Page 1512 - Economy & Policy News
Fuel price hike could see 50,000 small truckers going out of business
Industry players say vehicle supply is already higher than needed, so when fleet owners prune sizes, single-owners who supply them their trucks will be hit hard
 "Fuel price hike could see 50,000 small truckers going out of business")
PM Narendra Modi launches Rs 3,222-crore petro, gas projects in Assam
PM Modi enumerated steps taken by the state government led by Sarbananda Sonowal
 "PM Narendra Modi launches Rs 3,222-crore petro, gas projects in Assam")
59% respondents cutting spends to cope with rising fuel prices: survey
Most want centre to reverse Covid excise duty, states to prune VAT rate or replace ad valorem rate with flat tax structure
 "59% respondents cutting spends to cope with rising fuel prices: survey")
MPC minutes: Unwinding high indirect taxes on fuel critical, says Das
Fall in inflation gives MPC room to continue to support growth in economy
 "MPC minutes: Unwinding high indirect taxes on fuel critical, says Das")
Centre likely to go Canada way to set up SPV for land monetisation
Over the years, PSUs have been unsuccessful in selling their land assets due to pending litigation and lease terms
 "Centre likely to go Canada way to set up SPV for land monetisation")
Import embargo on 101 defence items would encourage self-reliance: PM Modi
Modi underscored the opportunities the government has created for the private sector by bifurcating the capital procurement budget into separate domestic and foreign procurement routes
 "Import embargo on 101 defence items would encourage self-reliance: PM Modi")
5,000 clusters for artisans can be started under SFURTI scheme: Gadkari
MSME Minister Nitin Gadkari on Monday said 5,000 clusters for artisans can be started under the SFURTI scheme by fast-tracking the approval processes and reducing red-tape.
 "5,000 clusters for artisans can be started under SFURTI scheme: Gadkari")
TERI, POSOCO sign MoU to encourage research in domestic power sector
Preparation of joint reports and capacity building of state utilities is also part of the MoU
 "TERI, POSOCO sign MoU to encourage research in domestic power sector")
India's inflation target band needs adjustment, says CEA Subramanian
India's retail inflation, which had touched double-digits during the previous Congress party-led government, has gradually fallen, helping Modi to win a second term in 2019
 "India's inflation target band needs adjustment, says CEA Subramanian")
Gadkari reviews Telangana projects, including Rs 15,980 cr Ring Road
The ring road project comprises two parts -- Rs 9,500 crore northern part and Rs 6,480 crore southern portion
 "Gadkari reviews Telangana projects, including Rs 15,980 cr Ring Road")
India, Mauritius ink landmark economic cooperation agreement
India on Monday signed a landmark Comprehensive Economic Cooperation and Partnership Agreement (CECPA) with Mauritius
 "India, Mauritius ink landmark economic cooperation agreement")
MPC minutes: Growth momentum needs to strengthen further, says RBI Guv
The Reserve Bank remains committed to ensure the availability of ample liquidity in the system to foster congenial financial conditions, says Governor
 "MPC minutes: Growth momentum needs to strengthen further, says RBI Guv")
Bihar's Rs 2.18 trillion budget for FY22 prioritises social, infra sectors
Presenting the revenue-surplus budget in the House, Deputy Chief Minister Tarkishore Prasad, who holds the finance portfolio, proposed to introduce a separate department for skill development
 "Bihar's Rs 2.18 trillion budget for FY22 prioritises social, infra sectors")
Central govt looting people: Sachin Pilot on rising fuel prices
Pilot on Monday questioned the silence of BJP leaders on inflation and rising fuel prices
 "Central govt looting people: Sachin Pilot on rising fuel prices")
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")