Page 1524 - Economy & Policy News
Four-day week likely for some firms as final rules of labour codes are set
Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that
 "Four-day week likely for some firms as final rules of labour codes are set")
India, UK hold discussions to promote bilateral trade, investments
India and the UK have held discussions on promoting bilateral trade and investments between the two countries
 "India, UK hold discussions to promote bilateral trade, investments")
Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the government is taking steps to carefully monitor the fiscal deficit, which is estimated at 9.5 per cent of the GDP for the current financial year.
 "Govt taking steps to carefully monitor fiscal deficit: FM Sitharaman")
West Bengal govt allots Singur land to five investors for agro industries
The cabinet also approved the proposal to offer jobs to the next of kin in case of death of civic police officials
 "West Bengal govt allots Singur land to five investors for agro industries")
5G to roll out in India by early 2022; panel pulls up DoT for delay
The telecom ministry has already announced the auction of spectrum worth Rs 3.92 trillion from March 1, but it does not include the desired frequency band for 5G services
 "5G to roll out in India by early 2022; panel pulls up DoT for delay")
Public, private sector banks disburse loans worth Rs 1.42 trn under ECLGS
About Rs 1.98-trillion loans have been sanctioned by the banks to MSMEs, Parliament was informed
 "Public, private sector banks disburse loans worth Rs 1.42 trn under ECLGS")
No data on number of companies giving online app-based loans, says govt
Anurag Thakur informed the Parliament that the MCA does not capture the data of registered companies providing online lending services
 "No data on number of companies giving online app-based loans, says govt")
Moody's upgrades power sector outlook to stable on generation uptick
For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline
 "Moody's upgrades power sector outlook to stable on generation uptick")
Service complaints by bank customers rise 57% to over 300,000: RBI report
The disposal rate declined marginally to 92.36 per cent, as against 94.03 per cent in 2018-19 as the surging complaints had to be handled by the same number of staff
 "Service complaints by bank customers rise 57% to over 300,000: RBI report")
EPFO settles 6 mn Covid advance claims, releases Rs 15,256 cr till Jan 31
The retirement fund body has settled 56.79 lakh Covid-19 non-refundable advance claims and disbursed ₹14,310 crore till 31 December
 "EPFO settles 6 mn Covid advance claims, releases Rs 15,256 cr till Jan 31")
Over Rs 2.06 trillion GST compensation to states due for April-November
A total of Rs 84,000 crore has been released to the states under the special borrowing window
 "Over Rs 2.06 trillion GST compensation to states due for April-November")
Irdai panel suggests introduction of index-linked insurance products
An Irdai panel has made a case for the introduction of index-linked insurance products (ILIP) an apt alternative to the current conventional guaranteed products and ULIPs
 "Irdai panel suggests introduction of index-linked insurance products")
212 cr released for procurement of e-buses under FAME-India Scheme
About Rs 212.31 crore has been released for the procurement of electric buses as of January 31 this year under the second phase of FAME-India Scheme
 "212 cr released for procurement of e-buses under FAME-India Scheme")
RBI to buy bonds worth Rs 20,000 crore via OMOs on February 10
The Reserve Bank of India (RBI) said on Monday it plans to buy bonds worth Rs 20,000 crore through open market operations (OMOs)
 "RBI to buy bonds worth Rs 20,000 crore via OMOs on February 10")
Average pace of NH construction in Apr-Dec was 28 km/day: Gadkari
The pace of highway construction during April-December 2020, on average, was 28 km a day amid the COVID-19 pandemic, Parliament was informed
 "Average pace of NH construction in Apr-Dec was 28 km/day: Gadkari")
RBI move to harmonise MFI norms to improve sector competitiveness: Ind-Ra
Rating agency urges level-playing field for finance cos
 "RBI move to harmonise MFI norms to improve sector competitiveness: Ind-Ra")
Indian pharma market expected to hit $130 billion by 2030: Sadananda Gowda
The Indian pharmaceutical industry has proved to be a dependable supplier of quality drugs in a time of global need on account of the COVID-19 pandemic, Gowda said
 "Indian pharma market expected to hit $130 billion by 2030: Sadananda Gowda")
Goa: Hundreds of mining dependents take out protest march in Panaji
Iron ore extraction activities have been shut in the state for last three years
 "Goa: Hundreds of mining dependents take out protest march in Panaji")
Duty cut could bring down domestic steel prices by 10%, says ICRA
Government's proposal to reduce import duty on steel products in Budget 2021-22 would make their imports more competitive and in turn exert near-term pricing pressures on domestic steelmakers
 "Duty cut could bring down domestic steel prices by 10%, says ICRA")
Despite surge, India face no change in crude prices from Saudi Arabia
The oil diplomacy by India has paid dividend with world's largest oil producer Saudi Arabia deciding against raising crude supplies for March delivery to Asian consumers
 "Despite surge, India face no change in crude prices from Saudi Arabia")