Page 2288 - Economy & Policy News
India ready to deal with impact of US sanctions on Iran: Govt spokesperson
India was Iran's top oil client after China
 "India ready to deal with impact of US sanctions on Iran: Govt spokesperson")
India's manufacturing in April grew at slowest pace since Aug 2018: PMI
April PMI data indicated that softer increase in new orders restricted growth of output, employment and business sentiment
 "India's manufacturing in April grew at slowest pace since Aug 2018: PMI")
India's factory growth hits 8-month low in April amid election caution: PMI
Optimism among manufacturing firms ebbed in April as they remain concerned about what policies the new government will adopt when it takes office by end-May
 "India's factory growth hits 8-month low in April amid election caution: PMI")
Weddings, lower prices to lift India's gold demand in June quarter: WGC
The report forecast India's gold consumption in 2019 at 750 to 850 tonnes, from 760.4 tonnes last year and a 10-year average of 838 tonnes, the WGC said
 "Weddings, lower prices to lift India's gold demand in June quarter: WGC")
Explainer: Who are JeM and what is diplomatic wrangle about Masood Azhar?
A UN Security Council committee blacklisted the head of the Pakistan-based militant group Jaish-e-Mohammed (JeM), Masood Azhar, on Wednesday
 "Explainer: Who are JeM and what is diplomatic wrangle about Masood Azhar?")
Shaktikanta Das: Seen as safe no matter who wins vote
The probability of Shaktikanta Das continuing and completing the tenure should be extremely high
 "Shaktikanta Das: Seen as safe no matter who wins vote")
When finding a job became a nightmare in Bengaluru after note ban, GST
At the Kurubarahalli labour hub, most workers echoed support for the Congress, believing that the job situation would improve if the party is voted to power in the ongoing 2019 general elections
 "When finding a job became a nightmare in Bengaluru after note ban, GST")
Private firms object to HAL's tender for naval utility helicopters
HAL's surprise bid in the Naval Utility Helicopter tender throws up important issues. A two-part series addresses the policy dilemma
 "Private firms object to HAL's tender for naval utility helicopters")
April GST collections at new high despite rate rationalisation in December
Rs 1 trillion exceeded for third month since Jan, with 10% growth over a year; experts cite rising tax base as driver
 "April GST collections at new high despite rate rationalisation in December")
Cotton import may rise 80% this year due to drought in major growing states
Quality of output is another nagging issue, as the raw cotton produced this year cannot be used by spinning mills
 "Cotton import may rise 80% this year due to drought in major growing states")
TRAI pulls up DTH, cable operators for not complying with new tariff order
Four distribution platform operators have been asked to follow Trai's directions regarding migration of customers with long-term packs
 "TRAI pulls up DTH, cable operators for not complying with new tariff order")
Indirect tax board asks officials to file review pleas on export scheme
Two courts - the Gujarat High Court and the Madurai Bench of the Madras High Court - have given conflicting orders on the issue
 "Indirect tax board asks officials to file review pleas on export scheme")
UPI volume dips 2% to 782 mn in April, value of transactions up 6%: NPCI
Local players such as Paytm and PhonePe have been competing for market share in the digital payments space, facing stiff competition from global giants Google and WhatsApp
 "UPI volume dips 2% to 782 mn in April, value of transactions up 6%: NPCI")
Less than seven days of coal stock at country's 23 power plants: CEA data
Of the 23, nearly 10 receive their fuel supply from SECL, the country's largest coal production company
 "Less than seven days of coal stock at country's 23 power plants: CEA data")
LPG, ATF prices hiked for third time this year on firming global rates
LPG prices were hiked 28 paisa per cylinder
 "LPG, ATF prices hiked for third time this year on firming global rates")
Banks loosen purse strings for corporate sector; lending picks up in FY19
In FY17, credit to the industry witnessed de-growth of 1.9%, and on that base, credit grew 0.8% in FY18
 "Banks loosen purse strings for corporate sector; lending picks up in FY19")
Iraq remains India's top oil supplier in FY19, imports from US up 4-folds
Saudi Arabia has traditionally been India's top oil source, but it was for the first time dethroned by Iraq in 2017-18 fiscal year
Ayurveda enters mainstream as insurers are willing to pay for treatment
Today, covers for alternative therapies can be availed at 68 accredited hospitals, provided they are combined with modern medicine and are under strict supervision
 "Ayurveda enters mainstream as insurers are willing to pay for treatment")
GST collection scales all-time high of Rs 1.13 trillion in April
The collection last month has been the highest since introduction of GST and also reflects 10.05 per cent growth over April 2018, when the collection was Rs 1,03,459 cr
 "GST collection scales all-time high of Rs 1.13 trillion in April")
Niti Aayog adopts UP's 'digital land' model for pan-India replication
Centre sets up technical steering paneleto study model, prepare by-laws; UP's system speeds up process of land sorting and analysis and supports faster resolution of land disputes and court cases
 "Niti Aayog adopts UP's 'digital land' model for pan-India replication")