Page 947 - Economy & Policy News
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%
 "Rains, pests force world's top cotton producer India to import supplies")
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")
FTA provisions over Rules of Origin to prevail in case of conflicts: CBIC
Exemptions specified in Free Trade Agreement with regard to country of origin on imported goods will prevail in case of conflict between revenue department and importer, the finance ministry has said
 "FTA provisions over Rules of Origin to prevail in case of conflicts: CBIC")
'You Day' to gym reimbursements: Jobseekers make most of sellers' market
Recruiters say recruits are leveraging talent crunch to demand flexible work and high salaries
 "'You Day' to gym reimbursements: Jobseekers make most of sellers' market")
Sonowal's Iran visit could see extension of lease for Chabahar Port
The short-term lease agreement for using the Shaheed Behesti terminal typically sees a renewal tenure of one year on a rolling basis
 "Sonowal's Iran visit could see extension of lease for Chabahar Port")
MeitY in talks with Play Store on digital lending app malpractices
The developments come a week after the Reserve Bank of India recommended a law for Banning of Unregulated Lending Activities (BULA) to safeguard borrowers
 "MeitY in talks with Play Store on digital lending app malpractices")
Trade with US, China: PHDCCI calls for mass production of commodities
In the fiscal year 2021-22, the US was India's largest trade partner, followed by China
 "Trade with US, China: PHDCCI calls for mass production of commodities")
Finance ministry expects rural demand to recover as inflation softens
India's headline retail inflation for July came in at a five-month low of 6.71%, helped by easing global commodity prices and lower food prices domestically
 "Finance ministry expects rural demand to recover as inflation softens")
Private education training firms subject to GST, rules Kerala AAR
Ernakulam-based company is not a formal school but an institution providing special training, it says
 "Private education training firms subject to GST, rules Kerala AAR")
India better placed on growth-inflation-external balance triangle: FinMin
FinMin review said in absence of further shocks, downward movement of global commodity prices along with RBI's monetary measures and govt's fiscal policies are expected to cap inflationary pressure
 "India better placed on growth-inflation-external balance triangle: FinMin")
Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC
Das, according to the minutes of the MPC meeting released on Friday, said retail inflation was "unacceptably and uncomfortably" high, as he along with other members proposed a 50 basis points hike
 "Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC")
Railways floats tender to monetise customer data, may withdraw it: Report
Govt sources have clarified that the consultant would advise the IRCTC on steps to improve its existing business and plan strategies to monetise future opportunities
 "Railways floats tender to monetise customer data, may withdraw it: Report")
Proposed Digital India Act aims to make internet free, safe space: Can it?
The proposed law is supposed to be modelled on similar regulations in Singapore, Australia and Europe's General Data Protection Regulation
 "Proposed Digital India Act aims to make internet free, safe space: Can it?")
Consumers worried over income growth prospects and job outlook, says report
The Reserve Bank of India conducts Consumer Confidence Survey (CCS) and Industrial Outlook Survey (IOS) to make such informed expectations
 "Consumers worried over income growth prospects and job outlook, says report")