Page 1522 - Economy & Policy News
Job market continues to improve led by IT, agro-based industries: Report
Job market continues to improve sequentially across the country and job postings in some industries have improved, with some doing even better than the pre-Covid levels, led by IT, agro-based sectors
 "Job market continues to improve led by IT, agro-based industries: Report")
Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020
Exports of non-basmati rice more than doubled to Rs 22,856 crore during April-December 2020-21 as against Rs 10,268 crore in the same period of the previous year, according to the commerce ministry.
 "Non-basmati rice exports doubled to Rs 22,856 cr during Apr-Dec 2020")
General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report
While state-owned insurers' losses rose 1.12% to Rs 18,741 cr, those of private insurers were up over 26% to Rs 3,647 cr
 "General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report")
No plans to cut taxes on petrol, diesel: Oil Minister Pradhan
Pradhan on Wednesday ruled out any cut in excise duty, for now
 "No plans to cut taxes on petrol, diesel: Oil Minister Pradhan")
JSW crude steel output increases 2% to 14.32 LT in January
Steel maker JSW Steel has registered a rise of about 2 per cent in its crude steel output to 14.32 lakh tonne (LT) during January
 "JSW crude steel output increases 2% to 14.32 LT in January")
Would industry still hail a budget without tax sops if cost of money rises?
Higher interest rates will clip investment plans of companies and could bad news for FM Nirmala Sitharaman who feels she has kept her part of the deal in Budget FY22 by not raising taxes
 "Would industry still hail a budget without tax sops if cost of money rises?")
No proposal to change FDI rules for e-commerce, says Parkash
There is no proposal to bring in changes in FDI norms for the e-commerce sector, Parliament was informed
 "No proposal to change FDI rules for e-commerce, says Parkash")
NHAI removes min amount in FASTag Wallet for seamless movement of traffic
Says issuer banks were unilaterally mandating threshold amount value in addition to security deposit, due to which users were held up at toll plaza in spite of having sufficient balance
 "NHAI removes min amount in FASTag Wallet for seamless movement of traffic")
Base Effect: India's FY22 GDP expected to grow 10.4%, says Ind-Ra
The growth will be primarily driven by the base effect, said India Ratings and Research (Ind-Ra)
 "Base Effect: India's FY22 GDP expected to grow 10.4%, says Ind-Ra")
Govt's logistics division to formulate national packaging initiative
The logistics division, under the Commerce Ministry, has started an exercise to formulate a national packaging initiative
 "Govt's logistics division to formulate national packaging initiative")
Karnataka to soon unveil policy framework on agriculture start-ups
Karnataka Agriculture Minister B C Patil said the Government would soon unveil a policy framework on agri start-ups
 "Karnataka to soon unveil policy framework on agriculture start-ups")
Parliament passes bill to provide greater autonomy to major ports
Ports, Shipping and Waterways Minister Mansukh Mandaviya on Wednesday said it seeks to provide autonomy to these ports and boost their decision-making powers in order to compete with private ports
 "Parliament passes bill to provide greater autonomy to major ports")
NABARD lays emphasis on farmer producer organisation: official
NABARD believes the strategy of achieving higher growth in agriculture needs to be based on forming new farmer producer organisations (FPOs) and nurturing the existing ones
 "NABARD lays emphasis on farmer producer organisation: official")
India's medium-term growth outlook critical in ratings, says Fitch
Agency says loosening of fiscal policy to support economic recovery will lead to a rise in public debt, adding that debt-to-GDP trajectory is core to its sovereign rating assessment
 "India's medium-term growth outlook critical in ratings, says Fitch")
Understanding the zero-sum game of the new agriculture infra cess
While the FM has ostensibly got her act right on imposing the levy without punishing the consumer, questions about the share of states, the rate structure and the use of funds remain
 "Understanding the zero-sum game of the new agriculture infra cess")
Exports continue to register positive growth, up 10.3% during February 1-8
The rise was helped by strong performance by key sectors such as engineering and chemicals
 "Exports continue to register positive growth, up 10.3% during February 1-8")
International passenger traffic fell by 90.56% in March-Dec 2020: Govt
The pandemic continues to weigh on the airline sector
 "International passenger traffic fell by 90.56% in March-Dec 2020: Govt")
Petrol, diesel prices at fresh highs as rates up for 2nd straight day
Petrol and diesel prices on Wednesday scaled new highs in the country as rates were hiked for the second day in a row
 "Petrol, diesel prices at fresh highs as rates up for 2nd straight day")
Govt's vehicle scrapping policy may be hobbled by lack of strong incentives
Automakers are counting on the plan to boost sales, which have been smashed by a widespread fall in demand
 "Govt's vehicle scrapping policy may be hobbled by lack of strong incentives")
Migrant workers returning, getting work: Labour and Employment Minister
Millions of migrant workers went back to their home states during the COVID-19 pandemic
 "Migrant workers returning, getting work: Labour and Employment Minister")