Page 2274 - Economy & Policy News
Challenges galore for Jal Shakti, the newest ministry set up by Modi govt
From 70% of the country's water said to be contaminated, to a looming water crisis in 21 cities, there is a long list of issues that the Jal Shakti ministry will have to address
 "Challenges galore for Jal Shakti, the newest ministry set up by Modi govt")
Growth of 8 core sector industries slows to 2.6% in April
Coal generation growth was flat at 2.8 pet cent in April 2019, said the government data.
 "Growth of 8 core sector industries slows to 2.6% in April")
Unemployment rate at 6.1% in 2017-18, highest in 45 years: Govt data
The data released by the labour ministry on a day when Modi 2.0 Cabinet took charge, showed 7.8 per cent of all employable urban youth being jobless
 "Unemployment rate at 6.1% in 2017-18, highest in 45 years: Govt data")
GDP growth slips to 5.8% in Q4, stands at 5-year low of 6.8% in full FY19
FY19 fiscal defict at Rs 6.45 trillion, or 3.4 per cent of GDP; April core sector growth slows to 2.6%; FY18 unemployment rate at 6.1 per cent
Centre moves against quashing of land acquired for Salem-Chennai corridor
The high court's order had come on a batch of petitions filed by 35 land owners and PMK leader Anbumani Ramadoss. The pleas had challenged the land acquisition proceedings
 "Centre moves against quashing of land acquired for Salem-Chennai corridor")
Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19
In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 trillion as against Rs 6.34 trillion in the revised estimates of Budget
 "Govt meets its interim budget fiscal deficit target of 3.4% for 2018-19")
Why giving Gadkari the MSME ministry may be a most inspired decision
The MSME sector, despite its potential, defies a single solution. Yet, there is no doubt that if India has any hope to get a strong handle for growth of employment, this is the sector to look to
 "Why giving Gadkari the MSME ministry may be a most inspired decision")
Full list: Meet Narendra Modi's cabinet ministers, ministers of state
Following is the list of portfolios allocated to Cabinet ministers and Ministers of State (Independent charge)
 "Full list: Meet Narendra Modi's cabinet ministers, ministers of state")
Amit Shah gets Home, Rajnath to be Defence Minister, Jaishankar to be EAM
Nirmala Sitharaman will be the new Finance and Corporate Affairs minister while Nitin Gadkari will continue to be the Minister for Road Transport and Highways.
 "Amit Shah gets Home, Rajnath to be Defence Minister, Jaishankar to be EAM")
Land, labour, privatisation: Big bang reforms soon, says NITI Aayog VC
Modi and his Bharatiya Janata Party (BJP) were last week declared landslide winners of India's general election with an increased majority in the Lok Sabha
 "Land, labour, privatisation: Big bang reforms soon, says NITI Aayog VC")
A complete overhaul: Prime Minister Narendra Modi's new economic team
At the Cabinet level alone, there are as many as nine changes from the team that was at the helm of the government during Mr Modi's first five-year tenure
 "A complete overhaul: Prime Minister Narendra Modi's new economic team")
Burning tyres: the murky oil business polluting India and parts of Asia
A report commissioned by Indian environmental rights group SAFE last year said at one site in Jokhabad, carbon fumes and sludge were so bad that monkeys in the surrounding area had black faces and fur
 "Burning tyres: the murky oil business polluting India and parts of Asia")
US suspension of trade programme with India 'a done deal', says US official
President Trump announced in March he would end India's access to the decades-old Generalized System of Preferences (GSP) trade program over what the U.S. said was lack of access to India's market
 "US suspension of trade programme with India 'a done deal', says US official")
Employee base is biggest cause of moderation in biz sentiment: Report
Negative sentiment grew in terms of employee base in both manufacturing and services sectors
 "Employee base is biggest cause of moderation in biz sentiment: Report")
Rs 21,738-crore naval helicopters to be new govt's first defence buy
The OEMs that have responded include Lockheed Martin, Airbus and Bell Helicopters
 "Rs 21,738-crore naval helicopters to be new govt's first defence buy")
Drought dries up cattle economy in Gujarat, lack of water hits crops
In Gujarat, of the 12.5 million hectare of area under cultivation, while six million is dependent on rainfall, two million is covered by groundwater, a bulk of which is said to be in north Gujarat
 "Drought dries up cattle economy in Gujarat, lack of water hits crops")
Govt likely to adopt Bank of Baroda-like model of merger for PSBs
The central government has to consult the RBI before formulating a plan for PSB merger
 "Govt likely to adopt Bank of Baroda-like model of merger for PSBs")
Investment rate tipped to rise to 29% of GDP on government spending
A report by CARE Ratings shows investments would be fuelled by government spends on infrastructure
 "Investment rate tipped to rise to 29% of GDP on government spending")
Companies pitch for GST rate cut as Modi govt takes charge second time
Durable, automobile and real estate players have been lobbying hard for a tax cut, saying it will boost demand
 "Companies pitch for GST rate cut as Modi govt takes charge second time")
India to grow by 6.5 pc in Q4 , says FICCI, CSO to release data on Friday
Ficci said survey has put forth an annual median GDP growth forecast for 2019-20 at 7.1 per cent and the projection for fiscal 2020-21 has been put at 7.2 per cent
 "India to grow by 6.5 pc in Q4 , says FICCI, CSO to release data on Friday")