Page 590 - Economy & Policy News
Nitin Gadkari to launch Bharat New Car Assessment Programme tomorrow
The programme aims to provide a tool to the car customers to make a comparative assessment of crash safety of motor vehicles available in the market
 "Nitin Gadkari to launch Bharat New Car Assessment Programme tomorrow")
Govt's analgesic for inflation: Steps to alleviate price rise in pipeline
If the monsoon season does not undergo a substantial revival, there could be added pressure on prices, especially if the standing kharif crop begins to deteriorate
 "Govt's analgesic for inflation: Steps to alleviate price rise in pipeline")
Banks, finance companies expect robust festive season credit offtake
Little room for rate-cut wars; tight screening to stay
 "Banks, finance companies expect robust festive season credit offtake")
Lenders need to make software tweaks, borrower engagement for RBI Rules
Mere communication of rules for reset and choice fixed rates via channels including email would not be enough
 "Lenders need to make software tweaks, borrower engagement for RBI Rules")
Employment in India registered V-shaped recovery post-pandemic: Former CEA
Krishnamurthy V Subramanian also called to cease the use of CMIE data on employment in India till the flaws in its survey methodology are fixed
 "Employment in India registered V-shaped recovery post-pandemic: Former CEA")
India, Asian decision on review of FTA in goods expected tomorrow
India has asked for the review of the agreement with an aim to eliminate barriers and misuse of the ASEAN India Trade in Goods Agreement, which came into effect on January 1, 2010
 "India, Asian decision on review of FTA in goods expected tomorrow")
Paper, paperboard imports surges 39% to 409,000 tonnes in Apr-Jun qtr
In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms
 "Paper, paperboard imports surges 39% to 409,000 tonnes in Apr-Jun qtr")
FTA talks: Treaty to figure prominently during UK's high-level team visit
UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations at the Department for Business and Trade (DBT) Amanda Brooks are visiting India this week
 "FTA talks: Treaty to figure prominently during UK's high-level team visit")
Vegetable prices likely to cool down next month, says FinMin official
The official further said that reduction in excise duty is not on cards and the government is driving infrastructure investment, and private sector capital investment is yet to gather steam
 "Vegetable prices likely to cool down next month, says FinMin official")
CBDT notifies rules for valuing rent-free homes provided by employers
"The categorisation and the limits of cities and population have now been based on the 2011 census as against the 2001 census earlier," the income tax department said
 "CBDT notifies rules for valuing rent-free homes provided by employers")
Framework in works to make GIFT City global hub for accounting: Sitharaman
Nirmala Sitharaman also emphasised using the maximum potential of the Indian International Bullion Exchange IFSC (IIBX) -- launched here in 2022 -- in ensuring disintermediation
 "Framework in works to make GIFT City global hub for accounting: Sitharaman")
Govt aims to raise capacity of ports four-fold to 10K MTPA by 2047: Sonowal
The Union minister also talked about India's growing maritime stature and the upcoming Global Maritime India Summit 2023
 "Govt aims to raise capacity of ports four-fold to 10K MTPA by 2047: Sonowal")
Centre imposes 40% export duty on onion to improve local supplies
The export duty comes amid reports that onion prices are likely to rise in September
 "Centre imposes 40% export duty on onion to improve local supplies")
Number of registered Startups in TN tripled in two years: CM Stalin
Due to the consistent efforts taken after coming to power, their number almost tripled over two years, rising to 6,800, Stalin said
 "Number of registered Startups in TN tripled in two years: CM Stalin")
Income Tax dept operationalises board for Advance Rulings in Delhi, Mumbai
According to the CBDT release, these Boards started functioning through e-mail-based procedures and conducting hearing through video conferencing
 "Income Tax dept operationalises board for Advance Rulings in Delhi, Mumbai")
80% of arable land in 8 J'khand districts lying fallow due to scanty rains
The state had recorded 30.83 per cent coverage till August 18 in 2022
 "80% of arable land in 8 J'khand districts lying fallow due to scanty rains")
At 36.1 mn hectares, India plants 4.3% more land with rice than last year
Higher rice planting in India, the world's second biggest producer of the grain, could alleviate concerns about supplies of the staple
 "At 36.1 mn hectares, India plants 4.3% more land with rice than last year")
Dollar set for fifth straight week of gains as China stays top of mind
The People's Bank of China (PBOC) set a much stronger-than-expected daily fixing, lifting the yuan from a 9-month low hit on Thursday
 "Dollar set for fifth straight week of gains as China stays top of mind")
Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks
Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management
 "Oil up 1% on signs of slow US output, posts first weekly loss in 8 weeks")
With effective market intervention, Kerala has lowest inflation: CM Vijayan
The inflation rate is also the lowest among the states, he said amid concerns about rising prices nationwide
 "With effective market intervention, Kerala has lowest inflation: CM Vijayan")