Page 2021 - Economy & Policy News
Stressed asset buyers get protection after Cabinet clears IBC amendment
Cabinet clears Code amendments to shield new owners from criminal liabilities
 "Stressed asset buyers get protection after Cabinet clears IBC amendment")
ADB scales down India's GDP growth forecast from 6.5% to 5.1% for FY20
The ADB said growth would pick up to 6.5 per cent in 2020-21 with "supportive" policies, but also said it would be lower than its earlier forecast of 7.2 per cent for the fiscal year
 "ADB scales down India's GDP growth forecast from 6.5% to 5.1% for FY20")
Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers
Irdai said such debt ETFs should be issued by mutual funds registered by Sebi and governed by its regulations.
 "Irdai okays debt ETFs of CPSEs as eligible class of investment for insurers")
Rajasthan govt to launch farmer welfare fund of Rs 1,000 cr on December 17
The IM Shakti (Indira Mahila Shakti) Yojana dedicated to women empowerment will also be launched on this occasion. Chief Minister Ashok Gehlot has given a budget of Rs 1,000 crore for this scheme.
 "Rajasthan govt to launch farmer welfare fund of Rs 1,000 cr on December 17")
Change in IGST panel triggers speculation on fresh faces in Modi cabinet
A young face from the North-East may be brought in to articulate the government's stand in those states
 "Change in IGST panel triggers speculation on fresh faces in Modi cabinet")
Not a drop to drink: Chennai still caught in cyclical water crisis
The third of a five-part series highlights how recycling of waste water is the only way to fight drought
 "Not a drop to drink: Chennai still caught in cyclical water crisis")
Cabinet authorises NHAI to set up InvIT to monetise national highways
IRB Infrastructure Developers was the first private company in the sector to come out with an INvIT
 "Cabinet authorises NHAI to set up InvIT to monetise national highways")
Govt clears IBC amendments to ring-fence successful bidders from risks
It assumes significance against the backdrop of instances of enforcement agencies taking action in case of companies where the resolution process has already been completed.
India's fuel consumption grew 10.5% in November: Oil Ministry data
Sales of gasoline, or petrol, were 9.2 percent higher from a year earlier at 2.53 million tonnes.
 "India's fuel consumption grew 10.5% in November: Oil Ministry data")
Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20
Another Rs 10,000 crore will be infused in 2020-21
 "Govt okays Rs 5,300 cr capital infusion into IIFCL via recap bonds in FY20")
LS passes Bill to set up unified authority to regulate all IFSC activities
The unified authority will act as a single-window for regulating various financial activities in the IFSC, said Finance Minister Nirmala Sitharaman
PM Jan Arogya Yojna: ICMR drafts treatment guidelines for better healthcare
For this, NHA and ICMR are continuously discussing the modalities and strategies to develop the adoption and implementation of STGs in the Aysuhman Bharat-Prime Minister Jan Arogya Yojna (AB-PMJAY)
 "PM Jan Arogya Yojna: ICMR drafts treatment guidelines for better healthcare")
Mumbai-Nagpur corridor to get Rs 3,500 cr capital infusion from state govt
The decision was taken at a cabinet meeting chaired by Chief Minister Uddhav Thackeray here
 "Mumbai-Nagpur corridor to get Rs 3,500 cr capital infusion from state govt")
Firms can file papers for issues worth Rs 750 cr at regional offices: Sebi
Till now, merchant bankers on behalf of the companies were allowed to file the papers for issues worth up to Rs 500 crore with regional office of Sebi concerned.
 "Firms can file papers for issues worth Rs 750 cr at regional offices: Sebi")
Over 26,400 complaints received against telcos by Trai during Nov-Jan: Govt
The government is considering setting up a telecom Ombudsman for addressing consumer grievances, said Sanjay Dhotre in the Lok Sabha
 "Over 26,400 complaints received against telcos by Trai during Nov-Jan: Govt")
Muted response to West Bengal industrial event, no big-ticket deals signed
While star industrialists like Mukesh Ambani, Sajjan Jindal, L N Mittal and Uday Kotak have been key faces at previous events, this year's conclave mainly had industrialists from Kolkata
 "Muted response to West Bengal industrial event, no big-ticket deals signed")
21,467 Indian websites were hacked in Jan-Oct period, show CERT-In data
Minister of State of Electronics and IT, there have been attempts from time to time to launch cyber attacks on Indian cyber space
 "21,467 Indian websites were hacked in Jan-Oct period, show CERT-In data")
Power demand sees fourth straight month of fall, declines 4.28% in Nov
According to the data, the power demand shrank 12.94 per cent to 98.36 BU in October this year compared to the year-ago month
 "Power demand sees fourth straight month of fall, declines 4.28% in Nov")
Loan waivers drive bank NPAs in MP up by Rs 2,949 cr in 10 months to Sept
Farmers, meanwhile, are paying for their seed and fertiliser needs in cash as the loan write-offs have taken them off the credit grid
 "Loan waivers drive bank NPAs in MP up by Rs 2,949 cr in 10 months to Sept")
Maharashtra awaiting Rs 15,558-cr dues including GST compensation: Uddhav
It also expressed fear of a shortfall in GST collections compared to the benchmark growth of 14 per cent due to the slowdown in the economy
 "Maharashtra awaiting Rs 15,558-cr dues including GST compensation: Uddhav")