Page 1939 - Economy & Policy News
Power Minister R K Singh points finger at lobby against PSU privatisation
The statement assumes significance when the Narendra Modi-led government had been mooting major strategic disinvestment
 "Power Minister R K Singh points finger at lobby against PSU privatisation")
New national textile policy will address all issues, says secy Ravi Capoor
This was announced on Wednesday during an interactive session with captains of the textile industry in the region
 "New national textile policy will address all issues, says secy Ravi Capoor")
Keep in mind suggestions like OTP to prevent Aadhaar misuse: HC to Centre
The amicus suggested that UIDAI should consider having OTP authentication instead of using biometrics where "security concerns are more pronounced" and "loopholes are easily accessible".
 "Keep in mind suggestions like OTP to prevent Aadhaar misuse: HC to Centre")
January retail inflation at 68-month high of 7.59%; Dec IIP shrinks 0.3%
The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again
 "January retail inflation at 68-month high of 7.59%; Dec IIP shrinks 0.3%")
S&P's rating an affirmation that the Indian economy is on right path
The recent Budget proposals came in as a disappointment for most analysts in the absence of strong measures
 "S&P's rating an affirmation that the Indian economy is on right path")
After steep hike, milk prices likely to stabilise in 2021: Crisil
The flush season that usually begins in November-December is estimated to have shifted by 1-2 months because of the delayed monsoon.
 "After steep hike, milk prices likely to stabilise in 2021: Crisil")
Gadkari invites industry players for Delhi-Mumbai Expressway electric lane
He said while a stretch of the Delhi-Mumbai Expressway is planned as electric lane, the Delhi-Jaipur part of the 1,320 km expressway will be completed before Diwali
 "Gadkari invites industry players for Delhi-Mumbai Expressway electric lane")
Tamil Nadu CM urges FM to release Rs 6374 cr grant recommended by 14th FC
In a letter to Sitharaman, the CM said that of the total amount, Rs 2,029 cr is the arrear towards performance grant from 2017-18 to 2019-2020, and Rs 4,345 cr is the basic grant for 2019-2020.
 "Tamil Nadu CM urges FM to release Rs 6374 cr grant recommended by 14th FC")
S&P affirms India's rating at 'BBB-', fiscal position remains precarious
The rating agency sees growth recovery over two to three years
 "S&P affirms India's rating at 'BBB-', fiscal position remains precarious")
CAIT seeks to meet Trump on concerns over Amazon, Flipkart trade practices
The Confederation of All India Traders (CAIT) has been alleging violation of FDI policy rules by American e-commerce majors to the detriment of domestic retailers.
 "CAIT seeks to meet Trump on concerns over Amazon, Flipkart trade practices")
S&P retains India's rating at 'BBB-', says fiscal position precarious
Fiscal deficits have exceeded the government's plan, S&P said, adding it expect limited consolidation over the next few years
 "S&P retains India's rating at 'BBB-', says fiscal position precarious")
Focusing on sectors with competitive edge to boost exports: Goyal
Citing an example of man-made textiles, he said that the govt is putting attention as over the years, India always focused on cotton textiles, whereas the world has moved on to man-made textiles.
 "Focusing on sectors with competitive edge to boost exports: Goyal")
Awaiting lift-off: What keeps India's share of global space biz grounded
India's share in the estimated $360 billion global space industry is less than two per cent
 "Awaiting lift-off: What keeps India's share of global space biz grounded")
Tunnel works worth over Rs 1 trn to be undertaken in next 5 years: Gadkari
He said the need of the hour is to reduce cost and improve quality and added that departments cannot function in silos and need to work in a comprehensive manner
 "Tunnel works worth over Rs 1 trn to be undertaken in next 5 years: Gadkari")
Lower duties for agri goods on cards as US confirms Donald Trump visit
US President to visit Ahmedabad and New Delhi starting Feb 24; both sides likely to sign trade deal
 "Lower duties for agri goods on cards as US confirms Donald Trump visit")
Simplifying regime to make tax harassment 'a thing of the past': Modi
Until now, a process-centric tax system was predominant in India, but now it was being made public-centric, the prime minister added
 "Simplifying regime to make tax harassment 'a thing of the past': Modi")
Trump's India visit: Officials rushing to create a trade agreement
A visit by Trump's right hand man for trade negotiations - United States Trade Representative Robert Lighthizer - also remains uncertain
 "Trump's India visit: Officials rushing to create a trade agreement")
GST compensation to states delayed due to low realisation of cess: FM
At the time of the introduction of GST, it was agreed that the Centre would compensate states for shortfall in GST collections as per a defined formula
 "GST compensation to states delayed due to low realisation of cess: FM")
Bangladesh's per capita GDP now higher than eastern and northeastern India
Its per capita GDP was $1,905 in 2019, against $1,566 in West Bengal and $1,185 in Assam
 "Bangladesh's per capita GDP now higher than eastern and northeastern India")
Govt makes tax dispute resolution scheme attractive, expands scope
Cabinet approves changes to include litigation across forums
 "Govt makes tax dispute resolution scheme attractive, expands scope")