Page 1987 - Economy & Policy News
Cabinet okays Ordinance removing end-use restrictions in coal mine auctions
The decision taken by the Cabinet Chaired by Prime Minister Narendra Modi will also do away with end-use restrictions of the mining blocks
 "Cabinet okays Ordinance removing end-use restrictions in coal mine auctions")
Aircraft carrier Vikrant likely to be commissioned by 2021: Report
This carrier is being built at the Cochin Shipyard Limited (CSL) in Kochi
 "Aircraft carrier Vikrant likely to be commissioned by 2021: Report")
NITI Aayog pitches for bringing in private players for train operations
The paper, prepared for discussions with stakeholders, has split the 100 routes into 10-12 clusters
 "NITI Aayog pitches for bringing in private players for train operations")
Strike hits production at HMSI, auto part makers in Manesar industrial belt
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp and Honda Cars India at their plants in various parts of the country
 "Strike hits production at HMSI, auto part makers in Manesar industrial belt")
Govt to provide Rs 5,559 cr viability gap funding to set up gas grid in NE
The government will provide Rs 5,559 cr viability gap funding for building a 1,656 km gas grid in North East at a cost of Rs 9,265 crore
 "Govt to provide Rs 5,559 cr viability gap funding to set up gas grid in NE")
India asks importers to buy palm oil from Indonesia, not Malaysia: Report
On Monday, the commerce ministry held a detailed meeting with edible oil industry stakeholders and asked them informally to avoid purchase of Malaysian palm oil, a government source said
 "India asks importers to buy palm oil from Indonesia, not Malaysia: Report")
Odisha's FDI equity inflows surge 330% to $43 million in H1FY20
FDI equity inflows in Gujarat more than doubled from $1.5 billion in H1 FY19 to $3.5 billion in H1 FY20
 "Odisha's FDI equity inflows surge 330% to $43 million in H1FY20")
Indian economy needs govt spending even if fiscal deficit widens: Official
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
 "Indian economy needs govt spending even if fiscal deficit widens: Official")
India's GDP growth for FY20 maybe just 5%; lowest in 11 years
In nominal terms, India's gross domestic product is expected to grow at 7.5 per cent, a multi-decade low, suggesting that tax revenues and individual incomes may remain under stress
 "India's GDP growth for FY20 maybe just 5%; lowest in 11 years")
FCI asks Kerala to pay Rs 205 crore for rice allotted as flood relief
The Centre had approved the release of Rs 5,908.56 crore to seven states, including Uttar Pradesh, Karnataka and Assam, as assistance for the damage caused due to various calamities last year
 "FCI asks Kerala to pay Rs 205 crore for rice allotted as flood relief")
Three key issues and the rift between Reliance Industries and the Centre
Within less than a year, there have been three occasions when the government of India and the country's most valued firm by market capitalisation have been at odds
 "Three key issues and the rift between Reliance Industries and the Centre")
Why labour unions have called for a nationwide strike today: Explained
One of the key demands of the unions is to increase the minimum wages of workers
 "Why labour unions have called for a nationwide strike today: Explained")
Govt's mega plan to boost exports: Credit at lower rate for small biz soon
Interest rates will likely fall to 3.15% for export credit in dollar terms and 7.35% in rupee terms
 "Govt's mega plan to boost exports: Credit at lower rate for small biz soon")
Target-driven approach to infra building important enabler for growth
The Centre's mega-infrastructure plan may founder on a poor enabling environment as much as the availability of finance
 "Target-driven approach to infra building important enabler for growth")
Will not let industries move out of Maharashtra, says Uddhav Thackeray
Reliance Industries chairman Mukesh Ambani, Tata group chairman emeritus Ratan Tata, Mahindra group chairman Anand Mahindra among others participated in two hour discussion
 "Will not let industries move out of Maharashtra, says Uddhav Thackeray")
Air India sale ready to take off: GoM okays EoI, share purchase agreement
Govt gives nod to hive off another Rs 20,000 cr in debt and liabilities
 "Air India sale ready to take off: GoM okays EoI, share purchase agreement")
Indian economy likely to grow at 6% in 2020, says Blackstone report
Titled Ten Surprises for 2020, the report is a list unexpected events that could influence and shape the sociopolitical landscapes worldwide for this year
 "Indian economy likely to grow at 6% in 2020, says Blackstone report")
Roadshows for BPCL, Container Corporation veer off the beaten track
Govt sounds out select few firms over stake sales; might push process to next financial year
 "Roadshows for BPCL, Container Corporation veer off the beaten track")
NITI floats draft documents for discussion on private passenger trains
The Ministry of Railways and the National Institution for Transforming India (NITI) Aayog are spearheading participation of private entities in operation of passenger trains on 100 routes
 "NITI floats draft documents for discussion on private passenger trains")
No information from Karnataka: NMDC on amendments to mining lease extension
The Central government-owned company's Donimalai mine in Karnataka remains non operational since 2018 after NMDC and the Karnataka Government got into a legal battle
 "No information from Karnataka: NMDC on amendments to mining lease extension")