Page 1505 - Economy & Policy News
Rabi crop prices likely to decide course of ongoing farm protest
With farmers taking to the streets and a bumper crop expected, it is unlikely that there will be any let up in wheat procurement in the 2021-22 marketing season
 "Rabi crop prices likely to decide course of ongoing farm protest")
New variants not reason for rise in Covid cases: NITI Aayog member V K Paul
Special teams to visit states to find the cause of rising cases
 "New variants not reason for rise in Covid cases: NITI Aayog member V K Paul")
Price hike in term insurance plans may not impact demand: Experts
Despite the price rise, term plans are relatively cheaper in India than in the US or even Singapore, said experts
 "Price hike in term insurance plans may not impact demand: Experts")
Growth pace in high volume indicators slows in January, says ICRA
Five indicators - passenger vehicle output, vehicle registration, Coal India output, diesel consumption, and domestic airlines passengers - recorded contraction in January
 "Growth pace in high volume indicators slows in January, says ICRA")
Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker
Leather exports plummeted in the first quarter, following lockdowns and restrictions in importing nations.
 "Fuelled by exports, leather units to turn the corner: CRISIL SME Tracker")
Govt starts probe to review anti-dumping duty on steel items from China
ISMT Ltd and Jindal Saw Ltd have filed an application before the Directorate General of Trade Remedies (DGTR) for sunset review of anti-dumping duty
 "Govt starts probe to review anti-dumping duty on steel items from China")
China becomes India's biggest trading partner in first 9 months of FY21
China imported goods worth $15.3 from India and exported goods worth $45.4 billion to India
 "China becomes India's biggest trading partner in first 9 months of FY21")
State OMCs spent Rs 1.96 trillion in excise duty in April-December FY21
Excise duty payment by OMCs rises 66% YoY, despite 30% decline in net sales
 "State OMCs spent Rs 1.96 trillion in excise duty in April-December FY21")
Indian media, entertainment to see 27% revenue growth in FY22: Crisil
The sector contracted 26 per cent this fiscal, according to ratings agency Crisil
 "Indian media, entertainment to see 27% revenue growth in FY22: Crisil")
Commerce ministry issues draft order for exports of eggs, egg products
The commerce ministry has come out with a draft order as per which eggs and egg products would be subjected to quality control or inspection prior to exports
 "Commerce ministry issues draft order for exports of eggs, egg products")
Govt launches National Urban Digital Mission for creating digital infra
The Central government Tuesday launched National Urban Digital Mission' to create a digital infrastructure for cities in the country, a statement stated
 "Govt launches National Urban Digital Mission for creating digital infra")
Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda
Chemicals and petrochemicals sector has huge potential and can contribute significantly towards achieving the government's target of USD 5 trillion economy, Union Minister Sadananda Gowda said
 "Chemicals, petchem sector can contribute in achieving $5 tn economy: Gowda")
ESIC takes steps to ease conditions for women to avail sickness benefit
The Employees State Insurance Corporation (ESIC) on Tuesday took steps, such as relaxing contributory conditions for insured women to avail sickness benefit
 "ESIC takes steps to ease conditions for women to avail sickness benefit")
Interest cost for state loans soars to 11-month high of 7.19%
Despite near record low interest rates, the pricing of state government bonds skyrocketted to an 11-month high of 7.19 per cent, at the latest auction of Rs 23,806 crore market borrowings on Tuesday
 "Interest cost for state loans soars to 11-month high of 7.19%")
India's exports to China up 16.15% to $20.87 billion in 2020
India's exports to China has increased by 16.15 per cent to $20.87 billion in 2020 from $17.9 billion in the previous year
 "India's exports to China up 16.15% to $20.87 billion in 2020")
India needs to get into cutting edge tech to boost exports: Amitabh Kant
India now needs to get into cutting edge technology to boost exports which will benefit sectors like telecom, automobiles, battery storage devices and solar energy, Niti Aayog CEO said on Tuesday
 "India needs to get into cutting edge tech to boost exports: Amitabh Kant")
Expect high GST collections to continue in Feb, say FinMin sources
Sources say the GST authorities have been using deep data analytics, integrated data-sharing to unearth input tax credit utilisation frauds via fake invoicing and bogus firms
 "Expect high GST collections to continue in Feb, say FinMin sources")
Centre signs $304 mn pact with AIIB for power transmission network in Assam
The total estimated cost of the project is $365 million, of which $304 million will be financed by the AIIB and rest by the state government
 "Centre signs $304 mn pact with AIIB for power transmission network in Assam")
At 1.3%, India's GDP may turn positive in December quarter: DBS report
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
 "At 1.3%, India's GDP may turn positive in December quarter: DBS report")
IT sector continues to see sequential growth in hiring in January: Report
The sector witnessed a 39 per cent growth in job postings in January compared to the previous month, according to a report
 "IT sector continues to see sequential growth in hiring in January: Report")