Page 958 - Economy & Policy News
Bill introduced in Lok Sabha to amend Electricity Act
If the bill is passed in both the houses, customers will have the option to choose the supplier of electricity just like one can choose for telephone, mobile and internet services
 "Bill introduced in Lok Sabha to amend Electricity Act")
5G mobile services likely to be rolled out in about a month: MoS Telecom
The long-awaited high-speed 5G services are expected to be rolled out in about a month, Minister of State for Telecom Devusinh Chauhan said on Monday.
 "5G mobile services likely to be rolled out in about a month: MoS Telecom")
Latest RBI survey shows household inflation expectations eased 80 bps
Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps
 "Latest RBI survey shows household inflation expectations eased 80 bps")
Seeking ways to cool domestic wheat prices, India could scrap import duty
India could scrap a 40% duty on wheat imports and cap the amount of stocks traders can hold to try to dampen record high domestic prices in the world's second biggest producer.
 "Seeking ways to cool domestic wheat prices, India could scrap import duty")
To achieve self-sufficiency in oilseeds, pulses govts must assure purchase
Though there has been an increase in acreage and production of these items, there hasn't been a big reduction in paddy and wheat acreage
 "To achieve self-sufficiency in oilseeds, pulses govts must assure purchase")
Finance ministry raises concerns on proposed tax sops under DESH Bill
Says such concessions may stir debate of extending incentive for all firms
 "Finance ministry raises concerns on proposed tax sops under DESH Bill")
Rising interest rates unlikely to dent growth in home sales: Developers
Homebuyers are strategising their financial preparation for a home purchase in the wake of increased home loan interest rate
 "Rising interest rates unlikely to dent growth in home sales: Developers")
PM pushes states to boost GST collection at NITI governing council meet
Crop diversification discussed most extensively in NITI governing council meet
 "PM pushes states to boost GST collection at NITI governing council meet")
Commerce department recast to bring more focus on trade policy making
The DGFT has been already working on the much-delayed foreign trade policy, which is now expected to be released by the end of September
 "Commerce department recast to bring more focus on trade policy making")
Statsguru: Six charts explain why India's trade deficit is widening
The IMF revised India's growth downward, and data from the commerce ministry show that the trade deficit is widening
 "Statsguru: Six charts explain why India's trade deficit is widening")
Mining projects may attract bank financing as Great Barrier Reef recovers
Environmentalists had cited these events to lobby against the coal mining projects in Australia and foreign banks had stopped financing these projects
 "Mining projects may attract bank financing as Great Barrier Reef recovers")
Steel players' hopeful of export duty withdraw; okay with capex plans
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
 "Steel players' hopeful of export duty withdraw; okay with capex plans")
Basmati rice exports increase by 26% in Q1 to $1.15 bn: Commerce Ministry
Exports of agricultural and processed food products rose by 31 per cent in the quarter to USD 7.4 billion.
 "Basmati rice exports increase by 26% in Q1 to $1.15 bn: Commerce Ministry")
Govt planning contentious laws to cut power utility debt worth Rs 6 trn
Key proposals include allowing more utilities to operate within the same circles, mandating regulators to set tariffs based on market costs, and defining payment procedures and deadlines
 "Govt planning contentious laws to cut power utility debt worth Rs 6 trn")
Govt okayed purchase of military equipment worth Rs 1.83 trn since 2020-21
The government has said that it accorded the Acceptance of Necessity (AoN) approval for procurement of military equipment worth Rs 1,83,778 crore since 2020-21
 "Govt okayed purchase of military equipment worth Rs 1.83 trn since 2020-21")
Top Headlines: RBI reverses Covid-era cuts, bond yields surge, and more
The six-member Monetary Policy Committee (MPC) of the RBI hiked the policy repo rate by 50 basis points to 5.4 per cent - a three-year high - owing to inflation concern
 "Top Headlines: RBI reverses Covid-era cuts, bond yields surge, and more")
$1 trn economy target: UP govt appoints Deloitte consultant, signs MoU
The UP government signed a memorandum of understanding with Deloitte India, appointing it as a consultant for achieving the target of bringing the state's economy to $1 trillion mark
 "$1 trn economy target: UP govt appoints Deloitte consultant, signs MoU")
Exporters meet Piyush Goyal, flag concerns on demand from Western nations
According to preliminary data released by the commerce ministry on Tuesday, merchandise exports declined to a five-month low of $35.2 billion in July
 "Exporters meet Piyush Goyal, flag concerns on demand from Western nations")
Need to address gap due to India's jobless growth, says Anand Mahindra
On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets
 "Need to address gap due to India's jobless growth, says Anand Mahindra")
NITI governing council meet: PM, CMs to discuss crop diversification & NEP
The PM and CMs are also expected to devote considerable time to agriculture and related subjects, including measures to lower import dependency on several food items
 "NITI governing council meet: PM, CMs to discuss crop diversification & NEP")