Page 1565 - Economy & Policy News
2020, the year that was: Bank frauds, drug hauls kept probe agencies busy
ED and CBI probed high-profile frauds; arrested Rana Kapoor, Deepak Kochchar
 "2020, the year that was: Bank frauds, drug hauls kept probe agencies busy")
India's crude oil production tapers, delaying cut in import dependence
India produced around 2.5-2.6 million tonnes (mt) of crude oil per month in 2020
 "India's crude oil production tapers, delaying cut in import dependence")
Centre's debt touches 56.2% of GDP in first half of FY21, shows data
Outstanding debt was Rs 107.04 trn, 13.12% more than Rs 94.62 trn at FY20-end
 "Centre's debt touches 56.2% of GDP in first half of FY21, shows data")
What 'Team Biden' means for India's energy and strategic relations with US
As US expectedly pivots away from fossil fuels and India redoubles its commitment to the Paris Accord, Jennifer Mulhern's role becomes far more significant
 "What 'Team Biden' means for India's energy and strategic relations with US")
Housing price index growth moderates, varies widely among major cities
The HPI increased 9 per cent in Ahmedabad, and contracted 5.5 per cent in Delhi
 "Housing price index growth moderates, varies widely among major cities")
Interest rates on small savings kept unchanged for fourth quarter of FY21
The rates have not been changed since September 1, 2020; status quo to help Centre raise additional resources, says Icra economist
 "Interest rates on small savings kept unchanged for fourth quarter of FY21")
Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%
This is despite a reasonable pick-up in tax revenues during the month as economic activity gradually reverts to normalcy amid the pandemic
 "Fiscal deficit at 135% of BE on higher capex; spending in Nov rises 250%")
Indian economy to grow by mere 1% in real terms next fiscal: India Ratings
India Ratings said the country's gross domestic product (GDP) is expected to contract 7.8 per cent in 2020-21
 "Indian economy to grow by mere 1% in real terms next fiscal: India Ratings")
Efforts on to rehabilitate those who lost jobs during lockdown: Bihar CM
Nitish Kumar asserted that efforts were being made to economically rehabilitate those who have returned to their homes in the state, having lost jobs elsewhere
 "Efforts on to rehabilitate those who lost jobs during lockdown: Bihar CM")
Our economy will grow at 10% in 2021-22 in real terms: NITI Aayog
India's economy will grow at 10 per cent in real terms and by the end of next year it will reach pre-Covid-19 level, NITI Aayog Vice-Chairman Rajiv Kumar said
 "Our economy will grow at 10% in 2021-22 in real terms: NITI Aayog")
Reliable data, understanding must for effective policy intervention: Ind-Ra
An appropriate understanding based on reliable data is critical to ensure effective policy intervention, India Ratings and Research (Ind-Ra) said
 "Reliable data, understanding must for effective policy intervention: Ind-Ra")
Retail inflation for industrial workers eases to 5.27% in November
Retail inflation for industrial workers eased to 5.27 per cent in November compared to 5.91 per cent in October, mainly due to lower prices of certain food items
 "Retail inflation for industrial workers eases to 5.27% in November")
Eight core industries' output contracts 2.6% in November
The output of eight core infrastructure sectors dropped by 2.6 per cent in November, mainly due to decline in production of natural gas, refinery products, steel and cement
 "Eight core industries' output contracts 2.6% in November")
India's April-November fiscal deficit tops 135% of full-year target
Net tax receipts were 6.88 trillion rupees, while total expenditure came to 19.06 trillion rupees
 "India's April-November fiscal deficit tops 135% of full-year target")
FDI equity inflow up 21% to $35.3 billion in April-Oct, says DPIIT
Foreign direct investment (FDI) equity inflows into India grew 21 per cent during April-October period of the current financial year
 "FDI equity inflow up 21% to $35.3 billion in April-Oct, says DPIIT")
IRCTC launches new website and mobile app with personalised features
Predictive suggestions using AI while entering station or passenger name to save time buying tickets, integrated booking for meals and accommodation as some of the add-ons
 "IRCTC launches new website and mobile app with personalised features")
Coronavirus impact: How data proved to be the new oil and saviour in 2020
Seamless broadband service is the backbone of remote working and telecom providers leveraged this opportunity to the maximum
 "Coronavirus impact: How data proved to be the new oil and saviour in 2020")
Fresh IBC suspension, pandemic may hit stressed assets resolution pace
Suspension of fresh proceedings under the insolvency law as well as the NCLT switching to virtual hearings seem to have put the brakes on the pace of resolution process for stressed assets
 "Fresh IBC suspension, pandemic may hit stressed assets resolution pace")
India's protesting farmers hold key to self-reliance in edible oils
Indian farmers have the power to help slash a huge annual bill of $10 billion for imports of vegetable oils
 "India's protesting farmers hold key to self-reliance in edible oils")
After Covid pandemic blows in 2020, India's exports may rebound in new year
After being severely hit by the COVID-19 pandemic this year, the country's exports growth is expected to rebound in 2021 on the back of recovery in economic activities and demand worldwide
 "After Covid pandemic blows in 2020, India's exports may rebound in new year")