Page 1614 - Economy & Policy News
India's economy to return to normal faster than expected: Barclays
Barclays lifted its fiscal 2022 growth forecast for the Indian economy to 8.5% from an earlier projection of 7%
 "India's economy to return to normal faster than expected: Barclays")
Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019
India now has one of the smallest industrial sectors in Asia at 27.5%, with the exception of Pakistan, Nepal
 "Despite 'Make-in-India' push, industry share in GDP hit 20-year low in 2019")
India's economy may continue to face Covid-19 aftershocks till 2025: Report
HSBC Holdings Plc said India's potential growth could drop to 5% in the post-pandemic world from 6% on the eve of the outbreak and more than 7% before the global financial crisis
 "India's economy may continue to face Covid-19 aftershocks till 2025: Report")
Deeply concerned over steel price rise due to Covid-19: EEPC India
A recent sharp rise in steel prices has a "crippling impact" on the country's engineering exports which are facing the most challenging global markets in the face of another wave of Covid-19
 "Deeply concerned over steel price rise due to Covid-19: EEPC India")
Clix getting controlling stake after merger with LVB may have hurt deal
AION Capital-backed NBFC rues delays, missed opportunity in failed deal; sources say it was about to revise offer, but the Reserve Bank ran out of patience
 "Clix getting controlling stake after merger with LVB may have hurt deal")
Top headlines: Small savings cross Rs 1 tn, Volkswagen Beetle goes electric
From Indians pumping nearly Rs 1 trillion into small savings schemes to Beetle becoming India's first vintage car to go electric, Business Standard brings you the top headlines of the day
 "Top headlines: Small savings cross Rs 1 tn, Volkswagen Beetle goes electric")
Borrowing costs ease for NBFCs after RBI pumps more cash in credit market
India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects
 "Borrowing costs ease for NBFCs after RBI pumps more cash in credit market")
Delhi govt may introduce new tax reforms, enforcement measures: Sisodia
The study aims to help improve governance and public service delivery in Delhi while making tax compliance easy, Sisodia, who is also the finance minister
 "Delhi govt may introduce new tax reforms, enforcement measures: Sisodia")
India pulled out of RCEP as concerns not addressed: EAM S Jaishankar
India pulled out of the Regional Comprehensive Economic Partnership (RCEP) last year as joining it would have resulted in fairly negative consequences for the country's economy, Jaishankar said
 "India pulled out of RCEP as concerns not addressed: EAM S Jaishankar")
Defence equipment: To lease or not to lease, opinion divides govt
Some argue policy will tie the hands of defence ministry bureaucrats; others call it path-breaking
 "Defence equipment: To lease or not to lease, opinion divides govt")
East Coast Railway signs MoU to build 6 ROBs at a cost of Rs 436.87 crore
The Memorandum of Understanding, signed on Tuesday, is part of ECoRs commitment to ensuring safety of both passengers and rail users
 "East Coast Railway signs MoU to build 6 ROBs at a cost of Rs 436.87 crore")
Domestic air traffic up 34% month-on-month on festive season demand
AirAsia India saw an increase in market share and reported the best on- time performance (OTP) among all airlines in October
 "Domestic air traffic up 34% month-on-month on festive season demand")
India among a few major EMs with rising inflation in October, shows data
Among these nations, the rise in core inflation is the highest in India
 "India among a few major EMs with rising inflation in October, shows data")
Increase health spending to 2.5% of GDP, says 15th FC chairman N K Singh
Bats for a PPP model to address the deficit in health infrastructure
 "Increase health spending to 2.5% of GDP, says 15th FC chairman N K Singh")
Govt collects Rs 72K-cr under Vivad Se Vishwas direct tax resolution scheme
A total of 45,855 declarations have been filed under Form 1 as on November 17 and declarations amount to Rs 31,734 crore
 "Govt collects Rs 72K-cr under Vivad Se Vishwas direct tax resolution scheme")
The Trilateral Highway from India to Thailand that went on the slow lane
The highway's Imphal-Moreh portion on the Indian side, however, is expected to be completed only by 2023, more than two decades after it was conceptualised
 "The Trilateral Highway from India to Thailand that went on the slow lane")
Tata Motors-owned JLR ready with action plan to meet UK's green diktat
JLR, acquired by the Tatas in 2008, is the UK's largest automotive manufacturer, accounting for an estimated 30 per cent of all domestic car production in this country
 "Tata Motors-owned JLR ready with action plan to meet UK's green diktat")
45% MGNREGA workers make multiple bank visits to withdraw wages: Survey
The study estimated that the average cost incurred by a MGNREGA worker to visit post offices is the lowest at Rs 6, while a bank visit costs Rs 31, and Rs 67 for an ATM visit
 "45% MGNREGA workers make multiple bank visits to withdraw wages: Survey")
Domestic air passenger volume falls 57% to 5.2 million in October
Domestic air passenger volume fell 57.21 per cent to 52.71 lakh in October over the year ago period, as airlines continued to operate at a much lower capacity, the DGCA data showed on Wednesday.
 "Domestic air passenger volume falls 57% to 5.2 million in October")
FPIs stay bullish on Indian equities; pump $6.3 bn in Sept quarter
The month of August was one of the best with respect to foreign flows
 "FPIs stay bullish on Indian equities; pump $6.3 bn in Sept quarter")