Page 833 - Economy & Policy News
Coal production rises over 11% to 75.87 million tonnes in November
India's total coal production went up by 11.66 per cent to 75.87 million tonnes in November 2022 from 67.94 million tonnes recorded during the corresponding period of last year
 "Coal production rises over 11% to 75.87 million tonnes in November")
GST superstructure lacks some basic features even after 5 years
Currently, there is no appellate mechanism in place for rulings by the GST authorities and a group of ministers is deliberating on it
 "GST superstructure lacks some basic features even after 5 years")
India set to export mobile phones worth $9 billion in FY23: Report
Phone exports have already crossed the $5 billion mark, twice more than the last year's $2.2 billion
 "India set to export mobile phones worth $9 billion in FY23: Report")
Infra recognition key point in FBIL spat with regulators abroad: RBI Dy Guv
RBI in talks with ESMA, BoE on CCIL de-recognition, says will find resolution
 "Infra recognition key point in FBIL spat with regulators abroad: RBI Dy Guv")
Scam in cooperative bank: ED has attached assets worth Rs 30 crore
ED has attached assets worth Rs 30.70 crore of Bijoy A K, the commission agent of Karuvannur Service Co-operative Bank Ltd, under the Prevention of Money Laundering Act in fraud and cheating case
 "Scam in cooperative bank: ED has attached assets worth Rs 30 crore")
GST council to consider decriminalisation of GST law in Dec 17 meet
The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising her state counterparts, is scheduled to meet virtually on December 17
 "GST council to consider decriminalisation of GST law in Dec 17 meet")
India shares a list of products with Moscow for access to Russian market
Moscow had sent India a list of more than 500 products for potential delivery
 "India shares a list of products with Moscow for access to Russian market")
Rice production, telecom subscribers pull down GDP growth in Q2 FY23
Steel consumption, commercial vehicle sales and some other sectors help economy
 "Rice production, telecom subscribers pull down GDP growth in Q2 FY23")
E-Visa facility resumes again for UK nationals travelling to India
For the first time since March 2020, India is all set to resume the e-Visa facility for UK citizens travelling to India, the High Commissioner of India to the UK announced in a video message on Monday
 "E-Visa facility resumes again for UK nationals travelling to India")
Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data
Experts attribute drop to large-scale of migration; young from these states stand to earn significantly more, post migration, than they do by staying back
 "Six states report fewer formal jobs for youth in Sept qtr, shows EPFO data")
Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion
The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021
 "Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion")
Find gold import and smuggling link, says FM Nirmala Sitharaman
The remarks came against the backdrop of a substantial quantity of gold seized between April last year and March this year
 "Find gold import and smuggling link, says FM Nirmala Sitharaman")
India's existing deep discounts on Russian crude oil will stay: Officials
A record 24.8 percent of India's crude oil imports came from Russia in the April-September period
 "India's existing deep discounts on Russian crude oil will stay: Officials")
'Fake currency, terror financing should be tackled', Centre to SC on DeMo
Fake currency, terror financing and black money are 3 evils and should be cut into pieces, Centre told the Supreme Court on Monday while opposing the pleas challenging the 2016 demonetisation exercise
 "'Fake currency, terror financing should be tackled', Centre to SC on DeMo")
We must look for newer markets for Indian millets: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Monday called for looking at newer markets for Indian millets to push exports
 "We must look for newer markets for Indian millets: Piyush Goyal")
CCI chief calls for devising new tools to check anti-competitive practices
CII's acting-chairperson Verma said fair-trade watchdogs need to devise new tools and develop innovative perspectives on application of the existing instruments amid rapidly evolving digital landscape
 "CCI chief calls for devising new tools to check anti-competitive practices")
Govt wants Delhi-Centre power dispute case be referred to larger SC bench
Centre on Monday told the SC that it has filed a fresh plea seeking reference to a larger bench of nine or more judges a matter involving a constitutional issue related to control of services in Delhi
 "Govt wants Delhi-Centre power dispute case be referred to larger SC bench")
Emerging markets face risk of policy error amid conflicting priorities
Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace
 "Emerging markets face risk of policy error amid conflicting priorities")
Credit card use at PoS higher than at e-com sites in July-Sept: Report
Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier
 "Credit card use at PoS higher than at e-com sites in July-Sept: Report")
Nasscom hails draft data protection bill for dropping contentious rules
Provisions on non-personal data, criminal penalties, hardware certification scheme, and statutory data residency requirements among those axed
 "Nasscom hails draft data protection bill for dropping contentious rules")