Page 947 - Economy & Policy News
'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")
Govt's approach to PSB privatisation would result in better outcomes: RBI
The RBI issued this clarification after RBI's researchers argued in a recent article that a gradual approach to the privatisation of the public sector banks (PSBs) in India is better than the big bang
 "Govt's approach to PSB privatisation would result in better outcomes: RBI")
Sebi drops Indian connection clause to make investment easy for AIF, VCF
As per the fresh guidelines, AIFs or VCFs will have to file an application before Sebi for allocation of overseas investment limit in the format
 "Sebi drops Indian connection clause to make investment easy for AIF, VCF")
DGTR hints at anti-dumping duty on Chinese ofloxacin, FinMin to decide
The duty is aimed at ensuring fair trading practices and creating a level-playing field for domestic producers vis-a-vis foreign producers and exporters
 "DGTR hints at anti-dumping duty on Chinese ofloxacin, FinMin to decide")
What went wrong with Delhi's new excise policy?
In Delhi, people are finding it hard to fetch their favourite liquor brand, due to sparse vends. A slugfest is going on the Delhi government's liquor policy. Let's find out why
 "What went wrong with Delhi's new excise policy?")
India, Pakistan left in a lurch as gas deliveries get redirected to Europe
With gas prices more than 150% higher since the Russian invasion in February, and wealthier nations able to pay more to ensure adequate supplies, emerging nations can't compete
 "India, Pakistan left in a lurch as gas deliveries get redirected to Europe")
Top headlines: Govt cuts windfall tax, IRCTC on passenger data, and more
From govt cutting windfall tax on domestic crude oil to IRCTC monetising passenger data, here are the top headlines on Friday morning
 "Top headlines: Govt cuts windfall tax, IRCTC on passenger data, and more")
Govt cuts windfall profit tax on domestic crude oil to Rs 13,000 per tonne
Govt hikes windfall profit tax on diesel export to Rs 7/litre from Rs 5; slaps Rs 2/litre tax on ATF exports
 "Govt cuts windfall profit tax on domestic crude oil to Rs 13,000 per tonne")
DPIIT to hire consultants to work towards ease of doing business
DPIIT invited applications from eligible qualified professionals for engagement as senior consultant and consultant for three years for working in the Ease of Doing Business (EoDB) Reform Secretariat
 "DPIIT to hire consultants to work towards ease of doing business")
RBI report projects retail inflation within tolerance band by Q1FY24
Says persistent high inflation needs policy response