Page 680 - Economy & Policy News
Deal activity declines 35% to $9.7 bn in March 2023 quarter: Report
The main reason for the poor show was the tepid IPO market, which plunged to USD 84.4 million from USD 1 billion in Q1 of 2022
 "Deal activity declines 35% to $9.7 bn in March 2023 quarter: Report")
Govt launches Sangathan se Samridhhi to mobilise 100 mn women into SHGs
The primary goal of the campaign is to mobilise disadvantaged rural communities unaware of the benefits of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission
 "Govt launches Sangathan se Samridhhi to mobilise 100 mn women into SHGs")
Nearly 6,800 acre land acquired for $12.2 bn in 2018-22 for projects: CBRE
The activity has especially accelerated in the past two years, with nearly 60 per cent of the land being acquired from January 2021 onwards
 "Nearly 6,800 acre land acquired for $12.2 bn in 2018-22 for projects: CBRE")
At 1.6 mn, employee additions at ESIC in Feb a tad lower than Jan figure
New establishments registered dipped 51.7% from January
 "At 1.6 mn, employee additions at ESIC in Feb a tad lower than Jan figure")
As India and Russia discuss FTA, the elephant in the room is rupee trade
Finding alternative paths to buy oil from states under Western sanctions is stretching the government and RBI's creativity
 "As India and Russia discuss FTA, the elephant in the room is rupee trade")
India's migrant millions: Caught between jobless villages and city hazards
"There are not enough jobs, and they are not good enough to attract people for the long term, not good enough wages to invest in housing, to get their children to the cities to study"
 "India's migrant millions: Caught between jobless villages and city hazards")
Share of postpaid subscribers may increase by 12% for Indian telcos in FY23
According to the report, the sector's postpaid ARPU is estimated to have declined to about Rs 245 in fiscal 2023 from about Rs 275 in fiscal 2021
 "Share of postpaid subscribers may increase by 12% for Indian telcos in FY23")
In a bid to curb inequality, India eyes higher capital gains tax for rich
India's reliance on indirect taxes - levies on consumption - rather than direct taxes on capital is often cited by economists as the main culprit behind the country's poor getting left behind
 "In a bid to curb inequality, India eyes higher capital gains tax for rich")
FTA between Israel, India to be discussed today, informs Israeli Minister
Talking about the sectors that will figure in their discussions, the minister said the talks will be on wide-ranging sectors to enable more and more trade and "free trade brings people together"
 "FTA between Israel, India to be discussed today, informs Israeli Minister")
Beyond good rains: The making of a 'normal monsoon'
Their timeliness, distribution and spread are of vital importance for Indian agriculture
 "Beyond good rains: The making of a 'normal monsoon'")
Recent numbers show FY24 doesn't bode well for India's merchandise exports
No reversal seen in the recent contraction or growth deceleration, with WTO projecting goods trade growth by volume to slow to 1.7% in calendar year 2023 from 2.7% in 2022
 "Recent numbers show FY24 doesn't bode well for India's merchandise exports")
Power rating to maintenance: What to consider when you buy an AC
As India braces for a scorching summer, here is how you should do when you get this necessary device
 "Power rating to maintenance: What to consider when you buy an AC")
India, Russia talk free trade agreement in a bid to strengthen ties
Jaishankar said Indian business could benefit from Russian technology and that New Delhi was working to iron out payments, certification and logistics issues
 "India, Russia talk free trade agreement in a bid to strengthen ties")
Indian Railways earns record revenue of Rs 2.40 trillion in 2022-23
Indian Railways' passenger revenue has registered an all-time high growth of 61 per cent to reach Rs 63,300 crore
 "Indian Railways earns record revenue of Rs 2.40 trillion in 2022-23")
Civil society, industry take contrasting positions on pesticide ban order
The panel, it is believed, recommended retaining the ban on only three of the 27 pesticides
 "Civil society, industry take contrasting positions on pesticide ban order")
WPI inflation at 29-month low in March, prices of manufactured goods dip
The fall in WPI comes after retail inflation declined to 5.66 per cent in March, coming below the central bank's upper tolerance limit of 6 per cent for the first time in 2023
 "WPI inflation at 29-month low in March, prices of manufactured goods dip")
Fuel, electronics exports lead India's post-pandemic trade basket rejig
For FY23, merchandise exports grew 6 per cent to $447 billion mainly due to robust growth during the first six months of FY23
 "Fuel, electronics exports lead India's post-pandemic trade basket rejig")
Making enough effort to ensure economy remains buoyant: FM Sitharaman
'Weakness in demand for goods, services activity could be a drag on recovery'
 "Making enough effort to ensure economy remains buoyant: FM Sitharaman")
India, Russia working on investment protection pact: Russian Dy PM
He also said that Russia, along with the Eurasian Economic Commission, is looking forward to intensifying negotiations on a free trade agreement with India
 "India, Russia working on investment protection pact: Russian Dy PM")
RBI accepts Rs 5,500-cr bids at switch and conversion auction of govt bonds
As for floating rate bond (FRB) maturing in 2024, for conversion into paper to be redeemed in 2032
 "RBI accepts Rs 5,500-cr bids at switch and conversion auction of govt bonds")