Page 1914 - Economy & Policy News
Corona impact: Poultry farmers bleed as prices plunge below production cost
Many small and unorganised players have been forced to close down and explore other means of livelihood
 "Corona impact: Poultry farmers bleed as prices plunge below production cost")
Coronavirus impact: Govt plans to set up Rs 600-crore fund for DSA
A high-level committee headed by Eswara Reddy, joint drug controller general, was formed after the novel coronavirus (Covid-19) outbreak in China to study the situation in India
 "Coronavirus impact: Govt plans to set up Rs 600-crore fund for DSA")
Revenue secretary Ajay Bhushan Pandey named new finance secretary
An IAS officer of Maharashtra cadre with over 35 years of experience in state and Central governments, Pandey is taking over at a time when the economic growth has been on a downward trajectory
 "Revenue secretary Ajay Bhushan Pandey named new finance secretary")
India's sugar mills likely to achieve over 80% of its export quota
The government had allocated 6 million tonnes of sugar quota among 530 mills spread across in the country, depending on their crushing capacity and records
 "India's sugar mills likely to achieve over 80% of its export quota")
Par panel recommends creation of market intelligence cell for MSMEs
The panel also proposed multiple registrations with several government agencies for various purposes should be done away with for MSMEs
 "Par panel recommends creation of market intelligence cell for MSMEs")
Pharma group seeks relaxation of export restrictions for committed orders
Bhaskar explained that some of the orders for institutional supplies mandate the supply of all items committed in their contracts.
 "Pharma group seeks relaxation of export restrictions for committed orders")
Delhi High Court asks builders to deposit 50% of profiteered amount
The court also ordered that the deposit be kept in interest bearing fixed deposit receipts
 "Delhi High Court asks builders to deposit 50% of profiteered amount")
New technology adds zing to Indian Railways; zinc-coated rails to be used
According to a source close to the development, the railway requirement will be about 1,000 track kilometre or approximately 120,000 tonnes of zinc every year
 "New technology adds zing to Indian Railways; zinc-coated rails to be used")
Govt to retain management control in LIC after listing: FM Sitharaman
The IPO, she said, would be brought out after necessary legislative changes and regulatory approvals
 "Govt to retain management control in LIC after listing: FM Sitharaman")
Govt has collected Rs 7.52 trillion direct tax in Apr-Jan: Anurag Thakur
The Revised Estimate (RE) has pegged the target for collection of direct taxes for the current fiscal, which ends on March 31, at Rs 11.70 trillion
 "Govt has collected Rs 7.52 trillion direct tax in Apr-Jan: Anurag Thakur")
Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget
Besides loan waivers, the state government had doled out a number of subsidy schemes last year. The bonus to farmers, reducing the electricity bill to half were a few
 "Chhattisgarh's subsidy burden up by 41%, CM presents Rs 95,650 cr budget")
Revenue secretary Ajay Bhushan Pandey appointed finance secretary
The vacancy was necessitated following the superannuation of Rajiv Kumar, financial services secretary, last month
 "Revenue secretary Ajay Bhushan Pandey appointed finance secretary")
UP policy for failing industries aims to improve ease of doing business
In the domestic 'ease of doing business' tally, UP is currently ranked 12th with a score of 92.89%
 "UP policy for failing industries aims to improve ease of doing business")
OPEC to try to stem global oil price plunge amid Coronavirus slowdown
Prices were already under pressure at that point from abundant reserves and weak global growth
 "OPEC to try to stem global oil price plunge amid Coronavirus slowdown")
Tamil Nadu's new Rs 2,857 cr health programme aims to meet global norms
Scheme aims to improve quality of care, strengthen management of non-communicable diseases and injuries, and reduce inequities in reproductive and child health services
 "Tamil Nadu's new Rs 2,857 cr health programme aims to meet global norms")
Coronavirus: Govt restricts exports of 26 active pharma drugs, formulations
India on Monday reported two new cases of the novel coronavirus, including one from the national capital. The outbreak has killed more than 3,000 people globally
 "Coronavirus: Govt restricts exports of 26 active pharma drugs, formulations")
Bitcoin a currency or commodity? Regulators grapple with classification
The debate may appear abstract, with little bearing on the hard-boiled world of finance, but it is attracting increasing interest from economists and lawyers
 "Bitcoin a currency or commodity? Regulators grapple with classification")
Fake invoicing racket worth Rs 7,896 cr busted; accused use 23 shell firms
This was done by a network of 23 shell companies. Two people were arrested for the same on February 29
 "Fake invoicing racket worth Rs 7,896 cr busted; accused use 23 shell firms")
India's electricity supply rises 7.1% in February on strong demand
Higher electricity supply could mean a rise in power demand, as electricity deficit in India is marginal. Electricity demand is seen by economists as an important indicator of industrial output
 "India's electricity supply rises 7.1% in February on strong demand")
Vivaad Se Vishwas scheme to help save time, money in fighting disputes: FM
As many as 4.83 lakh direct tax cases worth Rs 9.32 lakh crore are locked up in various appellate forums such as Commissioner (Appeals), ITAT, High Courts, Supreme Court and Debt Recovery Tribunals
 "Vivaad Se Vishwas scheme to help save time, money in fighting disputes: FM")