Page 2088 - Economy & Policy News
Trai extends Nov 11 mobile number portability deadline due to tech issues
The revamped mobile number portability (MNP) or port-out rules aim to makes the entire process faster and simpler
 "Trai extends Nov 11 mobile number portability deadline due to tech issues")
India pulls out of RCEP, paves way for 15 nations to sign China-backed deal
Modi decided not to join the deal in order to protect service workers and farmers
 "India pulls out of RCEP, paves way for 15 nations to sign China-backed deal")
Minimum wage for workers likely to increase in next three months
Children education, medical costs set to be included in minimum wage
 "Minimum wage for workers likely to increase in next three months")
Govt to set up mega parks near ports to attract FDI: Textile secretary
Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks
 "Govt to set up mega parks near ports to attract FDI: Textile secretary")
Diwali demand was muted, India's GDP growth may fall to 5.8%, says BofAML
Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter
 "Diwali demand was muted, India's GDP growth may fall to 5.8%, says BofAML")
AP govt shunts out chief secy as row with other officials turns acrimonious
The spat, which was about procedural issues related to the movement of files, turned public
 "AP govt shunts out chief secy as row with other officials turns acrimonious")
Andhra sand crisis: Amid fresh protests, state govt vows to ease situation
The BJP and Jana Sena Party have joined the chorus against Y S Jagan Mohan Reddy-led state govt for the situation, which has impacted construction activity and led to job losses
 "Andhra sand crisis: Amid fresh protests, state govt vows to ease situation")
India must liberalise economy more to benefit from FTAs, says Surjit Bhalla
Sources also added that overall, we are clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiations.
 "India must liberalise economy more to benefit from FTAs, says Surjit Bhalla")
'Make in India' has become 'Buy from China': Rahul hits out at govt on RCEP
'RCEP will flood India with cheap goods, resulting in millions of job losses & crippling the Indian economy,' Gandhi said
 "'Make in India' has become 'Buy from China': Rahul hits out at govt on RCEP")
Smart metering faces hurdles as not all discoms see financial benefit in it
The plan is also up against supply issues with vendors reluctant to deliver to certain states due to payment concerns
 "Smart metering faces hurdles as not all discoms see financial benefit in it")
Govt must reduce reliance on bond mkts, undertake divestment: Ex RBI Dy Gov
Acharya also emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.
 "Govt must reduce reliance on bond mkts, undertake divestment: Ex RBI Dy Gov")
Clean air can increase Indians' average life expectancy by 1.7 years: Study
About 77% of India's population was found to be exposed to ambient air pollution levels above the national safe limit
 "Clean air can increase Indians' average life expectancy by 1.7 years: Study")
Air quality: India's poor response to pollution could fuel social epidemic
If the country doesn't pull up its socks now, deaths due to pollution could touch 3.6 mn a year by 2050 -- and the poor will be the biggest sufferers
 "Air quality: India's poor response to pollution could fuel social epidemic")
Joint statement on RCEP deal likely after 7 tiring years of negotiations
The possible delay in firming up the Regional Comprehensive Economic Partnership (RCEP) during the 3-day ASEAN summit in Bangkok has been attributed to India's 'new demands'
 "Joint statement on RCEP deal likely after 7 tiring years of negotiations")
India to continue negotiations on RCEP trade deal: Australian minister
The comments threw new doubt over the participation of India in the China-backed 16-nation Regional Comprehensive Economic Partnership
 "India to continue negotiations on RCEP trade deal: Australian minister")
Housing sales dip over 9% in Q2 as slowdown weighs on buyers' sentiment
This is the fourth such report that has shown fall in housing sales during the third quarter of the 2019 calendar year
 "Housing sales dip over 9% in Q2 as slowdown weighs on buyers' sentiment")
Freight traffic by Indian Railways drops 0.97% in first 7 months of FY20
Till November 2, loading by the Railways was 689.88 million tonne (mt) compared to around 683.19 mt during the same time last year
 "Freight traffic by Indian Railways drops 0.97% in first 7 months of FY20")
SMEs can call out big companies for dues, thanks to a tweak in IBC
Information utility National e-governance Services (NeSL) will now make public the names of companies which default on payments
 "SMEs can call out big companies for dues, thanks to a tweak in IBC")
Statsguru: Public firms are increasingly denying social security to workers
While the transition from agriculture to other sectors is taking place, manufacturing is not providing the necessary buffer before the workforce shifts to the services sector
 "Statsguru: Public firms are increasingly denying social security to workers")
Plastic's loss, jute's gain: Demand for 'golden fibre' boosts jute industry
In an industry known more for industrial violence and lockouts, the excitement is palpable at the surge in demand, after decades of stagnation, whether from the government or from global retailers
 "Plastic's loss, jute's gain: Demand for 'golden fibre' boosts jute industry")