Page 712 - Economy & Policy News
How Apple, Foxconn's efforts led to landmark reforms in India's labour laws
Apple and its supplier Foxconn were among the companies that lobbied for a landmark liberalisation of labour laws in the southern state of Karnataka earlier this month, the Financial Times reported
 "How Apple, Foxconn's efforts led to landmark reforms in India's labour laws")
Mamata Banerjee urges Centre to allow poppy cultivation in West Bengal
"Bengalis love posto'. Why should it be cultivated in only four states? Why not in West Bengal, despite it being on our menu every day?" she said
 "Mamata Banerjee urges Centre to allow poppy cultivation in West Bengal")
The spectre of coal over climate change as electricity demand soars
Record summer heat has sent electricity demand soaring. Despite the focus on renewables, thermal power will meet additional demand, sending sustainability targets for a toss
 "The spectre of coal over climate change as electricity demand soars")
India's inflation seen easing slightly in Feb, still above RBI target: Poll
Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month
 "India's inflation seen easing slightly in Feb, still above RBI target: Poll")
India's February fuel demand hit at least 24-year high, shows data
India's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil
 "India's February fuel demand hit at least 24-year high, shows data")
Competition Commission of India squeezed by staff vacancies, workload
A void at the top rung of India's competition agency underscores a chronic resource crunch and is undermining its capacity to regulate major companies in the world's fifth-largest economy
 "Competition Commission of India squeezed by staff vacancies, workload")
Politically exposed persons, NPOs face tighter PMLA regulations
Reporting cap for beneficial owners lowered to 10%
 "Politically exposed persons, NPOs face tighter PMLA regulations")
Iraq reaches out to Indian refiners to discuss crude oil discounts
Focus on buying Russian crude has led to a decline in imports from West Asia
 "Iraq reaches out to Indian refiners to discuss crude oil discounts")
TROPEX-23: Indian Navy completes four-month-long war exercise
Culmination of TROPEX-23 brings to end an intense operational phase for the Indian Navy that commenced in November 2022
 "TROPEX-23: Indian Navy completes four-month-long war exercise")
Explainer: Why has power demand in India surged post Covid-19 recovery?
Power demand jumps 10% in the first two months of 2023 from a year ago
 "Explainer: Why has power demand in India surged post Covid-19 recovery?")
India jostles with China for April ESPO crude from Russia, prices jump
Indian refiners mostly buy Russian oil on a delivered basis, with the seller arranging for insurance, freight and ship
 "India jostles with China for April ESPO crude from Russia, prices jump")
India's April-February finished steel exports slump 52%: Govt data
Major steelmakers reported a drop in profits in the December quarter, in part because the government in May imposed the tax, which applied to exports of some intermediate steel products, such as bars
 "India's April-February finished steel exports slump 52%: Govt data")
Rules for invasive gadgets likely under Digital India Act, says MoS IT
In the past, the government has cautioned social media platforms that they could lose safe harbours for not complying with Indian laws
 "Rules for invasive gadgets likely under Digital India Act, says MoS IT")
Will sign pact on chips on Friday, says US commerce secy Gina Raimondo
Raimondo says FTA off the table, IPEF to be more economically beneficial
 "Will sign pact on chips on Friday, says US commerce secy Gina Raimondo")
Exports in FY23 to reach about $770 billion: Commerce and industry ministry
India's merchandise and services exports combined in the current financial year ending March will be close to USD 760-770 bn, Union Minister for State for Commerce and Industry Anupriya Patel said
 "Exports in FY23 to reach about $770 billion: Commerce and industry ministry")
Indian telecom market sees 36% value growth in offline retail: Report
Experts forecast 2023 to be stable with value-driven growth for the Indian telecom market compared to 2022
 "Indian telecom market sees 36% value growth in offline retail: Report")
Finance Ministry tightens definition of 'beneficial owners' under PMLA
Finance Ministry tightened the definition of beneficial owners under the anti-money laundering law, mandating reporting entities like banks and crypto platforms to collect information from clients
 "Finance Ministry tightens definition of 'beneficial owners' under PMLA")
Govt may miss FY23 revised divestment target, says Bank of Baroda
"Of this, Rs 1.7 trillion can come from public sector enterprises and Rs 1.8 trillion from public sector financial institutions," the report stated
 "Govt may miss FY23 revised divestment target, says Bank of Baroda")
Maharashtra govt cuts VAT on aviation jet fuel, gives carriers relief
New rate will be applicable in Mumbai, Pune and Raigad districts, says state budget
 "Maharashtra govt cuts VAT on aviation jet fuel, gives carriers relief")
50 km metro network to be added in Mumbai region this year, says Fadnavis
As much as 50 km of metro network will be added in the Mumbai Metropolitan Region (MMR) in 2023-24, Maharashtra Deputy Chief Minister Devendra Fadnavis said on Thursday