Page 1602 - Economy & Policy News
In a first in 5 yrs, BMS rejects call by other unions for nationwide strike
In a rare instance of a prominent central trade union breaking ranks with other labour unions, the BMS had decided not to take part in an industrial strike which was held on September 2, 2015.
 "In a first in 5 yrs, BMS rejects call by other unions for nationwide strike")
Banks fear HTM hit, investment limits with repayment under TLTRO
The central bank had originally announced the on-tap TLTRO aggregating Rs 1 trillion in the monetary policy on October 9.
 "Banks fear HTM hit, investment limits with repayment under TLTRO")
Delhi is India's fastest-growing hotspot for luxury homes, shows report
Auckland in the Australasia region topped the global index with 12.9 per cent price appreciation in the July-September quarter, compared to the same period last year
 "Delhi is India's fastest-growing hotspot for luxury homes, shows report")
Bengal, Telangana, Odisha and Andhra worst affected by rising inflation
Price rise in rural areas leads to four states recording inflation in double digits
 "Bengal, Telangana, Odisha and Andhra worst affected by rising inflation")
Over 4 mn subscribers enrolled under Atal Pension Yojana so far this fiscal
With the new additions, the total enrolments under the APY have crossed 2.63 crore, said the Pension Fund Regulatory and Development Authority (PFRDA) in the release
 "Over 4 mn subscribers enrolled under Atal Pension Yojana so far this fiscal")
Current account surplus can't be celebrated: Former FM Chidambaram
Given that India is a developing country in need of capital, a current account surplus cannot be celebrated.
 "Current account surplus can't be celebrated: Former FM Chidambaram")
Atmanirbhar 3.0: Cabinet to consider equity infusion of Rs 6k cr into NIIF
According to sources, the fund infusion would be made into the infra debt fund and infra finance company floated by the quasi-sovereign wealth fund
 "Atmanirbhar 3.0: Cabinet to consider equity infusion of Rs 6k cr into NIIF")
Banks' collection efficiency may not sustain, says rating agency S&P
The unsuccessful auto-debit requests through the NACH platform is generally referred to as bounce rates.
 "Banks' collection efficiency may not sustain, says rating agency S&P")
First time in 3 years, sugar mills sign export deals without govt sweetener
India is the world's biggest consumer of sugar, but as the second biggest producer, produces more than required.
 "First time in 3 years, sugar mills sign export deals without govt sweetener")
Pent-up demand behind improved economic activity, may not sustain: Icra
The pick up in economic activity in October is the result of pent-up demand and may not sustain going ahead, domestic ratings agency Icra said on Tuesday.
 "Pent-up demand behind improved economic activity, may not sustain: Icra")
70,000 Indian exporters set for Black Friday, Cyber Monday sale on Amazon
Amazon's Global Selling Programme is expected to generate $10 billion in cumulative export sales by 2025 for Indian exporters enrolled in this programme
 "70,000 Indian exporters set for Black Friday, Cyber Monday sale on Amazon")
Middle-aged, older people to drive future consumption in India: BCG
Despite the Covid-19 pandemic, consumption will continue to grow at a steady pace, the consultancy says, tripling in size in 10 years
 "Middle-aged, older people to drive future consumption in India: BCG")
New national retail policy: Licence rationalisation among five focus areas
The five areas that would be addressed in the policy are ease of doing business, rationalisation of the licence process, digitisation of retail, focus on reforms and open network for digital commerce
 "New national retail policy: Licence rationalisation among five focus areas")
India, Myanmar discusses ways to boost bilateral trade to utilise potential
India and Myanmar on Tuesday discussed ways to boost bilateral trade as the current level of two-way commerce is not reflective of the true potential.
 "India, Myanmar discusses ways to boost bilateral trade to utilise potential")
Maharashtra govt brings out uniform development control rules
The new norm is likely to bring uniformity in width of roads, size of rooms, etc. Height of buildings would, however, vary depending on the plot size and its FSI potential
 "Maharashtra govt brings out uniform development control rules")
Finance Secy, CBIC head discuss measures to check GST evasion, revenue leak
The meeting discussed the need for coordinated action to check revenue leakage
 "Finance Secy, CBIC head discuss measures to check GST evasion, revenue leak")
Bad loans in Indian banking sector to rise in next 12-18 months: S&P
According to S&P, the banking system's credit costs will remain elevated at 2.2-2.9 per cent this year and next.
 "Bad loans in Indian banking sector to rise in next 12-18 months: S&P")
Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra
Though growth is still lower than Q3 CY2018 levels by 14%, it is significant considering the deep demand contraction of 40% in H1CY20, the rating agency says
 "Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra")
India sees consecutive year-on-year decline in coal funding: Report
The report finds a 126 per cent drop in funding from the commercial banks to coal compared to 2018
 "India sees consecutive year-on-year decline in coal funding: Report")
35% of work under scheme meant for migrant workers went to MGNREGA
The tentative data sourced from the GKRA website shows that since June, around 1.10 million works have been completed under the campaign.
 "35% of work under scheme meant for migrant workers went to MGNREGA")