Page 1586 - Economy & Policy News
Not worried about budget deficit as spending up to support economy: FM
The government will ensure that state-owned enterprises continue with capital expenditure, she said
 "Not worried about budget deficit as spending up to support economy: FM")
Recovery tracker: Signs of uptick as power, rail freight pick up steam
Power generation was up four per cent on average on year-on-year basis during the week ended December 7, indicating a rise in energy demand from the commercial and household sector
 "Recovery tracker: Signs of uptick as power, rail freight pick up steam")
Need to ensure timely roll-out of next generation 5G technology: PM Modi
Modi emphasised that every village will be connected through the high-speed optical fibre network
 "Need to ensure timely roll-out of next generation 5G technology: PM Modi")
India a key part of renewable plan, hope to double portfolio by 2030: EDF
EDF Renewables plans to push its ambitious plan for India through EDEN Renewables, its joint venture with Total Eren
 "India a key part of renewable plan, hope to double portfolio by 2030: EDF")
Concerted efforts to curb road accidents result in reducing deaths: Gadkari
Expressing concern over India accounting for 11 per cent share in global road accident deaths, Union Minister Nitin Gadkari said concerted efforts have resulted in reducing crashes significantly.
 "Concerted efforts to curb road accidents result in reducing deaths: Gadkari")
Rs 12.5 tn investment needed to realise India's 2030 EV targets: Study
The study is an initiative of think tank Council on Energy, Environment and Water (CEEW)
 "Rs 12.5 tn investment needed to realise India's 2030 EV targets: Study")
Indian employers see better hiring intent for first quarter of 2021: Survey
The sectors expected to drive the job market in the 2021 first quarter include finance, insurance and real estate, and mining & construction sector.
 "Indian employers see better hiring intent for first quarter of 2021: Survey")
STATSGURU: What issues RBI's monetary policy addresses and what remains?
The following charts explain the current situation of the economy
 "STATSGURU: What issues RBI's monetary policy addresses and what remains?")
India emerging as most preferred destination for mobile manufacturing: PM
Prime Minister Narendra Modi said that India is emerging as the most preferred destination for mobile manufacturing
 "India emerging as most preferred destination for mobile manufacturing: PM")
Foreign innovation welcome but govt equally keen on India's safety: Prasad
Ravi Shankar Prasad said foreign investments and innovations are welcome but at the same time, the government is focussed on promoting Indian innovation as well as keen on the country's safety
 "Foreign innovation welcome but govt equally keen on India's safety: Prasad")
UN award proof of focus on making India favoured investment destination: PM
Prime Minister Narendra Modi congratulated Invest India, an investment promotion and facilitation agency of the Union government, for winning the '2020 United Nations Investment Promotion Award'
Fitch revises India's FY21 GDP contraction forecast from 10.5% to 9.4%
The projections compare to a GDP growth of 4.2 per cent in 2019-20 (April 2019 to March 2020) fiscal and 6.7 per cent annual expansion between 2015 and 2019
 "Fitch revises India's FY21 GDP contraction forecast from 10.5% to 9.4%")
TRAI issues consultation paper seeking views on norms for DTH services
The Telecom Regulatory Authority of India issued a consultation paper seeking views and comments on regulatory framework recommended for direct-to-home (DTH) services
 "TRAI issues consultation paper seeking views on norms for DTH services")
Have Rs 1,500-crore exposure to four stressed firms,, says GIC Re
General Insurance Corporation of India (GIC Re) said it has exposure totalling Rs 1,453.74 crore in IL&FS group, DHFL, Reliance Capital and Reliance Home Finance as of March 2020 and it has made provisions over and above the regulatory norms.
 "Have Rs 1,500-crore exposure to four stressed firms,, says GIC Re")
As Vivad Se Vishwas scheme draws to close, tax officers face the heat
Vivad Se Vishwas scheme allows the waiver of interest, penalty, and prosecution for settling tax disputes due up to January 31, 2020
 "As Vivad Se Vishwas scheme draws to close, tax officers face the heat")
Tourism ministry urges Covid-19 insurance cover for foreign tourists
Ministry's addl director general says dept is studying insurance plans offered by Singapore, talks are on with insurers and finance ministry on modalities of providing Covid cover
 "Tourism ministry urges Covid-19 insurance cover for foreign tourists")
Chinese exports to India decline 13%; India's trade up 16% in 2020
China's exports to India declined by 13% in the first 11 months of the year, while Indian exports to China rose 16% in the same period
 "Chinese exports to India decline 13%; India's trade up 16% in 2020")
Lakshmi Vilas Bank name board gets DBS logo, tagline on new ownership
Ad banner carrying DBS Bank's brand ambassador Sachin Tendulkar to spread awareness
 "Lakshmi Vilas Bank name board gets DBS logo, tagline on new ownership")
Old laws a burden, need reforms to build new century, says PM Modi
His remarks came in the backdrop of ongoing protests by farmers against three new farms laws.
 "Old laws a burden, need reforms to build new century, says PM Modi")
Digital gold is the new war zone for PhonePe, Amazon and Google in India
With Covid-19 impacting buying sentiment, the tech giants are leaving no stone unturned to woo customers to buy digital gold on instalments across the country, including smaller towns
 "Digital gold is the new war zone for PhonePe, Amazon and Google in India")