Page 2716 - Economy & Policy News
Essar Oil picks Trafigura, BP for $1 bn oil-backed loan of refined products
The sources said that Trafigura and BP were jointly working to structure and then syndicate the loan with banks in the next few weeks
 "Essar Oil picks Trafigura, BP for $1 bn oil-backed loan of refined products")
Govt introduces bill in Lok Sabha to ban unregulated deposit schemes
The bill is aimed at tackling the menace of illicit deposit-taking activities in the country
 "Govt introduces bill in Lok Sabha to ban unregulated deposit schemes")
The futility of demonetisation: Cash is back, and with a vengeance
In less than 15 months, the currency in circulation has exceeded the amount held when demonetisation was done
 "The futility of demonetisation: Cash is back, and with a vengeance")
India scraps 20% sugar export tax to boost overseas sale, cut inventory
India is likely to produce a record 29.5 million tonnes of sugar in the 2017/18 season that ends on September 30
 "India scraps 20% sugar export tax to boost overseas sale, cut inventory")
CITU calls for strike seeking regulations on taxi aggregator business
The Union has conducted one-day strike twice since the beginning of this year and on Tuesday, it has also called for the drivers working with the online aggregators to join the protest
 "CITU calls for strike seeking regulations on taxi aggregator business")
New rural index shows early signs of recovery from drought-driven slump
A slew of govt measures is driving sector's revival; however, demonetisation has worked as a speed bump
 "New rural index shows early signs of recovery from drought-driven slump")
Print generic drug names two font sizes bigger than brand, says govt
The latest order is in line with government's push for affordable medicines
 "Print generic drug names two font sizes bigger than brand, says govt")
Govt okays 24 sericulture projects, aims to make silk sector self-reliant
Newly approved projects to boost raw silk output by 2,285 tonnes; plans are to stop imports completely by 2022
 "Govt okays 24 sericulture projects, aims to make silk sector self-reliant")
Big hype, little allocation: How flagship Modi schemes are starved of cash
A parliamentary report warns that Modi's 'well-meaning' projects 'will remain a distant dream' if they receive only 'meager' funds
 "Big hype, little allocation: How flagship Modi schemes are starved of cash")
Govt may have to settle for lower dividend income from PSUs in FY19
Rising oil prices, diminishing cash pile to limit capacity in 2018-19
 "Govt may have to settle for lower dividend income from PSUs in FY19")
Draft agricultural export policy targets ambitious growth, stable regime
The door has been kept open for restrictions on commodities considered essential for food security
 "Draft agricultural export policy targets ambitious growth, stable regime")
Maharashtra bans plastic: Beverage, dairy firms plan new packaging plans
The western state is among the largest generators of plastic waste in the country at 30%
 "Maharashtra bans plastic: Beverage, dairy firms plan new packaging plans")
Global trade climate has grown risky, says WTO chief Roberto Azevedo
The recent tussle between member-nations over the dispute settlement system at the multilateral body also has to be addressed
 "Global trade climate has grown risky, says WTO chief Roberto Azevedo")
Unrealistic to expect GST to settle down in less than 10 yrs: Bibek Debroy
On direct taxes front, the NITI Aayog member made a case for removal with exemptions which he said was on government agenda
 "Unrealistic to expect GST to settle down in less than 10 yrs: Bibek Debroy")
India has not signed any free trade agreement in last 3 yrs: Govt
India and Chile have also expanded the existing PTA to include new products
 "India has not signed any free trade agreement in last 3 yrs: Govt")
At 56%, rural teledensity and broadband target lag way behind Urban India
Broadband connectivity to villages has been lagging, with delay in laying of an optical fibre network up to gram panchayats
 "At 56%, rural teledensity and broadband target lag way behind Urban India")
Predatory pricing: No turf war between Trai and CCI, says Devendra Sikri
Trai had earlier introduced a new formula to identify predatory pricing
 "Predatory pricing: No turf war between Trai and CCI, says Devendra Sikri")
Relief for telecom sector as DoT increases cap for spectrum payments
Before this amendment, a portion of spectrum auction amount used to be taken as upfront payment by DoT and the balance, after a 2-year moratorium, was paid out every year
 "Relief for telecom sector as DoT increases cap for spectrum payments")
CBEC to verify GST transitional credit claims of 50,000 taxpayers
One-third of remaining claims of 50,000 taxpayers will be verified in each of the three phases - July-September, October-December and January-March (2019)
 "CBEC to verify GST transitional credit claims of 50,000 taxpayers")
General insurers to see higher motor TP sales after Irdai's rate revision
For private cars whose engine capacity does not exceed 1,000cc, the regulator has proposed to decrease the premium to Rs 1,850 for 2018-19, from Rs 2,055 in 2017-18
 "General insurers to see higher motor TP sales after Irdai's rate revision")