Page 831 - Economy & Policy News
Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more")
What does Parliament's winter session mean for you?
The winter session of Parliament begins today, and will end on 29th Dec. What are the important Bills to be tabled in a span of next 17 days? How is the winter session likely to impact the citizens?
 "What does Parliament's winter session mean for you?")
Restricted judicial review doesn't mean court will sit back: Supreme Court
RBI submitted that "temporary hardships" were there and that they are also an integral part of the nation-building process but there was a mechanism by which problems that arose were solved
 "Restricted judicial review doesn't mean court will sit back: Supreme Court")
Headwinds to more than halve H2 growth to 4-4.5%: India Ratings
The report also points to the muted wage growth at the lower end of the income pyramid, resulting in a skewed recovery of consumption demand
 "Headwinds to more than halve H2 growth to 4-4.5%: India Ratings")
PM congratulates UN for launch of International Year Of Millets 2023
Prime Minister Narendra Modi on Tuesday congratulated the United Nations and the Food and Agriculture Organisation (FAO) for the launch of the International Year of Millets 2023
 "PM congratulates UN for launch of International Year Of Millets 2023")
Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9%
Says strong macro fundamentals place country in good stead
 "Remarkably resilient: World Bank ups FY23 India growth forecast to 6.9%")
Trade settlement in rupee: Govt, RBI devise country-specific plan
To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country
Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly
Wholesale segment averages Rs 325 crore per day in November
 "Transactions in CBDC pilots gather pace, all minor glitches fixed swiftly")
CBDC versus the rest: Can RBI's digital currency replace physical cash?
The central bank digital currency is unlikely to replace cash and other digital mediums of transactions but could coexist with them
Trade restrictions are increasing, especially on food, says WTO
The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly on food, feed and fertilisers
 "Trade restrictions are increasing, especially on food, says WTO")
India emerging as key investment destination amid China's zero-Covid policy
As foreign investors pumped money in stocks in India over the last week, Indian benchmark Indices, the BSE Sensex and NSE Nifty, reached new highs, despite economic chaos at the global level
 "India emerging as key investment destination amid China's zero-Covid policy")
Port cargo traffic growth in November slows to 3% amid trade slowdown
Flat cargo numbers since Q2 drag total FY23 growth down to 8.8%
 "Port cargo traffic growth in November slows to 3% amid trade slowdown")
Rising battery prices threaten to derail arrival of affordable EVs
There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium
 "Rising battery prices threaten to derail arrival of affordable EVs")
Projects worth Rs 40,000 cr to be launched in Assam in next 2 months
As a part of the Assam government's initiative to launch a slew of development projects, CM inaugurated and laid the foundation stones of as many as 12 projects in Nalbari district
 "Projects worth Rs 40,000 cr to be launched in Assam in next 2 months")
No hiring downturn at IITs as international firms pitch job offers
Consulting, finance, core and international trading companies take the lead in chasing talent
 "No hiring downturn at IITs as international firms pitch job offers")
Niti Aayog objects to certain provisions in proposed DESH bill: Report
Niti Aayog has raised objections to certain provisions pertaining to the proposed DESH bill, which seeks to replace the existing law for special economic zones, sources said
 "Niti Aayog objects to certain provisions in proposed DESH bill: Report")
India better placed than emerging nations to face headwinds: World Bank
Asia's third-largest economy, which expanded 6.3% in the July-September quarter, is estimated to grow 6.8-7% in the current 2022/23 fiscal year
 "India better placed than emerging nations to face headwinds: World Bank")
Emerging economies keen to replicate India's digital transformation: Kant
In an interview with PTI, Kant said he also highlighted the digital initiatives taken in the healthcare sector such as the Cowin app for implementing the Covid vaccination drive
 "Emerging economies keen to replicate India's digital transformation: Kant")
India's thermal power generation rises by 16% at 87,687 MU in November
India's thermal power generation registered a growth of 16.28 per cent at 87,687 MU (million units) in Nov this year as compared to 75,412 MU generated in the corresponding month of previous fiscal
 "India's thermal power generation rises by 16% at 87,687 MU in November")
Kerala facing 'unprecedented financial crisis', says finance minister
Kerala Finance Minister K N Balagopal said the state is reeling under unprecedented financial crisis and attributed the "distorted" financial policies of the Centre, the outbreak of Covid-19 pandemic
 "Kerala facing 'unprecedented financial crisis', says finance minister")