Page 2298 - Economy & Policy News
Unutilised defence budget mustn't go to consolidated fund: Sitharaman
The long-term perspective plan (in defence sector) is becoming a rolling long-term perspective plan," she said
 "Unutilised defence budget mustn't go to consolidated fund: Sitharaman")
Banks need to upgrade their PoS as 2G phases out: Telecom dept
The Institute for Development and Research in Banking Technologies unveiled a White Paper on '5G Applications for Banking and Financial Services'
 "Banks need to upgrade their PoS as 2G phases out: Telecom dept")
NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal
In 2018-19, the PSU major signalled intentions of abandoning coal-based projects amounting to 9.3 Gw in Andhra Pradesh, West Bengal and Odisha
 "NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal")
February industrial output growth at 0.1%; March CPI at 2.86%
During April-February 2018-19, industrial output grew at 4 per cent as against 4.3 per cent in the same period of the previous fiscal
 "February industrial output growth at 0.1%; March CPI at 2.86%")
Debt-laden Maharashtra To Spend Its Way Out of Farm Crisis
Maharashtra's debt, according to the state budget, is Rs 3,00,477 crore ($48 billion), an increase of 10.5% over last year
 "Debt-laden Maharashtra To Spend Its Way Out of Farm Crisis")
Stressed power assets set to amplify unemployment crisis: Study
Report forecasts that if a significant volume of India's coal-fired capacity turns stranded, the phenomenon could affect labour directly or indirectly linked to the coal value chain
 "Stressed power assets set to amplify unemployment crisis: Study")
Climbing oil prices put India's benign inflation outlook at risk
Data due Friday will probably show headline inflation quickened to 2.8 per cent last month from 2.5 per cent in February
 "Climbing oil prices put India's benign inflation outlook at risk")
Infrastructure or healthcare: Where did MPs spend funds in India?
Infrastructure projects were the top picks for MPs, with 40% of the total funds spent on the development of railways, roadways, pathways and bridges
 "Infrastructure or healthcare: Where did MPs spend funds in India?")
Unemployment in 11 states exceeds national average, shows NSSO report
Four new states joined the list in 2017-18; joblessness rate rose fastest in Gujarat: NSSO
 "Unemployment in 11 states exceeds national average, shows NSSO report")
Banks Board Bureau pushes for governance reforms in public sector banks
The BBB has told the government to improve the operative environment and selection process for filing up post of directors on PSB boards to "attract the best board-level talent"
 "Banks Board Bureau pushes for governance reforms in public sector banks")
How China's expanding global footprint is affecting World Bank and IMF
The concern is how China is expanding its global footprint, often entangling resource-rich but poor nations, by multi-million dollar loans that can be never repaid
 "How China's expanding global footprint is affecting World Bank and IMF")
India brings down trade deficit with China by $10 billion in 2019
Sources said India's exports to China rose to $17 billion during the year from $13 billion during 2017-18, while imports declined to $70 billion from $76 billion
 "India brings down trade deficit with China by $10 billion in 2019")
India says it's no tariff king, US also charges higher duty on some items
The US charges high tariffs on several items such as tobacco at 350 per cent, peanuts at 163.8 per cent, footwear at 48 per cent, shoes at 32 per cent
 "India says it's no tariff king, US also charges higher duty on some items")
US seeks huge tariff concessions to restore trade benefits to India
Sources said while revenues foregone by India would be $190-240 million a year, Washington is asking for tariff concessions in IT products amounting to $3.2 billion
 "US seeks huge tariff concessions to restore trade benefits to India")
Cash-strapped BSNL likely to receive 4G spectrum in revival package
The telco would be allotted 2100 MHz band at market price
 "Cash-strapped BSNL likely to receive 4G spectrum in revival package")
Sugar mills owe $4.38 billion to cane growers who are unpaid from a year
The unpaid dues affect growers in the key cane-producing states of Uttar Pradesh, Maharashtra, Bihar, Punjab, Haryana and Karnataka
 "Sugar mills owe $4.38 billion to cane growers who are unpaid from a year")
India has scope for reducing untargeted food, fertiliser subsidies: IMF
'There is a lot of scope for enhancing revenue administration'
 "India has scope for reducing untargeted food, fertiliser subsidies: IMF")
India should bolster capitalisation of govt-owned banks to tackle NPAs: IMF
Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department of the IMF, said that there continues to be a high stock of Non-performing Assets in India.
 "India should bolster capitalisation of govt-owned banks to tackle NPAs: IMF")
Trick or treat? EU, UK agree to delay Brexit until Halloween
Leaders of the 27 remaining EU member states met for more than six hours before agreeing after midnight to postpone Brexit until October 31.
 "Trick or treat? EU, UK agree to delay Brexit until Halloween")
Mumbai expects 20% salary hike, Bengaluru's IT staff expect least increment
Bengaluru observed that 21 per cent people expect appraisals in the range of up to 10 per cent hike
 "Mumbai expects 20% salary hike, Bengaluru's IT staff expect least increment")