Page 1696 - Economy & Policy News
Bureaucrat Kshatrapati Shivaji takes up India's top statistical post
But he has only been given additional charge, and govt has not appointed a full-time chief statistician yet
 "Bureaucrat Kshatrapati Shivaji takes up India's top statistical post")
Liquidation process can allow public auction of non-realisable assets: IBBI
Says if auction is not possible, the assignment--transferring the rights and obligation of an asset--may be done on arm's length basis by the liquidator
 "Liquidation process can allow public auction of non-realisable assets: IBBI")
New orders and execution likely to remain subdued in Q2, say analysts
Some pin hopes on the NIP even as awards for FY21 and year after look bleak
 "New orders and execution likely to remain subdued in Q2, say analysts")
Gita Gopinath confirms India's GDP most affected among G-20 countries
The IMF chief in a tweet showed India's internationally comparable quarter-on-quarter GDP shrank the most among G-20 countries at 25.6%
 "Gita Gopinath confirms India's GDP most affected among G-20 countries")
No corporate insolvency proceedings once debt converted into capital: NCLAT
The appellate tribunal also said that any investment cannot be "financial debt"
66% year-on-year spike in household demand for MGNREGA work in August
This, despite a 24% month-on-month drop, indicating scheme's continuing importance in providing livelihood to rural casual labourers during Covid-19 crisis
 "66% year-on-year spike in household demand for MGNREGA work in August")
Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'
Asserts that Centre must borrow to meet GST shortfall at this critical hour of Covid-19 pandemic, says states will reciprocate
 "Mamata asks PM to intervene in GST impasse, joins non-BJP CMs in 'protest'")
Industry divided on mineral auctioning; mines' development still a concern
The state exchequer is estimated to earn a total revenue of Rs 8 trillion from the auctioned mineral blocks over the lease period, including an estimated contribution of Rs 6 trillion through auction
 "Industry divided on mineral auctioning; mines' development still a concern")
ACC approves appointment of V K Yadav as Railway Board's first ever CEO
The Cabinet had earlier approved the restructuring of the Railway Board, whose strength has been cut from eight to five, as part of large scale reforms initiated by the national transporter
 "ACC approves appointment of V K Yadav as Railway Board's first ever CEO")
Urgent need to revise 'out of line' spectrum pricing practices: BIF
The Broadband India Forum (BIF) has pitched for reviewing the spectrum auction rules for reserve prices, saying the current framework is "out-of-line" with international norms.
 "Urgent need to revise 'out of line' spectrum pricing practices: BIF")
India attends BIMSTEC meet to discuss deepening cooperation among members
The Indian delegation at the virtual meeting of the grouping was headed by Secretary (East) in Ministry of External Affairs Vijay Thakur Singh
 "India attends BIMSTEC meet to discuss deepening cooperation among members")
IT dept launches functionality for banks to check refund filing status
The Income Tax department on Wednesday said it has launched a functionality for scheduled commercial banks to check status of income tax returns filed by entities based on their PAN
 "IT dept launches functionality for banks to check refund filing status")
Why a bullion exchange can be a game changer for India's gold economy
The move is seen as a game changer for India's bullion industry, and is expected to put India in a position to set its own price of gold
 "Why a bullion exchange can be a game changer for India's gold economy")
IT refunds worth Rs 98,265 cr issued to 2.62 mn taxpayers in 5 months
This include personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 2.45 million taxpayers
 "IT refunds worth Rs 98,265 cr issued to 2.62 mn taxpayers in 5 months")
Fintech deals double to $1.17 bn during Jan-Jun despite slowdown: Report
The first quarter of 2020 saw fund inflows jumping fivefold and the same in the second quarter added 50 per cent more
 "Fintech deals double to $1.17 bn during Jan-Jun despite slowdown: Report")
India mulling anti-dumping duty on acrylic fibre from EU, Peru, others
The domestic industry has suffered material injury due to dumping of the product by these nations, according to a notification of DGTR
 "India mulling anti-dumping duty on acrylic fibre from EU, Peru, others")
Electricity demand improves to 98% of pre-Covid-19 level in August: ICRA
The electricity demand recovery on an all-India level has largely been led by northern and eastern states with a year-on-year (y-o-y) increase of 6-13 per cent in demand in July 2020, it said
 "Electricity demand improves to 98% of pre-Covid-19 level in August: ICRA")
Government allows airlines to increase capacity upto 60% of total capacity
Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic
 "Government allows airlines to increase capacity upto 60% of total capacity")
Non-US destination look to lure more Indian students with easier visa norms
Canada, Ireland emerge as new education hotspots as Australia and UK get their act together
 "Non-US destination look to lure more Indian students with easier visa norms")
UP is the new Kerala in terms of remittances from Indians in the Gulf
The northern state houses 21 of the top-50 districts from where most low-skilled Indians go overseas for employment, followed by Bihar with seven; Kerala has only one
 "UP is the new Kerala in terms of remittances from Indians in the Gulf")