Page 1645 - Economy & Policy News
Centre, states relations worsen over farm bills, GST compensation
Invocation of tripartite agreement with Jharkhand strains ties further
 "Centre, states relations worsen over farm bills, GST compensation")
Govt may look at strategic sale of Hind Copper to meet disinvestment target
Govt also asks 8 PSUs to go for share buyback
 "Govt may look at strategic sale of Hind Copper to meet disinvestment target")
More tranches of govt equity under HAM soon in highway projects
Under the new proposal, firms will give bank guarantees every year against anticipated govt payment for that year
 "More tranches of govt equity under HAM soon in highway projects")
India must not neglect bank recap despite pandemic: Viral Acharya
Funds to provide for the losses that would be incurred through restructuring should be set aside so that banks do not strangle growth
 "India must not neglect bank recap despite pandemic: Viral Acharya")
Digital media FDI rules to help government keep tabs on Chinese apps
Security clearance to CEO, foreign personnel aimed at monitoring sector, said experts
 "Digital media FDI rules to help government keep tabs on Chinese apps")
Covid-19 accelerated innovations in transport business: Ola co-founder
Aggarwal said while the initial impact of the pandemic on the industry was hard, it also provided an opportunity for new business models to come up
 "Covid-19 accelerated innovations in transport business: Ola co-founder")
Govt has begun exercise to assess impact of pandemic on economy, says FM
Sitharaman further said the ministry would soon approach the Cabinet on demarcating the strategic and non-strategic sectors
 "Govt has begun exercise to assess impact of pandemic on economy, says FM")
India must redefine its manufacturing sector to boost growth: Mukesh Ambani
The comments from Asia's richest man come as Prime Minister Narendra Modi's government is trying to revive an economy poised for a historic annual contraction
 "India must redefine its manufacturing sector to boost growth: Mukesh Ambani")
FM holds 4th review meeting on capex of Central Public Sector Enterprises
While reviewing the performance of CPSEs, Sitharaman said CAPEX by CPSEs is a critical driver of economic growth and need to be scaled up for the FYs 2020-21 & 2021-22.
India likely to ease Air India offer, let suitors decide on taking debt
Current rules require bidders to take over the carrier's $3.3 billion of aircraft debt, deterring buyers
 "India likely to ease Air India offer, let suitors decide on taking debt")
Gadkari to lay foundation stone for Rs 694 cr logistics park in Assam
Gadkari will on Tuesday lay the foundation stone for India's first multi-modal logistics park in Assam to be constructed at an estimated cost of Rs 694 crore, an official statement said
 "Gadkari to lay foundation stone for Rs 694 cr logistics park in Assam")
BSE joins hands with Telangana govt to help MSMEs raise equity funds
The BSE and the commerce and industries department of Telangana, along with GlobalLinker, have signed a memorandum of understanding in this regard, the exchange said in a statement
 "BSE joins hands with Telangana govt to help MSMEs raise equity funds")
India's 5G rollout investment plan to cost govt Rs 1.3-2.3 trn: Report
The total capital expenditure or capex requirement when it comes to 5G rollout for Mumbai alone is seen at Rs 10,000 crore, and Rs 8,700 crore for Delhi
 "India's 5G rollout investment plan to cost govt Rs 1.3-2.3 trn: Report")
Exporters feel pinch as sea freight to US and Europe rises by 30-40%
The development comes at a time exports from India have started picking up and merchandise exports turned positive for the first time in the last seven months, growing 5.3 per cent
 "Exporters feel pinch as sea freight to US and Europe rises by 30-40%")
India mustn't neglect bank recapitalisation despite Covid-19: Viral Acharya
Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said
India needs to export 6 million tonne sugar as output rebounds: Trade body
The world's biggest consumer of the sweetener is likely to produce 31 million tonnes of sugar in the new season, nearly 13% more than a year ago
 "India needs to export 6 million tonne sugar as output rebounds: Trade body")
2.5-3 mn sq ft of warehousing space to come up in Bengal in 3 yrs: Report
In its report ''Looking East: Warehousing in Kolkata'', the US-based property consultant highlighted that Kolkata and adjoining areas currently have 17.2 million sq ft of organised warehousing space
 "2.5-3 mn sq ft of warehousing space to come up in Bengal in 3 yrs: Report")
Over half the farmers not in favour of recently passed farm laws: Survey
The survey showed that around 60 per cent of the farmers want the MSP system to be made a mandatory law in India
 "Over half the farmers not in favour of recently passed farm laws: Survey")
E-commerce majors leveraging technology to power biggest festival sales
Cutting-edge technology is helping Amazon and Flipkart mount their biggest festival sale events
 "E-commerce majors leveraging technology to power biggest festival sales")
Single-window clearance expected to start in April with 20 states on board
At least half a dozen foreign investors are said to be in talks with the government for this mechanism
 "Single-window clearance expected to start in April with 20 states on board")