Page 936 - Economy & Policy News
Govt seeks to improve disclosures by PSUs, asks for monthly data on capex
New details such as CSR, gender-wise reporting of contractual workers, unused land, and profit share in joint venture companies have also been added in the list of disclosures
 "Govt seeks to improve disclosures by PSUs, asks for monthly data on capex")
Lack of photovoltaic modules slows down projects in solar power sector
Sources said leading project developers, including state-owned NTPC, were not getting enough domestic suppliers for their tenders to procure solar modules
 "Lack of photovoltaic modules slows down projects in solar power sector")
Statsguru: 6 charts explain how pandemic led to rise in crime rate in India
Delhi had the highest crime rate among metropolises of 1,859 crimes per 100,000-four times the national average-but had the lowest chargesheeting rate of 34.1%
 "Statsguru: 6 charts explain how pandemic led to rise in crime rate in India")
India's external debt of $620-bn is 'sustainable': Finance Ministry report
India's external debt of $620.7 billion, as at end of March 2022, is sustainable and is being managed in a prudent manner, the Department of Economic Affairs, under the Union Finance Ministry, said
 "India's external debt of $620-bn is 'sustainable': Finance Ministry report")
PSU banks to open about 300 branches in unbanked areas by Dec 2022: Report
As part of the financial inclusion drive, public sector banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022
 "PSU banks to open about 300 branches in unbanked areas by Dec 2022: Report")
Indore to soon start working 24X7 to facilitate IT, BPO sectors, start-ups
The Indore district administration in Madhya Pradesh is all set to open round-the-clock working activities in areas around the Bus Rapid Transit System (BRTS) corridors
 "Indore to soon start working 24X7 to facilitate IT, BPO sectors, start-ups")
Sweets-snacks trade can touch all-time high of Rs 1.25 trn: Manufacturers
As markets are regaining the traditional excitement this festive season, the trade of sweets and namkeen (snacks) in the current financial year is likely to reach an all-time high of Rs 1.25 trillion
 "Sweets-snacks trade can touch all-time high of Rs 1.25 trn: Manufacturers")
China missing among nations driving India's foreign fund inflows
Foreign direct investment (FDI) into India stood at $58.8 billion in 2021-22 with Singapore and the US being the top two major contributors among the list of 15 nations
 "China missing among nations driving India's foreign fund inflows")
Sitharaman bullish on double-digit GDP growth, says nation on strong wicket
Hoping for a double-digit growth in GDP in this financial year, Union Finance Minister Nirmala Sitharaman on Saturday said the nation is on a strong wicket
 "Sitharaman bullish on double-digit GDP growth, says nation on strong wicket")
Exports remain flat at $33 bn in August; trade deficit widens to $28.68 bn
India's exports contracted by 1.15 per cent to $33 bn and trade deficit more than doubled to 28.68 bn in August, a preliminary data released by the commerce ministry said on Saturday
 "Exports remain flat at $33 bn in August; trade deficit widens to $28.68 bn")
India is likely to become third largest economy by 2029: SBI report
As per the SBI report, India had surpassed the UK as the fifth largest economy as early as December 2021 itself
 "India is likely to become third largest economy by 2029: SBI report")
NTPC registers 62% growth in coal production from its captive mines
The release said NTPC has taken various steps to augment the coal production from its coal mines
 "NTPC registers 62% growth in coal production from its captive mines")
Paddy sowing over in 97% normal area till Sept 2, cloud over final output
For all the kharif crops, the acreage, as on September 2, was around 106.92 mha - just 1.27% lower than last year
 "Paddy sowing over in 97% normal area till Sept 2, cloud over final output")
Sugar mills object to Centre's move to raise domestic sales quota for Sept
In India, the Central government determines the quantity of sugar that each mill can sell in the domestic market each month which keeps on changing depending upon the demand-supply matrix.
 "Sugar mills object to Centre's move to raise domestic sales quota for Sept")
Centre spent Rs 5 trillion on MGNREGA scheme in 8 years: FM Sitharaman
Farmers' debt is rampant in the state and it is ranked fourth in farmers' suicides, Sitharaman further said
Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough
India has seen GDP growth of 7% or more for five straight years only once in the past 30 years
 "Can India's GDP grow 7% annually over 25 yrs? Data suggests it's tough")
Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom
In comparison, urban sales were up 5.5% month-on-month
 "Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom")
Goyal to attend IPEF ministerial in US next week; focus on trade ties
To meet US commerce seretary, trade representative in Los Angeles next week
 "Goyal to attend IPEF ministerial in US next week; focus on trade ties")
Centre may cap upcoming first green bond issues at Rs 25,000 crore
Green bond proceeds will be used to fund projects which will help India meet COP commitments
 "Centre may cap upcoming first green bond issues at Rs 25,000 crore")
DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor
Previous government had banned earthwork for project, following an order by Pune Bench of NGT
 "DFCC pins hopes on new Maharashtra govt approval for stuck freight corridor")