Page 1708 - Economy & Policy News
Unlock BFSI 2.0: Markets not running ahead of economy, say MF experts
With interest rates low and not much happening in the real estate sector, more and more people were investing in equities directly, the experts said
 "Unlock BFSI 2.0: Markets not running ahead of economy, say MF experts")
RBI at end of rate cut cycle, govt must play role for revival: Economists
RBI is at the end of its rate cut cycle as inflation is unlikely to decline materially from the current level, and onus of economic recovery has now shifted to the government, economists at SBI said
 "RBI at end of rate cut cycle, govt must play role for revival: Economists")
Apart from benefit hike, recent ESIC move to make jobless claims easier too
Relief would be given after 30 days of unemployment as against 90 days at present; no burden on exchequer as ESIC has surplus funds
 "Apart from benefit hike, recent ESIC move to make jobless claims easier too")
Conclusion of US-India trade talks to be phase 1 of deal: Ambassador Sandhu
Bilateral trade between India and the US, which touched $150 billion last year, has dropped 25 per cent in the first half of this year
 "Conclusion of US-India trade talks to be phase 1 of deal: Ambassador Sandhu")
Ease of doing biz: Govt proposes unified compliance platform for India Inc
The Ministry of Corporate Affairs has started discussions with RBI, Sebi, and DPIIT
 "Ease of doing biz: Govt proposes unified compliance platform for India Inc")
ESIC members who lost their jobs amid Covid can claim 50% of average wage
At present, the benefit amounts to around 25 per cent of average wages
 "ESIC members who lost their jobs amid Covid can claim 50% of average wage")
A tap for every home: India adds 20 mn water connections in a single year
The challenge is bigger in some states, especially Uttar Pradesh, West Bengal, Assam, where less than 5 per cent population has access to tap water
 "A tap for every home: India adds 20 mn water connections in a single year")
BMC's Rs 33,441-crore annual budget gets approved at virtual meeting
After a gap of almost five months, the Brihanmumbai Municipal Corporation's (BMC) annual budget of Rs 33,441 crore finally got approval
 "BMC's Rs 33,441-crore annual budget gets approved at virtual meeting")
Trai seeks answers to increase broadband connectivity, ramp up speeds
A consultation paper by Trai follows a request from the Department of Telecommunications (DoT) with the aim to promote broadband connectivity in the country
 "Trai seeks answers to increase broadband connectivity, ramp up speeds")
Ambassador Sandhu makes a strong case for conclusion of Indo-US trade talks
Indian Ambassador to the US Taranjit Singh Sandhu on Thursday made a strong case for conclusion of the ongoing trade negotiations
 "Ambassador Sandhu makes a strong case for conclusion of Indo-US trade talks")
One Sun, One World, One Grid: What it is, why it's needed, what will it do?
Policy experts describe it as part of India's answer to China's 'One Belt One Road' project
 "One Sun, One World, One Grid: What it is, why it's needed, what will it do?")
Oilseed extractors want GM crop for reducing dependence on imports
India at present imports over 13 million tonnes of edible oils annually and this largely comprises crude palm oil and soybean oil.
 "Oilseed extractors want GM crop for reducing dependence on imports")
Red signals on green norms: Controversy over draft EIA notification
The controversy over the draft rules for environment clearances has created more heat than light
 "Red signals on green norms: Controversy over draft EIA notification")
Extreme economic uncertainty but worst could be over, says outgoing MPC
Even when it improves, the expectation is one of slow, hesitant recovery, with the situation likely to worsen before it gets better
 "Extreme economic uncertainty but worst could be over, says outgoing MPC")
Despite Covid, freight loading for Aug so far better than last year: Rlys
Railways said that on August 19, the freight loading was 3.11 million tonnes and the earning was Rs 306.1 crore, while on August 19, 2019, the freight loading was 2.97 MT and earning of Rs 300.82 cr
 "Despite Covid, freight loading for Aug so far better than last year: Rlys")
EPFO records 655,000 net new enrolments in June, up from 172,000 in May
The net new enrolments with the EPFO hover around 700,000 every month on an average
 "EPFO records 655,000 net new enrolments in June, up from 172,000 in May")
After hotels, banquet halls to be opened soon at half capacity: Tourism Min
Speaking at a webinar organised by the PHD Chamber of Commerce and Industry, the minister said the tourism sector has faced severe challenges due to the pandemic
 "After hotels, banquet halls to be opened soon at half capacity: Tourism Min")
Against national interest: Unions urge PM to withdraw draft EIA rules
Ten central trade unions on Thursday urged Prime Minister Narendra Modi to withdraw draft Environmental Impact Assessment (EIA) 2020 notification
 "Against national interest: Unions urge PM to withdraw draft EIA rules")
Build systems for space sector growth with private presence: Anand Mahindra
Says global space sector is expected to touch $3.3 trn by 2045, India's share is currently miniscule
 "Build systems for space sector growth with private presence: Anand Mahindra")
Parliament panel summons Facebook on Sept 2 as hate speech debate grows
A day before, representatives of ministries of communications and home have been called before the panel
 "Parliament panel summons Facebook on Sept 2 as hate speech debate grows")