Page 2087 - Economy & Policy News
Two studies and a tale of divergent views on employment in the country
One study points to a staggering drop of nine million jobs, the other says no jobless growth, but only the educated are getting employed
 "Two studies and a tale of divergent views on employment in the country")
RCEP opt-out: Modi's Trumpian trade exit may be tactical retreat for India
Modi and his ministers are now selling his refusal to join RCEP as a victory for India's poor
 "RCEP opt-out: Modi's Trumpian trade exit may be tactical retreat for India")
Services sector has potential to generate jobs, boost economy: Piyush Goyal
He said the services sector has huge potential and it contributes in a significant way to the Indian economy.
 "Services sector has potential to generate jobs, boost economy: Piyush Goyal")
Heavy flooding to bring down sugar output by 20% to 26 mn tonnes in 2019-20
Ethanol is disrupting the traditional sugarcane value chain and could be a viable option to hedge the sugar sector from seasonal fluctuations and export market shocks
 "Heavy flooding to bring down sugar output by 20% to 26 mn tonnes in 2019-20")
High drama over paddy purchase in Chhattisgarh as BJP skips key meeting
Congress govt in the state had been mounting pressure on Centre to allow procurement at a higher price
 "High drama over paddy purchase in Chhattisgarh as BJP skips key meeting")
AP hails PM Modi's move not to join RCEP, says farmers would have suffered
State's Agriculture Mission chief says the oil seeds sector is already reeling due to edible oil imports
 "AP hails PM Modi's move not to join RCEP, says farmers would have suffered")
Will telcos get relief on AGR? PMO, Finance Ministry hold talks with DoT
AGR is Adjusted Gross Revenues which includes all licensed revenues of a telecom firm not necessarily originating only from mobile or landline services
 "Will telcos get relief on AGR? PMO, Finance Ministry hold talks with DoT")
Xi pledges wider market access, says world must 'knock down walls'
Chinese president says he will further open country's economy, day after India decided not to join the RCEP trade deal.
 "Xi pledges wider market access, says world must 'knock down walls'")
Services PMI contracts for second straight month in October on muted demand
Anecdotal evidence highlighted subdued demand conditions, competitive pressures and a fragile economic situation
 "Services PMI contracts for second straight month in October on muted demand")
Why the world needs to cut back on production capacity of steel plants
China's contention that the goal of curbing overcapacity in steel has been achieved is only partially true and doesn't bode well for India
 "Why the world needs to cut back on production capacity of steel plants")
Bank CEOs' pay: Half of remuneration to be variable, no guaranteed bonus
The RBI said guaranteed bonus was not consistent with sound risk management
 "Bank CEOs' pay: Half of remuneration to be variable, no guaranteed bonus")
Demonetisation effect: Spending on milk and milk products fell in 2017-18
The amount spent on milk and milk products (M&MP) dropped 10%. While households, hotels, and halwai shops spent Rs 6 trn on M&MP in 2016-17, consumption expenditure reduced to Rs 5.4 trn in 2017-18
 "Demonetisation effect: Spending on milk and milk products fell in 2017-18")
FM Sitharaman unveils two IT initiatives for faster customs clearance
ATITHI is a mobile app for international travelers to file the customs declaration in advance
 "FM Sitharaman unveils two IT initiatives for faster customs clearance")
Govt seeks feedback of industry on antibiotics in updated NLEM
AMR refers to the ability of a bacterium, virus or some other microbe to stop an antibiotic (or antimicrobial) from working against it
 "Govt seeks feedback of industry on antibiotics in updated NLEM")
NBFCs will have to maintain liquidity coverage ratio, says RBI
This will help them meet short-term obligations so that they can survive any acute liquidity crisis
 "NBFCs will have to maintain liquidity coverage ratio, says RBI")
Experts laud decision to avoid RCEP, say it will protect industry, farmers
The experts stated that the government's decision to not join this pact vindicates the concerns of domestic industry from sectors such as dairy and metal
 "Experts laud decision to avoid RCEP, say it will protect industry, farmers")
ADB to give $451 mn for Chennai-Kanyakumari Industrial Corridor power links
The total cost of the project is $653.5 million, of which the government will provide $202.5 million
 "ADB to give $451 mn for Chennai-Kanyakumari Industrial Corridor power links")
Defence Expo 2020: Rajnath calls for mutually beneficial partnerships
The 11th DefExpo will be held in Lucknow from February 5-8, 2020
 "Defence Expo 2020: Rajnath calls for mutually beneficial partnerships")
Centre mulls classifying jobs based on skills to remove arbitrariness
The ministry has come out with a list of occupations skill-wise, which will be dynamic in nature," a senior labour ministry official said, requesting anonymity.
 "Centre mulls classifying jobs based on skills to remove arbitrariness")
Essential goods may soon come under IBC regulations: Details here
Electricity, water, telecommunications, and information technology are currently covered under essential goods
 "Essential goods may soon come under IBC regulations: Details here")