Page 1533 - Economy & Policy News
Stronger vaccination drive need to revive economy, create jobs: Nilekani
To achieve scale, one has to vaccinate 5-10 million people a day and this would need strong cooperation between govt and private sector, he says
 "Stronger vaccination drive need to revive economy, create jobs: Nilekani")
Output of eight core industries contracts 1.3% in December 2020
During April-December 2020-21, the sectors' output declined by 10.1 per cent against a growth rate of 0.6 per cent in the same period of the previous year
 "Output of eight core industries contracts 1.3% in December 2020")
Tata Electronics, Pegatron among Rs 52,258 cr proposals cleared by TN govt
The cabinet also cleared the government's new industrial policy
 "Tata Electronics, Pegatron among Rs 52,258 cr proposals cleared by TN govt")
India's fiscal deficit soars to Rs 11.6 trillion at December end
According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20
 "India's fiscal deficit soars to Rs 11.6 trillion at December end")
India's GDP growth rate for 2019-20 revised downwards to 4% from 4.2%
Under the first revision released in January 2020, real GDP or GDP at constant (2011-12) prices for 2018-19 was pegged at Rs 139.81 trillion, showing a growth of 6.1 per cent
 "India's GDP growth rate for 2019-20 revised downwards to 4% from 4.2%")
Budget Byte: Healthy corporate profits may help improve govt spending
Rising corporate profits and relatively unaffected salaries may help continue this trend giving a positive impetus to government spending
 "Budget Byte: Healthy corporate profits may help improve govt spending")
Localisation strategy for jobs would help address protectionism: Nilekani
He said the strategy for the companies is to be an active player in every market that they operate and have an articulation of partnership with that country and which reflects its priorities
 "Localisation strategy for jobs would help address protectionism: Nilekani")
New farm laws will have multiple benefits for farmers: CEA Subramanian
Amid the ongoing controversy over the three new farm laws, Chief Economic Adviser K V Subramanian on Friday said legislations will have multiple benefits for the farmers.
 "New farm laws will have multiple benefits for farmers: CEA Subramanian")
Rising Bangladesh exports hold lessons for India: Economic Survey
The Economic Survey 2021 on Friday suggested that India can take some "lessons" from Bangladesh, a strong exporting nation, and focus on specialising in products in which it is competitive.
 "Rising Bangladesh exports hold lessons for India: Economic Survey")
Improved monetary policy transmission brings down interest rate: Eco Survey
The Economic Survey on Friday said that the monetary policy transmission has improved resulting in fast lowering of interest rate for borrowers.
 "Improved monetary policy transmission brings down interest rate: Eco Survey")
India, Bangladesh review bilateral ties, discuss PM's March visit to Dhaka
Foreign Secretaries of India and Bangladesh on Friday carried out a comprehensive review of the overall bilateral ties and held discussions on preparations for PM's visit to Dhaka in March.
 "India, Bangladesh review bilateral ties, discuss PM's March visit to Dhaka")
Forbearance an 'emergency medicine' not 'staple diet': Eco Survey
The government must get rid of the forbearance window, provided by banks to borrowers due to COVID-19 induced economic challenges, as soon as the economy starts to revive, the Economic Survey said
 "Forbearance an 'emergency medicine' not 'staple diet': Eco Survey")
Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey
The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31
 "Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey")
NPPA ensured availability of essential drugs during pandemic: Eco Survey
Drug pricing regulator NPPA undertook necessary steps to ensure availability of life saving essential medicines across the country during the COVID-19 pandemic, the Economic Survey said on Friday.
 "NPPA ensured availability of essential drugs during pandemic: Eco Survey")
Air passenger traffic predicted to reach pre-Covid levels in early 2021
Air passenger traffic and aircraft movements are predicted to reach pre-COVID levels in early 2021, according to the Economic Survey 2020-21 released on Friday
 "Air passenger traffic predicted to reach pre-Covid levels in early 2021")
India only emerging market to get equity FPI inflows in 2020: Eco Survey
The country attracted $30 billion in the first nine months of the year
 "India only emerging market to get equity FPI inflows in 2020: Eco Survey")
India emerges as leading country for flexi-staffing: Eco Survey
India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, the survey said
 "India emerges as leading country for flexi-staffing: Eco Survey")
GDP growth leads to debt sustainability, says Economic Survey
Economic Survey made a case for an optimal fiscal stance
 "GDP growth leads to debt sustainability, says Economic Survey")
Vaccination drive to help revive contact intensive services sector
With the ongoing vaccination drive, the contact intensive services sectors are expected to witness revival, the Economic Survey
 "Vaccination drive to help revive contact intensive services sector")
Eco Survey reaffirms worst behind; but govt support needed: Industry
The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery, India Inc said