Page 2202 - Economy & Policy News
Lok Sabha passes Wage Code Bill to ensure minimum wage for workers
The Bill which was passed by voice vote subsumes four labour laws -- Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act
 "Lok Sabha passes Wage Code Bill to ensure minimum wage for workers")
Wages Code Bill will uphold workers' rights, ensure timely payments: Govt
The Bill subsumes four labour laws -- Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act
 "Wages Code Bill will uphold workers' rights, ensure timely payments: Govt")
India expected to import 180-185 mn tonnes of coal in 2019: WoodMac
WoodMac previously said India's thermal coal imports grew at their fastest pace since 2014 to 164 million tonnes in 2018
 "India expected to import 180-185 mn tonnes of coal in 2019: WoodMac")
Tax rise for high earners may trigger fund flight from India: Bimal Jalan
Finance Minister Nirmala Sitharaman, in her budget this month, raised taxes on people earning more than Rs 1 crore a year to at least 42.7%.
 "Tax rise for high earners may trigger fund flight from India: Bimal Jalan")
The govt may make PM's crop insurance scheme voluntary and that may kill it
The proposal to make PMFBY voluntary was part of the Bharatiya Janata Party's 2019 election manifesto. Why is the government proposing to jettison the scheme?
 "The govt may make PM's crop insurance scheme voluntary and that may kill it")
Number of pending appeals at Securities Appellate Tribunal rise 70% in FY19
The ratio of appeals dismissed to those decided in favour of Sebi shows a decline. There were 18 appeals in favour of Sebi for every order passed against it in FY18. The ratio has since dropped to 5.5
 "Number of pending appeals at Securities Appellate Tribunal rise 70% in FY19")
A steady option: Low rain forces farmers in several states to turn to maize
According to latest data from the department of agriculture, till July 25, maize has been sown in around 6.38 million hectares, which is around 136,000 hectares more than the same period last year
 "A steady option: Low rain forces farmers in several states to turn to maize")
Microdots in vehicles to prevent thefts and check fake spare parts
Microdot technology involves spraying the body and parts of the vehicle or any other machine with microscopic dots, which give a unique identification
 "Microdots in vehicles to prevent thefts and check fake spare parts")
Parliament passes bill to curb ponzi schemes, protect poor investors
The Rajya Sabha passed with voice vote the bill which would save gullible investors from ponzi schemes
 "Parliament passes bill to curb ponzi schemes, protect poor investors")
IBC Bill won't encroach on SC domain, says FM Nirmala Sitharaman
The amendments are largely to clear the Code's legislative intent, says Nirmala Sitharaman
 "IBC Bill won't encroach on SC domain, says FM Nirmala Sitharaman")
Bharti Airtel, Reliance Jio, Vodafone Idea oppose free spectrum to railways
Reliance Jio said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication
 "Bharti Airtel, Reliance Jio, Vodafone Idea oppose free spectrum to railways")
Telecom firms owe over Rs 92,000 cr as licence fees till date: Centre to SC
Dues from Vodafone totalled Rs 19,823.71 crore while Reliance Communications owed a total of Rs 16,456.47 crore
 "Telecom firms owe over Rs 92,000 cr as licence fees till date: Centre to SC")
BJP fulfils poll promise: Soon, national trader's welfare board under DPIIT
The Board was a key poll promise of the BJP and will improve access to funds, cut down on compliance burden.
 "BJP fulfils poll promise: Soon, national trader's welfare board under DPIIT")
RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists
The Reserve Bank of India's board will meet on August 16 to discuss, among others, the nation's proposed maiden offshore bond sale plan
 "RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists")
India's non-basmati rice export falls after govt withdraws tax incentive
Government's decision to increase MSP consistently had raised cost of procuring
 "India's non-basmati rice export falls after govt withdraws tax incentive")
Clean fuel race: CNG may turn out to be key to India's automobile future
CNG may turn out to be the key to India's automobile future and the dream of increasing the share of natural gas
 "Clean fuel race: CNG may turn out to be key to India's automobile future")
Auto slowdown: 286 dealers closed down in 18 months, 32,000 jobs impacted
The worst-hit is the passenger car segment. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi
Banning pesky calls from NBFCs for offering loans may not be ideal: RBI
RBI rejected suggestions given by RTI activist on operations of NBFCs, like to ban calls luring customers for unsecured loans, capping interest rates and putting a ban on financing of NBFCs by banks
 "Banning pesky calls from NBFCs for offering loans may not be ideal: RBI")
Uttar Pradesh to invest Rs 20,000 cr in improving power transmission infra
State peak hour power demand estimated to jump 35% to 30,000 mw by 2024
 "Uttar Pradesh to invest Rs 20,000 cr in improving power transmission infra")
India bond yields drop as FM says govt won't rethink foreign bond plan
India's benchmark 10-year bond yield fell as much as 11 bps to 6.42% on FM Sitharaman's comments
 "India bond yields drop as FM says govt won't rethink foreign bond plan")