Page 2576 - Economy & Policy News
Public grievances jump seven-fold, touch 1.6 million mark, says govt
Minister Jitendra Singh said that almost all central ministries have adopted the grievance redressal mechanism, but some states are lagging behind in this regard
 "Public grievances jump seven-fold, touch 1.6 million mark, says govt")
Most productive monsoon session since 2000, LS worked 110%: Think tank
PRS Legislative Research says 20 bills were introduced, 12 passed; Rajya Sabha worked for 66% of scheduled hours
 "Most productive monsoon session since 2000, LS worked 110%: Think tank")
Odisha ready to auction 17-18 mineral blocks, says Union mines secretary
State has auctioned three iron ore blocks and a few limestone deposits. Essar Steel, Bhushan Steel and Bhushan Power & Steel have emerged as successful bidders in online auctions of three iron ore blo
 "Odisha ready to auction 17-18 mineral blocks, says Union mines secretary")
Section 377: Why its abrogation should vest with Parliament, not the courts
Since it was the Parliament under Nehru that ruled on Hindu Code Bills, it is the right forum to repeal Section 377; Further, the Supreme Court itself has twice iterated its authority on personal law
 "Section 377: Why its abrogation should vest with Parliament, not the courts")
India, Switzerland discuss 'automatic exchange' of black money information
The MEA said both sides also reviewed the progress on trade and economic partnership agreement which India and the European free trade area countries are currently negotiating
 "India, Switzerland discuss 'automatic exchange' of black money information")
LS adjourns sine die as 'productive and satisfactory' monsoon session ends
As many as 62 reports of Parliamentary Standing Committees were tabled, while 128 private members bills were introduced during the session
 "LS adjourns sine die as 'productive and satisfactory' monsoon session ends")
GST compensation of Rs 520 bn paid to states/UTs in 11 months: Govt
Under GST, Centre has to compensate states/UTs for loss of their revenue on account of implementation of the new indirect tax regime
 "GST compensation of Rs 520 bn paid to states/UTs in 11 months: Govt")
LS passes arbitration bill, govt says it's a 'momentous' legislation
The amendments will facilitate achieving the goal of improving institutional arbitration by establishing an independent body to lay down standards, make arbitration process more friendly
 "LS passes arbitration bill, govt says it's a 'momentous' legislation")
From Banarasi saris to Kanpur leather, UP crafts industry gets Amazon boost
Amazon India and the Yogi Adityanath govt signed an MoU to help the state's MSME entrepreneurs at the 'One District, One Product' summit
 "From Banarasi saris to Kanpur leather, UP crafts industry gets Amazon boost")
No licensee has yet confirmed vacation of 3,300-3,400 MHz spectrum: Govt
The government is planning to auction the above spectrum band for providing access service
 "No licensee has yet confirmed vacation of 3,300-3,400 MHz spectrum: Govt")
Industrial output grows 7% in June on mining, manufacturing, power show
The cumulative growth for the period April-June 2018 stands at 5.2 per cent over the corresponding period of the previous year.
 "Industrial output grows 7% in June on mining, manufacturing, power show")
No proposal to withdraw pink Rs 2,000 notes, says govt in Lok Sabha
RBI introduced Rs 2,000 notes following the demonetisation of high-value Rs 500 and Rs 1,000 notes in November 2016
India to probe subsidised stainless steel imports from China, Vietnam
The Directorate General of Trade Remedies, which falls under the trade ministry, said there was "prima facie" evidence of subsidies that were hurting the domestic industry
 "India to probe subsidised stainless steel imports from China, Vietnam")
Using biofuels, India aims to cut oil import bill by Rs 120 billion: Modi
The govt plans to invest Rs 100 billion and would build 12 biofuel refineries
 "Using biofuels, India aims to cut oil import bill by Rs 120 billion: Modi")
Lok Sabha okays bill allowing overseas electors to cast votes through proxy
There are about 31 million NRIs living in different countries across the world
 "Lok Sabha okays bill allowing overseas electors to cast votes through proxy")
Modi govt's ad spend could feed 46 million children mid-day meal for a year
The BJP-led government spent Rs 4,880 crore ($753.99 million) on advertising its flagship schemes in the 52 months between April 2014 and July 2018
 "Modi govt's ad spend could feed 46 million children mid-day meal for a year")
In India's economic pick-up, who's leading the pack and who's losing out?
Almost 60% of GDP comes from private spending with the pick-up helping to fuel growth of more than 7% this year, making India the world's fastest-growing major economy
 "In India's economic pick-up, who's leading the pack and who's losing out?")
Nothing called partial defaulters, IBC must apply equally to all: RBI
The Centre in its submission to the Allahabad High Court in July sought regulatory relief and time extension for close to dozen power projects with debt exposure of around Rs 1 trillion
 "Nothing called partial defaulters, IBC must apply equally to all: RBI")
Second tranche of oil fields on offer, Vedanta to get 41 OALP blocks: Govt
Dharmendra Pradhan said the government will be signing contracts for the first round of Open Acreage Licensing Policy (OALP) in a week's time
 "Second tranche of oil fields on offer, Vedanta to get 41 OALP blocks: Govt")
India's online retail market is a $50 bn opportunity waiting to be realised
Indian online shoppers spent an average of $224 in 2017, which was less than a tenth of what the average user spent online in the US at $2,237 in the same year
 "India's online retail market is a $50 bn opportunity waiting to be realised")