Page 946 - Economy & Policy News
India on the verge of capex recovery in coming years: Prabhudas Lilladher
The FY23 budget has increased the capex plans of the Centre by 10.6 per cent to Rs 12.2 trillion
Retail inflation likely to ease below 6% by March quarter, say analysts
Despite signs of inflation having peaked in India, the outlook remains highly uncertain, members of the central bank's monetary policy committee said in their report
 "Retail inflation likely to ease below 6% by March quarter, say analysts")
Kerala, UP lag as GSDP of 19 states exceed pre-Covid levels in FY22: Report
The economies of 19 states and UTs in FY22 exceeded their pre-coronavirus levels, as they recorded double-digit growth in the last fiscal year
 "Kerala, UP lag as GSDP of 19 states exceed pre-Covid levels in FY22: Report")
Statsguru: Why wheat production has been a cause for concern in India
Wheat production declined by 2.5 per cent compared to last year-its lowest level in three years
 "Statsguru: Why wheat production has been a cause for concern in India")
2022 Housing sales to breach pre-Covid levels despite rate hikes: Industry
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates, industry players said
 "2022 Housing sales to breach pre-Covid levels despite rate hikes: Industry")
Cotton yarn mills planning to stop production amid poor demand, Ukraine war
High cotton prices, the Russia-Ukraine war and poor demand from the apparel industry have hit the spinning mills hard
 "Cotton yarn mills planning to stop production amid poor demand, Ukraine war")
India's CBDC roll-out likely this fiscal with wholesale businesses
India's own sovereign-backed CBDC was first announced by Union Finance Minister Nirmala Sitharaman in the 2022 Union Budget
 "India's CBDC roll-out likely this fiscal with wholesale businesses")
Paddy sowing continues to lag, acreage down by 8.25%, shows govt data
The deficit in paddy acreage has narrowed in UP, Bihar, and West Bengal between the two weeks in consideration owing to revival in rain, the data reflected
 "Paddy sowing continues to lag, acreage down by 8.25%, shows govt data")
No plans to levy charges on UPI transactions, says Finance Ministry
'The concerns of the service providers for cost recovery have to be met through other means,' tweets the ministry
 "No plans to levy charges on UPI transactions, says Finance Ministry")
Centre's plan on sale of RE power to states offers only a flickering hope
The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms
 "Centre's plan on sale of RE power to states offers only a flickering hope")
RBI moots 'tiered' charge on payments through UPI, seeks public feedback
The RBI has asked for feedback and suggestions before October 3
 "RBI moots 'tiered' charge on payments through UPI, seeks public feedback")
Punjab expects low cotton production at 800,000 bales this season
Punjab is expecting a cotton output of around 800,000 bales in the current Kharif season due to lower acreage and damage to the crop due to rains
 "Punjab expects low cotton production at 800,000 bales this season")
Freebies make sense only if state budget has revenue surplus: Economists
With issue of freebies announced by political parties being heard by the Supreme Court, economists say that if there is revenue surplus in the budget then freebies could be implemented.
 "Freebies make sense only if state budget has revenue surplus: Economists")
Govt may consider wheat import as shortage, rising inflation worries loom
The looming shortage and rising prices now have authorities making preparations to buy from overseas
 "Govt may consider wheat import as shortage, rising inflation worries loom")
EPFO witnesses 43% YoY rise in net subscribers; adds 1.83 mn in June
The Employees' Provident Fund Organisation (EPFO) had added 12.83 lakh net new subscribers in June 2021, the data showed.
 "EPFO witnesses 43% YoY rise in net subscribers; adds 1.83 mn in June")
Shipping minister Sonowal reviews development work at Chabahar port
The statement further said that in an effort to invigorate the potential of Chabahar port, Sonowal also handed over six mobile harbour cranes to Indian Ports Global Chabahar Free Trade Zone at port
 "Shipping minister Sonowal reviews development work at Chabahar port")
Rains, pests force world's top cotton producer India to import supplies
This confluence of extreme weather events brought on by climate change has sent cotton prices soaring by as much as 30%
India's solar, wind energy potential likely to dip due to climate change
Solar and wind potential in India are likely to face a negative trend in the future due to climate change, according to a new study by Pune-based Indian Institute of Tropical Meteorology
 "India's solar, wind energy potential likely to dip due to climate change")
Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July
Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items
 "Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July")
No magic wand: Wider 5G roll-out in top 10 cities to take 6-8 months
The top 10 cities will have some - not total - coverage by then
 "No magic wand: Wider 5G roll-out in top 10 cities to take 6-8 months")