Page 962 - Economy & Policy News
Open access II: India's attempt to expand scope of green energy initiatives
The new guidelines expanding consumer choices to green energy will remain subject to the uncertainties and quirks of state policy
 "Open access II: India's attempt to expand scope of green energy initiatives")
Is the revival of BSNL a strategic bet for Indian Hi-Tech?
This hi-tech race is perhaps the new "arms race" as we enter into what seems to be the 21st century's version of a cold war that has pitted China against the West
 "Is the revival of BSNL a strategic bet for Indian Hi-Tech?")
Core sector growth rises to 12.7% in June from 9.4% in the year-ago month
In June, the output of coal, refinery products, fertiliser, cement and electricity rose by 31.1%, 15.1%, 8.2%, 19.4%, and 15.5%, respectively
 "Core sector growth rises to 12.7% in June from 9.4% in the year-ago month")
India's fiscal deficit touches 21.2% of annual target in Q1: Govt data
In actual terms, the fiscal deficit was at Rs 3.51 trn at the end of the first quarter of 2022-23, data from the Controller General of Accounts showed
 "India's fiscal deficit touches 21.2% of annual target in Q1: Govt data")
Fiscal deficit expected to follow previous years' trend in June quarter
Centre's capex outlay may touch 20 per cent of full-year target in Q1 at Rs 1.5 trillion
 "Fiscal deficit expected to follow previous years' trend in June quarter")
US Prez Biden dismisses fear of recession even as GDP doubles down
Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession
Centre likely to allow 1.2 MT additional sugar exports this season
Sugar production in the current year now estimated at more than 36 MT, against expectation of 35 MT
 "Centre likely to allow 1.2 MT additional sugar exports this season")
India got highest aid for trade from developed countries in 2020
The total disbursement during 2020 was $48.7 billion, which translates to India getting 4 per cent of the disbursements
 "India got highest aid for trade from developed countries in 2020")
Experts expect some inflation, CAD relief after US Fed hikes rates
MPC will be guided more by domestic inflation-growth dynamics than US central bank measures, they say
 "Experts expect some inflation, CAD relief after US Fed hikes rates")
Expressways pave the way for Uttar Pradesh's trillion-dollar dream
UP accounts for nearly 38 per cent of the total expressway network in the country
 "Expressways pave the way for Uttar Pradesh's trillion-dollar dream")
Chhattisgarh gets investment proposals worth more than Rs 90,000 crore
The state government has introduced a single-window system to provide clearance
 "Chhattisgarh gets investment proposals worth more than Rs 90,000 crore")
11th agri census: Govt to use smartphones, tablets for data collection
The fieldwork of the Eleventh Agricultural Census (2021-22) will start in August 2022, the agriculture ministry said in a statement
 "11th agri census: Govt to use smartphones, tablets for data collection")
RBI to hike rates by 0.35%-0.5% at Aug 5 review: Axis Bank chief economist
The Reserve Bank's rate setting panel will hike the key repo rate by 0.35-0.50 per cent at the next week's review meeting, Axis Bank chief economist Saugata Bhattacharya said on Thursday.
 "RBI to hike rates by 0.35%-0.5% at Aug 5 review: Axis Bank chief economist")
As credit demand grows, banks may soon be scrambling for deposits
Loan growth in India is at a 3-year high and seen inching up further as economic activity gains traction but a much slower growth in deposits could send banks scurrying for funds
 "As credit demand grows, banks may soon be scrambling for deposits")
Manufacturing sector gets $21 bn FDI in FY22, increases by 76% YoY
The manufacturing sector attracted foreign direct investments worth USD 21.34 billion in 2021-22, an increase of 76 per cent year-on-year, the commerce ministry said on Thursday
 "Manufacturing sector gets $21 bn FDI in FY22, increases by 76% YoY")
5G spectrum auction enters Day 3; 10th round of bidding underway
India's 5G spectrum auctions entered Day 3 on Thursday with tenth round of bidding for airwaves that would power lag-free connectivity and ultra-high speed internet
 "5G spectrum auction enters Day 3; 10th round of bidding underway")
Indian diaspora, global bankers may profit from New Delhi's dollar crunch
India isn't in the same boat as its South Asian neighbors, even though it's in the same choppy waters
 "Indian diaspora, global bankers may profit from New Delhi's dollar crunch")
Rupee rises by 14 paise to 79.77 against US dollar in early trade
The rupee appreciated 14 paise to 79.77 against the US dollar in early trade on Thursday tracking the overnight weakness of the American currency.
 "Rupee rises by 14 paise to 79.77 against US dollar in early trade")
Sharp fall in purchases pulls global gold demand down by 8% in Q2
A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said on Thursday.
 "Sharp fall in purchases pulls global gold demand down by 8% in Q2")
What is a middle-income trap?
A middle-income trap is a situation in which a country attains a certain average income and gets stuck at that level, failing to graduate to a high income group. Let's know more about this trap
 "What is a middle-income trap?")