Page 1479 - Economy & Policy News
Double digit GDP growth expected in FY22 as economy gathers pace: Report
As economic activities gather pace and investor sentiments revive, GDP growth is likely to enter a double-digit growth trajectory and may grow at more than 11 per cent in the next financial year
 "Double digit GDP growth expected in FY22 as economy gathers pace: Report")
Nudged by markets, RBI accepts yields at near-market level in OMO
Since August, the central bank has tried to keep the 10-year yields below 6 per cent.
 "Nudged by markets, RBI accepts yields at near-market level in OMO")
Gig workers in search of a code as India's IT industry boosts opportunities
India's IT industry has the largest base of independent contractors in the world, but they remain outside the purview of labour regulations
 "Gig workers in search of a code as India's IT industry boosts opportunities")
Slum households still using polluting fuels despite govt's LPG push: Study
Policy group CEEW says government scheme 'must target poor households' to move to LPG.
 "Slum households still using polluting fuels despite govt's LPG push: Study")
Logistics policy to go to Cabinet for approval, aims to ease goods movement
Indian industry pays a high logistics cost, hurting the competitiveness of domestic goods in the international market.
 "Logistics policy to go to Cabinet for approval, aims to ease goods movement")
Insurers may soon be able to launch covers without regulator nod
In 2019, there were 439 actuaries and in a year, that number has gone up by just 19
 "Insurers may soon be able to launch covers without regulator nod")
Sops, promises flow as states look to pacify disgruntled farmers
On offer: Separate agri Budgets, free water, hike in direct transfers and a whole lot more
 "Sops, promises flow as states look to pacify disgruntled farmers")
Covid impact: India's combined fiscal gap to reach 12.7% in FY21, says SBI
State Bank of India said in a report published Wednesday that there was a sharp increase in debt in the year to March 31 as states had to borrow more given their lack of resources
 "Covid impact: India's combined fiscal gap to reach 12.7% in FY21, says SBI")
Parliament passes Arbitration Amendment Bill to protect taxpayer money
Section 36 of the (Arbitration) Act says the arbitration award be set aside if it is against public policy, said Law Minister Ravi Shankar Prasad in Rajya Sabha
 "Parliament passes Arbitration Amendment Bill to protect taxpayer money")
Cabinet to consider land policy to ease CONCOR disinvestment: Piyush Goyal
The centre's plan to privatise CONCOR was stuck due to the non-clearance of the Land Licensing Fee (LLF) policy
 "Cabinet to consider land policy to ease CONCOR disinvestment: Piyush Goyal")
India to levy 40% duty on solar equipment imports from next year
India is planning to expand its renewable power capacity fivefold to 450 gigawatts by 2030
 "India to levy 40% duty on solar equipment imports from next year")
Cabinet approves reserve fund to manage healthcare schemes in country
PMSSN covers any any programme to achieve India's sustainable development goals and the targets set out in the national health policy
 "Cabinet approves reserve fund to manage healthcare schemes in country")
Housing sales likely to drop 34% in FY21 in volume terms: India Ratings
Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said
 "Housing sales likely to drop 34% in FY21 in volume terms: India Ratings")
States' avg per capita debt jumps 16.4% for 3-yr period ending FY21: Report
The maximum addition in states'' borrowings has taken place this fiscal due to the pandemic that has eaten away their revenue by 21.2 per cent, it said
 "States' avg per capita debt jumps 16.4% for 3-yr period ending FY21: Report")
Govt must develop regulatory mechanism for cryptocurrency ecosystem: IAMAI
Industry body IAMAI on Wednesday appealed to the Indian government to not ban cryptocurrency and develop a robust mechanism to regulate the related ecosystem in the country.
 "Govt must develop regulatory mechanism for cryptocurrency ecosystem: IAMAI")
Gas price, higher yield curve better indicators of disquiet than stock mkts
Amid the celebratory noises coming from liquidity-fueled equity markets, it's worth remembering that Covid-19 hasn't gone away yet
 "Gas price, higher yield curve better indicators of disquiet than stock mkts")
Govt alive, aware about various issues around cryptocurrencies: DFS Secy
The government is alive and aware about various issues around the cryptocurrencies and will take a considered view on the issues, Financial Services Secretary Debasish Panda said on Wednesday
 "Govt alive, aware about various issues around cryptocurrencies: DFS Secy")
Gadkari inaugurates technology centres in Andhra, MP to boost MSME sector
He also inaugurated three extension centres of big technological centres and seven mobile Udyam Express
 "Gadkari inaugurates technology centres in Andhra, MP to boost MSME sector")
Exports in March expected to record healthy growth: Commerce Secy
The country's exports are steadily recovering and it is expected to record a healthy growth rate in March, a top government official said on Wednesday.
 "Exports in March expected to record healthy growth: Commerce Secy")
India taking lead to promote regional approach to energy: Foreign Secy
India is working assiduously to promote the sub-region comprising itself, Bhutan, Bangladesh, Nepal and Myanmar as an energy hub, Foreign Secretary Harsh Vardhan Shringla said
 "India taking lead to promote regional approach to energy: Foreign Secy")