Page 1615 - Economy & Policy News
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")
Will e-invoicing weed out fake invoices and bills even at the retail level?
The expert view is that it will be easier for the retail industry to dodge the system and evade taxes, than it will for the durables sector
 "Will e-invoicing weed out fake invoices and bills even at the retail level?")
APM Terminals Pipavav pares terminal handling charges for containers by 25%
Revised charges are effective for vessels sailing from November 16 to December 31 this year
 "APM Terminals Pipavav pares terminal handling charges for containers by 25%")
Telangana opts for Option 1 to meet GST shortfall, joins 22 other states
The Union Ministry of Finance informed that Telangana has opted for Option-1 suggested by the Ministry to meet the shortfall in revenue arising out of GST implementation
India's 10,000 farmers-collective plan may fail without funding reforms
Under new FPO guidelines, the government will provide financial support of up to Rs 18 lakh to new organisations for the first 3 years. But new FPOs need support for at least 5-7 years to stabilise
 "India's 10,000 farmers-collective plan may fail without funding reforms")
Top headlines: Goldman ups India GDP forecast, vaccine may come via govt
From claims of India directly purchasing vaccine from Moderna and distributing it here to PM Modi seeking funding, Business Standard brings you the top headlines of the day
 "Top headlines: Goldman ups India GDP forecast, vaccine may come via govt")
Odisha clears investment projects of Rs 4645 cr, provide jobs to 870 people
The government approved a Medium Density Fibreboard (MDF) manufacturing facility at Malipada in Khurdha district with an annual capacity of 72,000 cubic meters
 "Odisha clears investment projects of Rs 4645 cr, provide jobs to 870 people")
Special forum likely for foreign investors to ease contract woes
Law ministry in consultation with chief justices of high courts to designate one or more civil courts as special courts
 "Special forum likely for foreign investors to ease contract woes")
Work from anywhere an absolute necessity, says PM Narendra Modi
He urged global investors to invest in India's urbanisation, and committed a business-friendly climate to them
 "Work from anywhere an absolute necessity, says PM Narendra Modi")
Atmanirbhar Bharat to be force multiplier in post-Covid global economy: PM
Modi seeks BRICS support on reforms in UNSC and other international bodies; says nations supporting terrorists need to be sidelined
 "Atmanirbhar Bharat to be force multiplier in post-Covid global economy: PM")
RBI allows payment aggregators to maintain additional escrow account
The RBI said that in cases where an additional escrow account is being maintained, credit and debit from one escrow account to the other shall also be permitted.
 "RBI allows payment aggregators to maintain additional escrow account")
Goldman ups India GDP forecast on vaccine hopes, now sees 10.8% contraction
The US-based firm said developments on the vaccine front -- where two candidates have posted satisfactory progress -- will be very helpful in the recovery
 "Goldman ups India GDP forecast on vaccine hopes, now sees 10.8% contraction")
Telangana accepts Centre's borrowing option to meet GST shortfall
Telangana has accepted Centre's borrowing proposal to meet GST revenue shortfall and will get Rs 2,380 crore through the special window.
 "Telangana accepts Centre's borrowing option to meet GST shortfall")
Petroleum minister Pradhan asks domestic cos to tap global majors for tech
Says his ministry plans to set up a separate body for data management in the sector, along the lines of Mineral Exploration Corporation
 "Petroleum minister Pradhan asks domestic cos to tap global majors for tech")
Bottom line swells for tea firms on lower crop, higher at-home consumption
Industry says Q3 of FY21 also likely to be good; Moreover, there will be no dry period as North Indian gardens observe closure during winters
 "Bottom line swells for tea firms on lower crop, higher at-home consumption")
Task force on the anvil to revive leisure travel amid Covid-19 pandemic
Measures being planned to bring back consumers who have shied from tourism
Jaishankar speaking language of 70s by railing against FTAs: Chidambaram
'I must express my dismay over the speech by foreign minister... when he railed against trade agreements and praised the virtues of protectionism,' Chidambaram says
 "Jaishankar speaking language of 70s by railing against FTAs: Chidambaram")