Page 1394 - Economy & Policy News
Three reasons why farm sector growth may be nearing its LPA in FY22
Farm Sector Growth: Swift progress of southwest monsoon, sharp surge in govt procurement and general uptrend in commodity prices this year could deliver better numbers
 "Three reasons why farm sector growth may be nearing its LPA in FY22")
'Very interested' in energy partnership with India: US energy secretary
The Biden administration is "very interested" in continuing to ensure that the US has a strong energy partnership with India, Energy Secretary Jennifer M Granholm has said
 "'Very interested' in energy partnership with India: US energy secretary")
OVL-led consortium asks Iran for 30% share in Farzad B discovery
The company has written to the Iranian authority asking it to share the agreed technical proposal and contractual terms, and conditions for development
 "OVL-led consortium asks Iran for 30% share in Farzad B discovery")
EPFO defers filing of PF return with Aadhaar seeded UANs till September 1
Retirement fund body EPFO on Tuesday deferred implementation of its order mandating filing of PF returns with Aadhaar-verified universal account numbers (UAN) till September 1, 2021.
 "EPFO defers filing of PF return with Aadhaar seeded UANs till September 1")
Covid-19 crisis: Nearly 10,000 mobile retail stores shut in the past year
The north India region, the largest market among all four zones of the country, has seen the worst, according to market analytics platform PredictiVu, with close to 10 per cent of outlets closing
 "Covid-19 crisis: Nearly 10,000 mobile retail stores shut in the past year")
RBI will have to look through high inflation for growth, say economists
While the inflation numbers are much above RBI's tolerance band, the central bank would rather hope an urgent reduction of taxes by the govt brings down prices in the interim
 "RBI will have to look through high inflation for growth, say economists")
Hiring trends see green shoots in May despite second wave: Monster Index
45% of industries indicated positive MoM growth in job postings, with retail, home appliances, and telecom industries showing the highest growth
 "Hiring trends see green shoots in May despite second wave: Monster Index")
Cabinet meet to include works contract under Govt e-Marketplace soon
Sahay initiative will enable small businesses on the portal get loans instantly against orders
 "Cabinet meet to include works contract under Govt e-Marketplace soon")
Financial wealth in India jumps 11% in pandemic year to $3.4 trn: Report
The 11 per cent growth in financial wealth was at par with the compounded annual growth rate for the five years to 2020, the report by BCG said
 "Financial wealth in India jumps 11% in pandemic year to $3.4 trn: Report")
Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn
On a sequential basis, they grew 5.35 per cent and 8.1 per cent as compared to May 2019
 "Exports zoom 69% to $32.27 bn in May; trade deficit rises to $6.3 bn")
Income-tax portal 2.0 likely to allow payments by UPI, credit cards
More pvt lenders set to be given authorisation for providing services
 "Income-tax portal 2.0 likely to allow payments by UPI, credit cards")
Use of FCI rice for ethanol making only an interim measure: Centre
Will achieve 8-8.5 per cent blending with petrol this year, says food secretary Sudhanshu Pandey
 "Use of FCI rice for ethanol making only an interim measure: Centre")
Deregulation of rates for NBFC-MFIs may lead to expansion of market
The large NBFC-MFIs have not rationalised their lending rates, despite achieving economies of scale.
 "Deregulation of rates for NBFC-MFIs may lead to expansion of market")
Finance ministry to meet Infosys team to discuss IT e-filing glitches
Finance ministry officials will meet representatives of Infosys on June 22 to discuss issues and glitches in the new income tax e-filing portal
 "Finance ministry to meet Infosys team to discuss IT e-filing glitches")
Rising commodity prices risk raising costs for India's infra plans
Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways
 "Rising commodity prices risk raising costs for India's infra plans")
DPIIT notifies 74% FDI cap in insurance sector under automatic route
The DPIIT has notified the government's decision to increase the foreign direct investment (FDI) limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier
 "DPIIT notifies 74% FDI cap in insurance sector under automatic route")
Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%
The weighted average cost of borrowing for the states has fallen by 20 bps over the past week to 6.75 per cent at the latest auctions.
 "Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%")
Tax portal glitches: FinMin to hold a meeting with Infosys on June 22
After the much publicised e-filing portal went live on June 7, many IT filers faced technical hiccups
 "Tax portal glitches: FinMin to hold a meeting with Infosys on June 22")
EAM Jaishankar, FM Sitharaman to headline UK's India Global Forum
India Global Forum, organised from London as a hybrid event between June 29 and July 1, will bring together a range of worldwide experts
 "EAM Jaishankar, FM Sitharaman to headline UK's India Global Forum")
India's May trade deficit widens to $6.28 billion as imports rise 73%: Govt
India's exports rose by 69.35 per cent to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery
 "India's May trade deficit widens to $6.28 billion as imports rise 73%: Govt")