Page 719 - Economy & Policy News
Hindu rate of growth: Where does the term come from and what it means
The term was first used by the late economist Raj Krishna in 1978 to refer to the low rate of economic growth in the pre-liberalisation era
 "Hindu rate of growth: Where does the term come from and what it means")
FY23 fiscal deficit: FinMin starts daily monitoring of receipts, expenses
The finance ministry has started daily monitoring of the revenue receipts, including tax collections, as well as expenditure beginning March 1, with an aim to keep fiscal deficit in check
 "FY23 fiscal deficit: FinMin starts daily monitoring of receipts, expenses")
More sugar exports possible if domestic output reaches as estimated: Govt
Sugar availability is comfortable in the country even as the total sugar production is pegged lower at 33.6 mn tonnes in the ongoing 2022-23 marketing year (Oct-Sept), a food ministry official said
 "More sugar exports possible if domestic output reaches as estimated: Govt")
Govt to bring retail trade policy to promote ease of doing biz: Official
Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the policy would also help in providing better infrastructure and more credit to traders
 "Govt to bring retail trade policy to promote ease of doing biz: Official")
Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon
Commerce and Industry Minister Piyush Goyal had said the finance ministry regularly keeps allocating money for PLI
 "Atmanirbhar push: Rs 7,000-cr PLI boost for toys, bicycle components soon")
Sea level rise major risk for Asian megacities like Chennai, Kolkata: Study
Sea level rise this century may disproportionately affect certain Asian megacities, including Chennai and Kolkata, as well as western tropical Pacific islands and the western Indian Ocean
 "Sea level rise major risk for Asian megacities like Chennai, Kolkata: Study")
Govt nod to nano liquid DAP important to make farmers' life easy: PM Modi
Prime Minister Narendra Modi on Sunday hailed the government's approval to nano liquid DAP fertiliser, saying it was an important step towards making life easier for farmers
 "Govt nod to nano liquid DAP important to make farmers' life easy: PM Modi")
Fitment panel to examine compensation cess structure for pan masala
To review the feasibility of MRP-linked compensation cess rates
 "Fitment panel to examine compensation cess structure for pan masala")
Online sealing done to prevent further damage to crude oil pipeline: CPCL
Chennai Petroleum Corporation Ltd and Indian Oil Corporation have completed online sealing of the crude oil pipeline to prevent any further damage following the leakage that occurred last week
 "Online sealing done to prevent further damage to crude oil pipeline: CPCL")
Kerala police conducts 'search' of Asianet News office in Kozhikode
The police search comes just a couple of days after a group of SFI activists allegedly trespassed into the Kochi office of the news channel and intimidated the staff
 "Kerala police conducts 'search' of Asianet News office in Kozhikode")
Centre saved $27 bn in schemes using DBT method: Economic Affairs secy
India saved over $27 bn in key central government schemes through direct benefit transfer as it is swift and eliminates corruption, Ajay Seth, Secretary of Department of Economic Affairs said
 "Centre saved $27 bn in schemes using DBT method: Economic Affairs secy")
Old pension scheme bad for India: PFRDA ex-boss Supratim Bandhyopadhyay
"The old pension scheme is like accepting a post-dated cheque of a bank that is bound to fail"
 "Old pension scheme bad for India: PFRDA ex-boss Supratim Bandhyopadhyay")
Govt to set up more 'technology centres' for growth of MSMEs: Minister
Union Minister Bhanu Pratap Singh Verma said the central govt will increase the number of technology centres to provide tools, trained personnel and consultancy to MSMEs for stimulating growth
 "Govt to set up more 'technology centres' for growth of MSMEs: Minister")
Inflation slows down packaged tea consumption growth, rural impact bigger
Tea drinkers forced to downgrade to lower qualities of beverage; consumption also impacted by rising milk prices
 "Inflation slows down packaged tea consumption growth, rural impact bigger")
Bank of Ceylon, SBI, Indian Bank talk benefit of rupee trade in Colombo
Following the Russia-Ukraine war and the sanctions imposed by the West, India has been trying to promote rupee trade
 "Bank of Ceylon, SBI, Indian Bank talk benefit of rupee trade in Colombo")
To curb import of sub-standard goods, 58 quality control orders soon
There will be 315 product standards under these orders
 "To curb import of sub-standard goods, 58 quality control orders soon")
Bond traders request RBI to shift to multiple price auctions of govt debt
In a uniform price auction, traders are wary of bidding at price levels that are way off the prevailing price of a bond in the secondary market
 "Bond traders request RBI to shift to multiple price auctions of govt debt")
India is dangerously close to Hindu rate of growth, says Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth
 "India is dangerously close to Hindu rate of growth, says Raghuram Rajan")
Over 91,000 retired employees apply for higher pension option: EPFO
However, the option to avail higher pension by the existing employees is still open till May 3
 "Over 91,000 retired employees apply for higher pension option: EPFO")
Govt likely to lower rail freight rates for coastal shipping of coal
Proposal aimed to ease pressure on rail network, improve coal dispatch during peak demand summer months
 "Govt likely to lower rail freight rates for coastal shipping of coal")