Page 2124 - Economy & Policy News
Zinc looks to make inroads into solar, fertilizer segment for consumption
Zinc coated (galvanized) steel is the most effective and inexpensive way to protect steel from the corrosive effects of weather, temperature and oxygen
 "Zinc looks to make inroads into solar, fertilizer segment for consumption")
Indian financial sector lags in embracing climate-linked investment calls
Lack of enthusiasm to link climate issues with financial support could slow India's push for renewables and supporting technologies for low carbon pathways
 "Indian financial sector lags in embracing climate-linked investment calls")
STPI's 28 new centres of excellence to spur exports, meet domestic demand
Software products exports seen rising to $80-90 billion by 2025
 "STPI's 28 new centres of excellence to spur exports, meet domestic demand")
The world is still shaped by the West
From the Indian point of view, looking ahead, our sense is the theories of the decline of the West are grossly overstated
 "The world is still shaped by the West")
Modi and Hasina sign 7 pacts after talks, LPG import project launched
The pacts signed after Modi-Hasina talks provided for deeper cooperation between the two countries in areas of water resources, youth affairs, culture, education and coastal surveillance
 "Modi and Hasina sign 7 pacts after talks, LPG import project launched")
Union Cabinet approves a new process of strategic disinvestment
This was done with a view to streamlining and speeding up the process, reducing the role of administrative ministries which often used to place hurdles in the path of major stake sales
 "Union Cabinet approves a new process of strategic disinvestment")
More rate cuts? RBI vows to ease monetary policy as 'long as necessary'
The Reserve Bank of India lowered its benchmark repurchase rate by 25 basis points to 5.15 per cent on Friday, in line with the forecasts of a majority of economists
 "More rate cuts? RBI vows to ease monetary policy as 'long as necessary'")
Trade deal with US 'not easy', involves 'complicated issues': Jaishankar
External Affairs Minister S Jaishankar's remarks come as U.S. Commerce Secretary Wilbur Ross and his Indian counterpart Piyush Goyal are holding talks in New Delhi.
India lifted 300 mn people out of poverty between 2004 and 2018: Niti Aayog
Nowhere else in the world has this happened in recent times, he said at the inauguration of the MicronTechnology Incs Global Development Centre
 "India lifted 300 mn people out of poverty between 2004 and 2018: Niti Aayog")
RBI monetary policy: Wider output gap drives fifth consecutive rate cut
Although the transmission of monetary easing undertaken so far has been staggered and incomplete, it is expected to improve going forward.
 "RBI monetary policy: Wider output gap drives fifth consecutive rate cut")
Monetary policy review: RBI allows rupee derivatives trade in IFSCs
According to BIS, NDFs in six currencies account for two-thirds of the trade in the NDF globally
 "Monetary policy review: RBI allows rupee derivatives trade in IFSCs")
RBI sharply cuts FY20 GDP growth forecast to 6.1% amid economic slowdown
The drop in the central bank's outlook is more glaring if the entire rate cut cycle is considered
 "RBI sharply cuts FY20 GDP growth forecast to 6.1% amid economic slowdown")
Onion prices down 40% from season's peak on govt action but supplies worsen
Cheer for consumers, grief for farmers and traders. Huge losses for stockists who booked at higher levels on hopes of further price rise
 "Onion prices down 40% from season's peak on govt action but supplies worsen")
Odisha govt invites bids for 10 iron ore and manganese blocks
The state government has invited both financial and technical bids both in physical and digital formats
 "Odisha govt invites bids for 10 iron ore and manganese blocks")
At 48.7, PMI services index declines to 19-month low in September
The index fell to 48.7 in September from 52.4 in August due to subdued demand.
 "At 48.7, PMI services index declines to 19-month low in September")
RBI to provide liquidity support to banks for smooth NEFT transactions
RBI will extend the collateralised liquidity support on NEFT, which is currently available till 7.45 pm on working days, round the clock.
 "RBI to provide liquidity support to banks for smooth NEFT transactions")
RBI won't let any cooperative bank collapse, banking sector stable: Das
Since the Punjab National Bank scam came to light in February 2018, the banking sector has been hit with two other major crises - IL&FS and DHFL crisis
 "RBI won't let any cooperative bank collapse, banking sector stable: Das")
Railway unions protest against Tejas Express launch, observe 'black day'
The All India Railway Men's Federation (AIRF) said it is observing the day as 'virodh diwas' across the network against the first "private" train Tejas
 "Railway unions protest against Tejas Express launch, observe 'black day'")
RBI rate cut to boost housing demand in festive season: Experts
The move would go some way in improving consumer sentiment in the festive season, which is a crucial period for real estate sales, Puri added.
 "RBI rate cut to boost housing demand in festive season: Experts")
RBI rate cut will spur economic growth, boost consumption: India Inc
Industry's reaction came as the central bank slashed its benchmark lending rate by 0.25 percentage points to 5.15 per cent.