Page 2043 - Economy & Policy News
As India seeks energy independence, booze may be a hurdle in the way
The Uttar Pradesh government recently announced a further increase in the quota of molasses that needs to be supplied to liquor makers to 18% of total state output from 16%.
 "As India seeks energy independence, booze may be a hurdle in the way")
RSS think tank: Sale of Air India, BPCL against 'national interest'
The Modi government has proposed strategic sale in PSEs, including in profit making Bharat Petroleum Corporation Limited (BPCL), to meet its disinvestment target
 "RSS think tank: Sale of Air India, BPCL against 'national interest'")
GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps
Although the collection figures come as a breather for the government, it is lower than the expected collection rate needed to meet the steep target for FY20
 "GST mop-up crosses Rs 1 trn in Nov over festive demand, anti-evasion steps")
Growth in India's energy consumption, power supply hits five-year low
In five years, there has never been a situation where demand has fallen against planned energy generation
 "Growth in India's energy consumption, power supply hits five-year low")
Govt preps up for cybersecurity policy upgrade, invites suggestions
The proposed vision of the upcoming policy is "to ensure a safe, secure, trusted, resilient and vibrant cyber space for our nation's prosperity".
 "Govt preps up for cybersecurity policy upgrade, invites suggestions")
RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das
Real GDP growth has averaged 4.8% YoY in 1HFY20, as against India's potential growth rate of about 6.5-7%
 "RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das")
AAI proposes privatisation of 6 airports including Amritsar, Varanasi
The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country
 "AAI proposes privatisation of 6 airports including Amritsar, Varanasi")
Indian economy loses sheen amid slowdown: Explained in seven charts
The September quarter GDP grew at 4.5 per cent in real terms
 "Indian economy loses sheen amid slowdown: Explained in seven charts")
Personal insolvency beginning of a 'new learning': IBBI chief M S Sahoo
"We intend to move in a phased manner to cover insolvency of partnership and proprietorship firms and other individuals," he said.
 "Personal insolvency beginning of a 'new learning': IBBI chief M S Sahoo")
Tech, service firms gear up for FASTag as govt extends deadline to Dec 15
Online marketplaces, which are selling FASTags are seeing a brisk business
 "Tech, service firms gear up for FASTag as govt extends deadline to Dec 15")
Centre sanctions Rs 325 crore for new medical college in Kashmir's Handwara
Out of the total amount, Rs 115 crore will be spent on construction of administrative and academic blocks
 "Centre sanctions Rs 325 crore for new medical college in Kashmir's Handwara")
Business in north-east region should focus on textiles, agriculture: DPIIT
The government has rolled out the North East Industrial Development Scheme, 2017 to promote industrialisation and job creation in this region
 "Business in north-east region should focus on textiles, agriculture: DPIIT")
GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months
The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018
 "GST collection up 6% in Nov, crosses Rs 1 trn after a gap of three months")
Soma Roy Burman appointed new CGA, becomes seventh woman to hold the post
During her 33-year long career, she has held cadre positions at different levels in ministries such as Home Affairs, Information & Broadcasting, Industry, Finance, Road Transport & Highways
 "Soma Roy Burman appointed new CGA, becomes seventh woman to hold the post")
India considers investing $1.39 trn in infrastructure to spur economy
Nirmala Sitharaman's comments, as cited in local newspapers, followed data released on Friday that showed India's economic growth slowed to 4.5 per cent in the July-September quarter
 "India considers investing $1.39 trn in infrastructure to spur economy")
RBI's Dec policy move could turn real interest rate negative: Economists
Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country
 "RBI's Dec policy move could turn real interest rate negative: Economists")
Govt turned a blind eye to lag signs in IIP, core sector growth: Experts
The GDP figure is an outcome of several months of downbeat figures -- from weak consumer demand and private investment to shrinking factory output and an export slump
 "Govt turned a blind eye to lag signs in IIP, core sector growth: Experts")
India's deepening economic slowdown opens the door for more rate cuts
The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013
 "India's deepening economic slowdown opens the door for more rate cuts")
Day after GDP data, PM defends govt's record and hints at more measures
Finance Minister Nirmala Sitharaman also joined in and defended the Centre's economic record in the last six months
 "Day after GDP data, PM defends govt's record and hints at more measures")
Miles to go as financial inclusion has only scratched surface: TRIBE CEO
Tech is helping extend credit to the MSME sector
 "Miles to go as financial inclusion has only scratched surface: TRIBE CEO")