Page 2206 - Economy & Policy News
India jumps five places to 52nd rank in Global Innovation Index 2019
The GII rankings are published annually by Cornell University, INSEAD and the UN World Intellectual Property Organisation (WIPO) and GII Knowledge Partners
 "India jumps five places to 52nd rank in Global Innovation Index 2019")
Should govt's PMFBY crop insurance scheme be voluntary for farmers?
Some experts say voluntary Pradhan Mantri Fasal Bima Yojana may hit farmer enrolments, unless the scheme is made more attractive
 "Should govt's PMFBY crop insurance scheme be voluntary for farmers?")
Yogi sounds clarion calls for making UP trillion-dollar economy in 5 years
Admits that target is difficult, but not impossible to achieve; urges administration to take on challenge
 "Yogi sounds clarion calls for making UP trillion-dollar economy in 5 years")
Target R&D expenditure of 2% of GDP by 2022, says PM economic panel
India's public investment in R&D as a fraction of GDP has remained stagnant over the last two decades
 "Target R&D expenditure of 2% of GDP by 2022, says PM economic panel")
Divestment: Questions still remain on privatisation and asset monetisation
While DIPAM can still meet or come close to the divestment target of Rs 1.05 trillion, it may not be on the back of strategic sales or asset monetisation
 "Divestment: Questions still remain on privatisation and asset monetisation")
Taking cue from Andhra, PMK demands 80% reservation for Tamils in pvt jobs
Andhra Pradesh's move would especially affect Tamils employed at a special economic zone located on the Tamil Nadu-Andhra Pradesh border, he noted
 "Taking cue from Andhra, PMK demands 80% reservation for Tamils in pvt jobs")
Is India running out of time to cash in on its booming young workforce?
India isn't doing enough to revamp its education system to prepare the youth for better-paying, high-skilled jobs, going by a recent World Bank report
 "Is India running out of time to cash in on its booming young workforce?")
After World Bank, Beijing-backed bank drops plans to fund Andhra's capital
The World Bank withdraw its funding after the central government dropped its support for the project
 "After World Bank, Beijing-backed bank drops plans to fund Andhra's capital")
IT industry holds key in strengthening ties with US: Indian envoy in US
Indian IT companies, he said, have 'contributed to the competitiveness of global operations' of US firms. "And in doing so have also supported hundreds of thousands of jobs
 "IT industry holds key in strengthening ties with US: Indian envoy in US")
Minimum wage rationalisation on cards: Here're the govt's key proposals
These proposals were a part of the Code on Wages Bill, 2019 and the Code on Occupational Safety Health and Working Conditions Bill 2019
 "Minimum wage rationalisation on cards: Here're the govt's key proposals")
Nasscom asks govt to reconsider clarification on intermediary services
A circular from the Central Board for Indirect Taxes and Customs that was released last week said the services offered by the IT and ITeS sectors at the back end may attract 18% GST
 "Nasscom asks govt to reconsider clarification on intermediary services")
Modi govt proposes major labour law changes for ease of compliance
Single registration will be coupled with single licence, along with a single return, for executing projects for five years
 "Modi govt proposes major labour law changes for ease of compliance")
With a word of advice for the government, Viral Acharya leaves RBI
The deputy governor rued that the heavy government borrowing is crowding out private players, but not necessarily for productive purposes
 "With a word of advice for the government, Viral Acharya leaves RBI")
Hit by frauds, lenders plan to hire agencies for loan monitoring
At present, once loans are disbursed by a consortium, banks are dependent on rating agencies and information provided by the company to assess the end use of loans as well as financial health of firm
 "Hit by frauds, lenders plan to hire agencies for loan monitoring")
Global Innovation Index: India set to break into top 50 elite club
2019 report to be launched in New Delhi today
RBI adopts framework to strengthen trust of citizens and other institutions
The mission of the framework, named Utkarsh 2022, would be to "promote the economic and financial well-being of the people of India
 "RBI adopts framework to strengthen trust of citizens and other institutions")
US on defensive mode: Kashmir a 'bilateral issue', says State Department
Richard Verma, the US ambassador to India during the last years of the Obama administration, said Trump "did a lot of damage" with his remarks on Kashmir and Afghanistan, which were "way off the mark"
 "US on defensive mode: Kashmir a 'bilateral issue', says State Department")
Pellet makers want Odisha govt's nod to partake in iron ore auctions
Most of the pellet makers in the state are running their units without captive iron ore resource and hence, depend on merchant supplies of ore
 "Pellet makers want Odisha govt's nod to partake in iron ore auctions")
Nirmala Sitharaman's maiden Budget gets parliamentary approval
Sitharaman said the Budget 2019-20 proposals including raising tax on super-rich and levy of a tax on high value cash withdrawals were aimed at creating the new India
 "Nirmala Sitharaman's maiden Budget gets parliamentary approval")
Cryptocurrency ban: Panel report leaves many questions unanswered
The Subhash Garg panel as part of its report had submitted a draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019
 "Cryptocurrency ban: Panel report leaves many questions unanswered")