Page 2523 - Economy & Policy News
At Rs 5.91 trn, India's April-Aug fiscal deficit at 94.7% of annual target
The data furnished by the Controller General of Accounts (CGA) showed that the fiscal deficit during the corresponding five months of the previous fiscal was 96.1%
 "At Rs 5.91 trn, India's April-Aug fiscal deficit at 94.7% of annual target")
ADB approves $500 mn for Tamil Nadu water supply, sewerage, drainage infra
The first tranche of the programme amounting to $169 mn will target the cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore
 "ADB approves $500 mn for Tamil Nadu water supply, sewerage, drainage infra")
Govt to get ADB report on coastal shipping issues, remedies by December
Govt also discussing a tie-up to allow Indian cargo to go through rivers in Bangladesh territory
 "Govt to get ADB report on coastal shipping issues, remedies by December")
India eases oil import rules for state refiners as it seeks to cut costs
The move will help refiners in Iran's second biggest oil market to boost purchases from alternative sources as Trump prepares to halt Iranian oil sales through a new set of sanctions from Nov. 4
 "India eases oil import rules for state refiners as it seeks to cut costs")
FM Arun Jaitley hits out at Rajan for MSME banking crisis statement
Rajan in a note to a parliamentary committee had warned against ambitious credit targets and loan waivers
 "FM Arun Jaitley hits out at Rajan for MSME banking crisis statement")
FDI in telecom sector jumped five times in three years: Manoj Sinha
FDI would be the key to unleash the full potential of upcoming technologies like M2M, machine learning, artificial intelligence and internet of things, he says
 "FDI in telecom sector jumped five times in three years: Manoj Sinha")
Govt announces states' financial inclusion index, easy online MSME loans
Jaitley said the financial inclusion index would create an element of competition among states with each of them vying for last-mile connectivity in banking
 "Govt announces states' financial inclusion index, easy online MSME loans")
10% drop in margin for seafood shippers this year on lower American demand
Impact of declining demand is visible already, with international shrimp prices shedding 7% y-o-y between December 2017 and February 2018
 "10% drop in margin for seafood shippers this year on lower American demand")
EU ambassador rules out possibility of a ban on Indian shrimp imports
There was growing concern that the EU was seriously worried over the use of antibiotics in Indian shrimps- a fact that surfaced continuously in its findings
 "EU ambassador rules out possibility of a ban on Indian shrimp imports")
New policy seeks $100-bn FDI in telecom space by 2022: Manoj Sinha
The new telecom policy is likely to be placed before the Cabinet for approval on Wednesday, according to official sources
Misplaced priorities? DMF funds in Odisha fail to benefit mining-affected
According to a report by an NGO, "The trends prove that DMF is deviating from its people-centric objective and is failing to serve the intended beneficiaries"
 "Misplaced priorities? DMF funds in Odisha fail to benefit mining-affected")
Post UP win, BJP to recast its image as a pro-poor party
These moves are aimed at maintaining pro-poor image till 2019 Lok Sabha elections
 "Post UP win, BJP to recast its image as a pro-poor party")
If not for tensions, India-Pakistan trade could touch $37 bn: World Bank
Continued political tensions and lack of normal trade relations between India and Pakistan have cast a shadow over cooperation efforts within South Asia
 "If not for tensions, India-Pakistan trade could touch $37 bn: World Bank")
Within a matter of months, we were able to stabilise GST: Jaitley in LS
He said the Modi government remains committed to fiscal prudence and demonstrated it by bringing down fiscal deficit from 3.9%
 "Within a matter of months, we were able to stabilise GST: Jaitley in LS")
Do you think Modi will win if LS polls are held within 100 days? Find out
The first and foremost argument is a declining trend in the BJP's electoral performance since 2014
 "Do you think Modi will win if LS polls are held within 100 days? Find out")
Data is India's next political battleground to target voters in 2019 polls
Much of the criticism of government's last data revision rests on the fact that India economy's suddenly appeared to be booming, and economists found it difficult to compare data over longer periods
 "Data is India's next political battleground to target voters in 2019 polls")
Jaitley asks PSBs to take effective action against frauds, wilful defaults
Reviewing the performance of state-owned lenders, he exuded confidence that formalisation of the economy would help India achieve sustainable growth of 8 per cent
 "Jaitley asks PSBs to take effective action against frauds, wilful defaults")
Petro-products in GST ambit only after consensus: Arun Jaitley
He also sought to know why the prices of petrol and diesel did not decline with a fall in the global crude prices
 "Petro-products in GST ambit only after consensus: Arun Jaitley")
Renewables may account for 18% of total power generation by 2022: Moody's
According to the agency, renewable energy's share in the electricity generation mix is likely to rise to around 18 per cent by 2022, from close to 7.8 per cent as of March 2018
 "Renewables may account for 18% of total power generation by 2022: Moody's")
Petrol price hiked by Rs 0.14 per litre, diesel by Rs 0.10 per litre
The increase in price of petrol and diesel in Delhi is consequent to the increase in Dealer Commission on Petrol and Diesel
 "Petrol price hiked by Rs 0.14 per litre, diesel by Rs 0.10 per litre")