Page 1734 - Economy & Policy News
India needs to rethink economy in post-Covid world: N Chandrasekaran
Listing out the challenges, he said infrastructure, regulation, bureaucratic overload of the private sector and investments are key areas
 "India needs to rethink economy in post-Covid world: N Chandrasekaran")
AIIB in talks with India for financing of $8-billion health infra scheme
The Beijing-based multilateral funding agency had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic
 "AIIB in talks with India for financing of $8-billion health infra scheme")
Review of India-ASEAN Goods Agreement to help realise trade potential: Puri
The ASEAN-India Trade in Goods Agreement was signed on August 13, 2009, and came into force on January 1, 2010
 "Review of India-ASEAN Goods Agreement to help realise trade potential: Puri")
India's fuel demand may take 6 to 9 months to reach normal levels: IOC
Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world
 "India's fuel demand may take 6 to 9 months to reach normal levels: IOC")
RBI's MPC begins deliberations on monetary policy, decisions on Aug 6
The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and lockdown
 "RBI's MPC begins deliberations on monetary policy, decisions on Aug 6")
July exports at nearly last year's level; economy on path to revival: Goyal
Goyal said several indicators are reflecting that the economic activities are reviving in the country
 "July exports at nearly last year's level; economy on path to revival: Goyal")
Gradual pick-up in export consignments prompts ports to push volumes
JNPT back to handling 12,000 containers per day; Essar Ports performing at pre-Covid levels; Adani Ports Q1FY21 throughput 27% down YoY
 "Gradual pick-up in export consignments prompts ports to push volumes")
With eye on China, India looks to increase barriers on imports from Asia
China is India's second-biggest trading partner, with trade worth $87 billion in the fiscal year ending March 2019
 "With eye on China, India looks to increase barriers on imports from Asia")
Shortest ruling 10-year benchmark bond ever: Changes within three months
Bond dealers say such quick benchmark setting can create some confusion in the markets on rate setting
 "Shortest ruling 10-year benchmark bond ever: Changes within three months")
Many weekly indicators turn positive as economy prepares for Unlock 3.0
The central government has suggested more opening up from first week of August
 "Many weekly indicators turn positive as economy prepares for Unlock 3.0")
Local demand to prop up crop protection SMEs: CRISIL SME Tracker
Exports, which account for 55 per cent of the pie, are likely to decline by 3 per cent due to lower demand from key importing nations such as the US, Brazil and France
 "Local demand to prop up crop protection SMEs: CRISIL SME Tracker")
Share of external financing of fiscal deficit soars to 4.5% in Q1: Report
The government has run 83 per cent of its borrowing target as of June, according to official numbers released on July 31, due to the impact of the pandemic that crippled the economy
 "Share of external financing of fiscal deficit soars to 4.5% in Q1: Report")
Restrictions on TV imports to help domestic industry build capacities: ICEA
The government on last Thursday imposed restrictions on TV imports, a move aimed at promoting domestic manufacturing and cut inbound shipments of non-essential items from countries like China
 "Restrictions on TV imports to help domestic industry build capacities: ICEA")
Economy picks up slightly but may still shrink from last year's level
Two key indicators--the rising number of e-way bills generated under GST, and a stronger SBI Composite Index point to a resurgence in economic activity
 "Economy picks up slightly but may still shrink from last year's level")
FDI in commercial mining from border sharing nations needs govt nod: India
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
 "FDI in commercial mining from border sharing nations needs govt nod: India")
Govt appoints 3 new members of Central Board of Indirect Taxes and Customs
The appointments committee of the cabinet has approved the appointment Jain, Johri, and Sharma as CBIC members
 "Govt appoints 3 new members of Central Board of Indirect Taxes and Customs")
SBI economists pitch for sector-specific loan recast after moratorium ends
They said the moratorium data is not "significantly perturbing" but hit out against the "spate of unplanned and unintelligent lockdown mania" in many pockets
 "SBI economists pitch for sector-specific loan recast after moratorium ends")
Margarine sale needs to be controlled due to health concerns: Gadkari to PM
Margarine has a negative impact on human health due to the presence of large amounts of trans fat in it. Its use has increased significantly in hotels and restaurants
 "Margarine sale needs to be controlled due to health concerns: Gadkari to PM")
Rising real lending rates causing steep fall in credit flows, GDP: Report
The brokerage had last month penciled in 5 to 7.5 per cent contraction in GDP this fiscal, saying each month of lockdown has shaved off 100 bps of the economy
 "Rising real lending rates causing steep fall in credit flows, GDP: Report")
Lata Mangeshkar, Amritanandamayi extend Raksha Bandhan greetings to PM Modi
In a video message on the micro-blogging website, Amritanandamayi wished may god bless Prime Minister Narendra Modi and give him the strength to take the right decision
 "Lata Mangeshkar, Amritanandamayi extend Raksha Bandhan greetings to PM Modi")