Rs 10,500 cr in Q1 FY22 via state loan auctions
The West Bengal government raised Rs 10,500 crore in the first quarter of the current financial year through auctions of state securities and state development loans, as per official data
 "West Bengal govt raises Rs 10,500 cr in Q1 FY22 via state loan auctions")
India to set rules for encouraging companies' shift to green energy
The new regulations will allow companies to purchase renewable electricity from state distributors at 'green tariffs' said power minister Raj Kumar Singh
 "India to set rules for encouraging companies' shift to green energy")
India's draft space transportation policy gives green push to Isro
The Indian government will continue to focus on research and development on green fuel, robotic space exploration and reusable rockets, states the draft National Space Transportation Policy
 "India's draft space transportation policy gives green push to Isro")
Mandatory hallmarking of gold jewellery implemented in 8 Odisha districts
Odisha Food Supplies and Consumer Welfare Minister Ranendra Pratap Swain Tuesday said that mandatory hallmarking of gold jewellery has been implemented in eight districts of the state
 "Mandatory hallmarking of gold jewellery implemented in 8 Odisha districts")
After sinking billions, Walmart, Amazon haven't learnt their place in India
India is effectively muzzling the two leading US players. and it's tilting balance in favor of offline commerce, away from digital startups that are India's best bet for rebuilding the economy.
 "After sinking billions, Walmart, Amazon haven't learnt their place in India")
Have sunset clause for economic laws constraining growth: Vijay Kelkar
Kelkar suggested a system for periodic review of economic laws, howsoever revolutionary they might be when they are passed
 "Have sunset clause for economic laws constraining growth: Vijay Kelkar")