Page 1462 - Economy & Policy News
Will rabi harvest and procurement script rural recovery amid farmers' stir?
A sharp drop in returns could exacerbate farmers' woes and fuel the ongoing protest; rabi crops currently being harvested are grown mostly in the Northern parts of the country, the hotbed of the stir
 "Will rabi harvest and procurement script rural recovery amid farmers' stir?")
Centre approves Rs 10,900 cr PLI scheme for food processing sector
The government on Wednesday approved a production-linked incentive (PLI) scheme for the food processing sector, entailing an outlay of Rs 10,900 crore.
 "Centre approves Rs 10,900 cr PLI scheme for food processing sector")
Gig economy can support 90 million jobs in India, add 1.25% to GDP: Report
The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday
 "Gig economy can support 90 million jobs in India, add 1.25% to GDP: Report")
No charging of electronic devices on board trains at night: Railways
The Railways has decided to disallowed passengers from using mobile charging stations onboard trains between 11 pm and 5 am as a precautionary measure against the spread of fire
 "No charging of electronic devices on board trains at night: Railways")
Centre tightens rules of grant allocation for transparency, efficiency
The Department of Expenditure order vouches for more effective cash management and bring more efficiency in public expenditure management
 "Centre tightens rules of grant allocation for transparency, efficiency")
NHAI sets up a logistics subsidiary, shifts 9 SPVs to new entity
NHAI has rechristened Cochin Port Road Private Ltd as National Highways Logistics Management Company to oversee multimodal logistics parks and port connectivity projects
 "NHAI sets up a logistics subsidiary, shifts 9 SPVs to new entity")
Explained: Why 'atmanirbharta' flows against oil security for India
Instead of relying on negligible domestic deposits, India should be securing steady supplies from abroad
 "Explained: Why 'atmanirbharta' flows against oil security for India")
A case for India, Bangladesh weaving new ties in textile and apparel
India could become a big market for Bangladeshi suppliers if the central government pursues this as a priority but India also has a robust apparel sector of its own, which it cannot neglect
 "A case for India, Bangladesh weaving new ties in textile and apparel")
Govt to snip red-tape in PSU sale approval, cut time frame by 90%
Proposals may directly go to CCEA for its nod
 "Govt to snip red-tape in PSU sale approval, cut time frame by 90%")
Transition to non-voice to boost ITeS players' margins: Crisil SME Tracker
SMEs have been gradually adopting robotic process automation technologies such as chatbots, to transition from pure voice services to non-voice-based ones
 "Transition to non-voice to boost ITeS players' margins: Crisil SME Tracker")
Recovery tracker: Traffic, emissions stay below 2021 highs, powergen steady
People are spending more time at home than they were in pre-Covid times. Data as of March 23 shows 9% spike in time spent at residential locations. Workplace visits are down 15%
 "Recovery tracker: Traffic, emissions stay below 2021 highs, powergen steady")
Govt not interested in footing Rs 8,000-cr moratorium bill for banks
Govt is of the view that the onus of reimbursing compound interest charged to customers does not fall on entirely on itself, said a top govt official
 "Govt not interested in footing Rs 8,000-cr moratorium bill for banks")
Trai meets bankers to iron out issues over new pesky SMS regulations
Some banks are fine-tuning systems, so that there is standardised mechanism of sending SMSes
 "Trai meets bankers to iron out issues over new pesky SMS regulations")
India's inflation is at 'uncomfortably high' level, says Moody's Analytics
India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on Tuesday.
 "India's inflation is at 'uncomfortably high' level, says Moody's Analytics")
Government likely to extend further existing foreign trade policy
Officials said that a delay in spelling out a fresh five-year roadmap on international trade will give policymakers more time to take decisions on crucial policies
 "Government likely to extend further existing foreign trade policy")
Govt expected to extend current foreign trade policy further: Official
FTP provide guidelines for enhancing exports to push economic growth and create jobs
 "Govt expected to extend current foreign trade policy further: Official")
Govt proposes concession on road tax on submitting scrapping certificate
In case the vehicle is registered against submission of 'certificate of vehicle scrapping', the concession in motor vehicle tax will be upto 25 per cent in case of non-transport vehicles
 "Govt proposes concession on road tax on submitting scrapping certificate")
States close FY21 with borrowing 3% less than notified Rs 8.24 tln
This is is Rs 25,393 crore or around 3 per cent less than the indicated debt for the fiscal
 "States close FY21 with borrowing 3% less than notified Rs 8.24 tln")
India's 2021 economic output likely to remain below 2019 level: UN report
India is estimated to record an economic growth of 7 per cent in 2021-22
 "India's 2021 economic output likely to remain below 2019 level: UN report")
Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam
NINL is a joint venture of MMTC, NMDC, BHEL, MECON, and two Odisha government-owned undertakings - OMC and IPICOL
 "Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam")