Page 1662 - Economy & Policy News
Specialty chemical sector has huge growth potential: Sadananda Gowda
The minister said it is a good time to invest in India when the government is focussing on self-sufficiency in domestic production
 "Specialty chemical sector has huge growth potential: Sadananda Gowda")
E-commerce firms to create 300,000 jobs this festive season: RedSeer
E-commerce companies see a large chunk of their business coming in during the festive sales
 "E-commerce firms to create 300,000 jobs this festive season: RedSeer")
Credit demand from priority sectors drops to 1.9% in June quarter: Report
Despite many efforts by government to boost credit supply by offering many a scheme to MSMEs and other priority sectors, the same has plunged to a low 1.9% in the June quarter from 10.2% a year ago
 "Credit demand from priority sectors drops to 1.9% in June quarter: Report")
Delhi Jal Board issues notices to Centre over Rs 6,811 cr pending bills
Chadha said the Covid-19 pandemic has hit the economy hard and governments across the country were facing financial challenges.
 "Delhi Jal Board issues notices to Centre over Rs 6,811 cr pending bills")
India among worst-performing economies; stimulus lacking: Abhijit Banerjee
He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal
 "India among worst-performing economies; stimulus lacking: Abhijit Banerjee")
Combined market borrowings of 27 state govts, 2 UTs rise 57% in H1FY21
During April-September 2019 (H1FY20), states had raised Rs 2.25 trillion
 "Combined market borrowings of 27 state govts, 2 UTs rise 57% in H1FY21")
India's external storage mkt sees 37% decline in growth on Covid woes: IDC
The majority of the y-o-y decline is due to the impact of Covid-19 resulting in delayed demand for storage across organisations during the quarter, IDC said in a statement
 "India's external storage mkt sees 37% decline in growth on Covid woes: IDC")
Over 16,400 tonnes paddy procured at MSP from Punjab, Haryana: Govt
Centre on Tuesday said 16,420 tonnes of paddy worth Rs 31 crore has been procured at MSP in the last 72 hours from farmers in Punjab and Haryana, while procurement has just commenced in other states
 "Over 16,400 tonnes paddy procured at MSP from Punjab, Haryana: Govt")
Yogi Adityanath govt moots policy to promote SC/ST entrepreneurs
The dalit community constitutes more than 20% of UP population
 "Yogi Adityanath govt moots policy to promote SC/ST entrepreneurs")
Concerns over pace of economic recovery deepen as Covid-19 surges: Report
According to various estimates, India's coronavirus-battered economy will witness significant contraction during the current financial year
India Ratings maintains negative outlook on base metals sector for H2 FY21
Agency says business disruptions led by Covid-19 likely to persist over next 6-9 months; realisations likely to remain volatile over H2 of FY21
 "India Ratings maintains negative outlook on base metals sector for H2 FY21")
Postponement of MPC meeting sows doubts about the RBI's credibility
The RBI was forecast to keep its benchmark rate unchanged at 4% this week, reflecting the persistence of inflation above its 2% to 6% target
 "Postponement of MPC meeting sows doubts about the RBI's credibility")
Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports
India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said
 "Govt opens dumping probe on Malaysia, Vietnam, Thai copper tube imports")
PM to inaugurate 6 mega projects in Uttarakhand under Namami Gange today
Prime Minister Narendra Modi will inaugurate six mega projects in Uttarakhand under the Namami Gange Mission through video conference
 "PM to inaugurate 6 mega projects in Uttarakhand under Namami Gange today")
Odisha power consumption reaches pre-coronavirus 19 levels: Naveen Patnaik
Odisha Chief Minister Naveen Patnaik said that the electricity consumption has reached pre-COVID levels in the state which indicates that industrial and other business activities are picking up
 "Odisha power consumption reaches pre-coronavirus 19 levels: Naveen Patnaik")
New defence acquisition policy to come into force from October 1
The new policy introduces a significant new procurement category called "Buy (Global-Manufacture in India)."
 "New defence acquisition policy to come into force from October 1")
Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal
As of now, the last date to submit EoIs is September 30, and hence, RFP is expected to be ready by October 15.
 "Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal")
Location data, goods moved: More weekly indicators on economy turn positive
Power generation numbers and Delhi emissions, too show economy may be turning the corner
 "Location data, goods moved: More weekly indicators on economy turn positive")
NHAI cancels fourth TOT bundle; invites bids for fifth set of projects
The govt had to earlier cancel the second package of TOT because of tepid response while the third package ran into funding troubles for the Singapore-based operator Cube Highways
 "NHAI cancels fourth TOT bundle; invites bids for fifth set of projects")
Performance of MPC 1.0 between 2016 and now explained in three charts
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators