Page 1593 - Economy & Policy News
Early winter: Power consumption growth slows to 4.7% in November
India's power consumption growth rate slowed to 4.7 per cent at 98.37 billion units (BU) in November this year amid the onset of early winters especially in the Northern part of the country.
 "Early winter: Power consumption growth slows to 4.7% in November")
Govt plans 'big' dam on Brahmaputra to offset Chinese construction upstream
India too plans to construct a multipurpose reservoir in Arunachal Pradesh to offset its impact, a senior official of the Jal Shakti ministry said on Tuesday.
 "Govt plans 'big' dam on Brahmaputra to offset Chinese construction upstream")
Only Rs 300 cr of retail, MSMEs applied for loan recast: YES Bank
Yes Bank on Tuesday said the loan repayments performance by its retail and small business borrowers has been better than expected, and only Rs 300 crore of the Rs 60,000-crore book has applied for the COVID-19-related loan restructuring scheme.
 "Only Rs 300 cr of retail, MSMEs applied for loan recast: YES Bank")
YES Bank aims to double retail, SME assets & liabilities book by March 2023
The lender expects to grow the combined share of retail and SME in business to 60%
 "YES Bank aims to double retail, SME assets & liabilities book by March 2023")
Truckers hit bylanes to maintain supplies; onion, potato prices stable
During this time of the year, potatoes and vegetables come from Punjab and Haryana
 "Truckers hit bylanes to maintain supplies; onion, potato prices stable")
OECD cuts India's FY21 GDP contraction rate to 9.9% from 10.2% earlier
Expects Budget to be cautious on fiscal expansion, sees rate cut by RBI around turn of the current financial year
 "OECD cuts India's FY21 GDP contraction rate to 9.9% from 10.2% earlier")
Addressable market for OEMs likely to be over Rs 10 trn by 2025: Report
The addressable market for components manufacturers after deducting the conversions cost, handling charges, margins, etc is estimated at around Rs 6.5 to 7.5 trillion
 "Addressable market for OEMs likely to be over Rs 10 trn by 2025: Report")
Discard 'colonial notion' of sovereignty in handing out doles at will: SC
The state must discard the colonial notion that it is a sovereign handing out doles at its will and is bound to act fairly and in a transparent manner, the Supreme Court Tuesday said
 "Discard 'colonial notion' of sovereignty in handing out doles at will: SC")
RBI likely to keep policy rates unchanged, liquidity stance awaited
The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system
 "RBI likely to keep policy rates unchanged, liquidity stance awaited")
Govt procures 31.8 mn tonnes of kharif paddy so far at MSP for Rs 60k cr
The government on Tuesday said it has procured 19 per cent more paddy during the current kharif marketing season so far at 318 lakh tonnes for over Rs 60,000 crore.
 "Govt procures 31.8 mn tonnes of kharif paddy so far at MSP for Rs 60k cr")
Realisations through IBC to take a hit of up to 40% in FY21: Icra
Covid-19 outbreak, suspension of new proceedings under IBC has sharply slowed down resolution process causing realisation for financial creditors to decline
 "Realisations through IBC to take a hit of up to 40% in FY21: Icra")
More women in boardrooms mean better climate change policy, study says
Firms, including electric utilities and oil producers with 30% or more of director roles filled by women, typically score better on environmental disclosures.
 "More women in boardrooms mean better climate change policy, study says")
GST collections up Rs 1 trn for second month straight, aided by festivals
November collections were 1.42 per cent higher than the same month of the previous year
 "GST collections up Rs 1 trn for second month straight, aided by festivals")
Commercial real estate in NCR may report growth in Oct-Dec on better demand
The commercial real estate sector of the National Capital Region is likely report growth in the current quarter (October-December) on the back of improved demand, said a report by 360 Realtors
 "Commercial real estate in NCR may report growth in Oct-Dec on better demand")
India's manufacturing PMI loses steam slips to three-month low in November
The companies indicated that sales growth was underpinned by resilient demand, though curbed by the Covid-19 pandemic
 "India's manufacturing PMI loses steam slips to three-month low in November")
India's factory activity falters in November as Covid-19 fears persist: PMI
Asia's third-largest economy and the second most affected country by the pandemic contracted 7.5% in the July-September quarter
 "India's factory activity falters in November as Covid-19 fears persist: PMI")
Delayed payments to rejection: MGNREGS workers spend money to collect wages
Nearly 13% of surveyed workers reported rejected payments and most were unaware of the reason for rejection
 "Delayed payments to rejection: MGNREGS workers spend money to collect wages")
As China halts imports, India's craft beer craze may rescue Aussie barley
With India's population growing by 15 million per year, the industry will need to make an additional 2 million hectoliters between 2019-24 -- or 80 Olympic swimming pools worth, Bloomberg Intelligence
 "As China halts imports, India's craft beer craze may rescue Aussie barley")
Goldilocks year awaits emerging markets defying Covid-19 pandemic rout
Underpinning the recovery is a resurgence in foreign-investor interest
 "Goldilocks year awaits emerging markets defying Covid-19 pandemic rout")
FinMin proposes DFI tag for IIFCL to support long term financial needs
IIFCL is a government-owned entity, which is registered as a non-deposit accepting loan company with the Reserve Bank of India.
 "FinMin proposes DFI tag for IIFCL to support long term financial needs")