Page 1747 - Economy & Policy News
Govt trying to attract FDI in infrastructure sector: Nitin Gadkari
The Central government is making efforts to attract FDI in the infrastructure sector, Union Minister Nitin Gadkari said
Railways staring at Rs 35,000-40,000 crore drop in earnings this fiscal
The railways has inched ahead of 2019's freight loading by managing to load 3.13 MT of goods on July 27 as compared to 3.12 MT on the same date last year
 "Railways staring at Rs 35,000-40,000 crore drop in earnings this fiscal")
Job seekers confident about career progression as economy reboots: Survey
The LinkedIn Workforce Confidence Index showed a modest increase in India's overall workforce confidence, with a composite score of (+) 50, up from (+) 48 in June 1-14.
 "Job seekers confident about career progression as economy reboots: Survey")
Indian Railways logs higher freight loading in a first for FY21
The national transporter handled 3.13 million tonnes (mt) freight on July 27, up 0.3 per cent compared to 3.12 mt on the same day last financial year.
 "Indian Railways logs higher freight loading in a first for FY21")
Three months on, locusts remain a threat as FAO warns of fresh swarms
WMO finds direct correlation between increased locusts attack and climate change
 "Three months on, locusts remain a threat as FAO warns of fresh swarms")
Milk co-ops approach Centre for export sops to clear massive inventories
They say they may be forced to cut down on milk procurement price during the coming flush season starting in the next few months, if the support is not available
 "Milk co-ops approach Centre for export sops to clear massive inventories")
Recovery signs are visible, remove uncertainties over mini lockdowns: CII
Industry body wants containment zones limited to micro areas for seamless functioning of supply chains across state and district boundaries
 "Recovery signs are visible, remove uncertainties over mini lockdowns: CII")
Lack of R&D, funding, and vision holding back Indian leather makers
The third of a 5-part series analyses the reasons behind the shrinking foothold of the sector
 "Lack of R&D, funding, and vision holding back Indian leather makers")
Insurance may get 'strategic sector' tag under new privatisation policy
Other sectors that could get the 'strategic' tag are railways, oil and gas, defence, space and atomic energy
 "Insurance may get 'strategic sector' tag under new privatisation policy")
Disconnect between financial markets and real sector growing: RBI report
Report says despite broad stability in financial markets, pandemic could amplify financial vulnerabilities, including corporate and household debt burden in the case of severe economic contraction
 "Disconnect between financial markets and real sector growing: RBI report")
India economic revival worst in Asia; GDP growth to lose pace in Q3: Report
Oxford Economics,in a report titled 'India: A reopening gone wrong', said the central government's attempts to restart the economy are already running aground
 "India economic revival worst in Asia; GDP growth to lose pace in Q3: Report")
Govt taking steps to attract FDI in infra to address cash crunch: Gadkari
The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.
 "Govt taking steps to attract FDI in infra to address cash crunch: Gadkari")
Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra
Icra stated that in the initial phase of the lockdown, dispatches were affected due to the shortage of labour and shutdown of a few fertiliser plants located in the integrated chemical complexes
 "Fertiliser firms to post healthy FY21 profits on robust Q1 off-takes: Icra")
Covid-19 effect: Upcoming road projects may shift to PPP on weak govt funds
The company, which launched the country's first public infrastructure investment trust (InvIT) in 2017, launched its second Rs 4,400-crore private InvIT
 "Covid-19 effect: Upcoming road projects may shift to PPP on weak govt funds")
Top headlines: Mumbai airport scam, Mittal on AGR dues and more
Here are the top headlines of the day
 "Top headlines: Mumbai airport scam, Mittal on AGR dues and more")
Economy may witness more pain as workers return and remittances fall
Getting back to their jobs abroad is uncertain for most workers now. This is particularly true for the Gulf region, from where over 60 per cent of India's remittances flow in
 "Economy may witness more pain as workers return and remittances fall")
Housing sales dip 79% across top 8 cities in Apr-Jun over Covid-19 lockdown
According to the data, housing sales declined maximum 86 per cent 1,099 units in Hyderabad during April-June 2020, as against 8,122 units in the year-ago period
 "Housing sales dip 79% across top 8 cities in Apr-Jun over Covid-19 lockdown")
Plea against Insolvency code ordinance; Delhi HC seeks Centre stand
Delhi High Court sought the Centre's reply on a plea challenging the IBC Ordinance which suspended proceedings against defaults arising on or after March 25 for six months in view of pandemic
 "Plea against Insolvency code ordinance; Delhi HC seeks Centre stand")
Govt plans tough rules to restrict use of Chinese telecom equipment
Telecom gear makers have to share source codes and get equipment tested by third-party labs accredited to the government.
 "Govt plans tough rules to restrict use of Chinese telecom equipment")
As Chinese brands suffer, Samsung powers up smartphone biz in India
Gains 10% share as disruption hits Chinese smartphone majors
 "As Chinese brands suffer, Samsung powers up smartphone biz in India")