Page 1379 - Economy & Policy News
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")
Odisha seeks modification in provisions of draft Indian Ports Bill, 2021
Odisha government sought modification in provisions of draft Indian Ports Bill-2021 to address the concerns of coastal states
 "Odisha seeks modification in provisions of draft Indian Ports Bill, 2021")
Right to life may be interpreted to include right to food: Supreme Court
The fundamental right to life under Article 21 of the Constitution may be interpreted to include the right to live with human dignity, having right to food and other basic necessities.
 "Right to life may be interpreted to include right to food: Supreme Court")
India cuts crude palm oil import tax, potentially boosting imports
The lower tax rate will apply from June 30 to September 30, the government said
 "India cuts crude palm oil import tax, potentially boosting imports")
Dharmendra Pradhan puts ONGC, OIL on notice: Perform or get shipped out
Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts
 "Dharmendra Pradhan puts ONGC, OIL on notice: Perform or get shipped out")
Oil prices 'very challenging', need them to sober a bit: India to Opec
Ahead of a meeting of oil producers' cartel OPEC, India on Tuesday said the current oil prices are "very challenging" and rates need to be a "little bit sober" lest they impact a consumption-led recovery of the global economy.
 "Oil prices 'very challenging', need them to sober a bit: India to Opec")
E-way bill generation picks up pace in June as states start unlock process
E-way bill generation rose by 22.6 per cent in the week ended June 27 at 14.6 million compared to 11.9 million in the previous week
 "E-way bill generation picks up pace in June as states start unlock process")
Ripe for disruption: Here's a look at seeds of growth in agritech sector
Close to 55 per cent of the population still depends on agriculture for their livelihood.
 "Ripe for disruption: Here's a look at seeds of growth in agritech sector")
Implement ration scheme by July 31: Supreme Court to states, UTs
It also directed the states, UTs to run community kitchens for migrant workers till the COVID pandemic continues.
 "Implement ration scheme by July 31: Supreme Court to states, UTs")
Banks not in a hurry to hike interest rates on deposits despite price rise
Year-on-year growth in deposits till early June 2021 has been 9.7 per cent while credit growth is only 5.7 per cent.
 "Banks not in a hurry to hike interest rates on deposits despite price rise")
NITI moots 100% I-T exemption for donations to not-for-profit hospitals
Government think tank Niti Aayog has suggested 100 per cent income tax exemption for donations and provision of working capital loans with lower interest rates for not-for-profit hospitals to strengthen healthcare services in India.
 "NITI moots 100% I-T exemption for donations to not-for-profit hospitals")
NITI Aayog recommends privatising United India Insurance Company
Core group to soon consider the proposal to privatise the insurer
 "NITI Aayog recommends privatising United India Insurance Company")
International cooperation answer to challenge posed by Covid: Jaishankar
Jaishankar pushes for vaccine equity as G20 foreign ministers meet face-to-face for the first time in two years
 "International cooperation answer to challenge posed by Covid: Jaishankar")
BS Number Wise: How many years have we lost to coronavirus?
One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21
 "BS Number Wise: How many years have we lost to coronavirus?")
India sees fuel demand recovery to pre-pandemic level by end-2021
Local fuel consumption- a proxy for oil demand - in May slumped to its lowest since last August as lockdowns and restriction in several states stalled mobility and muted economic activity
 "India sees fuel demand recovery to pre-pandemic level by end-2021")
India says will oppose 'regressive proposal' by rich nations on carbon tax
India will instead seek more action from European nations and the US, says Environment Minister.
 "India says will oppose 'regressive proposal' by rich nations on carbon tax")
New pandemic package to raise fiscal deficit by 60 bps, says report
The package can offer an additional liquidity window of Rs 70,000 crore to banks: report
 "New pandemic package to raise fiscal deficit by 60 bps, says report")
Economic activities in rural India fared better in lockdown 2.0: Survey
The survey was carried out to assess the impact of Covid-19, with a sample size of 200 respondents across 48 villages in the states of Uttar Pradesh and Bihar.
 "Economic activities in rural India fared better in lockdown 2.0: Survey")
Rs 1.75 trillion disinvestment target on track, says CEA Subramanian
The target of mopping up Rs 1.75 trillion from disinvestments of some of public sector companies, including LIC and BPCL during current fiscal, is on track and groundwork is being prepared for goal
 "Rs 1.75 trillion disinvestment target on track, says CEA Subramanian")