Page 1618 - Economy & Policy News
Will ask govt to make employers' contribution tax-free in Budget: PFRDA
Pension fund regulator PFRDA will propose to the government to make employers' contribution of 14% under NPS tax free for all categories of subscribers in the next Budget
 "Will ask govt to make employers' contribution tax-free in Budget: PFRDA")
Labour Min gives 45 days for feedback on Social security code draft rules
Ministry notified draft rules on November 13, inviting objections and suggestions from stakeholders
 "Labour Min gives 45 days for feedback on Social security code draft rules")
India rate cuts bets fall as recovery gains hold, inflation stays high
With inflation above 7% in Oct for a second straight month, well above RBI's medium term target of 4%, views that India is near the end of the current rate cutting cycle have become more pronounced
 "India rate cuts bets fall as recovery gains hold, inflation stays high")
Mining reforms in a month; auction of 500 blocks in 2-3 yrs: Pralhad Joshi
The Centre is planning to come out with the proposed mining reforms in a month or so and the auction of mineral blocks will kickstart two to three months after the amendments take place
 "Mining reforms in a month; auction of 500 blocks in 2-3 yrs: Pralhad Joshi")
Cabinet nod likely on Coastal Shipping Bill in Dec: Mansukh Mandaviya
A Bill to boost cargo movement along the country's 7,500-km coastline is likely to get the Cabinet nod in December, Union Minister Mansukh Mandaviya said
 "Cabinet nod likely on Coastal Shipping Bill in Dec: Mansukh Mandaviya")
Broadband definition needs change, must be upgraded to 2 Mbps: BIF to Trai
BIF has said a revision of broadband definition and speeds in India are long overdue and that it should be reviewed and upgraded to 2 Mbps from current 512 kbps which is "dismally low".
 "Broadband definition needs change, must be upgraded to 2 Mbps: BIF to Trai")
Indian economy may be recovering faster than anticipated: Oxford Economics
The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics
 "Indian economy may be recovering faster than anticipated: Oxford Economics")
Govt pushes for dispute resolution panel to resolve oil, gas wrangles
The government is pushing for contractual wrangles being sent to an expert committee for time-bound resolution but the move has found few takers due to inherent conflict of interest in such a process
 "Govt pushes for dispute resolution panel to resolve oil, gas wrangles")
Germany plans 22 bn euros in Covid aid for companies in first half of 2021
Germany plans to borrow more than 300 billion euros in total this year and next
 "Germany plans 22 bn euros in Covid aid for companies in first half of 2021")
India's refinery throughput recovers in Sep, LNG imports rising: Ind-Ra
The ratings agency's October 2020 credit digest edition highlighted an increase in LNG imports
 "India's refinery throughput recovers in Sep, LNG imports rising: Ind-Ra")
Bengal FM writes to Nirmala Sitharaman to seek GST Council meeting
West Bengal FM Amit Mitra is seeking a meeting of the GST Council for discussions on Centre's borrowings to meet the collection shortfall
 "Bengal FM writes to Nirmala Sitharaman to seek GST Council meeting")
With technical recession over, is it all well for Indian economy? Not quite
The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay
 "With technical recession over, is it all well for Indian economy? Not quite")
With technical recession over, is it all well for Indian economy? Not quite
The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay
Jewellers see Dhanteras sales jumping 33% over last year on low gold price
Fall in the price of gold the past one week and from the August's peak has sparked expectations of a better show
 "Jewellers see Dhanteras sales jumping 33% over last year on low gold price")
West Bengal partially agrees to Centre's GST compensation proposal
In a letter to the Union Finance Minister, Nirmala Sitharaman, West Bengal Finance Minister, Amit Mitra, has suggested that a GST Council meeting may be convened to discuss the borrowing of the remain
 "West Bengal partially agrees to Centre's GST compensation proposal")
India's fuel demand posts its first yearly increase since February
Diesel demand soared 7.4 per cent year-on-year to 6.5 million tonnes while petrol sales were up 4.5 per cent at 2.54 million tonnes.
 "India's fuel demand posts its first yearly increase since February")
Fundraising by fintechs took a hit due to Covid-19 pandemic, lockdown
According to the RBI, banks, which earlier viewed fintechs as disruptive forces, are looking at them as enablers in banking and finance
 "Fundraising by fintechs took a hit due to Covid-19 pandemic, lockdown")
September recovery proves short-lived as exports fall 5% in Oct
Covid-induced lockdowns in advanced nations hit exports, trade deficit at nine-month high
 "September recovery proves short-lived as exports fall 5% in Oct")
Longer-tenure deals for highway maintenance to woo foreign players
Govt identifies 70,000 km of roads that will be offered to private companies
 "Longer-tenure deals for highway maintenance to woo foreign players")
ITC, Emami see uptick in discretionary consumer spend in September quarter
Four months since unlock began, demand for essentials remains robust but the frenzy is dying down
 "ITC, Emami see uptick in discretionary consumer spend in September quarter")