Page 1526 - Economy & Policy News
India, EU hold high-level dialogue, discuss ways to promote trade
India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments
 "India, EU hold high-level dialogue, discuss ways to promote trade")
Big reforms: RBI gives retail investors direct access to govt bonds market
India, in fact, will be the third nation in the world after the United States and Brazil, where retail participants can take direct exposure on the government bond market
 "Big reforms: RBI gives retail investors direct access to govt bonds market")
Monetary policy: RBI to roll back CRR cut in phases, assures liquidity
RBI keeps repo rate unchanged at 4%, pegs FY22 GDP growth at 10.5%
 "Monetary policy: RBI to roll back CRR cut in phases, assures liquidity")
An IWG taking a look at central bank digital currency: Das, Kanungo & Patra
RBI Governor Shaktikanta Das, and Deputy Governors Michael Debabrata Patra and B P Kanungo spoke on a range of topics in a post-policy press meet
 "An IWG taking a look at central bank digital currency: Das, Kanungo & Patra")
Monetary policy: RBI doing exactly what AQR does, though unofficially
The Economic Survey, last week, had suggested that there should be one more round of AQR of banks after the Covid-related forbearance is over
 "Monetary policy: RBI doing exactly what AQR does, though unofficially")
MPC in 2 minutes: Here're the key development and regulatory steps
The six-member MPC kept interest rates on hold, but said it will keep its stance accommodative to support the government's huge borrowing programme
 "MPC in 2 minutes: Here're the key development and regulatory steps")
RBI monetary policy: Govt told to cut fuel taxes to ease inflation concerns
GDP projection revised upwards, but lower than Eco Survey's
 "RBI monetary policy: Govt told to cut fuel taxes to ease inflation concerns")
Monetary policy: Retail interest in G-secs may be limited, say experts
HNI participation may be gradual; mutual funds see little impact on fund flows
 "Monetary policy: Retail interest in G-secs may be limited, say experts")
Nasscom hails ten-month delay in implementing Trump's H-1B allotment rule
Dept of Homeland Security will now push date of the rule March 9 to December 31, will review it as a whole for potential changes or for rescinding it
 "Nasscom hails ten-month delay in implementing Trump's H-1B allotment rule")
Budget may help pare FCI dues, but risk of cost overrun remains
The Budget has allocated around Rs 4.22 trillion for food subsidy. Of this, FCI's share is around Rs 3.44 trillion
 "Budget may help pare FCI dues, but risk of cost overrun remains")
Following 4-pronged approach to reduce compliance burden on biz: DPIIT secy
About 1,400 such Acts have already been removed since the government came to power
 "Following 4-pronged approach to reduce compliance burden on biz: DPIIT secy")
Railways, Department of Posts, AAI not to be privatised under PSE policy
Public sector enterprises in the nature of development and regulatory authorities, autonomous organisations, trusts, development financing institutions would also be out of the policy
 "Railways, Department of Posts, AAI not to be privatised under PSE policy")
Budget envisages private sector participation: FM Nirmala Sitharaman
This would facilitate the private sector in areas such as power, roads, ports and airports, among others
 "Budget envisages private sector participation: FM Nirmala Sitharaman")
MFIN welcomes RBI move to harmonise regulations for micro finance lenders
Microfinance Institutions Network (MFIN) on Friday welcomed the Reserve Bank's decision to come out with a consultative document to harmonise regulatory framework for micro financiers.
 "MFIN welcomes RBI move to harmonise regulations for micro finance lenders")
Revoking of CVD, ADD to hurt earnings of domestic stainless steel industry
"Traders are expected to stock up cheap imports creating huge inventories in the coming months ahead of an anticipated demand boom in the sector," said an official of a large stainless steel firm
 "Revoking of CVD, ADD to hurt earnings of domestic stainless steel industry")
Rs 97k cr disputed sum offered for settlement under Vivad Se Vishwas
So far, 1,25,144 cases have opted for the Vivad se Vishwas (VsV) Scheme, which is 24.5 per cent of the 5,10,491 cases that were pending at different legal fora
 "Rs 97k cr disputed sum offered for settlement under Vivad Se Vishwas")
Tamil Nadu government announces waiver of crop loans worth Rs 12,110 crore
Assembly elections are likely in April or early May in Tamil Nadu
 "Tamil Nadu government announces waiver of crop loans worth Rs 12,110 crore")
Budget another 'assault' on farmers, they have to pay more on fuel: Rahul
Earlier, in another tweet, the former Congress chief said, "Modi''s crony centric budget means -- Jawans facing Chinese aggression in extreme conditions will get no support. India''s defenders betraye
 "Budget another 'assault' on farmers, they have to pay more on fuel: Rahul")
Reduction in duty could reduce steel prices by up to 10% in near term: Icra
The reduction of duty on steel products, as proposed in the Budget 2021-22, may bring down prices of the metal by up to 10 per cent in the near term, according to ICRA
 "Reduction in duty could reduce steel prices by up to 10% in near term: Icra")
Forex reserves jump $4.85 bn to touch lifetime high of $590.18 bn
In the previous week ended January 22, the reserves rose by $1.09 billion to $585.33 billion
 "Forex reserves jump $4.85 bn to touch lifetime high of $590.18 bn")