Page 631 - Economy & Policy News
Govt likely to cut import duty if needed to cool down wheat prices
The maximum intervention that the FCI has undertaken through open market sales in the past few years hasn't been more than 7 mt in a fiscal year
 "Govt likely to cut import duty if needed to cool down wheat prices")
PM Modi's visit: From seas to stars, technology seals India-US ties
'Technology' mentioned 44 times in the joint statement, up from five in 2020
 "PM Modi's visit: From seas to stars, technology seals India-US ties")
India, Australia may conclude talks for comprehensive trade deal by Dec
Both sides have already had three rounds of negotiations, during February-June. The fourth round is scheduled in July 2023
 "India, Australia may conclude talks for comprehensive trade deal by Dec")
NPS adoption by central public sector enterprises declines slightly in Apr
The NPS data showed the new subscribers under the state governments fell by 42 per cent to 38,909 in April from 66,640 in March
 "NPS adoption by central public sector enterprises declines slightly in Apr")
Rs 31,000-crore govt bond auction sees firm demand on short covering
The Reserve Bank of India set the cut-off price on the 7.41%, 2036 bond at Rs 101.90, against the market expectation of around Rs 101.83
 "Rs 31,000-crore govt bond auction sees firm demand on short covering")
Govt eases policy related to export of certain types of drones, UAVs
The commerce ministry's arm DGFT said the export of drones/Unmanned Aerial Vehicles (UAVs) of certain specifications would be allowed under the General Authorization for Export of Drones
 "Govt eases policy related to export of certain types of drones, UAVs")
Outward remittances under LRS scheme fall slightly in April to $2.33 bn
However, on a year-on-year (YoY) basis, outward remittances under LRS in April were up 15.23 per cent
 "Outward remittances under LRS scheme fall slightly in April to $2.33 bn")
India, US sign MoU to establish collaboration in greener railways
Broad tenets of the agreement include long-term energy planning including clean energy for Indian Railways
 "India, US sign MoU to establish collaboration in greener railways")
US, India to pursue energy transition goals, to set up investment platform
The US also welcomed India's decision to co-lead the multilateral Hydrogen Breakthrough Agenda
 "US, India to pursue energy transition goals, to set up investment platform")
India's forex reserves jump $2.35 billion to $596 billion, shows RBI data
The overall reserves had dropped by USD 1.318 billion to USD 593.749 billion in the previous reporting week
 "India's forex reserves jump $2.35 billion to $596 billion, shows RBI data")
India-US to end six outstanding WTO disputes in move to boost economic ties
Both sides will notify WTO's dispute settlement panel within a month that disputes are being bilaterally resolved and urge it to withdraw three cases each, slapped against each other
 "India-US to end six outstanding WTO disputes in move to boost economic ties")
Back to office isn't working well for women, attrition rates show
Maximum attrition seen in women in the 30-40 age group, experts say
 "Back to office isn't working well for women, attrition rates show")
US, India to build payment security system to put 10,000 e-buses on roads
Move will boost India's focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying global supply chain
 "US, India to build payment security system to put 10,000 e-buses on roads")
MSCI maintains status quo on Korea, will study country's reforms
Reclassification from 'emerging' to 'developed market' will not just help Korea but India too
 "MSCI maintains status quo on Korea, will study country's reforms")
Govt starts process to fund state refiners' green goals via equity: Reports
The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues
 "Govt starts process to fund state refiners' green goals via equity: Reports")
New electricity tariff rules to make bills cheaper during solar hours
Tariffs during solar hours of the day will be 10-20% lower than the normal tariff, said the Ministry of Power
 "New electricity tariff rules to make bills cheaper during solar hours")
Shrinking of sarkari naukri: Why it's empty chairs in central govt jobs
Ministries and departments are hardly recruiting, but is that helping save costs?
 "Shrinking of sarkari naukri: Why it's empty chairs in central govt jobs")
India's steel production rises 4.1% in May, global output falls 5%
Despite a 7.3 per year-on-year (y-o-y) fall, China remained the top steel producing country in May with 90.1 MT crude steel production, worldsteel data showed
 "India's steel production rises 4.1% in May, global output falls 5%")
India to cut power tariff during solar hours, raise for peak hours
The system is expected to reduce demand on the grid during peak times when many Indian households crank up their use of airconditioning after work
 "India to cut power tariff during solar hours, raise for peak hours")
US welcomes agreement with India to end tariffs on American apples
In 2018, US imposed 25% and 10% import duties on steel and aluminium products respectively on grounds of national security. In retaliation, India imposed customs duties on 28 American products
 "US welcomes agreement with India to end tariffs on American apples")