Page 1563 - Economy & Policy News
Recovery tracker: More visits to transit stations, freight shows gains
Monday morning traffic is still over 40% below 2019 levels in key cities
 "Recovery tracker: More visits to transit stations, freight shows gains")
Vietnam buys Indian rice for first time in decades: Industry officials
The purchases underscore tightening supplies in Asia, which could lift rice prices in 2021 and even force traditional buyers of rice from Thailand and Vietnam to switch to India
 "Vietnam buys Indian rice for first time in decades: Industry officials")
Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker
Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes
 "Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker")
FinMin releases Rs 6K crore to states to meet GST compensation shortfall
The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 trillion in revenue arising on account of implementation of GST
 "FinMin releases Rs 6K crore to states to meet GST compensation shortfall")
Does govt need most of its staff? Covid offered a rare chance to find out
The country has just about 418,00 central govt employees beyond rail, defence and home. Yet, core functions have been working smoothly, even as this feeble size isn't often put to use
 "Does govt need most of its staff? Covid offered a rare chance to find out")
Finance ministry releases 10th instalment of GST compensation to states
The Finance Ministry on Monday released the tenth weekly instalment of Rs 6,000 crore to the states to meet the Goods and Services Tax (GST) compensation shortfall
 "Finance ministry releases 10th instalment of GST compensation to states")
Delhi HC postpones hearing on pleas against anti-profiteering to Feb 15
Petitions were listed today before the division bench for hearing, but due to elevation of one of the judges, a change in the roster is expected
 "Delhi HC postpones hearing on pleas against anti-profiteering to Feb 15")
Taking several initiatives to augment coal evacuation infrastructure: Govt
The coal ministry has said the government is taking several initiatives to augment the coal evacuation infrastructure, including laying new railway lines
 "Taking several initiatives to augment coal evacuation infrastructure: Govt")
India's tax pie gets altered because of Covid; share of direct taxes drops
India witnessed a sharp drop in direct tax collections resulting from a disproportionate impact of the Covid-19 carnage on incomes
 "India's tax pie gets altered because of Covid; share of direct taxes drops")
Manufacturing production, new orders expand further: IHS Markit report
The health of Indian manufacturing sector continued to strengthen in December with manufacturers stepping up production and input buying amid efforts to rebuild their inventories, IHS Markit said
 "Manufacturing production, new orders expand further: IHS Markit report")
India's manufacturing sector ends 2020 on brighter note; Dec PMI up at 56.4
India's factory sector ended a rough 2020 on a stronger note as manufacturers boosted production to meet rising demand, a private survey showed on Monday
 "India's manufacturing sector ends 2020 on brighter note; Dec PMI up at 56.4")
Need worker protection, migrant data: Will labour laws drive job creation?
We take a look at what transpired on the jobs and labour fronts in 2020 and what experts have to say as we step into 2021
 "Need worker protection, migrant data: Will labour laws drive job creation?")
Textiles, realty on revival path as business limps back to pre-Covid levels
Recovery will be across segments, including cotton yarn, readymade garments, polyester yarn, and home textiles, driven by higher domestic and export demand
 "Textiles, realty on revival path as business limps back to pre-Covid levels")
STATSGURU: Here's how the world's coronavirus vaccine map looks like
Most vaccines are not yet available in plenty, and are costly, too
 "STATSGURU: Here's how the world's coronavirus vaccine map looks like")
Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township
The township, which will encompass plotted developments, villas, villaments and apartments, will be completed within five years.
 "Satyaa Homes, Ambuja Neotia group to develop a 72-acre Kolkata township")
China's glass shortage, trade restrictions hit solar panel prices in India
India imports close to 90 per cent of its solar cells and module demand, of which 80 per cent is from China
 "China's glass shortage, trade restrictions hit solar panel prices in India")
Credit quality of rated entities improved in Q3, says CARE
The MCR, the ratio of upgrades plus reaffirmations to downgrades plus reaffirmations, rose to 0.96 for Q3FY21
 "Credit quality of rated entities improved in Q3, says CARE")
Ground ready for new options to resolve stressed assets: IBBI chief
The ground seems to be ready to experiment new options for resolution of stress and the market is anticipating a hybrid framework between a court-supervised insolvency framework and an out-of-court restructuring schemes, IBBI Chairperson M S Sahoo has said.
 "Ground ready for new options to resolve stressed assets: IBBI chief")
Government launches massive crackdown on 7,000 GST evaders, 185 arrested
The government netted a record GST collection of Rs 1.15 lakh crore in December 2020, helped by the action against tax evaders alongside pick up in the economy
 "Government launches massive crackdown on 7,000 GST evaders, 185 arrested")
Environment vs Economy: Why govt is going slow on single-use plastic ban
Prime Minister Narendra Modi had vowed to take the Indian people along in a nationwide commitment to end the use of single use plastic
 "Environment vs Economy: Why govt is going slow on single-use plastic ban")