Page 1646 - Economy & Policy News
Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman
More states likely to write to FM today; Jharkhand rejects Centre's proposal
 "Raise GST borrowing to Rs 1.83 trillion, Kerala CM writes to FM Sitharaman")
Statsguru: How India fares among Asian peers in key economic indicators
India's economic recovery would be sharper compared to Asian peers
 "Statsguru: How India fares among Asian peers in key economic indicators")
Govt move to notify GICs as fin services at IFSC to spur MNC investment
Govt move will boost job creation, give a leg-up to social infrastructure in and around Gift City
 "Govt move to notify GICs as fin services at IFSC to spur MNC investment")
Despite volume lag, drug firms hike price as domestic sales rebound
Motilal Oswal analysts also said that while price growth for non-NLEM products stood at 4.8 per cent YoY, NLEM products saw a price rise of 3.6 per cent
 "Despite volume lag, drug firms hike price as domestic sales rebound")
HC notice to revenue dept over faceless appeals, lists matter for Dec 15
Writ petition says right of virtual hearing is at the discretion of I-T officials, wants scheme declared discriminatory, arbitrary and illegal
 "HC notice to revenue dept over faceless appeals, lists matter for Dec 15")
Success of labour codes depend on implementation of rules, says expert
The Wage Code Bill, 2019, was passed by Parliament last year
 "Success of labour codes depend on implementation of rules, says expert")
Higher NPAs hinder transmission of monetary policy actions: RBI paper
The working paper titled ''Bank Capital and Monetary Policy Transmission in India'' said banks often face many structural and frictional issues which dampen the transmission of monetary policy
 "Higher NPAs hinder transmission of monetary policy actions: RBI paper")
Poor policy behind weak Covid-19 pandemic fight, says Gopalkrishna Gandhi
He as speaking in Hindi through video conferencing at a function organised to mark the 101st Foundation Day of Gujarat Vidyapith here on Sunday
 "Poor policy behind weak Covid-19 pandemic fight, says Gopalkrishna Gandhi")
Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data
That the efforts towards digitization have been very successful is clear from the steady fall in the share of paper clearing
 "Retail cheque payments down to a trickle in FY20 to 2.96%: RBI data")
Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct
The scheme is meant to provide financial support to businesses, primarily Micro, Small and Medium Enterprises (MSMEs), impacted by slowdown triggered by the coronavirus pandemic
 "Govt may not extend Rs 3 trn credit guarantee scheme for MSMEs beyond Oct")
Why Bihar's economic growth is picking up despite absence of big industries
Even as national GDP growth declined to 6.1% in 2018-19 and to 4.2% the next year, Bihar's GSDP growth rose to 9.3% and 10.5%, respectively
 "Why Bihar's economic growth is picking up despite absence of big industries")
Post lockdown, UP infused Rs 26,000 cr working capital to one million MSMEs
State seeks to benefit 2 million MSMEs, create eight million jobs in current fiscal
 "Post lockdown, UP infused Rs 26,000 cr working capital to one million MSMEs")
Thermal, coking coal imports in 12 ports dip 25% to 55 MT in Apr-Sep: IPA
Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA)
 "Thermal, coking coal imports in 12 ports dip 25% to 55 MT in Apr-Sep: IPA")
Domestic steel industry showing signs of recovery as demand picks: RINL CMD
Due to the bad market conditions developed post outbreak of the virus, steel makers were forced to cut down their operations by up to 50 per cent in April
 "Domestic steel industry showing signs of recovery as demand picks: RINL CMD")
Power consumption up 11.45% in October driven by industrial activity
The extrapolation of half-month data gives sufficient indication that power consumption may witness year-on-year double digit growth this month
 "Power consumption up 11.45% in October driven by industrial activity")
Is Bangladesh economy really doing better than India? Former CEA doesn't think so
On 'more appropriate' economic metric, Bangladesh has not surpassed India and is unlikely to do so in future, former chief economic adviser Arvind Subramanian said
 "Is Bangladesh economy really doing better than India? Former CEA doesn't think so")
Govt extends Home Secy Ajay Bhalla's tenure till Aug 2021
The central government extended Bhalla's tenure by nine months. He was due to retire on November 30
 "Govt extends Home Secy Ajay Bhalla's tenure till Aug 2021")
Indicators point to economic recovery, but recouping may be fragile: Report
After six months of severe stress, some high-frequency indicators point towards economic recovery but there are signs that this revival is fragile, Brickwork Ratings said
 "Indicators point to economic recovery, but recouping may be fragile: Report")
How Jharkhand's rich households corner power subsidies worth Rs 300 cr
Jharkhand's electricity consumers received a total subsidy worth Rs 1,250 crore ($170 million) during April 2018-March 2019 (or financial year 2018-19)
 "How Jharkhand's rich households corner power subsidies worth Rs 300 cr")
India won't be the next China if it can't even out-export Bangladesh
A bigger danger is that instead of taking corrective action, politicians may double down on past mistakes and seek salvation in autarky
 "India won't be the next China if it can't even out-export Bangladesh")