Page 856 - Economy & Policy News
Land deals surge over threefold in first nine months of 2022: Report
The top 8 cities include National Capital Region, Mumbai Metropolitan Region, Bengaluru, Hyderabad Pune, Chennai, Kolkata, and Ahmedabad
 "Land deals surge over threefold in first nine months of 2022: Report")
Big portion of Telecom Bill to be implemented by Trai: Ashwini Vaishnaw
The statement comes in the light of concerns from some stakeholders that the proposed Bill will clip the powers of TRAI
 "Big portion of Telecom Bill to be implemented by Trai: Ashwini Vaishnaw")
Flows into NRI deposits surge in April-Sept, but outstanding amount falling
NRE deposits were at $100.8 billion in March
 "Flows into NRI deposits surge in April-Sept, but outstanding amount falling")
New formal job creation fell again in September, shows payroll data
The number of fresh formal jobs created fell for the second consecutive month in September, declining 9 per cent sequentially to 930,000
 "New formal job creation fell again in September, shows payroll data")
Statsguru: The next billion people will come from poorer nations
Lower fertility rates indicate that the addition of the next 1 billion will take 15 years
 "Statsguru: The next billion people will come from poorer nations")
Cooperative sector law will be amended for flawless functioning: Minister
A comprehensive amendment would be made to the law governing the co-operative sector to make its functioning flawlessly, State Minister for Cooperation and Registration V N Vasavan said on Sunday
 "Cooperative sector law will be amended for flawless functioning: Minister")
Deloitte expects India to post 6.5-7.1% economic growth in current fiscal
India is likely to post a 6.5 per cent to 7.1 per cent economic growth during the current financial year 2022-23 amid rising inflation and impending global slowdown, Deloitte India said in a report
 "Deloitte expects India to post 6.5-7.1% economic growth in current fiscal")
No prospect of recession in India, economy to grow at 6-7 pc: Rajiv Kumar
India will still grow at 6-7 per cent in the 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said
 "No prospect of recession in India, economy to grow at 6-7 pc: Rajiv Kumar")
Govt likely to remove penal offences covered under IPC from GST law
The government is considering to remove the penal offences which are already covered under the Indian Penal Code (IPC) from the GST Act to make it more taxpayer-friendly, an official said
 "Govt likely to remove penal offences covered under IPC from GST law")
EPFO adds 1,682,000 net subscribers in September 2022: Labour ministry
Retirement fund body EPFO added 16.82 lakh subscribers on a net basis in September 2022, the labour ministry said in a release on Sunday.
 "EPFO adds 1,682,000 net subscribers in September 2022: Labour ministry")
Inflation makes humbled central bankers scale back their ambitions
The first step for the newly humbled monetary policymakers is getting prices back under control without creating economic havoc
 "Inflation makes humbled central bankers scale back their ambitions")
Mother Dairy hikes full-cream milk price, token milk in Delhi-NCR
Mother Dairy has decided to hike prices of full-cream milk by Re 1 per litre and token milk by Rs 2 per litre in Delhi-NCR market with effect from Monday, citing rise in input cost.
 "Mother Dairy hikes full-cream milk price, token milk in Delhi-NCR")
IFFI 2022: Want to build India as global content hub, says Anurag Thakur
Union Minister for Information and Broadcasting Anurag Thakur said the govt aims to establish the IFFI as the one-stop destination for content creation, filmmaking and shooting
 "IFFI 2022: Want to build India as global content hub, says Anurag Thakur")
Gem, jewellery exports decline 15% to Rs 25,844 crore in Oct: GJEPC
In October 2021, the exports stood at Rs 30,274.64 crore: Gem and Jewellery Export Promotion Council
 "Gem, jewellery exports decline 15% to Rs 25,844 crore in Oct: GJEPC")
Even govt will be held accountable for data breach, says govt source
'The bill is mainly to make those entities accountable that are monetising data. In case of data breach even the government is not exempted'
 "Even govt will be held accountable for data breach, says govt source")
India to be a net green energy exporter by 2050, says Gautam Adani
It took us 58 years to get to our first trillion dollars of GDP, 12 years to get to the next trillion and just five years for the third trillion, he said
 "India to be a net green energy exporter by 2050, says Gautam Adani")
Risk of global hard landing, but India differently placed: Shaktikanta Das
Das had said earlier this year that the RBI was striving to ensure a 'soft landing' for the Indian economy while bringing domestic inflation back to the central bank's 4 per cent target over a period
 "Risk of global hard landing, but India differently placed: Shaktikanta Das")
Govt scraps export tax on low grade iron ore, some steel intermediates
The import duty concessions on anthracite/PCI coal, coking coal, coke and semi coke and ferronickel have also been withdrawn.
 "Govt scraps export tax on low grade iron ore, some steel intermediates")
Huge investment coming to coastal region from global investors meet: Bommai
The state had garnered a little under 10 lakh crore rupees worth investments in the 3-day event held in the first week of November.
 "Huge investment coming to coastal region from global investors meet: Bommai")
With war in Europe, world encountering food, energy crisis: Shaktikanta Das
Das said the COVID-19 pandemic crisis created an opportunity to explore and harness the power of big data and strengthen direct feedback mechanisms while working from home.