Page 1510 - Economy & Policy News
UP govt makes provision of Rs 1,175 crore for metro rail projects
The state government has made the provision in the state budget presented in the assembly on Monday
 "UP govt makes provision of Rs 1,175 crore for metro rail projects")
Paradip Port achieves 100 MT-mark in cargo handling for 4th year in a row
Paradip Port is one of the 12 major ports in the country
 "Paradip Port achieves 100 MT-mark in cargo handling for 4th year in a row")
5 labour surveys including on migrants, domestic workers to begin by Apr 1
The third pre-testing of the five surveys would be conducted in next ten days and then the studies would begin across the country by the Labour Bureau
 "5 labour surveys including on migrants, domestic workers to begin by Apr 1")
China backs India hosting this year's BRICS summit, says official
China said it will work with New Delhi to strengthen the cooperation among the five-member grouping of emerging economies
 "China backs India hosting this year's BRICS summit, says official")
HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%
Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal
 "HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%")
Top headlines: RBI buys bonds, Tatas outdo Sensex under Chandrasekaran
The Reserve Bank of India (RBI) bought about Rs 26,000 crore of bonds from the secondary market anonymously on February 12, a day after it bought Rs 20,000 crore as part of its announced OMOs
 "Top headlines: RBI buys bonds, Tatas outdo Sensex under Chandrasekaran")
UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end
The consignment will be sent to Singapore from Siddharth Nagar by the end of March this year
 "UP to export 20 tonnes of 'Kala Namak' rice to Singapore by March end")
Ahmedabad-Mumbai Tejas Express skips Andheri halt, WR probe on
The Ahmedabad-Mumbai Tejas Express on Sunday skipped its halt at Andheri station, inconveniencing 42 passengers who had to alight there, Western Railway officials said.
 "Ahmedabad-Mumbai Tejas Express skips Andheri halt, WR probe on")
Statsguru: Seven charts explain India's tryst with cryptocurrencies
Bitcoin, which commands more than $50,000 on any exchange today, was founded anonymously in 2009
 "Statsguru: Seven charts explain India's tryst with cryptocurrencies")
Kolkata Port sails on asset monetisation, intends to expand portfolio
India's oldest port has been leasing its vast land bank for decades. With the Budget announcing plans to monetise public assets, it intends to expand its portfolio and extend to non-land assets, too
 "Kolkata Port sails on asset monetisation, intends to expand portfolio")
Land policy delay hurdle to Container Corporation sale, says panel
Railway ministry denies charge, says divestment planned for next year
 "Land policy delay hurdle to Container Corporation sale, says panel")
RBI scoops up Rs 26,000-crore bonds anonymously in a single day
This shows that contrary to what the bond market says, the RBI is pumping in enough liquidity in the system
 "RBI scoops up Rs 26,000-crore bonds anonymously in a single day")
To be world leader, private sector must be key driver of growth: Sitharaman
Sitharaman underlined that the nation's growing and aspiring needs and demands across various sectors cannot be served just by state government and central governments put together
 "To be world leader, private sector must be key driver of growth: Sitharaman")
Net payroll addition cruises after falling for two months, shows data
Net payroll addition rose to 12.5 trillion in December from 8.7 trillion in the previous month
 "Net payroll addition cruises after falling for two months, shows data")
West Bengal to cut taxes on petrol, diesel price by Re 1 per litre
State finance minister says decision taken despite Amphan, Covid stress and dues from Centre running into Rs 77,000 cr, will bring marginal relief especially to farmers who use diesel
 "West Bengal to cut taxes on petrol, diesel price by Re 1 per litre")
Govt profiteering off people's misery: Sonia Gandhi to PM on fuel prices
In a letter to Modi, she said the truth is that as GDP nosedives, the prices of gas, diesel and petrol continue to rise unchecked
 "Govt profiteering off people's misery: Sonia Gandhi to PM on fuel prices")
Piyush Goyal dedicates series of projects for rail infrastructure in WB
The Union Minister of Railways Piyush Goyal on Sunday has dedicated series of projects for the development of rail infrastructure in poll-bound West Bengal.
 "Piyush Goyal dedicates series of projects for rail infrastructure in WB")
As fuel prices soar, Bengal govt reduces tax on petrol, diesel by Rs 1
The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight.
NMDC Donimalai mine ops to improve domestic iron ore supply: Experts
Resumption of mining operations at the Donimalai mine will improve iron ore supply in the country and help ease prices of the key steel making raw material, experts say.
 "NMDC Donimalai mine ops to improve domestic iron ore supply: Experts")
Global IoT semiconductor component market to hit $80 bn in 2025
The global Internet of Things (IoT) semiconductor component market will grow at a compound annual growth rate of 19 per cent from $33 billion in 2020 to $80 billion in 2025, said a new report
 "Global IoT semiconductor component market to hit $80 bn in 2025")