Page 2213 - Economy & Policy News
Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore
The share of capital expenditure has shown a declining trend over the last twenty years
 "Tight-fisted Budget leads to capex squeeze, and it's not surprising anymore")
A cargo of cash from private equity investors puts logistics in high gear
According to Venture Intelligence data, nearly $896 million was invested by PEs during the first half of 2019 across 16 deals, as against $682 million across 18 deals a year ago
 "A cargo of cash from private equity investors puts logistics in high gear")
Govt may issue sovereign bonds in phases, first lot to be of $3-4 billion
The bonds will likely be simultaneously launched in major financial centres such as London, Singapore, Hong Kong, New York and others
 "Govt may issue sovereign bonds in phases, first lot to be of $3-4 billion")
India, Russia find way to skirt US threat of sanctions on arms deals
The arrangement would enable India to pay the first installment soon for two warships that Russia is building for its navy, said sources
 "India, Russia find way to skirt US threat of sanctions on arms deals")
Crisis-hit IL&FS revises debt terms for three of its road entities
The revision allows for concessions and modification of terms of financial debt and release of cash flow from existing accounts to service financial and operational creditors
 "Crisis-hit IL&FS revises debt terms for three of its road entities")
India's exports fall 9.7% to $25 billion in June as key sectors fare poorly
Second such fall in the past year; govt blames global trade conditions
 "India's exports fall 9.7% to $25 billion in June as key sectors fare poorly")
Asia on track to top 50% of world GDP by 2040, says McKinsey report
Continent to drive 40% of global consumption; As Chinese wages have risen, nations like Vietnam, India and Bangladesh have grown yearly exports of labour-intensive goods by 15%, 8% and 7% respectively
 "Asia on track to top 50% of world GDP by 2040, says McKinsey report")
Govt diverting around Rs 17,000 crore from petrol and diesel cess kitty
The collection on account of cess on diesel and petrol yielded the government Rs 1.13 trillion in 2018-19 and is estimated to bring in Rs 1.27 trillion in 2019-20
 "Govt diverting around Rs 17,000 crore from petrol and diesel cess kitty")
India's business sentiment in June lowest since 2016, says survey
Predictions of softer activity growth underpin the downward revisions of profit outlook, subdued hiring plans and relatively muted capital expenditure
 "India's business sentiment in June lowest since 2016, says survey")
WPI inflation eases to near two-year low at 2.02% in June
Data, released by the government last week, showed that the CPI inflation rate, in fact, rose to an eight-month high of 3.18 per cent in the month
 "WPI inflation eases to near two-year low at 2.02% in June")
India's sovereign bond yields may drop to lowest since 2009: Deutsche Bank
Sovereign bonds have rallied in India, with the 10-year yield falling to its lowest since 2017.
 "India's sovereign bond yields may drop to lowest since 2009: Deutsche Bank")
'EOUs can import goods from Pakistan without paying customs duty'
The 5/2019 notification grants exemption on goods imported by EOUs from the whole of customs duty leviable thereon under the First Schedule to the Customs Tariff Act, 1975
 "'EOUs can import goods from Pakistan without paying customs duty'")
Real estate developers at risk as stress in credit market dries up funding
Cash crunch may shutter about 70% of developers: Goldman Sachs
 "Real estate developers at risk as stress in credit market dries up funding")
Rule on Parliament panels' scrutiny tweaked to expedite Finance Bill
There are 24 department-related standing committees covering under their jurisdiction all the ministries/departments of the government
 "Rule on Parliament panels' scrutiny tweaked to expedite Finance Bill")
India seeks investments, but won't sign unfair trade deals: Piyush Goyal
India will sit down across the table and find a common meeting ground with the US and the UK, says Piyush Goyal in London.
 "India seeks investments, but won't sign unfair trade deals: Piyush Goyal")
China Q2 GDP growth slows to 27-year low as trade war with US bites
Official survey shows factories were shedding jobs at the fastest pace since the global crisis a decade ago.
 "China Q2 GDP growth slows to 27-year low as trade war with US bites")
LS passes bill to allow NIA to probe terrorist acts against Indians abroad
Home Minister Amit Shah said Parliament should speak in one voice in giving powers to the NIA to send out a message to terrorists and the world
 "LS passes bill to allow NIA to probe terrorist acts against Indians abroad")
Short-term power market gains as long-term PPAs recede, shows data
The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission
 "Short-term power market gains as long-term PPAs recede, shows data")
Exports fall 9.71% to $25 bn in June; trade deficit lowers to $15.28 bn
Imports too declined by 9 per cent to $40.29 billion in June 2019 against $44.3 billion in June 2018 mainly due to falling prices of petroleum products
 "Exports fall 9.71% to $25 bn in June; trade deficit lowers to $15.28 bn")
GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman
In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance
 "GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman")